WHAT THE OTHER PAPERS SAY THIS MORNING July 4, 2010 FINANCIAL TIMES UK GOVERNMENT BOND MARKET STRONG, SAYS DMO The UK government bond market has been one of the best performing of the year because the country is safely outside the troubled eurozone and has its own currency, according to Robert Stheeman, chief executive of the Debt Management Office. He points out that gilts have [...]
Travel and tourism is a global money-spinner May 31, 2010 YOU might not know it, but travel and tourism is one of the world’s most important sectors. Despite the downturn, it employs 235m people, which is equivalent to 8.2 per cent of all employment globally. Last year will go down in history books as the worst year ever for air travel demand, yet, that year, [...]
US shares buoyed by Goldman stock rise July 20, 2010 US stocks rose for a second consecutive day yesterday, led by gains in shares of Goldman Sachs and strength in beaten-down homebuilders and raw materials companies. Goldman Sachs Group rose 2.2 per cent as buyers materialised after an early selloff on news the investment bank’s quarterly earnings tumbled 82 per cent, steeper than forecast. “Most [...]
US shares buoyed by Goldman stock rise July 20, 2010 US stocks rose for a second consecutive day yesterday, led by gains in shares of Goldman Sachs and strength in beaten-down homebuilders and raw materials companies. Goldman Sachs Group rose 2.2 per cent as buyers materialised after an early selloff on news the investment bank’s quarterly earnings tumbled 82 per cent, steeper than forecast. “Most [...]
FTSE ends lower as Barclays leads banking sector retreat August 5, 2010 BRITAIN’S top shares closed down yesterday, with Barclays leading banking shares lower after it posted first-half numbers and downbeat US weekly jobless claims data later in the day only adding to the downward pressure. The FTSE 100 closed down 20.38 points, or 0.4 per cent, at 5,365.78, having fallen back from a session high of [...]
OFT launches review into bank industry May 26, 2010 THE Office of Fair Trading will launch a major investigation into barriers to entry in the retail banking sector. The move is a response to calls for competition to be injected into the sector, with the government hoping a host of new names will appear on the high street. The OFT stressed the review is [...]
US economic growth slows July 30, 2010 US economic growth slowed in the second quarter as a capital investment drive by businesses saw imports increasing at their fastest pace since the first quarter of 1984, a government report showed. Gross domestic product expanded at a 2.4 per cent annual rate, the Commerce Department said in its first estimate, after a revised 3.7 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 13, 2010 THE SUNDAYS The Sunday Telegraph $2.6M BUFFETT LUNCH WON BY ANONYMOUS BIDDER A mystery benefactor has paid $2.6m (£1.8m) to meet with billionaire investor Warren Buffett for a business lunch. The Sage of Omaha auctioned his time in aid of a San Francisco charity. This year’s auction brought in 25 per cent more than any [...]
WHY DEFENCE IS BETTER THAN OFFENCE July 6, 2010 DICK TURPIN MANAGING DIRECTOR, ARTEMIS COMMENTING on a complaint last week from a Mr Arthur Purdey about a large gas bill, a spokesman for the gas company said: “We agree it was rather high for this time of year. It is possible Mr Purdey has been charged for the gas used up during the explosion [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 9, 2010 FINANCIAL TIMES VOLATILITY IN WALL STREET TAKES IT TOLL ON TOP BANKS Goldman Sachs and Morgan Stanley each suffered at least 10 days of trading losses in the second quarter, underlining how turbulent markets have cast a pall on Wall Street since April. The banks’ trading results deteriorated sharply from the first three months of [...]