Banks support FTSE amid broad-based gains January 11, 2011 LONDON’S FTSE made strong gains today as bank shares surged and sovereign debt fears receded. Athough stocks gave back some of the day’s earlier gains by the market close, the leading index closed closed up 57.73 points or one per cent at 6,014.03. It ended a three-day losing streak and stayed ahead of the 6,000 [...]
Banks support FTSE amid broad-based gains January 11, 2011 LONDON’S FTSE made strong gains today as bank shares surged and sovereign debt fears receded. Athough stocks gave back some of the day’s earlier gains by the market close, the leading index closed closed up 57.73 points or one per cent at 6,014.03. It ended a three-day losing streak and stayed ahead of the 6,000 [...]
CITY MOVES | WHO’S SWITCHING JOBS January 9, 2011 Wm Morrison The supermarket giant has appointed Belinda Youngs to the role of own brand director, as part of four new additions to its senior management team. Youngs joins from Canadian food retailer Sobeys, where she was chief marketing officer, and is tasked with developing Morrisons’ own brand into a market leader. She is joined by [...]
Coalition’s VAT hike slammed by all sides January 3, 2011 CHANCELLOR George Osborne was caught in the political crossfire as the UK braced itself for today’s rise in VAT to 20 per cent. The tax hike will cost families £400 a year and risk up to 250,000 jobs, Labour leader Ed Miliband claimed while on the by-election campaign trail in Oldham yesterday. Osborne accused the [...]
FTSE briefly breaks 6,000 mark in final pre-holiday trading December 23, 2010 LONDON’S last full trading day before Christmas saw the lead share index briefly break the symbolic 6,000 mark before finally closing at 5,982. Energy shares led the rally with BP up 1.4 per cent, underpinned by gains in the price of crude, which held around $90 (£58.30) a barrel and neared a two-year high. Some [...]
What the other papers say this morning February 8, 2011 FINANCIAL TIMES BRUSSELS URGED TO END BIG FOUR DOMINANCE Four international accountancy networks have taken the unusual step of jointly calling for changes to the audit market in Europe and arguing that regulatory intervention is needed to dilute the power of the profession’s biggest operators. BDO International, RSM International and Grant Thornton International, the world’s [...]
HSBC shuffles managers to focus on Asia November 28, 2010 HSBC reshuffled a number of senior managers over the weekend with new group chief executive Stuart Gulliver pointing to an increased focus on emerging markets when he takes over. Gulliver, who becomes boss of HSBC in January, said: “With the massive wealth creation we see in emerging markets today, the logic for HSBC to build [...]
FTSE 100 sinks again over fears of Middle East unrest February 23, 2011 POLITICAL turmoil in Libya and the threat of contagion across the Middle East and North Africa sent Britain’s leading shares lower yesterday, testing seven-month technical support levels. The FTSE 100 index was 73.23 points, or 1.2 per cent, lower at 5,923.53, extending its declines to more than 2.5 per cent on the week. London’s blue [...]
Bloomberg asks Foster to design its new London HQ at Walbrook Square December 6, 2010 BLOOMBERG, the financial media giant, yesterday said it had reached an agreement with Legal & General for the purchase of the Walbrook Square site to build a new European headquarters located in the heart of the City. Bloomberg will construct two new buildings, one that will contain in excess of 500,000 square feet and one [...]
US uncertainty takes toll on FTSE despite blue chip gains January 6, 2011 BRITAIN’S top share index was pushed down to close lower yesterday, after uncertainty on the outlook for the US economy from weak retail sales and jobs data dented commodity prices and hit mining and energy stocks. Gains in retailer Marks & Spencer, British Airways and technology firm ARM Holdings ensured losses were relatively muted, however. [...]