Don’t let a long sugar trade leave you with sweet nothing October 24, 2010 SUGAR prices have shot through the roof in the last week, with sugar number 11 – the main benchmark for raw sugar prices – rallying comfortably over 28 cents per pound, double its price in late 2008. Commodity traders might be licking their chops at the thought of a sharp correction – or even a [...]
CITY MOVES | WHO’S SWITCHING JOBS September 27, 2010 London Stock Exchange The exchange has named Paolo Scaroni (pictured), the chief executive of Italian oil and gas group Eni and one of its non-executive directors, as its new deputy chairman. The LSE also said Massimo Tononi has joined the board as a non-executive director. Tononi was a partner at Goldman Sachs until July this [...]
FTSE 100 bounces back after a strong performance from the financial sector October 18, 2010 Britain’s top shares rebounded yesterday after falls in the past two sessions, boosted by oils and banks, with better-than-expected results from Citigroup and hopes of more US economic stimulus improving sentiment. The FTSE 100 index ended 39.15 points, or 0.7 per cent, higher at 5,742.52 after falling last Thursday and Friday. The index is up [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 7, 2010 FINANCIAL TIMES DHL CHIEF PROMISES ACTION OVER BOMB FEARS The head of one of the three big air-express companies has reacted to the parcel bombs sent from Yemen and Greece by pledging better screening of customers and packages before they reach airports. “What we need to do is improve surveillance at the pick-up point, have [...]
FSA hauls in bank execs over bonuses September 23, 2010 TOP officials from Britain’s largest banks have met at the Financial Services Authority (FSA) to discuss the regulator’s proposed crackdown on banker’s bonuses and pay. Last month heads of remuneration from each of the top banks met at the financial watchdog to discuss ways in which the banks would adhere to the revised remuneration code, [...]
CITY MOVES | WHO’S SWITCHING JOBS September 29, 2010 Tullett Prebon The inter-dealer broker has re-hired Tory MP Michael Fallon as a non-executive director, just a few months after he resigned to pursue an unsuccessful campaign for the Treasury Select Committee chairmanship. Fallon, who lost out to Andrew Tyrie, rejoins Tullett a week after he replaced Lord Ashcroft as deputy chair of the Conservative [...]
CITY MOVES | WHO’S SWITCHING JOBS September 29, 2010 Tullett Prebon The inter-dealer broker has re-hired Tory MP Michael Fallon as a non-executive director, just a few months after he resigned to pursue an unsuccessful campaign for the Treasury Select Committee chairmanship. Fallon, who lost out to Andrew Tyrie, rejoins Tullett a week after he replaced Lord Ashcroft as deputy chair of the Conservative [...]
Woods waiting on Pavin’s wildcard call September 6, 2010 TIGER WOODS is expected to get the nod to play in the US Ryder Cup team today. The world No1 missed out on the eight automatic qualifying places but is hoping to be named as one of captain Corey Pavin’s four wildcard picks for Celtic Manor next month. Just last month, Woods questioned his place [...]
US market falls as fears on European banks weigh September 7, 2010 US stocks fell in very light volume yesterday as investors seized on renewed concerns about European banks as a reason to sell shares after strong gains last week. Banks, energy companies and chipmakers were the biggest decliners. Trading was among the lightest of the year, with 6.07bn shares traded on the NYSE, Nasdaq and Amex [...]
Five reasons for investing with ETFs November 10, 2010 IT HAS not been an easy few weeks for exchange-traded products (ETP). First, analysts as good as wrote off physically backed industrial metal exchange-traded commodities (ETCs) before they had even been launched. And earlier this week, an American report from the Kauffman Foundation criticised ETPs, arguing they might pose a greater threat to the markets [...]