SPREAD BET GURU November 28, 2010 MARKET STRATEGIST josh@cityindex.com Q.Dear Josh, is the Christmas rally a myth? A.Historically at least, a Christmas rally is by no means a myth. The last 10 years have seen the FTSE 100 rally nine times in the month of December, with an average rally of 3 per cent. The only year where the index actually [...]
SPREAD BET GURU November 28, 2010 MARKET STRATEGIST josh@cityindex.com Q.Dear Josh, is the Christmas rally a myth? A.Historically at least, a Christmas rally is by no means a myth. The last 10 years have seen the FTSE 100 rally nine times in the month of December, with an average rally of 3 per cent. The only year where the index actually [...]
Spotify forced to postpone US plans December 9, 2010 MUSIC streaming firm Spotify has admitted it will not realise its ambitions of launching in the US before Christmas. The firm said as recently as last month it would meet the target despite failing to sign agreements with all of the big four US labels. But founder and chief executive Daniel Ek said yesterday he [...]
John Lewis in sales surge as Xmas nears November 18, 2010 JOHN Lewis said sales had risen by 11.3 per cent over the last four days – driven by a strong performance from fashion and helped by the colder weather. The department store said the week had begun well as consumers started thinking about buying Christmas gifts. Lesley Ballantyne, John Lewis director of operational development said: [...]
Ferrovial returns to BAA talks January 13, 2011 SPAIN’S Ferrovial is in talks with investors to sell 10 per cent of UK airport operator BAA, which runs London’s Heathrow, by June, its chief executive said, in a move to halve a €24.5bn (£20.5bn) debt pile. Ferrovial will seek offers for the stake, estimated last year to be worth about €200m, in the last [...]
Shoppers return to stores after snow December 5, 2010 SNOW may have kept people at home for much of last week, but consumers hit the stores as soon as milder weather returned, according to data released yesterday. John Lewis recorded falls in sales on Wednesday and Thursday, compared to the same days last year. However, a weekend surge saw the department store surpass £100bn [...]
Shoppers return to stores after snow December 5, 2010 SNOW may have kept people at home for much of last week, but consumers hit the stores as soon as milder weather returned, according to data released yesterday. John Lewis recorded falls in sales on Wednesday and Thursday, compared to the same days last year. However, a weekend surge saw the department store surpass £100bn [...]
THE WEEK AHEAD January 9, 2011 COMPANY NEWS ● WM Morrison release its Christmas trading update today. ● Tomorrow the US National Commission on the BP Deepwater Horizon incident release their final report on the causes of the Gulf of Mexico oil spill. ● Marks & Spencer, the iconic British department store, will publish its third quarter interim management statement tomorrow. ● Supermarket [...]
THE WEEK AHEAD January 9, 2011 COMPANY NEWS ● WM Morrison release its Christmas trading update today. ● Tomorrow the US National Commission on the BP Deepwater Horizon incident release their final report on the causes of the Gulf of Mexico oil spill. ● Marks & Spencer, the iconic British department store, will publish its third quarter interim management statement tomorrow. ● Supermarket [...]
Asking prices cut in bid to draw buyers November 14, 2010 SELLERS slashed their asking prices in November by 3.2 per cent, the biggest monthly fall since December 2007, as they try to attract bargain-hunting buyers. This is the fourth monthly fall in the past five months and takes the annual change to just 1.3 per cent, down from 2.9 per cent in October. Greater London [...]