Football clubs on side in support of the economy October 24, 2011 UNTOLD ink is expended on the trials and tribulations of England’s football clubs. Public houses would be thrown into silence without our national pastime and fervent worshippers spend money hand over fist to prove their allegiance to their club. Yet this national obsession is all too rarely thought about as the economic powerhouse it is. [...]
Football clubs on side in support of the economy October 24, 2011 UNTOLD ink is expended on the trials and tribulations of England’s football clubs. Public houses would be thrown into silence without our national pastime and fervent worshippers spend money hand over fist to prove their allegiance to their club. Yet this national obsession is all too rarely thought about as the economic powerhouse it is. [...]
Oh, we Brits do like to have a second home by the seaside.. August 4, 2011 THE Victorians invented the idea of the British seaside as a holiday escape, and our coastal towns remain excellent options for second homes today. Even given the property market’s recent blip, seaside prices in England and Wales have increased by 128 per cent in the last decade. Seven out of 10 seaside towns have experienced greater [...]
Global economy put on red alert September 20, 2011 THE GLOBAL economy has hit a “dangerous new phase”, the International Monetary Fund (IMF) warned yesterday, as it slashed growth forecasts for nearly every corner of the world. The UK’s economy will grow by just 1.1 per cent this year, the IMF expects, knocking 0.4 per cent off its projections from June. And stock market [...]
Dollar dented but not depressed November 8, 2011 FAIR FX RISHI PATEL Activity in the US has clearly been overlooked, as the chaos in the Eurozone takes the limelight. 2011 has been one of the more difficult years for macro trading, with the US economy so far managing to avoid heading back into recession. Early in the month we saw the release of [...]
Dollar dented but not depressed November 8, 2011 FAIR FX RISHI PATEL Activity in the US has clearly been overlooked, as the chaos in the Eurozone takes the limelight. 2011 has been one of the more difficult years for macro trading, with the US economy so far managing to avoid heading back into recession. Early in the month we saw the release of [...]
Bank lawsuit looms large over the equity markets September 4, 2011 THIS morning’s direction for the markets will be dominated by the news which came out late on Friday evening that a US regulator is suing 17 financial institutions for mis-selling billions of dollars’ worth of mortgage bonds, which ultimately proved toxic when the US housing market collapsed. The targets included not only major US banks [...]
Strong dollar should be seen as a warning September 27, 2011 THOUGH yesterday saw a broad market rally, it was a tiny chink of light in an otherwise dark tunnel for the economy. The ongoing Eurozone debt crisis and the seeming inability of anybody involved to take hold of the situation with a credible plan for managing the fallout of an inevitable Greek default has driven [...]
Persimmon profits surge and costs fall August 23, 2011 PERSIMMON saw a pickup in summer sales and enjoyed a surge in first half pre-tax profits as the UK’s third largest housebuilder improved its operating margins and clamped down on development costs. The York-based company, whose brands include Charles Church and Westbury, made an underlying pretax profit of £59.7m in the six months to the [...]
Deutsche beginning to make its presence felt September 12, 2011 NOTWITHSTANDING worries over the Eurozone and jitters about the state of the investment banking sector, there were some happy bankers at Deutsche Bank yesterday. Deutsche is the lead adviser on US group Colfax’s £1.5bn bid for Charter that was made yesterday, higher than a rival bid from the UK group Melrose. There are not many [...]