Face it, trader: Santa does not exist November 7, 2010 THERE is consensus among sane-minded adults that Santa Claus does not exist. We have – just about – come to terms with the fact that there is no jolly red-suited fellow that wriggles down the chimney and fills our stockings each year. Yet strangely there are still traders who believe in his stock market rally. [...]
Tesco trading update sends investors running for cover January 13, 2011 BRITAIN’S leading share index fell yesterday as a disappointing trading update from Tesco upset food retailers and tobacco stocks were hit by a broker’s downgrade. At the close, the FTSE 100 was down 26.84 points, or 0.4 per cent, at 6,023.88, after hitting a 31-month closing peak on Wednesday. Tesco was the biggest FTSE 100 [...]
Retail sales failed to pick up in October November 8, 2010 RETAIL sales failed to revive in October as weak consumer confidence in the lead up to the comprehensive spending review undermined growth the British Retail Consortium (BRC) will say today. The latest figures show total retail sales grew by 2.4 per cent year-on-year in October but this compared to growth of 5.9 per cent for [...]
Traffic free day earns London shops £250m November 28, 2010 OVER £250m was spent in West End shops this weekend, as consumers took advantage of the sixth annual traffic-free “VIP Day” in Oxford Street and Regent Street. And retailers are delighted with a reported boom in sales of “big ticket” items, after recent data pointed to a slump in people’s willingness to splash out on [...]
No bonus cut at Stan Chart November 25, 2010 EMERGING markets bank Standard Chartered yesterday distanced itself from talks between the UK’s biggest banks over limiting bonus payouts. RBS, HSBC and Barclays are reportedly in discussions with each other and the government over potentially cutting 2010 bonuses as well as lending more to businesses. The UK’s five biggest banks may also contribute up to [...]
Retail sales growth slows October 28, 2010 Retail sales growth eased in October from September’s six-year high, but stayed well above average and at its second-highest level this year, a survey by the Confederation of British Industry showed. The CBI’s monthly distributive trades survey’s reported sales balance dipped to +36 in October from +49 in September, broadly in line with economists’ forecasts [...]
Retail sales growth slows October 28, 2010 Retail sales growth eased in October from September’s six-year high, but stayed well above average and at its second-highest level this year, a survey by the Confederation of British Industry showed. The CBI’s monthly distributive trades survey’s reported sales balance dipped to +36 in October from +49 in September, broadly in line with economists’ forecasts [...]
Retail sales growth slows says CBI October 28, 2010 Retail sales growth eased in October from September’s six-year high, but stayed well above average and at its second-highest level this year, a survey by the Confederation of British Industry showed. The CBI’s monthly distributive trades survey’s reported sales balance dipped to +36 in October from +49 in September, broadly in line with economists’ forecasts [...]
US authorities will announce string of insider dealing cases November 22, 2010 Federal authorities are closing in on a series of high profile targets as part of a drive to purge insider trading from Wall Street. They are understood to be on the verge of announcing cases against hedge fund traders, consultants and Wall Street bankers within weeks, according to lawyers working on the cases. Prosecutors and [...]
US authorities will announce string of insider dealing cases November 22, 2010 Federal authorities are closing in on a series of high profile targets as part of a drive to purge insider trading from Wall Street. They are understood to be on the verge of announcing cases against hedge fund traders, consultants and Wall Street bankers within weeks, according to lawyers working on the cases. Prosecutors and [...]