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 [...]
UK economy has hit turbulence again January 19, 2011 AFTER a run of good news, the UK economy has hit choppy waters once more, though hopefully conditions will soon improve again. Growth bounced back between February and October 2010. Since then, manufacturing has remained buoyant; but services have slowed, especially in December (the snow was bad). Construction is slowing. The services sector purchasing managers [...]
Stars in their pies: mincemeat magic December 1, 2010 WHILE turkey and Christmas pudding are held back for the meal on the big day, mince pies are the real staple of the festive season. People who wouldn’t normally dream of a mid-afternoon snack will suddenly find themselves gobbling down piles of pastry and fruity mincemeat, while every cocktail party and seasonal bash is overflowing [...]
THE TIPSTER December 12, 2010 THE rail and bus company Go Ahead might be a reasonable long call. The company seems to be trying to focus more on core aspects of the business but the share price is continuing to struggle to make an impression. There’s clearly longer term exposure to the rail franchise renewal mechanisms and also government intervention [...]
THE TIPSTER December 5, 2010 THE Scottish oil producer, Cairn Energy, has seen its share price knocked thanks to a fruitless drilling operation off Greenland back in October, but last week’s award of a new exploration license is injecting a degree of life back into the stock. That, in addition to the painfully slow ongoing attempt to dispose of part [...]