THE TIPSTER CHRISTMAS HAS ARRIVED EARLY IN THE MARKETS November 16, 2009 THE FTSE 100 smashed through 5,300 yesterday, rising 86 points to close at 5,382.67. For weeks the blue-chip index had been struggling to get through this resistance level but yesterday, it was firmly back on the upward trend. Has the traditional Santa rally started early? If so, the next target level would be the 5,500 [...]
House prices fall in run up to Christmas November 15, 2009 ASKING prices for homes in England and Wales are expected to see three months of price falls as sellers postpone moving until after the Christmas period, property website Rightmove will say today. The 1.6 per cent monthly fall in November marks an end to the buoyancy that has characterised the property market during the autumn [...]
Christmas will be make or break for our retailers November 8, 2009 WHEN the Christmas lights on Regent Street were switched on last week, it marked the beginning of the most important period of the year for high-street retailers. Many can earn 60 per cent of their annual profits in the peak weeks of Christmas. After a dismal end to 2008 when it seemed like retail chains [...]
A HEFTY DOSE OF CRUNCH-BUSTING CHRISTMAS CHEER HITS THE CITY November 24, 2009 AFTER the appearance of the traditional annual Coca Cola advert on our television screens heralded the official start to the festive season, it appears the corporate Christmas is truly in full swing. Demand for Christmas crackers is up a whopping 21 per cent from last year as cheap ‘n’ cheerful celebrations take precedent over luxurious [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 8, 2010 FINANCIAL TIMES US TO PAY BIG FOR WALL ST TIPS New US whistleblowing incentives within the Dodd-Frank financial reform bill – that could net informants multimillion dollar pay-outs – are likely to generate a surge in allegations against US-listed companies and Wall Street banks, lawyers say. The SEC is expecting a sharp increase in tip-offs [...]
TOP FOREX STAR TAKES TIME OUT FROM RBS August 24, 2010 A BLOW for the Royal Bank of Scotland – and, by extension, to the rest of us – as one of the most celebrated foreign exchange traders in the City hops out of the bank’s revolving door. Mark Barnes stepped up to the role of global head of forex trading at RBS last year, and [...]
CITY VIEWS: CHRISTMAS SHOPPING ONLINE OR HIGH ST? November 16, 2009 HOCINE YAICHE MOODYS“I am always a last minute shopper, so I have never actually done my Christmas shopping online. It is also a bit a problem doing it online as you then have to get it delivered, and are at work most of the time. But I do think the trend is probably more towards [...]
More pain for restaurants as firms cut back on Christmas November 12, 2009 THE number of restaurants falling into insolvency is set to rise again next year after one of the quietest corporate Christmases on record. The industry’s woes over the financial crisis have been well publicised by the difficulties experienced by the UK’s celebrity chefs. Gordon Ramsay revealed earlier this year that his restaurant empire had teetered [...]
Chief hired to turn around Game Group June 17, 2010 EMBATTLED computer games specialist Game Group yesterday brought back a little cheer to investors by hiring a new chief executive, two months after a 28 per cent plunge in yearly profits sparked the abrupt departure of former boss Lisa Morgan. Ian Shepherd, a former Vodafone executive and “keen gamer for over 30 years”, is to [...]
BAreadies itself for strikes this Christmas October 26, 2009 FEARS of a bleak?Christmas for British Airways (BA) were growing last night, after the Unite union said it would ballot its 14,000 cabin crew on strike action. Unions and BA management have been at loggerheads over cost-cutting at the airline, which is struggling to weather the financial storm. Nine months of talks fell apart yesterday [...]