THE TIPSTER April 17, 2011 EARNINGS get into full swing this week. Tomorrow sees retail giant Tesco reporting its prelims. Most retail stocks have had it hard recently, with profit warnings being issued left right and centre, but in the last couple of weeks buyers have been attracted back into these stocks, believing the weakness presents a buying opportunity. Capital [...]
LVMH makes Bulgari move to crack Asia March 7, 2011 LVMH will take over Italy’s Bulgari in a €3.7bn (£3.18bn) deal to fuel more sales in emerging markets. The offer could herald a flurry of consolidation in the luxury market, which has bounced back from the 2009 slump much faster than analysts expected. Bulgari shares were up 58 per cent at one point after yesterday’s [...]
FTSE 100 sinks below 6,000 as banks and miners tumble May 11, 2011 COMMODITY and banking stocks dragged the FTSE 100 back below the 6,000 level yesterday, with these sectors pressured by Greece’s debt problems and uncertainty over global economic growth. London’s blue chip index closed down 42.89 points, or 0.7 per cent, at 5,976.00, having hit a one-week closing high on Tuesday. Atif Latif, director of trading [...]
Maths skills secret to rise in FTSE ranks April 26, 2011 A BACKGROUND in finance is becoming the best route to landing a chief executive’s job at a blue chip firm, according to findings from this year’s Robert Half study of FTSE 100 chief executives. Nearly half (49 per cent) of serving chief executives in the current FTSE 100 Index have financial backgrounds – such as [...]
Myners: more women will get on boards March 28, 2011 EX-CITY Minister Lord Myners expects women to make up the majority of board members in at least five FTSE100 companies by 2021, without quotas necessary to bring about the change. Speaking at tonight’s Business Woman of the Year awards, Lord Myners will say that the failure by the private sector to recognise and mobilise female [...]
Myners: more women will get on boards March 28, 2011 EX-CITY Minister Lord Myners expects women to make up the majority of board members in at least five FTSE100 companies by 2021, without quotas necessary to bring about the change. Speaking at tonight’s Business Woman of the Year awards, Lord Myners will say that the failure by the private sector to recognise and mobilise female [...]
High-end stocks face pressure but love for labels will endure March 14, 2011 AS anyone who has visited Tokyo will know, Japan is a voracious consumer of luxury labels. A natural throwaway culture by necessity, thanks to the tiny size of Japanese homes, has led to a constant demand for the “latest thing”. According to MF Global, Japan accounts for 23 per cent of the global market for [...]
FTSE hits a three-month low as Japanese disaster deepens March 14, 2011 THE FTSE 100 share index hit a fresh three-month closing low yesterday, with some sectors seen vulnerable to further falls as the extent of the damage in Japan after the earthquake and tsunamis becomes clearer. Luxury goods firms such as Burberry Group and insurers including Aviva and Catlin Group were among the top fallers as [...]
Luxury firms take a tumble March 14, 2011 THE DISASTER in Japan pummeled manufacturing and luxury goods stocks yesterday, alongside insurers and energy firms, as markets across the world ended lower. Burberry, which says it makes a significant portion of its profits from its Japanese licenses, fell 4.3 per cent in London trading yesterday. Hermes, which makes 19 per cent of its sales [...]
CITY MOVES | WHO’S SWITCHING JOBS March 6, 2011 GlaxoSmithKline Judy Lewent and Stacey Cartwright have been appointed as non-executive directors of GSK and will join the Board from 1 April 2011, when they will both become members of the firm’s Audit & Risk Committee. Lewent is the former executive vice president and chief financial officer of Merck & Co, and Cartwright is executive [...]