WHAT THE OTHER PAPERS SAY THIS MORNING December 9, 2010 FINANCIAL TIMES BP DELAYS LIBYA DEEP WATER PLAN BP has delayed its plans to explore in the deep water off the coast of Libya until next year after deciding not to use its original drilling rig “for operational reasons”. The UK oil group said that it was still in the process of ensuring any safety [...]
The housebuilder who is ready to take the long road back to recovery October 31, 2010 DESPITE the generally depressed state of the housebuilding and residential property market, Taylor Wimpey’s chief executive Peter Redfern says he is pretty pleased with business. But sitting in the boardroom of his London office, his mood appears more reflective than upbeat. “Prices are very stable at the moment,” says Redfern. “Stable is good for us. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2010 FINANCIAL TIMES AMAZON SEEKS TO EXPAND GLOBALLY Amazon says it plans to revamp its international e-commerce platform to make it easier for the company to reach customers in new markets. The online retailer, the world’s largest by number of visitors, operates online businesses in six countries outside the US. It says it has set up [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2010 FINANCIAL TIMES AMAZON SEEKS TO EXPAND GLOBALLY Amazon says it plans to revamp its international e-commerce platform to make it easier for the company to reach customers in new markets. The online retailer, the world’s largest by number of visitors, operates online businesses in six countries outside the US. It says it has set up [...]
BEST OF THE BROKERS November 2, 2010 MEARS Altium rates the housing repair firm a “hold” with a target price of 270p. The broker has downgraded its 2010 pre-tax profit forecasts by £0.6m, or two per cent, due to costs linked to small contract wins in the wake of Connaught’s collapse. The firm’s social housing pipeline has slipped slightly to £2.8bn, however, [...]
Rok calls in administrator November 8, 2010 SOCIAL housing company Rok stunned investors yesterday by filing for administration less than two months after management declared its confidence in the business. The Essex-based firm, which employs 3,800 people, released a terse statement to the stock market yesterday and PricewaterhouseCooper were later appointed as administrator. The firm issued a profit warning in August, but [...]
Rolet to speak out on regulation October 20, 2010 London Stock Exchange chief executive Xavier Rolet will appear next week before the Treasury select committee, to give evidence on its inquiry into financial regulation in the UK. Rolet has been vocal in his opposition to new proposals to split the regulation of the primary and secondary capital raising markets, under which the former will [...]
US is where it all happens this week October 31, 2010 IT used to be the case that the most important market-moving news for the FTSE 100, sterling and the UK fixed income markets often came from the US. While that remains largely true – London traders become fixated with Wall Street the moment it opens – Chinese statistics have now become almost as important for [...]
Downturn fuels a boom in the direct instruction of barristers November 30, 2010 I LIKE the culture of barristers’ chambers. The idea of walking into an aircraft hangar reception area at some City firm with modern art on the wall is maybe flaunting wealth too much these days.” This was the view of one in-house lawyer interviewed for a new study into “direct access” – clients instructing barristers [...]
Receding fears over Eurozone debt levels hand FTSE a boost December 6, 2010 BRITAIN’S top share index closed higher yesterday, buoyed by oil stocks after crude reached a two-year peak, while banks fell on fears over Eurozone debt as EU ministers met to discuss ways of preventing debt contagion. The FTSE 100 ended up 24.96 points, or 0.4 per cent, higher at 5,770.28, for its highest close since [...]