Qatar 2022 World Cup a “done deal” to be held in November February 18, 2015 The 2022 Fifa World Cup in Qatar is a "done deal" to be held in November and December, according to reports. Despite initially promising to hold the tournament in its traditional summer slot with the help of state of the art cooling-down technology, Fifa general secretary Jerome Valcke said last year that the event would [...]
Bad news for miners but good news if you want to go jewellery shopping for a ring, diamond prices are down 28 per cent according to Moody’s December 14, 2015 Diamond prices are set to fall further, as low consumer demand continues to put pressure on miners, according to Moody’s research. The price of rough diamonds dropped 18 per cent in the first 11 months of 2015, and are now down 28 per cent from their peak in the summer of 2014. Prices are now at a three [...]
What you need to know before the US open May 6, 2014 Futures suggest a slightly higher open for US markets, following more optimistic export figures for March. Exports gained two per cent last month – from $190bn in February to $193.9bn – suggesting the slide seen in the first two months of the year tailed off. There’s little else in the way of data today, though, with analysts [...]
Tobacco set to suffer as ecigarette revolution takes hold April 9, 2014 Japanese banking giant Nomura is forecasting a steady decline in cigarette volumes as the ecigarette revolution gathers pace. Nomura believes cigarette volumes will fall by 3.8 per cent (five-year compound annual growth rate), while ecigarettes are set to rise to 15 per cent of equivalent units in the US by 2023. Ecigarettes are changing the [...]
Regulation of ecigarettes will be one of tobacco’s greatest saviours April 16, 2014 Yesterday, Imperial tobacco announced it would be shutting its factories in England and France. The maker of French tobacco favourites such as Gauloises and Gitanes will be moving production to Spain. Declining sales and a hostile regulatory environment have been the dominant story of the tobacco world for the past decade. However, there may still [...]
Stansted says it will keep growing despite Davies thumbs down December 17, 2013 STANSTED executives were stoic yesterday after the airport was left off the shortlist for a new runway. The airport, which was taken over by Manchester Airports Group in February, had set out plans to build a second runway – and Boris Johnson had talked up the site’s prospects as a five-runway hub. However, Sir Howard [...]
BHP latest miner to tap debt market with new $5bn bond September 26, 2013 FTSE 100-listed miner BHP Billiton yesterday priced a $5bn (£3.1bn) bond and said it would use the proceeds for “general corporate purposes”. The debt issuance is BHP’s largest in over a year and the firm’s first US debt sale since February 2012. The new debt facility comprises $500m floating rate notes due 2016, $500m 2.050 [...]
Cut down your energy bills December 16, 2010 IT HAS been a sad few weeks for anyone with a gas or electricity bill to pay. Last week, Npower announced plans to increase electricity and gas prices by 5.1 per cent, bringing to four the number of big energy companies hiking rates this Christmas, bringing the average household’s bill to £1,210. And just yesterday, [...]