Gold loses its shine as positive US data signals move away from safety December 21, 2009 NOW could be the time to go short on gold. After a stellar performance during 2010 when the precious metal reached a record high of more than $1,200, the positive trend could be about to come to an end. Investors sold off gold futures yesterday as markets await a spate of economic data releases from [...]
BROKER WILLS & CO OPENS FIRE ON FSA’S REGULATORY CRACKDOWN January 18, 2010 WHEREAS most City firms are content to whinge ineffectually about the Financial Services Authority’s new heavy-handed approach to regulation, it seems that others are starting to put their money where their mouth is. Rumours have been busy swirling in the Square Mile over the regulatory status of private client stockbroker Wills & Co, which can [...]
Lampard saves sloppy Blues December 20, 2009 CARLO ANCELOTTI admitted his Chelsea side were feeling the pressure of a hectic winter schedule after being held by London rivals West Ham in a tale of two penalties. Alessandro Diamanti’s spot-kick on the stroke of half-time gave the Hammers a deserved lead before Frank Lampard rescued the Blues with a thrice-taken penalty after Matthew [...]
Mercedes chiefs fuel Schumacher return talk November 23, 2009 MERCEDES GP chiefs have fuelled speculation they could tempt Michael Schumacher out of retirement after confirming Nico Rosberg will drive for them next year. Schumacher, 41, has not raced since calling time on his career in 2006 after winning seven world championships with Benetton and Ferrari. But the track legend has been linked with a [...]
Northern Foods reports modest profit rise while it plans job cuts November 10, 2009 FOOD manufacturer Northern Foods said it was on track to meet market expectations for the full-year and will invest £26.5m in its Fox’s biscuits brand over the next 18 months. The group, which makes Goodfella’s pizza and is Britain’s biggest maker of Christmas puddings, reported a pre-tax profit of £12.9m for the six months to [...]
BMI cuts jobs and routes in restructuring November 25, 2009 AILING airline BMI is slashing 600 jobs and axing five of its Heathrow routes as it strives to cut costs, it said yesterday. The carrier will also start handing back its leased aircraft, it said, blaming the recession and the fall-off in demand for travel. BMI will stop flying to Brussels, Tel Aviv, Kiev and [...]
THE TIPSTER November 24, 2009 THE dollar has been falling across the board, but against the Swiss franc it is now flirting with parity. The pair was seen at these levels in the first quarter of 2008, but the currency never managed to fall below SFr 0.9877, and a sustained break below parity would be moving towards uncharted territory. The [...]
BA holds frank talks with union October 19, 2009 Willie Walsh, the chief executive of British Airways, held “open and frank” discussions with union leaders yesterday, in the latest step to avoid a ballot on strike action. Unions and the embattled airline have been locked in talks over BA’s cost-cutting measures, which involves axing up to 3,700 jobs over the next year. BA wants [...]
MANDY UNLEASHES HIS SHARP WIT AT BUSINESS FOR EUROPE DEBATE January 14, 2010 IT’S good to know that it’s not only opposition politicians who are subjected to the sting of Lord Mandelson’s acerbic tongue, but members of his own party as well. Mandy was yesterday morning in attendance at City superspinner Roland Rudd’s Business for New Europe event at the grand Victoria Embankment headquarters of investment bank JP [...]
FREE (DELIVERY) TO A GOOD HOME October 13, 2009 Amazon UK is offering free delivery on everything in the run up to Christmas, scrapping the previous £5 threshold to qualify for the service. Free delivery will apply for all items until January 1, but does not apply to goods from third party sellers trading on Amazon. Amazon UK, along with Argos and eBay, is [...]