FTSEcloses at one-year high as energy and mining rally October 12, 2009 RALLYING energy stocks and miners, spurred by firmer commodity prices and growing optimism on the corporate outlook and global economy, helped the top share index to its highest close in over a year yesterday. Global equity markets were given a shot in the arm by forecast-beating results from Philips ahead of earnings from other major [...]
Grand slams no longer just for the top two, says Cash September 17, 2009 FORMER Wimbledon champion Pat Cash believes Juan Martin del Potro’s shock US Open success is a sign that Roger Federer and Rafael Nadal’s grand slam stranglehold is slipping. Before this year’s visit to Flushing Meadows, Federer and Nadal had enjoyed a near monopoly at the slams, winning 17 of the previous 18 events. But 20-year-old [...]
RBS moves to cut overdraft charge in half September 7, 2009 ROYAL Bank of Scotland has broken ranks with competitors by slashing charges on customers who go overdrawn without agreement or exceed their overdraft limit. From 1 October, RBS and subsidiary NatWest will slash the fee for returning a cheque, direct debit or standing order to £5, while the fee for paying an item on an [...]
RBS moves to cut overdraft charge in half September 7, 2009 ROYAL Bank of Scotland has broken ranks with competitors by slashing charges on customers who go overdrawn without agreement or exceed their overdraft limit. From 1 October, RBS and subsidiary NatWest will slash the fee for returning a cheque, direct debit or standing order to £5, while the fee for paying an item on an [...]
Job loss tally still rising as pay rate slips September 13, 2009 UNEMPLOYMENT is expected to show another sharp rise this week when official data is released on Wednesday, raising fears about consumer demand and the effect on the economic recovery. Economists expect the broader International Labour Organisation (ILO) measure of unemployment – which is seen as a truer picture of the state of the British labour [...]
Job loss tally still rising as pay rate slips September 13, 2009 UNEMPLOYMENT is expected to show another sharp rise this week when official data is released on Wednesday, raising fears about consumer demand and the effect on the economic recovery. Economists expect the broader International Labour Organisation (ILO) measure of unemployment – which is seen as a truer picture of the state of the British labour [...]
FTSE100 ends its best ever quarter with profit taking September 30, 2009 THE top share index closed lower yesterday with energy stocks, banks and miners among the biggest laggards on the last session of a record quarter. The FTSE 100 closed down 25.82 points, or 0.5 per cent, at 5,133.90 as investors locked in profits after the index put in its best quarterly performance since it was [...]
FTSE100 ends its best ever quarter with profit taking September 30, 2009 THE top share index closed lower yesterday with energy stocks, banks and miners among the biggest laggards on the last session of a record quarter. The FTSE 100 closed down 25.82 points, or 0.5 per cent, at 5,133.90 as investors locked in profits after the index put in its best quarterly performance since it was [...]
FTSE set to dip as banks hit spotlight August 2, 2009 MUCH of the rally of the past three weeks has been US earnings-led, but this week we’ll have the chance to see how a range of UK banks’ half-yearly numbers go down. The overall diagnosis is likely to be one of recoveries in profitability, with concerns mounting over soaring bad-loan losses. Two of the likely [...]
EX-BANKER TRIES HIS LUCK WITH SEX TOYS November 9, 2009 OF ALL the career paths followed by former City types who have lost jobs in the recession, this one really does take the biscuit. Matt Thomas, a former manager in corporate finance at Seymour Pierce, decided to make the most of the opportunity when he was made redundant last November by setting up a joint [...]