THE WEEK AHEAD February 20, 2011 COMPANY NEWS ● The week’s slew of annual reports will begin on Monday. Hammerson, which invests in and develops shopping centres, retail parks and offices throughout Europe, will kick things off. ● Wednesday will see investment management company Henderson Group release its full-year results. ● Part-nationalised banks RBS and Lloyds will report their annual performances [...]
Libya ceasefire soothes markets March 18, 2011 A ceasefire by Colonel Gaddafi’s forces in Libya has helped energy companies and spurred the markets on to a positive close, with the FTSE 100 closing 0.4 per cent up at 5,718.13. Political news dominated the day as G7 governments pulled together to support Japan’s efforts to stabilise its currency the yen. Central banks intervened [...]
THE TIPSTER February 21, 2011 SILVER surged to a 30-year high on Monday as Libyan unrest sent commodity prices soaring. Add this to the market’s talk of huge demand for immediate delivery of silver (the rumour on Friday was that the COMEX exchange was short large amounts of silver for March delivery). This talk of a squeeze added more than [...]
FTSE rebounds as investor confidence returns March 21, 2011 Stocks regained considerable ground today, consolidating their gains this afternoon, as reassuring action in Japan and Libya gave investors confidence. The morning’s announcement of telecoms giant AT&T’s $39bn (£24bn) takeover of Deutsche Telekom’s T-Mobile USA also lifted both the UK and US markets. The FTSE 100 closed up 1.2 per cent at 5,786.09. “Equity markets [...]
What the other papers say this morning January 23, 2011 FINANCIAL TIMES AUDITORS SEEK TO EASE FEARS The four biggest auditors have denied that their dominance of the market for large companies had created a systemic risk akin to that posed by the leading banks. Deloitte, Ernst & Young, KPMG and PwC have told the European Commission that they are willing to help draw up [...]
Centrica looks hard at its nuclear option June 13, 2010 CENTRICA’S finance director Nick Luff is busy trying to work out if the new coalition energy secretary Chris Huhne is a man the country’s largest gas and electricity supplier can do business with. Huhne – a Liberal Democrat – had previously described nuclear power as a “failed technology.” But that was before he scented the [...]
Centrica looks hard at its nuclear option June 13, 2010 CENTRICA’S finance director Nick Luff is busy trying to work out if the new coalition energy secretary Chris Huhne is a man the country’s largest gas and electricity supplier can do business with. Huhne – a Liberal Democrat – had previously described nuclear power as a “failed technology.” But that was before he scented the [...]
National Grid expects record gas usage to ease this week December 20, 2010 THE NATIONAL Grid has reassured customers that gas and electricity supplies are more than enough to meet demand, despite record usage yesterday forcing it to issue a supply alert. The utility issued a gas balancing alert for yesterday and today, which allows its to redirect power from industrial users to help fuel homes and switch [...]
New CBI head backs UK membership of Europe December 19, 2010 THE INCOMING president of the CBI has said Britain would lose out if it were to quit the European Union. Roger Carr, president-elect of the CBI and chairman of Centrica, said: “Economic conditions in Europe are challenging but it remains a major UK trading partner. “Britain must strive to be more competitive and continue to [...]
Carr lined up for top CBI post December 6, 2010 FORMER Cadbury chairman Roger Carr will be the next CBI president if its regional council members approve him this week, sources said yesterday. Respected industrialist Carr is set to replace current president Helen Alexander, who steps down at the end of her two-year term next June. The CBI’s regional council members, who number more than [...]