BA and Lloyds in pension row June 4, 2009 LLOYDS has been told by an increasingly irate staff union to issue a formal guarantee it will keep its final salary pension scheme open for existing members, ahead of its high-profile shareholder meeting today. This came as British Airways admitted last night all options remain open over its pension deficit, boosting fears it will close [...]
FTSE 100 slips below 4,200 but defensives stay afloat July 6, 2009 THE FTSE 100 fell one per cent yesterday to close 41.37 points down at 4,194.91, on concerns about the global economic outlook, with heavyweight oils, miners and banks leading the market lower, after it gained 0.1 per cent on Friday. The index fell through the 4,200 level for the first time since late April. It [...]
The pasta is brilliant, but eating at Jamie’s can be a stressful experience August 3, 2009 Jamie’s ItalianUnit 17, 2 Churchill Place, Canary Wharf, E14 5RBTel: 020 3002 5252 Cost per person without wine: £25 THIS is the second of Jamie Oliver’s chain of wallet-friendly eateries to open in London – one opened in Kingston in late 2008, following the first in Oxford – and he couldn’t have chosen a better [...]
Oils and banks lift the large caps but defensives slide June 29, 2009 THE FTSE 100 gained 1.3 per cent yesterday, boosted by strength in oil majors and banks, and reflecting early gains on Wall Street. The index closed 53.02 points higher at 4,294.03, recovering most of last week’s 1.5 per cent decline. “What is most impressive about today’s rally is the breadth of the buying. Most sectors [...]
RBS loss is the biggest of any bank in world June 23, 2009 ROYAL Bank of Scotland lost more than any other bank in the world last year, booking a pre-tax operating loss of nearly $60bn (£36.7bn), according to figures released today. The Banker magazine’s Top 1000 World Banks 2008/09 survey revealed that RBS was the world’s biggest loser, beating Wall Street giant Citigroup, which lost slightly more [...]
THE LONDON REPORT June 24, 2009 MINERS and banks were buoyed by better US durable goods data yesterday, offsetting weaker food retailers and producers and driving the FTSE 100 up by 1.2 per cent, or 49.96 points, to close at 4,279.98. The index has gained more than 23 per cent since hitting a six-year low in March, but is still down [...]
Miners give support as they rise to recoup their losses July 7, 2009 MINERS were the saviour of the FTSE 100 yesterday, offsetting falling oil stocks and disappointing UK industrial output data to keep the index flat, or just 7.91 points lower, at 4,187. Data showed that UK manufacturing output unexpectedly shrank in May, falling 0.5 per cent on the month, making it less likely the economy returned [...]
Miners give support as they rise to recoup their losses July 7, 2009 MINERS were the saviour of the FTSE 100 yesterday, offsetting falling oil stocks and disappointing UK industrial output data to keep the index flat, or just 7.91 points lower, at 4,187. Data showed that UK manufacturing output unexpectedly shrank in May, falling 0.5 per cent on the month, making it less likely the economy returned [...]
FTSE gains on commodities rally after price of oil rises July 1, 2009 THE FTSE 100 closed 2.2 per cent higher yesterday, fuelled by a rise in the oil price which prompted a strong rally in commodity stocks, and on hopes that the recession may be drawing to a close. The index was up 91.50 points at 4,340.71, after closing 1 per cent lower on Tuesday. “When (the [...]
THE LONDON REPORT June 25, 2009 THE FTSE 100 dropped 0.6 per cent yesterday, led by banks after a trading update from Standard Chartered failed to excite investors while commodity stocks were also under pressure. The index closed down 27.41 points at 4,252.57, after gaining 1.2 pe rcent in the previous session. Banks shaved most points off the index after Asia-focused [...]