WALL STREET WEEK AHEAD October 2, 2011 INVESTORS are worried US earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support. The Eurozone’s debt crisis and weakness in China have fuelled investor concern that the global economy could tip back into recession, possibly dampening US earnings growth at a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]
Hits and misses in US company results July 22, 2011 America’s biggest companies have delivered a mixed bag of earnings news, with a disappointing update by heavy equipment maker Caterpillar offset by forecast-beating news from GE, Schlumberger and McDonalds. Caterpillar, which updated the market after the bell last night, said its second-quarter profit was $1.02bn (£629m), 44 per cent higher than the same quarter in [...]
Dow rise fuelled by McDonald’s lift February 8, 2011 THE Dow notched a seventhstraight day of gains yesterday, but light volume suggested that investors don’t believe the more than five-month rally has the legs to keep going. Surprisingly strong sales by McDonald’s boosted optimism on consumer spending and drove the Dow’s gains on what turned out to be the quietest day of trading so [...]
CITY MOVES | WHO’S SWITCHING JOBS August 23, 2011 Sciens Management Holdings The provider of fund of funds and managed account services has hired two senior executives to its London team. Stavros Siokos (pictured) has joined as president and Michael Hart joins as senior marketing director. Siokos was formerly head of investment management at Piraeus Bank in Greece and an MD in the equities [...]
Hi-jinx and social climbing August 10, 2011 MARRYING UP BY WENDY HOLDEN Headline, £19.99 HAVING spent the 90s working for the Sunday Telegraph, the Sunday Times Style Mag – where she ghost-wrote a column by Tara Palmer Tompkinson – and Tatler, Wendy Holden knows a thing or three about social snobbery, the chattering classes and that type of person deserving of a [...]
THE SHOW MUST GO ON SAYS FOREX FINANCIER November 1, 2011 DIGITAL downloads decimating album sales, Russian born tycoon Len Blavatnik poised to swoop on the UK’s last major domestic music label – it’s fair to say the music industry has seen better days. Here to help the sector’s financially challenged artistes make the most of their remaining revenue sources – touring, merchandise and ticket sales [...]
THE SHOW MUST GO ON SAYS FOREX FINANCIER November 1, 2011 DIGITAL downloads decimating album sales, Russian born tycoon Len Blavatnik poised to swoop on the UK’s last major domestic music label – it’s fair to say the music industry has seen better days. Here to help the sector’s financially challenged artistes make the most of their remaining revenue sources – touring, merchandise and ticket sales [...]
Starbucks raises guidance as wealthy customers splash out July 29, 2011 Starbucks raised its fiscal year forecast above Wall Street’s estimates, banking on its relatively well-heeled customers visiting more often and shaking off price increases. The world’s biggest coffee chain, which is coming off a years-long restructuring that involved closing poorly performing stores to rekindle growth, on Thursday reported better-than-expected fiscal third-quarter earnings. Seattle-based Starbucks joined [...]