In a bubbly mood July 22, 2009 BAB – short for “bonuses are back” – has replaced “doh” as the word on the City’s streets, following revelations that bankers raked in end-of-year payouts like the credit crunch was all just a bad dream. But whatever the reality for those outside the gilded top offices of the Square Mile and Canary Wharf, there [...]
In a bubbly mood July 22, 2009 BAB – short for “bonuses are back” – has replaced “doh” as the word on the City’s streets, following revelations that bankers raked in end-of-year payouts like the credit crunch was all just a bad dream. But whatever the reality for those outside the gilded top offices of the Square Mile and Canary Wharf, there [...]
The champagne days are over as firms cut costs July 21, 2009 ONE OF THE less visible casualties of the credit crunch has been the corporate and press hospitality industry. Legal journalists wistfully recall the days, now gone, in which they were magically whisked away by a fleet of chauffeur-driven cars to take first class transatlantic flights to check out Linklaters’ New York office or when they [...]
The champagne days are over as firms cut costs July 21, 2009 ONE OF THE less visible casualties of the credit crunch has been the corporate and press hospitality industry. Legal journalists wistfully recall the days, now gone, in which they were magically whisked away by a fleet of chauffeur-driven cars to take first class transatlantic flights to check out Linklaters’ New York office or when they [...]
Plenty for markets to feast on as firms update investors July 19, 2009 REPORTING season is definitely upon us and this week offers up a cornucopia of corporate reports for the markets to devour. Dominos Pizza UK & Ireland serves up the first slice today and investors will be keen to hear whether the firm has continued to be a recession winner. It reported a nearly 10 per [...]
ASIAN SURGE DEPENDS ON US RECOVERY July 19, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COM STRONG earnings reports from both Goldman Sachs and Intel and an improvement in some economic data releases last week partially cleared the cloud of economic gloom that has been hanging over the global recovery. The particularly strong gains in Asia finally added some substance to the belief that the global [...]
ASIAN SURGE DEPENDS ON US RECOVERY July 19, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COM STRONG earnings reports from both Goldman Sachs and Intel and an improvement in some economic data releases last week partially cleared the cloud of economic gloom that has been hanging over the global recovery. The particularly strong gains in Asia finally added some substance to the belief that the global [...]
Miners, banks and oil groups emerge as stars of the index July 14, 2009 LONDON’S top share index closed up 0.9 per cent yesterday, led by miners, banks and oil producers as impressive corporate data from the United States outweighed mixed economic figures. The FTSE ended 35.55 points higher at 4,237.68, extending Monday’s 1.8 per cent gains. The index has risen more than 23 per cent since hitting a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 14, 2009 FINANCIAL TIMES FIRSTGREATWESTERN BACK ON TRACKA rail franchise that became notorious for large numbers of train cancellations and poor punctuality has shown sufficient improvement to be released from an intensive monitoring regime imposed by the Department for Transport. Lord Adonis, transport secretary, yesterday told the House of Lords that FirstGreatWestern had met the standards required [...]
Drop in house prices easing July 14, 2009 HOUSE prices only fell marginally in May compared to the previous month, taking the annual decline to 12.5 per cent, data from the Department for Communities and Local Government (DCLG) showed yesterday. In the three months to May, UK house prices fell by 0.4 per cent compared to a fall of 4.8 per cent in [...]