THE TIPSTER GOOD RESULTS BUT OUTLOOK QUESTIONED November 8, 2009 WE ARE still in earnings season and mobile telecoms giant Vodafone is due to report its interim results tomorrow. Last week’s comments by Cisco that technology spending is on the up may be the sort of signal to encourage further support for the company, but with competitor Orange launching their UK iPhone sales on the [...]
Share index up as Bank of England keeps rates at a low November 5, 2009 BRITAIN’S top share index closed 0.4 per cent up yesterday, with energy stocks lifted by optimism on the economic outlook as central banks kept rates steady and US data surprised on the upside. The Bank of England kept rates steady at a record low of 0.5 per cent and said it would expand its quantitative [...]
CITY BANDS TO STORM LONDON’S ROCK SCENE November 5, 2009 THERE’LL be a large shoal of City fish venturing out of their native waters next week as no less than three Square Mile rock bands descend upon the Islington O2 Academy for a night of singing and strumming for charity. Headlining the night – taking place next Thursday – will be the band Pinstripe Hype, [...]
Sir Stuart again failed to tell the City his succession plans November 4, 2009 ONE of the most hotly-debated succession sagas looks set to keep on rolling as M&S yesterday shunned questions about how the search for Sir Stuart Rose’s successor was progressing. Rose furiously batted away questions on the M&S’s succession plans, despite it being a concern weighing heavily on many analysts’ minds. “I’m not answering questions on [...]
A Sentimental education Sixties-style October 29, 2009 FilmAN EDUCATIONCert: 12A AN Education began life as a short story and memoir by journalist Lynn Barber, which appeared in the literary journal Granta. Small but pithy, it was about Barber’s first boyfriend, back in 1961. Yet it was so acutely observed, and captured not only a girl’s coming of age, but of post-war Britain [...]
A Sentimental education Sixties-style October 29, 2009 FilmAN EDUCATIONCert: 12A AN Education began life as a short story and memoir by journalist Lynn Barber, which appeared in the literary journal Granta. Small but pithy, it was about Barber’s first boyfriend, back in 1961. Yet it was so acutely observed, and captured not only a girl’s coming of age, but of post-war Britain [...]
Postal strife hurts Barratt October 27, 2009 PROPERTY group Barratt Developments yesterday voiced concerns that national postal strikes might affect the take-up of its £720m rights issue. Barratt Developments issued a notice to shareholders urging them to promptly take up their share entitlement, or use another courier service to return their applications. In a statement to the stock market yesterday, the company [...]
A poor economic backdrop will see UK stocks trail their overseas peers October 20, 2009 IT’S hard to be optimistic about Britain’s economy. It lags behind both France and Germany in exiting recession and a sharp contraction in industrial output in September cast doubt over how positive third quarter GDP data – released this Friday – will be. A slow and protracted recovery lies ahead, according to the Bank of [...]
Qataris make millions from Barclays sale October 20, 2009 GULF state vehicle Qatar Holding yesterday offloaded half of its share warrants in Barclays, netting the bank’s biggest shareholder a fast profit of over £600m. Qatari investors, who still hold a direct shareholding of over seven per cent in Barclays, were issued with the warrants last November at a subscription price of 197.775p, as part [...]
ARE THE QATARIS SIGNALLING THAT THE RECENT RALLY IN BARCLAY’S SHARE PRICE IS OVER BY SELLING UP? October 20, 2009 KEITH BOWMAN HARGREAVES LANSDOWNI would say that the temptation to book over $1bn in profit became too great to ignore. Particularly set against a backdrop of similar funds that lost out on what they thought were bargain banking stocks before the crisis. It is a great opportunity to take profit but still keep a stake. [...]