The impact on markets of devastating job cuts October 29, 2012 CORPORATES are wielding the axe, and blood is being spilt on both sides of the Atlantic. Bloomberg data reveals that US companies have announced 158,100 layoffs this year – up 23 per cent from 2011. But the problem isn’t isolated to the US. Ford announced 1,400 UK job cuts just last week and UBS, which employs [...]
Drug maker needs a high October 29, 2012 PHARMACEUTICAL giant GlaxoSmithKline will announce its third quarter trading results tomorrow. The drug maker has had a mixed year, and shares currently lie towards the middle of their 52-week range. GSK has appointed headhunters to find a replacement for Sir Chris Gent, who had been chairman since 2005, and traders will want details about when [...]
Australia could stumble as China looks uncertain October 29, 2012 FX360 OVER the last decade, the Australian economy has grown significantly. It’s become a key supplier of raw materials to the emerging Bric economies, and China has been at the heart of this demand. For a time, materials like iron ore couldn’t be shipped out of Australia fast enough to sate huge Chinese demand – [...]
The calm before the fiscal storm October 29, 2012 AS HURRICANE Sandy hits the eastern seaboard of the US, just how much will it rock the markets? And could it be a game changer for the presidential elections – now only a week away? According to an analyst note by the chief investment strategist of S&P Capital IQ, Sam Stovall, history says that hurricanes [...]
Analyst picks for 30 October 2012 October 29, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long New Zealand dollar-dollar and euro-dollar Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days Currencies like the Australian and New Zealand dollars have been quite resilient in the face of declining equity markets. This fits in neatly with my assessment [...]
Confidence in UK economy may be short-lived after production data October 28, 2012 CONFIDENCE in the UK economy may take a knock this week, with manufacturing data unlikely to match the strong GDP news released last week. After last week’s upbeat news that the UK has officially exited recession, the manufacturing purchasing managers’ survey (PMI) due on Thursday is expected to show the sector contracted again in October. [...]
Presidential vote is focus for investors October 28, 2012 EARNINGS season may be only half over, but the focus on profits should subside this week as investors turn their attention to the coming presidential election and Friday’s jobs data – the last major economic indicator before the 6 November contest. More bellwether companies are set to report results in what will be another “peak [...]
A will is an important way to protect your loved ones October 28, 2012 IN THE event of your death, your loved ones will not need the added stress of dealing with your estate. And making a will in advance is the most effective way of making a difficult situation easier. Not only does a will help to efficiently distribute your assets to people of your choice, it’s also [...]
What you need to know about inheritance tax planning October 28, 2012 WEALTH taxes have remained high on the political agenda in recent months. After the latest party conferences, it seems increasingly unlikely that we will see any new measures introduced in the immediate future. So, we are left with the UK’s only existing form of wealth tax: inheritance tax (IHT). Rather than being an annual tax [...]
A look inside Google’s Tech City Campus for start-ups October 28, 2012 GOOGLE Campus is a seven floor work and event space in the City’s eastern fringe on Bonhill Street, EC2, designed to encourage the next generation of entrepreneurs. It’s an open-source building, with floors run by individual partners – each with a different take on what a start-up needs to thrive. Anyone can join the Campus [...]