Markets react with caution as US corporates hit by global downturn October 14, 2012 CENTRAL bank-fuelled gains took markets within reach of five-year highs in September, but US stock market participants are shifting their focus back to corporate outlooks, and the picture is not pretty. Early earnings reports have underlined those concerns, which may be exacerbated when dozens of major companies – including Dow components General Electric, Microsoft and [...]
Put in the firing line by a master business partner October 14, 2012 THE aborigine guide’s eyes widened in disbelief when he saw the bright yellow pyjamas, and he said “you had better take those off mate.” So David Norwood stripped down to his underwear and we set off on our wild pig shoot in the north of Australia. Asked why he had worn them in the first [...]
Britain isn’t working… quite as hard as you might think October 14, 2012 THE glass is almost always half full for entrepreneurs. Reality is best put on the backburner when facing the trials of running a business. Hot off the press, the 2012 Hiscox DNA of an Entrepreneur study confirms that those running small and medium sized businesses in the UK, US, Netherlands and Germany are confidently facing [...]
It might be prime time to refinance October 14, 2012 HISTORICALLY low interest rates and government schemes mean that it may make sense, for some borrowers at least, to remortgage their homes. But data from the Council of Mortgage Lenders serves as a stark reminder as to how tight conditions still are. In 2011, £46.6bn worth of remortgages were taken out by borrowers in 375,000 [...]
FTSE breaks its losing streak as US jobless data provides some cheer October 11, 2012 BRITAIN’S top shares snapped a three session losing streak yesterday, led higher by gains in commodity and financial stocks as a fall in US jobless claims fuelled recovery hopes. The weekly claims figure was the lowest for four years and complemented last week’s fall in US unemployment, providing another piece of evidence that the economy [...]
Apple share drop erases market gains October 11, 2012 US stocks ended flat yesterday after gains brought by a sign of improvement in the labor market were erased in part by a drop in Apple shares after a legal setback in a court ruling. Apple fell two per cent to $628.10 after a US appeals court overturned a preliminary injunction on the sale of [...]
FTSE driven lower by collapse of BAE’s mega-merger with EADS October 10, 2012 GLOBAL growth worries prodded Britain’s top share index lower yesterday as a failed merger with a French peer hurt shares in defence and aviation firm BAE Systems. London’s blue chip index closed down 33.54 points, or 0.6 per cent, at 5,776.71 as volumes on the index remained light as whole, just 88 per cent of [...]
Chevron profit warning drags Wall St lower October 10, 2012 US stocks fell yesterday, a day after the earnings season opened with Alcoa posting a quarterly net loss and Chevron saying profits would fall sharply in its most recent period. After hitting lows in the early afternoon, stocks briefly trimmed losses after the Federal Reserve said in its Beige Book report that the economy was [...]
Jobs of the Week October 10, 2012 FX TRADING SUPPORT ADMINISTRATOR, CALIFORNIA $200k pa An FX trading support administrator is needed to work with global clients in the retail and institutional FX trading and brokerage markets. You will be keen to progress into management. http://jobs.cityam.com/job/31465 SENIOR OPERATIONAL TAX MANAGER, LONDON £80k-£100k pa A leading bank seeks a tax manager to lead advisory projects. The [...]
Facts about Coral: October 10, 2012 Coral founder Joe Coral, born Joseph Kagarlitsky, set up his first pitches at Haringay and White City greyhound tracks in 1927. It is now part of Gala Coral group, one of Europe’s largest betting and gaming businesses. Coral is the third largest retail bookmaking business in the UK with a market share of approximately 20 [...]