Wall St rises on hopes of action to save euro July 26, 2012 US stocks rode a wave of hope inspired by comments from European Central Bank President Mario Draghi yesterday, ignoring mixed corporate results to focus on the strongest signal yet of the ECB’s intentions to protect the Eurozone. Draghi hinted the ECB would target high sovereign bond yields, a measure the ECB has been reluctant to [...]
One man’s fund and Games July 26, 2012 WHEN Jessica Ennis skips down from the podium next weekend, clutching her gleaming new heptathlon gold medal and wiping a tear of joy from her eye, don’t be surprised to see her reach for her phone – she’ll probably be texting Barrie Wells to say thanks. Wells is the Merseyside self-made millionaire who has personally [...]
FTSE ends flat as patchy earnings steal focus away from Eurozone July 25, 2012 BRITAIN’S top share index steadied yesterday, pausing after three days of falls thanks to a mixed batch of corporate results that pitted a weak showing in Europe for GlaxoSmithKline and BT against a sterling performance for chipmaker Arm. The international backdrop also offered conflicting signals, with weak US data on the one hand and growing [...]
Rare miss by Apple pushes Nasdaq lower July 25, 2012 THE S&P 500 fell for a fourth day and the Nasdaq dropped yesterday after a rare earnings stumble from Apple, while strong results from Boeing and Caterpillar lifted the Dow. Apple, the most valuable US company by market capitalisation, reported sales late on Tuesday that fell short of Wall Street’s expectations as the European economy [...]
FTSE tumbles below 5,500 mark as Spain edges closer to a full bailout July 24, 2012 BRITAIN’S top share index closed back below 5,500 for the first time this month yesterday, with financials among the worst off on Eurozone debt exposure fears as Spain looked to be nearing a full sovereign bailout. Spain paid the second highest yield on short-term debt since the birth of the euro at an auction yesterday, [...]
Worrying stats help pull Wall Street lower July 24, 2012 WALL Street stocks fell yesterday, hit by signs the Eurozone crisis is worsening and evidence that Europe’s slowdown is hurting US companies, including bellwether UPS. The decline was the third straight for the S&P 500 index, which tested its 50-day moving average, a technical support level that could trigger more selling if convincingly broken. United [...]
EDF Energy is whipping up a storm of innovation for electric vehicles July 24, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 2 DAYS TO GO London’s charge point upgrade will be a lasting legacy THE atmosphere will be electric when the world’s greatest athletes compete at London’s Olympic Games over the coming weeks. But the power needed to stage the greatest show on earth has to come from somewhere, [...]
An energetic tool to help manage business ambitions July 24, 2012 THE word legacy is somewhat overused. But Visi – the real-time energy monitoring technology, installed by EDF Energy at sports venues across the Olympic Park – has a business case that reaches beyond the Games. Visi (see screenshot right) helps energy managers understand and reduce electricity consumption. It will remain at the Olympic Stadium, Aquatics [...]
FTSE plummets into red territory for 2012 as Europe worries return July 23, 2012 BRITAIN’S top share index plunged yesterday to its lowest level in three weeks and fell back into the red for the year as fresh Eurozone worries hit banks across the continent, while technical charts pointed to further weakness over the summer. Eurozone concerns focused on Spain, whose ten-year sovereign bond yields spiked to more than [...]
Stocks suffer from euro fear on Wall Street July 23, 2012 US STOCKS fell for a second straight session yesterday, as Spain appeared closer to needing a national bailout and poor corporate results weighed on the market. Weak results from McDonald’s added to the cautious tone on Wall Street. Materials stocks were among the day’s weakest, hurt by across-the-board declines in commodities prices. Still, stocks ended [...]