Regulatory hurdles for the UK financial sector to consider June 27, 2012 THE Olympics Delivery Authority (ODA) predicts 20m trips by spectators during London 2012, including some 3m on the busiest day. The resulting inevitable transport chaos is prompting businesses and employees to look closely at how best to keep operating efficiently, in particular working from home. Many financial services sector staff work in Docklands and the [...]
FTSE slides on banking shares and scepticism over EU leaders’ summit June 26, 2012 BRITAIN’S top shares dipped into negative territory in a lacklustre session yesterday, hampered by banking stocks, with market movements likely to remain muted ahead of a summit of European leaders later in the week. While a two-day summit in Brussels on 28-29 June was very much the market focus, traders pointed to an element of [...]
US stocks rise after upbeat property data June 26, 2012 MAJOR US stock indexes bounced back yesterday, but trading was light with the outlook clouded by doubts before yet another summit to tackle the European debt crisis. US stocks partly recovered from losses of more than one per cent on Monday, led by housing shares after stronger-than-expected data on home prices. The consumer discretionary sector [...]
Extreme tech: Atos sees Olympics exposure as a real-time showcase June 26, 2012 COUNTDOWN TO THE LONDON2012 OLYMPIC GAMES 30 DAYS TO GO Q What’s your brand’s primary reason for being involved with the Games? A We’ve been involved since Barcelona in 1992. We became a worldwide IT partner in 2001, and we’re committed through to Rio in 2016. There’s two reasons why it works. I think the [...]
Commodity shares and banks pull FTSE below important 5,500 mark June 25, 2012 WEAKNESS in commodity stocks and banks pulled Britain’s top shares lower yesterday, extending last week’s drop as investor appetite for riskier assets was curbed by global growth and Eurozone debt worries ahead of a summit of European leaders. The FTSE 100 index was down 25.73 points, or 0.5 per cent, at 5,487.96, dropping back though [...]
US stocks drop on pessimism over EU talks June 25, 2012 US stocks fell sharply yesterday, putting the S&P 500 near break-even for June so far, as investors saw little reason to be optimistic about a European Union summit this week. Markets remain sensitive to European headlines as the region’s spiraling debt crisis could wreak further havoc on a slowing global economy. Financial and energy stocks [...]
The gold market only has eyes for Bernanke June 25, 2012 GOLD traders have been accustomed to being swept off their feet with big, bold moves from the yellow metal. But they have been left bemoaning the lack of thrills of late, as gold continues to struggle to break to the upside. Yesterday, the gold price held above $1,570 – but this is a long way [...]
The cup may overflow at Greene King June 25, 2012 INVESTORS will be hoping that final results from Greene King will allow them to raise a glass in celebration, with the company building on good figures for the fourth quarter. Sales at this particular publican have outstripped rivals, which could mean that some special figures are brewing. IG Index quotes 529p-532p for Greene King. The [...]
LOWER OIL PRICES LIKELY TO REMAIN AS GROWTH SLOWS June 25, 2012 SENIOR MARKET STRATEGIST, GFT LAST week, Brent crude oil traded below $88.50 – a level last seen in November 2010. Back then, crude was in the early stages of a rally which would take it above $126 four months later. The rally was driven, to a great extent, by the US Federal Reserve’s second round [...]
Pace your way to trading profits June 25, 2012 WHEN it comes to your daily trading, how often should you be dipping into the markets? The temptation is often there, especially in volatile markets, to jump on any and every move that comes along. The common pitfall is to think that more trades mean more opportunities to profit, and that you don’t want to [...]