LONDON THE WEEK AHEAD June 17, 2012 THE world’s leaders will be watching the fallout from the Greek election today from Mexico, at the two-day G20 summit. But despite the focus on the election results this week – plus Spain’s report today on whether €100bn is enough to solve its financial woes – there is also a busy calendar for UK business [...]
THE WALL ST WEEK AHEAD June 17, 2012 IN addition to backyard barbecues and beer, this year’s Father’s Day was likely to have seen many investors with their minds on Greece. The Greek election – the vote yesterday that grabbed the attention of the world’s financial markets – is expected to create volatility in the new trading week, in particular, for US stocks, [...]
World Entrepreneur of the Year June 17, 2012 DESPITE the gloomy economic outlook in Europe, Monte Carlo was buzzing, as Ernst and Young hosted its twelfth annual World Entrepreneur of the Year award last week. No fewer than 59 entrepreneurs from 51 countries gathered to compete for the top prize in an atmosphere of unfettered optimism. This year’s country winners included Reid Hoffman, [...]
The ace of clubs: Building an innovative legacy at Home House June 17, 2012 WHEN the offer went up by yet another £1m I had to say yes. My heart was heavy though because I was proud of what we had created from scratch, against the odds. I’d also had a lot of fun. The business was the now famous London club, Home House. Eight years earlier, Brian Clivaz [...]
Four competitions for speedy growth June 17, 2012 GOOD things don’t always come to those who wait. Here are some great prizes for talented entrepreneurs looking to kick-start their start-up. Innovating for Growth (British Library) Key date: Ongoing Details: You can win a package of business advice and support worth £10,000 through th British Library. It is available free to SMEs who want [...]
The Brics start to look wobbly as emerging market growth slows June 17, 2012 AS INDIA looks set to lose its investment grade rating, are the Bric nations starting to tumble? The last ten years have seen investors flocking to the vaunted opportunities available in the markets of the Bric grouping of Brazil, Russia, India and China. Over that time, Bric indices have almost quadrupled their gains and their [...]
Is it time for investors to return their focus to the West? June 17, 2012 YES KULLY SAMRA In the aftermath of the financial crisis there is no doubt that Bric countries became a popular choice to diversify investment portfolios. However, the shockwaves from the deepening Eurozone crisis has led some emerging markets stock indices to experience sharp falls since the beginning of March, whereas US markets have remained more [...]
Spanish worry keeps FTSE low June 14, 2012 BRITISH blue chips dipped yesterday, edging down towards recent six-month lows as a surge in Spanish bond yields to record highs cast the spotlight back onto the problems in top trading partner the Eurozone. Uncertainty ahead of Greek elections at the weekend – which may decide whether the country stays in the currency or opts [...]
Central banks pledge aids US June 14, 2012 US stocks jumped yesterday following the news major central banks are preparing coordinated action if the results of Greek elections this weekend lead to turmoil in financial markets. Energy was the top-gaining S&P sector, rising 1.7 per cent, helped by a two per cent rise in US crude oil prices. Chevron was a top boost [...]
Gold mining firms push FTSE higher despite fears over Spain and Greece June 13, 2012 BRITAIN’S benchmark share index closed higher yesterday as gains in heavyweight gold-mining companies enabled the market to outperform rival European bourses, which fell on persistent worries over the Greek and Spanish debt crises. The blue-chip FTSE 100 index ended up 10.07 points, or 0.2 per cent, at 5,483.81 points. However, trading volumes remained relatively thin [...]