Investors wait for key US jobs report February 2, 2012 INVESTORS largely took a wait-and-see approach yesterday as US stocks ended little changed ahead of today’s key employment report, but tech shares rose after strong earnings from chipmaker Qualcomm. Recent economic data suggesting the economy is on a slow but steady path to recovery has helped fuel a rally in stocks. Today’s nonfarm payrolls report, [...]
Bankers beating the bonus time blues February 2, 2012 CHIEF OPERATING OFFICER, ASTBURY MARSDEN WITH investment banks coming under increasing pressure from the government and City shareholders to cut or even cancel staff bonuses, what effect will this have on resignations during this year’s bonus season? The intense and acrimonious debate around Stephen Hester’s bonus shows that the subject is still far from closed. [...]
The four pillars of a successful job hunt February 2, 2012 CHIEF EXECUTIVE, QUARTIC TRAINING HOW far do you need to go to get that job? It won’t be news to you if we report that the jobs market in finance is pretty tough at the moment. But with hundreds of applicants for each position, how do you maximise your chances? FRESHEN UP YOUR CV Your [...]
Strong earnings and Greek hopes cause FTSE to jump February 1, 2012 BULLISH company earnings reports and the prospect of Greece nearing a debt deal helped lift Britain’s FTSE 100 higher yesterday, while robust manufacturing data from China, the US and Europe boosted appetite for the mining sector. London’s blue chip index rose 109.11 points, or 1.9 per cent to 5,790.72. The index closed below 5,800, where [...]
US stocks extend gains on good data February 1, 2012 US stocks extended January’s rally yesterday after upbeat global manufacturing data boosted sentiment and as Greece neared a long-delayed deal with private creditors. The recent run of better-than-expected economic data around the world, though still not suggesting a booming expansion, has helped lift equity markets as investors move away from a worst-case scenario for the [...]
FTSE ends best month since October as oil provides boost January 31, 2012 BRITAIN’S top share index got a boost from strong corporate results, higher oil prices and improved risk appetite yesterday, enabling it to post its best performance in three months in January. After a gloomy 2011 – when the FTSE100 lost 5.6 per cent – the new year has heralded a cautious return to risk, with [...]
Wall Street pauses after good January January 31, 2012 WALL Street closed its best month since October on a flat note yesterday as disappointing economic reports surprised investors after a stream of positive data in recent months. Stocks have rallied sharply since late last year, partly on hopes the US economy will dodge the effects of a recession in Europe. But data tested that [...]
The Games are the starting gun for race to transform British innovation January 31, 2012 Cisco has a growth plan for the UK, and Neil Crockett reveals why the Olympics is the perfect catalyst Q.What WAS YOUR BRAND’S PRIMARY REASON FOR BEING Involved with the games? A.It’s the first time worldwide that Cisco’s ever been involved in anything like this as a sponsor. We’ve been a supplier: we supplied to [...]
Smashing through the floor: traders test the Swissie peg January 31, 2012 IN SEPTEMBER last year, the Swiss National Bank (SNB) intervened in the euro-Swiss franc in an attempt to cool the overheating of the franc. At the time of the move to put a floor under the euro-Swiss franc exchange rate at SFr1.2000, the then-SNB chairman Philipp Hildebrand announced that the central bank was prepared to [...]
THE TIPSTER January 31, 2012 IT SEEMS sterling-dollar may give itself enough cable to hang itself at the $1.5780/90 level again – an area where it has met resistance several times over the past 12 weeks. Sterling has also seen around 10 consecutive days of gains against the greenback. Should the resistance level break convincingly to the upside then the [...]