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 [...]
Aviva to cut jobs in fund management January 30, 2012 INSURER Aviva will shed 160 staff from its fund management business, with London suffering the bulk of the cuts, after deciding to focus its efforts on “core” operations. Around 12 per cent of Aviva Investors’ global workforce will lose their jobs during 2012 as the firm cuts niche investment products following poor demand for riskier [...]
Banks and miners hit by Greek jitters January 30, 2012 WEAKNESS in banks and commodity stocks dragged Britain’s leading share index lower yesterday as the protracted search for a Greek bond deal and concerns about economic growth kept investors nervous. The FTSE 100 index closed down 62.36 points, or 1.1 per cent, at 5,671.09, extending Friday’s falls and retreating further from Thursday’s six-month closing high. [...]
US stocks falter on worries over euro January 30, 2012 US stocks edged lower yesterday on stalled Greek debt talks, but an afternoon rally cut losses in a sign of the underlying resilience the market has shown early in the year. Major indexes had fallen more than one per cent as negotiations between the Greek government and private bondholders over the restructuring of €200bn of [...]