Wall St sees gains for the fourth day January 12, 2012 THE S&P 500 closed at a five-month high for the third day on yesterday but had difficulty extending gains in the face of lackluster economic data and another European bond market test. Energy shares curbed gains after Chevron, the second-largest US oil company, said fourth-quarter profit would be far below the previous quarter. Chevron slid [...]
Oil majors lead the FTSE 100 lower as investors avoid risk January 11, 2012 BRITAIN’S blue-chip FTSE 100 closed lower yesterday after bouncing once again off an important technical resistance level, led by heavyweight energy stocks on a fresh bout of Eurozone debt-inspired risk aversion. The index traded in a fairly tight range for the early part of the session, rising to test 5,700 before bearish comments from a [...]
US stocks hold up despite euro woes January 11, 2012 US STOCKS held firm near recent five-month highs yesterday as investors awaited key bond market tests for Europe in the next two days that could determine the direction of the Eurozone crisis. US equities have been performing better in the face of turmoil from Europe’s sovereign debt problems. This is a major change from four [...]
How to keep moving on up January 11, 2012 FOUNDING DIRECTOR, INTEREXEC CONTRARY to popular belief, there is very little wrong with the senior executive recruitment market at the moment. By senior executive, I mean salaries over the £150,000 mark. The dark shadows cast by the current economic climate are mainly affecting employees on the lower rungs of the career ladder – the higher [...]
Wall Street rises on earnings relief January 10, 2012 STOCKS climbed to a five-month high yesterday, led by materials companies after an upbeat forecast by aluminum company Alcoa and strong gains in bank shares. Alcoa posted revenue that topped expectations late Monday and gave a bullish outlook for the aluminium industry. The stock gave up early gains to end at $9.44, up 1 cent. [...]
Commodities spur FTSE 100 gains as banks bounce bank January 10, 2012 COMMODITY stocks led the FTSE 100 top share index higher yesterday, after Alcoa kicked off the US earnings season with an upbeat outlook and data from China lifted sentiment, while retailers rallied after some encouraging updates. London’s blue chip index rose 84.44 points, or 1.5 per cent to 5,696.70, making up for the 1.5 pe [...]
Keeping venues and the brand safe in 2012: A blend of risk and reward January 10, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 198 DAYS TO GO Mark Hamilton gives an insight into G4S’s decision to become the official security provider to the Games Q. What was your brand’s primary reason for being involved with the Games? A. As the world’s largest international security solutions provider, and as we’re based in [...]
Testing time for franc after Hildebrand quits January 10, 2012 MANY market watchers are questioning whether the eventual successor to Philipp Hildebrand will continue where he left off – aggressively defending the Swiss franc – or whether this will be used as an opportunity to allow the SFr1.200 floor put in place in September to expire. The supervisory council of the Swiss National Bank (SNB) [...]
WHY EURO IS NOT ABOUT TO FALL JUST YET January 10, 2012 ITALIAN yields on benchmark 10-year bonds are once again above 7 per cent and Ireland may be the new sovereign debt hot spot in the Eurozone – Citibank economist and former BoE member William Butler suggests that the Emerald Isle is need of a second bailout. Yet, despite the turmoil, euro-dollar has rallied as the [...]
The man gunning for Sky in the battle to be king of the movies January 9, 2012 IT’S a brave man who takes on BSkyB. The UK’s undisputed champion of subscription TV continues to go from strength to strength, seemingly impervious to the problems facing its biggest shareholder. But there is a new kid in town who wants to muscle in on the action. Netflix launched its video streaming service in the [...]