Energy shares help Wall St close higher May 25, 2011 US stocks ended a three-day losing streak yesterday as recent underperformers led a thinly traded rally that wasn’t seen as strong enough to overcome worries about waning global demand. The S&P 500 hit its lowest intraday level since 19 April on Tuesday, and recent weak breadth suggested selling had gone too far for now. Energy [...]
Top tips for keeping the taxman out of your pocket May 25, 2011 BASED upon the latest government forecasts, the Adam Smith Institute is predicting Tax Freedom Day – the notional day when you stop working for the taxman and start filling your own coffers – will fall on Monday, making it three days later than last year. Fidelity International has translated this into the fact that basic [...]
How a career coach can take you that extra mile May 25, 2011 NOBODY thinks twice about sportsmen having coaches. Why shouldn’t business people do the same? They’re expected to be high-performers too,” says Olympic silver medallist Roger Black, who set a national sprinting record in 1996. Fellow Olympian and world record-breaker Steve Backley agrees: “A businessman has the same goals, they want a long sustainable career too.” [...]
FACING UP TO THE FEAR OF FAILURE May 25, 2011 AUTHOR ASK what was holding me back and I can tell you immediately: fear. Fear of failure, in fact. This self-fulfilling mental condition is a disaster for too many careers. I wrote What’s Stopping You? out of frustration with this and the self-help universe. I saw a disconnect between what the psychologists stated were our [...]
CAREERS NEWS | IN BRIEF May 25, 2011 CITY WORKERS TO EARN MORE THIS YEAR Financial services professionals expect to earn an extra £4,900 this year, costing their employers an extra £3.1bn. According to research from financial services recruiter Marks Sattin, professionals in the sector expect a 13.5 per cent salary increase in 2011, supplementing an 8 per cent increase last year. In [...]
FTSE rallys on commodities but Eurozone doubts linger May 24, 2011 BRITAIN’S top shares rose yesterday as rallying commodity stocks helped the index recover some of its poise, but the advance may be short-lived as investors find themselves hemmed in by Eurozone debt concerns. The FTSE 100 closed up 22.52 points or 0.4 per cent at 5,858.41, having hit a two-month closing low on Monday after [...]
Manufacturing dip affects US shares May 24, 2011 US stocks dipped in light volume yesterday as lingering concerns about a slowdown in growth more than offset gains in energy shares. Investors kept trimming large-cap technology positions, pushing the tech-heavy Nasdaq Composite lower. The S&P energy sector index rose 1.3 per cent, while its industrials index slipped 0.6 per cent, sending the market down [...]
Forex traders can get a free education if they go online May 24, 2011 THERE is no shortage of online information for forex traders, whether through newswires, providers, dedicated websites, blogs or Twitter. Our favourite, of course, is cityam.com, which you should all visit. Here are some others. WORD ON THE FX STREET Kathleen Brooks of Forex.com says “the Reuters market reports along with FX Street and the Bloomberg [...]
THE PROBLEM WITH THE EURO IS IN THE CORE May 24, 2011 AS CURRENCY markets opened this week in Asia, euro-dollar traders were already on edge, after the Socialists lost badly in Spain and Standard & Poor’s (S&P) downgraded Italy’s sovereign debt. In a report published over the weekend, the ratings agency affirmed Italy’s A+ long-term rating and its top-ranked A-1+ short-term rating but lowered the credit [...]
THE TIPSTER May 24, 2011 A SURPRISE shortfall in tax receipts and news that the Chinese downgraded UK sovereign debt took the shine off sterling in yesterday’s trade, but there’s little reason to be cheering the euro now, either. Eurozone debt concerns remain high and even the release of some marginally better than expected economic readings from Germany isn’t going [...]