Markets awaiting USdata September 27, 2009 There could be an eerie sense of trepidation about the markets this week as tomorrow brings us the first anniversary of the Dow’s biggest ever one-day points loss of 777 points, triggered by the failure of the financial bailout bill in the House of Representatives. Wall Street ended last week with its biggest weekly drop [...]
THE TIPSTER ALL EYES ON GDP FIGURES THIS WEEK September 27, 2009 A LOT of bullish confidence is riding on the expectation that the UK will exit recession in the third quarter and so investors will be keenly interested in the final second quarter GDP figures for the UK, which are released tomorrow. Cable (sterling-dollar) could move on the back of any surprises and the pair has [...]
THE LONDON REPORT September 27, 2009 After the recent mixed performance from the High St, all eyes will be on Marks & Spencer on Wednesday as it reports its second-quarter sales. The company’s shares have added 16 per cent over the past three months, and a less-than-positive update could lead to a bit of profit taking on the day. Societe Generale [...]
Excess supply and low demand mean that crude oil could touch a low of $58 September 27, 2009 SEPTEMBER has been a good month for major oil exploration and production companies, with a number of giants such as BP and Tullow striking black gold in recent weeks, sending their share prices soaring. BP’s share price rose more than 4 per cent following the announcement, while Tullow saw a similar gain. But while the [...]
Brown and out in Brighton, but the bets are still on September 27, 2009 WITH the prime minister Gordon Brown being asked on television yesterday whether he is on “pills” on the day the Labour Party conference began, the pressure is mounting on the PM. Although he doesn’t have too many close friends at the moment (except Peter Mandelson, naturally) the chances that he will stand down before the [...]
OCTOBER WILL SET OUTLOOK FOR RECOVERY September 27, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COM ONE year on from the eye of the financial storm, the sense of crisis has abated. The majority of economic data since the second quarter has been far better than most economists would have thought possible in the spring. That said, many warning signs remain and the world cannot shrug [...]
NEW YORK REPORT September 24, 2009 US STOCKS fell yesterday as signs of weakness in housing and investors’ worries that authorities might be curbing stimulus efforts too soon sparked caution. World central banks said they would scale back infusions of US dollars into their banking systems, fueling unease triggered a day earlier when stocks sold off following the US Federal Reserve’s [...]
THE LONDON REPORT September 24, 2009 BRITAIN’S leading share index lost 1.2 per cent yesterday as a weak US housing report and cautious comments from the Bank of England governor raised investor concern over the pace of economic recovery. At the close, the FTSE 100 was 60.10 points lower at 5,079.27, finishing below the 5,100 level for the first time in [...]
CAREERS CLINIC September 23, 2009 DR LYNDA GRATTONLONDON BUSINESS SCHOOL I’m a manager in a struggling private equity division. Morale is low, and I’m losing confidence in my abilities to motivate the team and make decisions. How can I lead more effectively? YOU’RE in a very common situation in the City at the moment, with small teams of highly-paid and [...]
Good soft skills are key to turning grads into good employees September 23, 2009 IN India right now, a British training firm called Speak First is running a series of “finishing schools” to improve Indian graduates’ soft business skills and increase their chances of gaining employment. The schools address the fact that the academic and intellectual excellence of many Indian graduates is not matched by abilities in areas like [...]