Consumer-related stocks to shed some light on spending June 14, 2009 RETAILERS will be very much in the spotlight again this week, with trading updates expected from the great and good of the supermarket world and retail sales data expected to shed more light on the high street picture. Tesco will get the ball rolling tomorrow when it releases its first quarter sales data, but is [...]
Picking profitable sectors is a new game, post-crunch June 14, 2009 BRITAIN is on the verge of economic recovery we heard last week, and investors’ confidence was boosted by improving data. The stock markets have been taking their cue from economics over recent weeks and further signs confirming a recovery could help lift the FTSE 100 above the current 4,500 resistance level that has proved somewhat [...]
THE TIPSTER June 14, 2009 AGGRESSIVE DISCOUNTING TO LIFT TESCOTHERE were rumours flying around the markets last week of a profit warning by Carrefour – the world’s second largest supermarket – but this side of the Channel, things in the grocery market are looking a lot rosier. Morrisons has been doing well, as has Sainsbury’s. But size does seem to [...]
See yourself as a brand to get ahead in today’s City June 10, 2009 AT a time when so many people in the City are looking for a job, the important thing is to stand out from the crowd. As a headhunter, I often help clients and candidates to market themselves. The best way to do this is to build a personal brand. But how do you do this? [...]
Heritage Oil slips as market talk fuels some profit taking June 10, 2009 THE large cap index gained nearly one per cent, or 31.96 points, higher yesterday at 4,436.75, driven by gains in mining and energy stocks, while banks rose on growing investor confidence. Mid cap Heritage Oil lost some of its recent gains, dropping nearly 11 per cent to 540p, amid profit-taking and some speculation that its [...]
US equities fall on interest-rate fears June 10, 2009 US stocks fell last night on worries that rising interest rates could put a damper on consumer and business spending, but stocks pared losses late in the session on a bond-market rebound. The market had extended losses after a 10-year Treasury note auction sparked a sell-off in bonds, pushing yields briefly above 4 per cent [...]
CAREERS CLINIC June 10, 2009 ANDREW EVANSMANAGING DIRECTOR, MORGAN MCKINLEY I lost my job as a settlements clerk within an investment bank in London back in September. I’m finding it really difficult to secure a new role in London because the market is so competitive, so what are my options? THE first thing to bear in mind is that there [...]
Defensives beat a retreat as investors hedge their bets June 9, 2009 THE FTSE 100 ended flat yesterday, with commodity stocks tracking gains in raw material prices as the dollar eased but cigarette makers and pharmaceutical companies fell. The index closed down by 0.43 points at 4,404.79 in a choppy session, after losing 1.2 per cent on Monday. The weaker dollar boosted metal prices, which in turn [...]
LEHMAN CASH PROVES HARD TO RECLAIM June 9, 2009 JAMES COILEYPARTNER, COILEY NINE months have passed since the collapse of Lehman Bothers. Yet many investors in its Special Purpose Vehicle (SPV) platforms are still waiting for their money. Disputes relating to these trades are now hitting the courts in earnest in both London and New York. The transactions are variations of “repackaging” structures. At [...]
Fears of Baltic contagion are threatening krona’s health June 9, 2009 FOLLOWING Eastern Europe’s liberalisation in the early Nineties, the three Baltic states led the way in shifting towards an open market economy. They experienced stronger growth rates, lower unemployment and were more successful in bringing down inflation to manageable levels compared to the Central and Eastern Europe (CEE) countries. All three managed to peg their [...]