Stress test relief to provide a lift to markets on open July 17, 2011 AND the winner is…” direction for stocks this morning will be driven by the results of the European bank stress tests, which were released at 5pm on Friday, after European stock markets closed. A grand total of eight banks failed the tests, but that number was well below the worst fears of some analysts who [...]
THE WEEK AHEAD in association with GFT July 17, 2011 COMPANIES ● Today, Iceland Foods announces. Investors will hope it doesn’t get frosty results after news that Morrison may bid for some of its individual stores. ● IG reports tomorrow. The spread betting provider could soon be in the FTSE 100. ● On Thursday, the business process outsourcing company Capita will announce. It has been [...]
Meet the man behind the wheel at Addison Lee July 17, 2011 RECESSIONS are colonic irrigation for the economy,” John Griffin tells me, “all the crap gets washed out.” He smirks at me. “When things started going down the pan, I employed more staff. 150 drivers, 35 in the central office. I put my foot to the floor because everyone else started scaling back.” Griffin is a [...]
ENTREPRENEURS NEED A GOOD START-UP STORY July 17, 2011 THE creation of new firms is the single most important part of the economic drama,” says Carl Schramm, the chief executive of the Kauffman Foundation, the world’s largest private foundation devoted to encouraging entrepreneurship. He was speaking about the challenges facing the world’s entrepreneurs. While the whole speech was fascinating, that statement really stood out. [...]
ENTREPRENEURS NEWS | IN BRIEF July 17, 2011 SMES ARE NOT TAKING DATA LAWS SERIOUSLY Half of small firms in the UK still believe that the loss or theft of data from their organisation would have no impact on their business, according to new research commissioned by Shred-it, a document destruction company. The survey among 1,000 UK businesses, undertaken by Ipsos, found that [...]
Commodity falls and fears for stress tests see FTSE decline July 14, 2011 FALLS among commodity issues sapped the strength of Britain’s top share index yesterday, as worries over global growth clouded the demand outlook for metals and oils. At the close, the FTSE 100 index was down 59.48 points, or one per cent at 5,846.95, reversing all and more of the previous session’s 0.6 per cent rally. [...]
Wall St sags on new Bernanke talk July 14, 2011 US STOCKS fell yesterday as new comments from the Federal Reserve chairman dashed investors’ hopes for the chance of further stimulus and tech shares pushed the Nasdaq down one per cent. During a second day of testimony about the economy, Fed Chairman Ben Bernanke reiterated that the US central bank would be ready to inject [...]
Commodities boost FTSE rise as China data elevates miners July 13, 2011 BRITAIN’S FTSE 100 bounced yesterday, led by commodity stocks as economic data from China and soothing words from the US Federal Reserve raised hopes that stagnation in the global economic recovery might prove short-lived. Having fallen near five per cent over the previous three days, the mining sector rallied 1.8 per cent after China’s GDP [...]
Hints at QE3 cause mixed reactions July 13, 2011 US stocks stopped a three-day slide, but ended well off the highs yesterday as investors took the suggestion of further Federal Reserve stimulus as a mixed blessing. The three major US stock indexes rose more than one percent at their peaks after Fed Chairman Ben Bernanke suggested the Fed would consider additional measures to support [...]
Unleashing a new breed of value funds July 13, 2011 THE Retail Distribution Review (RDR) will help transform the financial services industry. This transformation will give investors the choice, advice and service they deserve at much better value. The overall cost of investing is likely to fall as a result of RDR. Indeed, we have already started to see significant changes in how much it [...]
