THE WEEK AHEAD in association with GFT June 26, 2011 COMPANIES ● Today, Ocado releases its half-year results. Its share price suffered last week on the back of JP Morgan Cazenove cutting its rating and the news that Waitrose is gearing up to compete with it directly in London. ● Tomorrow, Daisy will deliver its preliminary earnings release. The company sells internet and telecommunications services. [...]
THE TIPSTER June 26, 2011 THE UK retail sector is having a torrid time (see page 1) and Habitat’s move into administration at the end of last week was a major blow. The brand was huge in the 1980s, but the advent of companies such as IKEA really heaped on the pressure. It has therefore been a surprise for some [...]
Meet the IT man behind JK Rowling’s Pottermore June 26, 2011 JK ROWLING hit the headlines last week when she scuppered Apple and Amazon by taking her books into the digital world on her own online platform. Her entrepreneurial endeavour, however, was built by another rather entrepreneurial endeavour: a digital agency called Think. Think has only existed for eight years. It has travelled all the way [...]
HOW TO MAKE OUR CHILDREN ENTREPRENEURS June 26, 2011 I BELIEVE we must encourage a new attitude that will prepare young people for success in the 21st century. Today, one in five young people in Britain is out of work. Competition for jobs is fierce and employment is a greater challenge than it has been for generations. I see enormous potential in Britain’s young [...]
ENTREPRENEURS NEWS | IN BRIEF June 26, 2011 FSB CALLS FOR IMPROVED EU LAW The Federation of Small Businesses (FSB) is calling on the government to support plans for a Europe-wide law that small firms can use when drawing up contracts within the EU. According to the FSB, the government’s hopes for an export-led recovery will falter unless it changes its contradictory position [...]
FTSE tumbles to three-month closing low on energy worries June 23, 2011 MINERS and energy stocks were the worst hit members of Britain’s sharply lower FTSE 100 index yesterday, hit by heightened fears of a slowdown in global growth. The FTSE 100 ended down 98.61 points, or 1.7 per cent, at 5,674.38, its lowest close since 16 March when markets were plunging in the immediate aftermath of [...]
Greece’s austerity deal lifts Wall St June 23, 2011 US stocks closed way off session lows yesterday on news Greece agreed to a five-year austerity plan, but lingering economic uncertainty ultimately drove indexes mostly lower, keeping a downward trend in place. The Nasdaq wiped out all its losses, ending the session higher and back in the black for the year. The news out of [...]
Banks drop but FTSE treads water ahead of Fed decision June 22, 2011 BRITAIN’S top share index closed marginally lower yesterday, as weakness in banks offset gains in defensive stocks with investors jostling positions ahead of a US interest rate decision. London’s blue chip index bobbed around but closed down 2.32 points at 5,772.99, as cautious investors awaited the Federal Reserve’s assessment of the economy and any plans [...]
Shares dip on lack of QE3 suggestion June 22, 2011 US stocks dropped yesterday after the Federal Reserve acknowledged the sluggish pace of the US economic recovery without hinting at further plans for stimulus. The Fed said the recovery was proceeding more slowly than it had expected. In his news conference, Fed chairman Ben Bernanke offered nothing to motivate investors to buy equities. Without new [...]
Mr ETF gives a bullish view as he looks at global growth June 22, 2011 THERE has been a global boom in exchange-traded funds (ETF) over the last fourteen years. But according to Jim Ross, global head of ETFs at State Street Global Advisors, there is still a lot more room for growth. Having launched the first ever ETF with State Street on 22 January 1993 – the SPDR S&P [...]
