Reduced real income will hit retail October 24, 2010 RETAIL sales fell in September for the second month in a row. Real incomes are suffering and consumer confidence is weak. Some are questioning whether Apple’s disappointing iPad sales figures last week are a sign of things to come. So should spread betters take the hint and shun the sector? Demand certainly looks like it [...]
THE TIPSTER October 24, 2010 FOR the last month and a half the euro has strengthened against the dollar, topping out at $1.4156. It might now be due to have a retracement before mounting another charge higher. WorldSpreads offer a zero spread for platinum holders on euro-dollar. The dollar has been dropping against the yen over the past few weeks. [...]
TECHNICAL ANALYSIS GURU October 24, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Is this stock market rally for real? A. With the recent rally in the stock markets, many traders and investors have questioned whether it can continue. It seems that every time we see the market edge higher, the thought of a major decline is at the back of our minds. [...]
FTSE 100 hits six-month high on US and European results October 21, 2010 Britain’s leading shares surged to a six-month closing high yesterday, led by miners, as UK investors were buoyed by strong earnings in the US and Europe, but TUI Travel fell after reporting accounting errors. Europe’s largest travel firm TUI Travel slumped more than 11 per cent after it revealed its finance chief would quit and [...]
Wall Street edges up after turbulenceTHE NEW YORK REPORT October 21, 2010 Wall Street inched higher in a volatile session yesterday, torn between strong corporate earnings and a surge in the US dollar. The Dow Jones Industrial Average gained 38.60 points, or 0.35 per cent, to 11,146.57. The Standard & Poor’s 500 Index gained 2.09 points, or 0.18 per cent, to 1,180.26. The Nasdaq Composite Index gained [...]
When unusual dinners turn into business ideas October 21, 2010 WHO on earth is born with Mexican restaurant chain abilities in their DNA?” asks Eric Partaker. He and Dan Houghton decided to make it part of theirs when they launched the Mexican restaurant chain Chilango. Neither are Mexican or had run a restaurant before. But they found they made a good team when working at [...]
THE WORLD NEEDS MORE INNOVATION October 21, 2010 CAN you have too much innovation? You might be forgiven for thinking that you can, given that the financial meltdown was caused, in large part, by overenthusiasm for financial innovations such as collateralised debt obligations and credit-default swaps. Paul Volcker, the former chairman of the Federal Reserve, says he thinks the greatest financial innovation of [...]
Keep control of your car insurance October 21, 2010 CAR insurers have hit drivers with the biggest annual price hike on record, and premiums are expected to continue rising into 2011. The cost of annual comprehensive car insurance soared 39.3 per cent in the 12 months to the end of September – the biggest annual jump recorded since the benchmark AA British Insurance Premium [...]
Keep control of your car insurance October 21, 2010 CAR insurers have hit drivers with the biggest annual price hike on record, and premiums are expected to continue rising into 2011. The cost of annual comprehensive car insurance soared 39.3 per cent in the 12 months to the end of September – the biggest annual jump recorded since the benchmark AA British Insurance Premium [...]
Expat expert:?the power of local knowledge October 21, 2010 GLOBALISATION, coupled with the modernisation of transportation networks and technology has brought a new level of choice and flexibility to individuals in terms of relocation. The UK remains extremely popular with those looking to experience life abroad with great cities and premier business and finance centres alongside great transport links into Europe and across the [...]
