City law firms’ moves show a new prudence in the Square Mile August 17, 2010 THE Heron Tower building is probably the most prestigious new location in the City, and a few weeks ago a law firm became the first to rent space in it. American firm McDermott Will & Emery will leave its current home – the rather traditional sounding 7 Threadneedle Street – in about a year’s time [...]
EU’s Google verdict may not quash complaints August 17, 2010 LEWIS SILKIN FOR most businesses, it is vital that prospective customers can find them on the internet. And the “ranking” that a business can achieve in search engine results – how high up it is on a search page – is a big part of that. Recognising this, a number of years ago search engines [...]
FTSE remains flat as takeover moves are offset by weak Japanese survey August 16, 2010 BRITAIN’S top shares closed flat yesterday as concerns over economic recovery after weak data from Japan offset firmer miners, led up by Vedanta Resources which made its play for a controlling stake in Cairn India. The FTSE 100 ended up 0.66 points at 5,276.10, having closed up 0.2 per cent on Friday. “Investors continue to [...]
Education stocks suffer as weak data spooks traders August 16, 2010 INVESTORS found little reason to buy stocks yesterday as the Dow and S&P 500 ended barely changed, suggesting that even several days of losses have not convinced institutions share prices are attractive. A smattering of strength in technology shares boosted the Nasdaq modestly, but just 5.812bn shares traded on the combined NYSE Arca, Nasdaq and [...]
Take off in the blue with aviation equity growth August 16, 2010 WITH tour operators struggling, strikes looming and the spectre of wildcard events like May’s volcanic ash cloud, contracts for difference (CFD) traders might be justifiably nervous about the aviation industry. But this caution flies in the face of the figures: globally, the sector is growing at a healthy pace and even the major European carriers [...]
SUMMER FALL MAY SET TONE FOR AUTUMN August 16, 2010 CFD MARKET STRATEGIST, GFT When I set off on holiday two weeks ago, equities were soaring. The S&P was threatening to burst through the top end of a significant band of resistance between 1,124 and 1,130. This is an area defined by the 50 per cent retracement of the fall from the October 2007 high [...]
Weak economy and strong yen offer Nikkei no summer respite August 16, 2010 IT HAS been a tough 2010 for the Japanese stock market, which is already down some 13 per cent so far this year. Its export-oriented companies have suffered from a toxic mix of a surprisingly strong yen, lacklustre consumption in the West and now depressed domestic demand as well. Consequently, Japanese GDP growth between April [...]
THE TIPSTER August 16, 2010 As recent demand for both sterling and the euro wanes while economic uncertainty persists, buyers are taking advantage of the recent falls in the dollar and loading up on greenbacks. This has started to push up the US dollar trade-weighted index. ETX Capital is currently quoting 8241-8249 for the September dollar index. It has been [...]
Tour operators may see their bad luck end August 15, 2010 FIRST there is a global recession and rising unemployment to put people off booking a holiday, then, just when it looks like the economy has turned a corner, a giant volcanic ash cloud drifts from Iceland and disrupts flights for more than two weeks. UK tour operators have had a dismal 2010 and the extent [...]
Dax fortunes depend on the East August 15, 2010 WITH data for German GDP growth of 2.2 per cent smashing expectations of 0.6 per cent on Friday, traders are wondering whether any of this second quarter growth spurt can be retained – and what it means for equities indices. Despite this good news, the Dax actually fell from over 6,160 to under 6,080 after [...]
