THE TIPSTER June 20, 2010 NEWS of the BSkyB takeover bid has helped to push the firm’s share price up this week to 699p. Analysts predict that following the rejection of its low-ball attempt, Rupert Murdoch’s News Corp may be prepared to make a bid of up to £8 per share to acquire the remaining 61 per cent of the [...]
SPREAD BET GURU June 20, 2010 TECHNICAL ANALYST Q. Dear Sandy, what is technical analysis and can it help me in the current market environment? A. Firstly, technical analysis is not about predicting what the market is going to do next. Instead, it is more about looking at past price movements and patterns to help one make a forecast on what [...]
Yuan un-pegging to lift markets before Budget June 20, 2010 News at the weekend that China is to ease the yuan’s peg to the US dollar will be a boost to stock markets everywhere this morning, in the expectation that the move would prove a major lift to exporters. FTSE SET TO OPEN HIGHER GFT is forecasting the UK’s FTSE 100 to open up 35 [...]
Seventh straight rise for FTSE 100 as BP bounces on US compensation deal June 17, 2010 BRITAIN’S top share index rose for the seventh consecutive day yesterday, led by BP after its compensation deal with the White House, but gains were held in check by weak US jobs data hitting commodity-linked stocks. The FTSE 100 was up 15.97 points, or 0.3 per cent, at 5,253.89, to close at its highest since [...]
Wall St enjoys late rally despite weak jobs data June 17, 2010 US stocks rose in a late rally yesterday, overcoming weak economic data that added to worries about a fragile recovery. A spurt of buying momentum in a choppy session drove gains as US equities built on a break in the benchmark S&P 500 index above its 200-day moving average earlier this week. The Dow Jones [...]
The able and shrewd operator June 17, 2010 FOR most entrepreneurs, the passion they feel for their first venture never gets extinguished. Take Robin Bowie: he established Dexion Capital, an investment management firm, back in 2000 and remains as committed today as he did back then. “I still spend the same amount of time at the office as I did in the beginning, but [...]
Budget fears focus on CGT and NI burden June 17, 2010 ENTREPRENEURS will be holding their breath as the new Chancellor delivers his first budget next week. Changes to capital gains tax (CGT), Vat and National Insurance are top concerns. On a positive note, some commentators believe that entrepreneurs have nothing to worry about. Alex Henderson, tax partner at PricewaterhouseCoopers, says that he is anticipating: “An [...]
ANGELS June 17, 2010 Q.My small business needs financing – how do I find an angel investor and what kind of businesses do they fund? A. With so much uncertainty lingering in the markets, it is a difficult time to find investment. But since last summer, activity has picked up among angel investors – wealthy individuals who invest in [...]
Protect your descendants from the axe of the taxman June 17, 2010 AHEAD of the general election, there was plenty of chatter about the Conservatives’ pledge to raise the inheritance tax (IHT) threshold to £1m. But the importance of appeasing the Liberal Democrats has superseded the need to appeal to the Tory heartland. The threshold is expected to remain at £325,000 for an individual and £650,000 for [...]
PERSONAL FINANCE NEWS June 17, 2010 £900M SPENT ON OVERSEAS CARD FEES Holidaymakers are wasting almost £900m in credit and debit card charges every year by using these cards abroad. Research by FairFX.com showed that 56 per cent of travellers don’t know what charges they incur by using their credit or debit card in an ATM abroad. Charges average 2.75 per [...]
