Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Ash cloud dispersal boosts aerospace stocks while Tories spur defence firms May 12, 2010 AEROSPACE and defence stocks helped drive Britain’s top share index higher yesterday with investors relieved over the formation of a new British government. The FTSE 100 index closed up 49.24 points, or 0.9 per cent, at 5,383.45, having fallen one per cent on Tuesday. Rolls Royce, Cobham and BAE Systems helped boost the blue chips, [...]
Tech and industrial shares tick up on earnings hopes May 12, 2010 US stocks capped their best three-day run in 10 months yesterday boosted by technology and industrial shares, after Spain unveiled an austerity plan that reassured investors Europe was addressing its fiscal ills. Spain said it will slash civil service pay and cut public-sector jobs, just a few days after EU finance ministers approved a €750bn [...]
FTSE falls on uncertainty over Greek debt, government and Chinese inflation May 11, 2010 BRITAIN’S top share index fell yesterday as concerns over the Eurozone’s rescue package, monetary tightening in China and political uncertainty in the UK hit investor sentiment. The FTSE 100 index closed down 53.21 points, or 1 per cent, at 5,334.21, having gained 5.2 per cent on Monday after an emergency rescue package from the European [...]
Gold reaches an all-time high as Wall St suffers May 11, 2010 THE Dow and the S&P 500 fell in a volatile session yesterday as fears that a $1 trillion bailout for Europe won’t solve the region’s deep-seated problems blunted an improving US economic picture. In a session marked by little news and low volume compared with recent days, investors dumped stocks in afternoon trading as worries [...]
The euro still has further to sink against the greenback May 11, 2010 SOVEREIGN debt problems in Europe have spiralled in recent weeks. So much so indeed, that BNP Paribas’ currency strategists Hans Redeker and Ian Stannard reckoned last week that the euro would fall to parity with the US dollar by the first quarter of 2011. Even the super-sized €750bn bailout package to extinguish the financial flames [...]
EURO BAILOUT MAY NOT GO FAR ENOUGH May 11, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT LAST weekend’s unprecedented move by the EU and IMF to create a rescue package worth nearly $1 trillion to guarantee sovereign debt within the Eurozone was a gargantuan policy effort to stabilise the euro. The deal created an array of measures, including $560bn in new loans, $76bn under an existing [...]
ANALYST VIEWS: HOW LOW DO YOU THINK EURO-DOLLAR CAN GO? May 11, 2010 IAN STANNARD | BNP PARIBAS “We have revised our euro-US dollar projection sharply lower and now expect a decline to parity by the first quarter of 2011. While we have one of the most euro bearish forecasts in the market, these previous projections now seem too moderate given current developments.” MICHAEL HEWSON | CMC MARKETS [...]
The Tipster May 11, 2010 AS PREDICTED last week, the Swiss National Bank (SNB) ould only hold the tide of sell orders in euro-Swiss franc for so long. It finally caved in last Thursday when the currency pair plunged 300 pips in a matter of hours. The euro showed some strength on Monday, reaching SFr1.4325, but it has dipped again [...]
Tap into high dividends for a reliable income May 11, 2010 INCOME-SEEKERS have had a torrid time of it over the past 18 months or so. Faced with a market in meltdown and reduced margins, even the most reliable of dividend payers such as BT have slashed their pay-outs to shareholders. But there are signs that the dividend market is picking up once again. Several UK [...]
TRAGEDY IN GREECE IS FAR FROM OVER May 11, 2010 MANAGING DIRECTOR, ARTEMIS WHAT a pickle. Caught between a Greek tragedy abroad and political purgatory at home, investors have shown themselves ready to flee the uncertainty they love to hate. The UK market alone saw £110bn wiped off the value of its shares last week – the seventh largest loss in a week since records [...]
