Spain’s reform plans help ease Wall St’s pain September 27, 2012 THE S&P 500 snapped a five-day string of declines in a broad-based rally yesterday, as Spain’s plans for economic reform eased some worries about one of the Eurozone’s most troubled countries. The benchmark S&P 500 rose one per cent, its biggest percentage gain since the Federal Reserve announced its plan for a third round of [...]
Wall St tumbles as debt crisis in Europe weighs September 26, 2012 THE S&P 500 fell for a fifth straight trading day yesterday as protests in Spain and Greece over Eurozone austerity measures raised fresh concerns over Europe’s ability to get its debt crisis under control. Investors sold risk-sensitive sectors such as energy and tech, while they poured money into more defensive areas like utilities and consumer [...]
Growth concerns drive FTSE 100 to lowest close since early September September 26, 2012 Britain’s top stock index hit a three-week low yesterday, with banks and miners hardest-hit on concern that the Eurozone’s problems, highlighted by protests in Spain and Greece, posed a threat to global growth. Growing talk of secession in Spain’s Catalonia region, a sharp fall in the country’s GDP, clashes at an anti-austerity protest in Greece [...]
State-of-the-art studio has style and substance September 26, 2012 Media company BSkyB approached K+N to work with it on the design and implementation of its new studio space for Sky Sports News. The privately owned furniture company was founded in 1925 and has grown to become the largest manufacturer of office furniture in Europe. The sports channel, along with a number of other Sky [...]
Delivering a project of this scale requires a meticulous approach September 26, 2012 BSKYB set out to build the most ecologically sustainable broadcasting complex in Europe – it did not want to merely build a monument to the Sky brand. Instead, BSkyB was after a building that would allow it to change and grow. Sky Sports News was to be the first, and largest, studio to go on [...]
Strong US data helps lift the FTSE as miners and banks take a dive September 25, 2012 BRITAIN’S top share index rose yesterday, with energy stocks in the lead, improving on small gains earlier in the day after US data allayed some concerns over a stalling of the global economic recovery. At the close, the FTSE 100 index was up 20.87 points or 0.4 per cent at 5,859.71 points, near the session [...]
Earnings woes push Wall St into the red September 25, 2012 THE S&P 500 suffered its worst day since June yesterday, pulled lower by Caterpillar after it cut its profit outlook, the latest high-profile company to warn about profit growth. Technology shares came under pressure after a second day of weakness for Apple, the world’s most valuable public company. Shares fell 2.5 per cent to $673.54 [...]
US politicians are facing the fiscal cliff September 25, 2012 FOR months, the markets have had their eyes fixed on the Federal Reserve; the contents of the Federal Open Market Committee’s (FOMC) monthly minutes and the possibility of another round of quantitative easing (QE3). But now the US has another problem to deal with – the so-called “fiscal cliff” at the end of 2012, when [...]
Silver surfers prepare to leave gold bugs behind as they ride the wave September 25, 2012 FOLLOWING recent policy announcements from the Federal Reserve, European Central Bank (ECB) and the Bank of Japan, making an investment case for metals may not be original. But, with rallies off lows in June, some may prefer silver over gold. It can be argued that silver has more scope to regain its record high, as [...]
US stocks drop as Caterpillar slows the Dow September 24, 2012 US stocks edged lower yesterday as a disappointing forecast from Caterpillar and weak German data increased concerns that global growth may remain sluggish. Just before the close, Caterpillar cut its earnings forecast for 2015. Its shares fell 0.9 per cent to $90.87 and were the top drag on the Dow. An index of German business [...]
