A new mood of fear is pulling down markets February 7, 2010 THE TERM double-dip is over-used; our viewers always get upset with us if we refer to it too often. But where is this cycle going? It’s certainly not looking good. February seemed to start off well with decent earnings reports and some stronger data from the US, but at the end of last week sovereign [...]
CITY MOVES | WHO’S SWITCHING JOBS January 31, 2010 BlackRock The asset manager has hired Kendrick Wilson, a former Goldman Sachs banker and ex-US Treasury adviser, as a vice chairman. Wilson joined the US Treasury in 2008 to advise then- secretary Hank Paulson on how best to navigate the financial crisis. BlackRock chief Larry Fink said: “[Wilson’s] unique perspective, informed by his vast experience [...]
Possible solution to Eurozone debt woes boosts FTSE 100 February 10, 2010 BRITAIN’S leading shares added 0.4 per cent yesterday as financial issues drew strength from a possible solution to Eurozone debt worries, offsetting a retreat by heavyweight commodity shares. The FTSE 100 ended 20.15 points higher at 5,131.99, recovering from a session low of 5,105.30 in the afternoon but still well below the morning peak of [...]
FTSE at lowest level in three months as bank shares drop February 4, 2010 WORRIES about the global economy pushed Britain’s top share index to its lowest close in three months yesterday as spiking risk aversion hammered banks and miners while energy stocks fell on weaker commodity prices. The FTSE 100 ended 113.84 points or 2.2 percent lower at 5,139.31, its lowest close since 5 November, having snapped a [...]
FTSE at lowest level in three months as bank shares drop February 4, 2010 WORRIES about the global economy pushed Britain’s top share index to its lowest close in three months yesterday as spiking risk aversion hammered banks and miners while energy stocks fell on weaker commodity prices. The FTSE 100 ended 113.84 points or 2.2 percent lower at 5,139.31, its lowest close since 5 November, having snapped a [...]
Top businesses urge Gordon Brown to fight for emissions cut in Copenhagen December 2, 2009 SOME of Britain’s biggest businesses are today urging the Prime Minister to fight for a global cut in carbon emissions at next week’s climate change negotiations in Copenhagen. The Prince of Wales’s Corporate Leaders Group on Climate Change – which includes firms such as Shell, Tesco and Unilever – will tonight present a communiqué endorsed [...]
Nestl boss says he should have seen off rivals November 2, 2009 NESTLE, the world’s biggest food group, should have reacted faster to competitors’ price cuts to avoid slowing sales, chief executive Paul Bulcke said in an interview. Bulcke said the group, whose sales growth this year lagged that of competitors such as Unilever, Danone and Kraft Foods, should have seen the danger of losing market share [...]
Ad industry to fight back October 18, 2009 Advertising Association chief executive Tim Lefroy will this week urge members to retaliate against dwindling public trust in advertising, after a survey found that only 15 per cent of adults “generally” trust advertising. Lefroy blames lobbyists for the lack of trust. Advertisers such as Barclays, Unilever and Diageo are uniting to provide a fund into [...]
Ad industry to fight back October 18, 2009 Advertising Association chief executive Tim Lefroy will this week urge members to retaliate against dwindling public trust in advertising, after a survey found that only 15 per cent of adults “generally” trust advertising. Lefroy blames lobbyists for the lack of trust. Advertisers such as Barclays, Unilever and Diageo are uniting to provide a fund into [...]
HOW WILL THESE RESULTS AFFECT KRAFT’S PLANS TO BUY CADBURY? October 21, 2009 MARTIN DEBOO INVESTECCadbury have come out fighting. But, for us, the quality of the third-quarter and first-half growth is not premier cru. However, we think this will be enough to cause Kraft et al to think hard about a fair exit valuation. GRAHAM JONES PANMURE GORDONWe think this statement, plus confidence expressed about 2010 and [...]