FTSE nears seven-year high as M&S boosts retail sector April 6, 2011 BANKS helped drive Britain’s top shares to a near seven-week high yesterday following a Portuguese debt auction, while Marks & Spencer rose on better-than-expected sales, lifting sentiment in retailers. The FTSE 100 ended up 34.07 points, or 0.6 per cent, at 6,041.13, its highest closing level since 18 February. Lex van Dam, hedge fund manager [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 29, 2011 FINANCIAL TIMES NETWORK RAIL AIMS TO TAKE TRACTION OUT OF BONUS ISSUE Network Rail will seek to allay long-standing concerns about its executive bonuses by putting a new system to the vote of its 100 members tomorrow. But the scheme, intended to provide a longer term solution to the issue, has been criticised by the [...]
THE TIPSTER February 21, 2011 SILVER surged to a 30-year high on Monday as Libyan unrest sent commodity prices soaring. Add this to the market’s talk of huge demand for immediate delivery of silver (the rumour on Friday was that the COMEX exchange was short large amounts of silver for March delivery). This talk of a squeeze added more than [...]
UK to undergo most radical energy shake-up in generation December 16, 2010 CHRIS HUHNE yesterday announced the coalition will force through the biggest energy industry shake-up in a generation. He said renewable power will become “dominant”, with new subsidies being provided to immature power generators including offshore wind and wave power as the UK tries to meet ambitious carbon targets. Huhne is desperate to meet a target [...]
UK to undergo most radical energy shake-up in generation December 16, 2010 CHRIS HUHNE yesterday announced the coalition will force through the biggest energy industry shake-up in a generation. He said renewable power will become “dominant”, with new subsidies being provided to immature power generators including offshore wind and wave power as the UK tries to meet ambitious carbon targets. Huhne is desperate to meet a target [...]
Republicans still fighting to repeal Obama’s health rules January 3, 2011 REPUBLICANS in the House of Representatives plan to hold a vote this month to repeal President Barack Obama’s healthcare overhaul and say they have nearly enough support to override a presidential veto of the repeal, a top lawmaker said yesterday. “Unpopularity numbers are as high as 60 per cent across the country,” Fred Upton, the [...]
What the other papers say this morning February 9, 2011 FINANCIAL TIMES TPG LOSES ANOTHER SENIOR ASIA EXECUTIVE Mary Ma, a Chinese executive at TPG Capital, is leaving to start a fund, joining other mainland executives from western buy-out firms who will start out on their own. Ma, former chief financial officer of Lenovo, joined TPG’s Asia team as managing director and a partner in [...]
What the other papers say this morning February 9, 2011 FINANCIAL TIMES TPG LOSES ANOTHER SENIOR ASIA EXECUTIVE Mary Ma, a Chinese executive at TPG Capital, is leaving to start a fund, joining other mainland executives from western buy-out firms who will start out on their own. Ma, former chief financial officer of Lenovo, joined TPG’s Asia team as managing director and a partner in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 10, 2010 FINANCIAL TIMES EUROZONE BOND INVESTORS ACCUSED OF OVERREACTING Investors in Eurozone bond markets stand accused of letting “animal spirits” affect their judgment on the risk of a European debt default, creating a situation where financial markets could force weaker countries into excessive budget cutting. A senior official at the Organisation for Economic Co-operation and Development [...]
High electricity prices to hurt growth July 11, 2010 HERE is another reason why the recovery will be muted. Gas and electricity costs will rise substantially in the years ahead and are set to hammer not only consumers but also manufacturers, further eroding their competitiveness and that of Britain as a place to do business. It is not market forces that will push up [...]