New World Resources shares plunge after massive losses May 18, 2009 COAL producer New World Resources (NWR) saw its shares plummet yesterday, after the Czech firm reported net losses of €2.14m (£1.89m) for the first quarter, down from a profit of €117.8m in the same period last year. It also slashed its full year 2009 production targets of coal and coke. In February, the company said [...]
Regeneration is taking off in the Olympic quarters June 25, 2009 STRATFORD has long been one of those London areas that is supposedly on the verge of gentrification. The coming of the DLR, then the Jubilee Line, were meant to turn it into an up-and-coming area attractive to thrusting young professionals. It never quite happened. But last week, two things took place which mean that Stratford [...]
EU SLAMMED OVER CITY POWER GRAB June 14, 2009 THE EUROPEAN Commission (EC) is being too hasty in its drive for pan-European regulatory reform, a House of Lords committee will warn this week, as fears mount in the City over encroachment from Brussels on the UK financial services sector. The House of Lords sub-committee on economic and financial affairs will say that the pace [...]
Saad credit lines shut down June 11, 2009 FEARS were growing yesterday that Saad Group’s holdings in a raft of companies could be sold-off, as western banks began to shut down credit lines to the company and its billionaire chairman, Maan al-Sanea. Concerns escalated after the central bank in the United Arab Emirates instructed local banks to suspend lending to the troubled Saudi [...]
Savvy traders look to profit from surge in takeover deals July 20, 2009 FOLLOWING a dearth of mergers and acquisitions (M&A) activity during the depths of the financial crisis, upbeat figures released last Friday by Thomson Reuters showed that UK target M&A is up 39 per cent year-to-date compared to the same period last year. There has been a recent pick-up in global M&A activity with London dominating [...]
Canny traders should look to buy crude oil on the correction July 27, 2009 CRUDE’S inexorable rise over the past few weeks in line with rallying equity markets pushed September Brent through the $70 a barrel mark in intraday trading yesterday, touching a session high of $71.28. Signs of an improving world economy and resilient Chinese GDP growth as well as relatively upbeat second quarter earnings in the US [...]
Canny traders should look to buy crude oil on the correction July 27, 2009 CRUDE’S inexorable rise over the past few weeks in line with rallying equity markets pushed September Brent through the $70 a barrel mark in intraday trading yesterday, touching a session high of $71.28. Signs of an improving world economy and resilient Chinese GDP growth as well as relatively upbeat second quarter earnings in the US [...]
Pamper your feet with the best pedicures in London June 22, 2009 Spa Studio at the LanesboroughThe Lanesborough, Hyde Park Corner, SW1X 7TA. 020 7333 7700 THE SETTING: The Lanesborough is London’s last word in hotel luxury. The spa is a hidden chamber in the depths of the hotel appointed with perfect European luxury and taste. THE PEDICURE: The Foot Loose and Fancy Free package (£85) begins [...]
Pamper your feet with the best pedicures in London June 22, 2009 Spa Studio at the LanesboroughThe Lanesborough, Hyde Park Corner, SW1X 7TA. 020 7333 7700 THE SETTING: The Lanesborough is London’s last word in hotel luxury. The spa is a hidden chamber in the depths of the hotel appointed with perfect European luxury and taste. THE PEDICURE: The Foot Loose and Fancy Free package (£85) begins [...]
Better regulation should never stifle risk-taking June 21, 2009 ALMOST as soon as this financial crisis began, policy makers, central bankers and business leaders began waxing lyrical about regulatory failure and the importance of improving regulation to ensure that such a crisis is not repeated. However, now the mist is beginning to clear and we are moving from crisis mode into the recovery period [...]