THE TIPSTER December 7, 2009 GOLD bugs will have been disappointed with the sharp correction in the precious metal as it was unable to sustain its record highs above $1,200 an ounce. But for now gold seems to have found some support around the 23.60 per cent retracement when drawn from the April low so this could present a good [...]
CFD PROFILE CARBON EMISSIONS December 7, 2009 Spread: 14 basis points plus underlying market spreadMargin Requirement: 10 per centTrading Hours: 7am – 5pmCurrency: Euros(information from GFT) This contract is based on the ICE European Climate Exchange near-month futures contract. One CFD with GFT is equal to 100 metric tonnes of carbon emissions. The market is liquid enough for providers to offer CFDs [...]
Politicians and the City need to trust each other December 7, 2009 This coming week is the pre-Budget report, and both leading political parties are going for growth. But do they know what that means? James Carville, the campaign manager of Bill Clinton’s Presidential campaign coined the phrase which led Clinton to victory: “it’s the economy, stupid”. Faced with an incumbent president who had 80 per cent [...]
Nat Ex woos Tube boss for driving seat December 7, 2009 TUBE LINES boss Dean Finch found himself in demand yesterday, as struggling transport group National Express tried to secure his services as its next chief executive. But the tube maintenance group, which looks after the Jubilee, Northern and Piccadilly lines, is eager to hold on to Finch. “He will now be having talks with the [...]
TAKING STOCK December 7, 2009 EQUITY trading across the London Stock Exchange group dipped sharply in November as the UK’s biggest bourse was hit by turbulence in the global markets and aggressive pricing strategies from rivals. In total 16.4m equity trades worth £149bn were carried out over the month, during which the average daily number of trades fell by a [...]
Sberbank misses profit expectations December 7, 2009 Sberbank, Russia’s biggest lender, missed its forecast for its third quarter net profit but analysts took heart from slowing bad loan growth which they said could pave the way for a stronger performance in the coming months. The state-run bank posted a net profit of 4.2bn roubles (£87.4m) in January-September, undershooting analysts’ forecasts of 5.1bn [...]
CITY MOVES WHO’S SWITCHING JOBS December 7, 2009 Reed SmithThe law firm has appointed Graham Green as a partner in its employment group in London. Green joins from rival McDermott Will & Emery, and has also worked in the employment department at Linklaters. His practice covers all types of discrimination claims, including race, sex, age and disability discrimination, as well as claims over [...]
BIS:low rates increase risk December 7, 2009 KEEPING interest rates low could encourage banks to take bigger risks, according to a study published by The Bank for International Settlements (BIS) yesterday. Its latest quarterly report into 600 listed EU and US banks said there was evidence suggesting that the risk of loan defaults “shot up” when interest rates remained low for long [...]
BEST OF THE BROKERS December 7, 2009 GAME GROUPSinger said it was expecting to see an improvement in trade over the most recent period for Game Group, despite a rather disappointing summer in terms of new software releases. It suggested declines of mid to high single digits in that period, and said performance over the final eight weeks will be key to [...]
Petropavlovsk is only group set to join bluechip FTSE 100 index December 7, 2009 GOLD producer Petropavlovsk, formerly Peter Hambro Mining, is expected to be the only company promoted to the FTSE 100 index when the latest quarterly indexes review is announced tomorrow. Tour operator Thomas Cook Group looks set to be demoted back to the mid caps after a poor run by its shares with the sector hit [...]
