GREYHOUND LEAVES THE STALLS September 13, 2009 GREYHOUND will take off in the UK today, as its first bus, Peggy Sue, embarks on her maiden voyage. The journey, from Southampton to London, will depart at five thirty this morning. Greyhound, part of transport company FirstGroup, will run £1 services between London Victoria and Portsmouth and Southampton, in a bid to compete with [...]
Job loss tally still rising as pay rate slips September 13, 2009 UNEMPLOYMENT is expected to show another sharp rise this week when official data is released on Wednesday, raising fears about consumer demand and the effect on the economic recovery. Economists expect the broader International Labour Organisation (ILO) measure of unemployment – which is seen as a truer picture of the state of the British labour [...]
HOW WILL UNEMPLOYMENT PROGRESS? September 13, 2009 JONATHAN LOYNES CAPITAL ECONOMICSSurveys of employment intentions suggest that the rate of job-cutting is now easing. We expect the pace of increase in this measure to slow further from here. But it could be years before unemployment is falling. even more sharply. HOWARD ARCHER IHS GLOBAL INSIGHTUnemployment still looks likely to reach 3m in 2010. [...]
A busy week on the high street as retailers report September 13, 2009 It’s time to hit the high street this week, with a whole host of retailers updating the market. In keeping with that theme, the Office of National Statistics will tomorrow release the Retail Prices Index data for August, which is expected to show that prices fell 1.5 per cent year-on-year, compared to a decline of [...]
Witching week to make a wary start September 13, 2009 With poetic timing, the FTSE finally did it. Almost a year to the day of the anniversary of the Lehman Brothers collapse, the London blue-chip index closed above the 5,000 point barrier on Friday after a tour de force week in which the market stormed up 160 points. The week ahead however is likely to [...]
Expect ups and downs in Asia for at least the rest of 2009 September 13, 2009 MARKET analysts in the US and Europe are persistently pointing out just how fast equities have rallied in the advanced economies over the past six months. But if you thought that the Western world has staged a miraculous stock market rally, you should look at the meteoric performance of Asian stocks. Asian indices were not [...]
Take a punt on the market outlook for bricks and mortar September 13, 2009 A YEAR ago, many housing market observers were predicting doom. Prices would keep falling well into 2010, they said. The market could take years to pick up. But how wrong they were. Just as we have seen in the stock market, things have turned round much more quickly than almost anybody thought. Mortgage lender Halifax [...]
GOLD’S HIGHS OFFER SELLING POTENTIAL September 13, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMTHE market returned from its summer holidays last week with a hearty appetite for risk, undermining the US dollar so much that euro-dollar rallied into a new trading range and, unsurprisingly, boosting the price of oil and metals. What was surprising, however, was the surge in gold, which broke the $1,000/oz level [...]
THE TIPSTER NEW FINDS POWERING OIL AND GAS September 13, 2009 ACTIVITY in oil and gas companies has been going strong over the past few weeks, making a number of small and mid-caps ripe for a buy. Last week’s announcement that Desire Petroleum has managed to secure a rig for drilling in the Falklands Islands, where up to 3bn barrels of oil and gas may be [...]
Strap on your walking boots and head to the Dolomites September 13, 2009 FOR walkers, September means one thing: the last chance of the year to pull on those boots and get up into the mountains. “It’s not Switzerland,” sniffed my wife, when I suggested that we take a break form our usual stomping ground and head to the Dolomites in north Italy. Well, you can’t argue with [...]
