Terry nails colours to Chelsea mast with new five-year deal August 31, 2009 CAPTAIN John Terry has demonstrated his long-term commitment to Chelsea by putting pen-to-paper on a new lucrative five-year deal. The deal, reported to be worth £150,000 per week, will keep Terry at Stamford Bridge until 2014 and Blues chiefs are hopeful the 28-year-old will now finish his career in west London. Crowd favourite Terry has [...]
Euro prices in fresh decline August 31, 2009 EUROZONE consumer prices fell in August for a third consecutive month, though the rate of deflation narrowed significantly from July and economists predicted prices would start to rise again within months. Consumer prices fell by 0.2 per cent year-on-year in August, down from the 0.7 per cent decline the Eurozone countries experienced in July. But [...]
Bitter AIG dispute set for arbitration August 31, 2009 THE acrimonious financial dispute between insurance giant AIG and its former chief executive Maurice “Hank” Greenberg looked like it might be heading for a solution yesterday as the two sides agreed to enter into private arbitration. The agreement, which is also with the group’s former financial officer, signals a reversal in the contentious relationship between [...]
Big week ahead for data on jobs and UK output August 31, 2009 IT’S a relatively big week for economic data, with the spotlight fixed firmly on the non-farm payrolls data out from the US on Friday. The forecast number from GFT is for a loss of 200,000 jobs in August, compared to July’s 247,000. The unemployment rate is expected to edge closer to 10 per cent, with [...]
CARNIVAL SPIRIT IN LONDON August 31, 2009 NOTTING HILL Carnival attracted hundreds of thousands of revellers keen to enjoy warm weather at Europe’s biggest street party. The number of arrests was down but a teenage boy was in a serious condition last night after being stabbed.
JPM Caz still dominating adviser arena August 31, 2009 JP MORGAN Cazenove comfortably retained its broking and financial advisory dominance over the third quarter of the year, according to the latest statistics from financial data group Hemscott. JP Morgan Cazenove gained eight broking clients, increasing its total tally to 236, of which 40 were FTSE 100 firms. Numis Securities and Brewin Dolphin rank second [...]
Channel Five owner posts a profit slump August 31, 2009 GERMANY’S Bertelsmann posted a 30 per cent drop in first-half operating profit due to a decline in advertising and consumer spending and said cost cuts had held off worse results. The owner of Channel Five parent company RTL Group, which reported results last week, and publisher Random House, implemented strict cost savings earlier in the [...]
Mid-cap mania to dominate corporate news this week August 31, 2009 THIS week is shorter than usual due to the bank holiday and trading volumes are likely to remain low, but there are enough mid-cap firms reporting to keep life interesting. FTSE 250 biotechnology firm Dechra Pharmaceuticals kicks the week off with its final results, which are not expected to add very much to its pre-close [...]
USshares slide on China stock sell-off August 31, 2009 US stocks fell yesterday as concerns about the global economy’s health weighed on Wall Street following a sell-off in Chinese equities. Energy shares led the decline after the sharp drop in China’s main stock index, while oil slipped below $70 a barrel on increased worries about global energy demand. Shares of Chevron tumbled 1.1 percent [...]
Experts warn that volatile markets loom August 31, 2009 THE FTSE 100 is set to breach the 5,000 mark for the first time in ten months this week, but strategists warn that the rally could be misleading and that volatility lies ahead. The benchmark index closed one per cent up at 4,908.90 on Friday – having hit a session high earlier in the day [...]
