Meet the deal-maker extraordinaire who hopes the crisis will end in 2010 July 26, 2009 It is hard to escape the feeling that Slaughter and May’s Nigel Boardman is ever so slightly bored. Given that he is London’s top mergers and acquisitions (M&A) lawyer, and that we are still in the midst of a bitter recession which has led to a dramatic reduction in deal-making, this is not exactly surprising. [...]
Results season begins as BT and National Express report July 26, 2009 THE company reporting season gets into full swing this week, with a slew of companies issuing numbers including BP, Shell and BT to name just three FTSE 100 giants. National Express, the rail and coach operator that recently became a takeover target after losing its franchise for the East Coast main line, reports on Thursday [...]
Data from the US will reign on stocks July 26, 2009 US corporate earnings will continue to spur market direction this week, although some higher-tier economic data also from the States may try and hog the limelight. Verizon – number one mobile service provider in the US– kick the week off, out today at 12.30. Oil giants Exxon Mobil and Chevron report Thursday and Friday. Much [...]
Successful day traders choose their stocks with precision July 26, 2009 THE market volatility we have experienced over the past 18 months or so has encouraged private investors to try their hand at the fast-moving, risk-riddled strategy of day trading because of the large daily moves in stocks combined with overnight uncertainty. And opportunistic spread betters have been all too keen to jump on the back [...]
THE TIPSTER RESISTANCE HAS FINALLY BEEN BROKEN July 26, 2009 WITH the Dow Jones Industrial Average breaking solidly through the 9,000 mark, it should come as no surprise that the FTSE 100 has also been making steady gains over the past week. Fuelled by the optimism from US earnings figures, the FTSE 100 breached significant resistance levels last week. All eyes will be on the [...]
US stock rise seen as over-extended July 26, 2009 ASTONISHINGLY, the Dow Jones Industrial Average (DJIA) has remained above the 9,000 mark after breaching the psychological level on Thursday evening for the first time for what felt like ages. Back in early March when the Dow plummeted to 6,440.08, only the ultra-bullish investors thought 9,000 would be on the cards this year. But after [...]
UK DEFICIT TO HINDER RISE OF STERLING July 26, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMECONOMICS textbooks would have you believe that a currency should adjust lower if it belongs to a country with a large current account deficit or an increasing budget deficit and for years US dollar bears have been citing the current account deficit as a reason why the greenback should depreciate. In 2008 [...]
Panamania SETS IN July 26, 2009 THINK of the Republic of Panama and the two words most likely to follow are “hats” and “canal”. The last thing you’d associate with this odd-shaped country at the very bottom of Central America is a Manhatten-esque skyline, sophisticated nightlife and luxury hotels and spas. But make the 14-hour journey to this isthmus and these [...]
Skipper Terry rejects Man City to stick with Chelsea July 26, 2009 CHELSEA captain John Terry yesterday pledged his future to the club, insisting there was never any possibility he would be lured by a lucrative offer from Manchester City. England skipper Terry broke his silence to end weeks of speculation that he was ready to halt his 14-year association with Chelsea and become ambitious City’s most [...]
Hamilton’s tribute to Massa after Hungary win July 26, 2009 WORLD champion Lewis Hamilton claimed a long-awaited first victory of 2009 at yesterday’s Hungarian Grand Prix – and then paid tribute to hospitalised Ferrari rival Felipe Massa. Brazilian Massa needed emergency surgery on a fractured skull following a freak accident during qualifying on Saturday. Last night he remained in an induced coma in intensive care [...]
