Increase in firms on edge easing July 14, 2009 ALMOST 200,000 British companies are in serious financial trouble, according to the Red Flag Alert report issued by Begbies Traynor. The business rescue specialist said that while the number of companies in trouble has slowed in the last two quarters, it has risen 43 per cent from a year ago. The report, which gives figures [...]
GRIPE VAN MAN July 14, 2009 RUSSSIAN billionaire Oleg Deripaska said last night he is considering cutting ties with Britain after the collapse of his van-making company LDV. He had appealed to the UK government for financial assistance but a bail out was not forthcoming.
GAS LEAK CLOSES L&G OFFICE FOR THE DAY July 13, 2009 LEGAL & General had the opportunity to test its contingency plans yesterday, after a gas leak forced the firm to close its Moorgate mother-ship. City types said that the road outside L&G’s Coleman Street corporate headquarters was in a state of disarray in the morning as workers frantically fought to deal with the leak, which [...]
Japan offers the contrarian trader a wealth of opportunity July 13, 2009 GIVEN how badly export-oriented Japan has suffered from the financial crisis and the subsequent drop off in global demand, you might think that investing in Japanese equities would be one of the least successful trading strategies around right now. But in fact, a number of analysts have started turning bullish on the Japanese stock index [...]
SENTIMENT TAKES A NOSEDIVE, DAMPENS RECOVERY PROSPECT July 13, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFTCONSUMER confidence is fundamental to market mood, and even more so when the prospect of economic recovery has been touted but not yet assured. Confidence is the building block of spending, which is critical to recovery. And right now confidence is taking a big dip. The bimonthly Reuters/University of Michigan preliminary [...]
Coffee is not the miracle drug it’s often made out to be July 13, 2009 LAST week scientists from the University of Florida released a study claiming that coffee can prevent the development of dementia, and even reverse it. When they gave caffeine to mice that had been bred to have the rodent version of Alzheimer’s, they found that the animals’ ability to perform memory tests increased and was soon [...]
The food was lovely, it was just a shame about everything else July 13, 2009 MURANO20 QUEEN STREET,LONDON, W1J 5PRT: 020 7592 1222murano@gordonramsay.comFOOD SERVICE ATMOSPHERE Cost per person without wine: £25 (set menu) WHEN Murano opened in 2008 it was greeted with trumpets and fanfare. It was the latest in Gordon Ramsay’s empire, and the food was by Angela Hartnett, one of the few women at the top of the [...]
THREE OTHER HIGH-END ITALIANS July 13, 2009 L’ANIMAClassy, chic, and with excellent food, this is one of the best new openings in the City in the past year, and one of the few Square Mile restaurants that you might want to visit with friends, as well as contacts. 1 Snowden Street EC2A 2DQ, tel: 020 7422 7000, www.lanima.co.uk. LOCANDA LOCATELLIAn oldie, but [...]
Commodities and financials emerge as stars of the index July 13, 2009 THE FTSE 100 closed 1.8 per cent higher yesterday, boosted by stronger energy and mining stocks, while financial shares also provided support to the market which had fallen in five of last eight sessions. The index ended 74.96 points higher at 4,202.13, after falling 0.8 per cent on Friday to its lowest close since 28 [...]
Bullish comments boost US markets July 13, 2009 US stocks rallied more than 2 per cent yesterday as bullish comments on financial sector performance from analyst Meredith Whitney lifted hopes that banks’ quarterly results may be stronger than expected. Light volumes made it easier for stocks to post such a big move, analysts said. The Dow industrials and S&P 500 had their best [...]
