Bodycote sales in energy boost April 25, 2012 ■ Engineer Bodycote yesterday reported a rise in first quarter sales – triggered by buoyant energy, defence and aerospace sectors. For the three months to 31 March sales were 6.9 per cent higher than in the same period the year before. “Sales in aerospace, defence & energy were ahead by 13.5 per cent,” the firm [...]
Premier gets nod for Solan find April 25, 2012 ■ Oil explorer Premier yesterday said that it had been given the green light for the development of its Solan oil field. The department for energy and climate change said that Premier could drill four wells at the field which is estimated to have 40m barrels of oil. The North Sea project will start delivering [...]
WHO’S SWITCHING JOBS April 25, 2012 Drivers Jonas Deloitte The provider of property consultancy services has announced that Jeremy Castle has joined as director in its planning team. Castle most recently spent four years leading planning strategy at Battersea Power Station as planning director of Treasury Holdings. He has also previously worked at Legal & General. In addition, Nigel Hawkey arrives [...]
BEST of the BROKERS April 25, 2012 ARM HOLDINGS Investec maintains its “buy” rating on the microchip maker because of good long-term prospects. The target price is static at 800p, due to the last quarter’s “uneventful” results and no catalysts on the horizon. Costs were slightly higher than expected, and foreign exchange movements have prompted a modest forecast cut for the full [...]
Recessionary data brushed off as FTSE mirrors gains seen on Wall St April 25, 2012 THE UK’s blue-chip index closed up yesterday, shrugging off weak UK GDP figures showing Britain slipped back into recession and disappointing first-quarter results from drugmaker Glaxosmithkline, as investors awaited results from a key US Federal Reserve meeting. Early gains on the FTSE 100 index were led by a rise on Wall Street, which opened up [...]
Apple and Fed combine to boost equities April 25, 2012 US stocks rallied yesterday, with Apple’s surge giving the Nasdaq its biggest gain of the year, while the Fed chairman reassured markets that the central bank would do more if necessary to lift the economy. Apple fueled optimism that the current earnings season would be much stronger than expected, generating gains across all market sectors. [...]
Commodities may deliver the goods April 25, 2012 The market dynamics that have been driving the commodity markets for the last 18 months remain in place LAST year, the commodity markets were dominated by the seemingly irrepressible rise of gold – with $5,000 an ounce figures being bandied around as potential targets for the yellow metal. That was before margin calls and a [...]
The MPC shouldn’t rely on the new GDP figures – and nor should you April 25, 2012 WHO should we believe on the economy: the CBI – which released a relatively positive survey of industrial trends yesterday; or the Office for National Statistics which told us that the economy was back in recession? It is not just the CBI which is showing a more positive picture of economic growth than the official [...]
Obama’s reputation needs protection against his own Secret Service detail April 25, 2012 NO LONGER servants, and no longer civil.” Winston Churchill’s adage to describe the British bureaucracy could also be applied to the public mood today across the United States. The White House has been on the defensive over the past ten days, seeking to mitigate the fallout from two scandals that will certainly contribute to the [...]
It’s time to think creatively about growth in the UK April 25, 2012 WITH Britain said to be back in recession after four years of economic turmoil, it’s time we had a creative rethink. A lot has been said about the need for an enterprise-led recovery – and you will find no greater champion of entrepreneurship than me. Small and young businesses are the backbone of our economy, [...]
