THE TIPSTER Cable pulling higher April 17, 2012 The pound is trading near critical levels against the US dollar. Cable has rallied strongly since mid-January and has continually found support on a sharply-rising trend line. It is now managing to hold above both its 50 and 100-day moving averages around the $1.5835/40 area. However, the pound is now nudging up against resistance at [...]
The 911 Cabriolet is a roaring hit April 17, 2012 Conventional opinion among hardcore 911 fans is that the 911 Cabriolet is a lesser car than the 911 coupe. If the 911 is the world’s most accomplished sports car, why monkey around with it, especially when you know that taking off a car’s roof removes much of its strength. Without a roof a car becomes [...]
CAR TALK April 17, 2012 Volvo stays at the head of the safety queue Volvo has announced prices for its all-new Volvo V40, the first car in the world to feature an innovative pedestrian airbag to help protect pedestrians in an impact. The five-door, five-seat premium hatchback will cost from £19,745 on the road. The D2 version of the new [...]
London Tube workers vote to strike April 17, 2012 London Underground staff are set to walk out for 72 hours next week after they voted “four to one” in favour of strike action. The Rail, Maritime and Transport Workers union (RMT) said its workers would cease work at 4pm on 24 April and not return until after 4pm on 27 April. The dispute is [...]
Spanish borrowing costs jump April 17, 2012 Spain’s short-term borrowing costs jumped at a sale of more than €3bn of short-term government debt on Tuesday, reflecting fears about the country’s finances and boding ill for a key long-term debt auction later in the week. The Spanish Treasury sold €3.2bn of 12 and 18-month bills, just above its target range of 2-3 billion [...]
FTSE edges up thanks to banks April 17, 2012 London’s blue chip index edged up this morning but the Eurozone debt crisis continued to cast a shadow. Spain’s borrowing costs have jumped and the country is grappling to get back on track with a tough set of austerity measures. The FTSE 100 built on limited gains in yesterday’s session as investors took cover in [...]
UK inflation rises April 17, 2012 British inflation ticked up in March, driven by higher food and clothing prices and reinforcing expectations the Bank of England will not inject more stimulus into the economy next month. The Bank of England and the government have been hoping that falling price pressures will ease the squeeze on Britons’ budgets and boost consumer spending. [...]
Judge extends deadline on BP oil spill case April 17, 2012 A federal judge has given BP Plc and lawyers for individuals and businesses who claimed they were harmed by the 2010 Gulf of Mexico oil spill more time to file details of their proposed settlements. US District Judge Carl Barbier in New Orleans extended the deadline related to the estimated $7.8bn (£4.9bn) accord over the [...]
Daily Mail group warns over lower 2012 profits April 17, 2012 British newspaper group Daily Mail & General Trust said it expected profits in the first half of the year to be lower than in 2011, hit by falling national advertising revenues and higher newsprint and promotional costs. Daily Mail said it would keep its full-year outlook unchanged but noted that it now expected both operating [...]
Burberry second half sales up 18pc April 17, 2012 Luxury brand Burberry Group met forecasts with an 18 per cent rise in second half sales, driven by strong sales in Britain, France and China, and said it was positive on the year ahead. The 156-year-old seller of raincoats and leather goods, known for its camel, red and black check pattern, reported total revenues of [...]
