Analyst picks for 21 February 2012 February 20, 2012 FOREX STRATEGIST JOEL KRUGER My pick: Looking to sell sterling-yen Expertise: Technical analysis Average time frame of trades: 1 day to 1 week This market has been very well bid over the past several sessions and while we could indeed be in the process of seeing a major structural shift, we also cannot ignore the [...]
Get fit while the sun shines February 20, 2012 Two days without February’s usual inclement weather should have been enough to rouse from hibernation the part of your brain that craves exercise. Escape the tedium of the gym with these get-fit options that take advantage of the weather – while it lasts. TOUGH MUDDER Run by the special forces, Tough Mudder is an insane [...]
Forget cycling machines, try the Wattbike February 20, 2012 FIT IN THE CITY I must admit, I’m not a huge fan of cycling – I tend to associate it with boredom and bulky thighs. But, given that last weekend saw the track World Cup at the new velodrome, coupled with the fact that cycling’s one of the few feasible medal-winners for the Brits come [...]
Episode 47: AN INTIMATE MONDAY LUNCH February 20, 2012 I sit opposite Caroline at the same secluded table we used to sit at 10 years ago. We’ve both moved on since then. The restaurant hasn’t. Caroline is clearly making a point. “How was your bonus?” she asks, as the waiter retreats, having taken our order. “We won’t go hungry,” I reply. Technically true, although [...]
Soho oyster bar is a serious catch February 20, 2012 Wright Brothers Soho Oyster House 13 Kingly Street, W1B 5PW Tel: 020 7434 3611, thewrightbrothers.co.uk FOOD **** SERVICE **** ATMOSPHERE **** Cost per person without wine: £40 THE Wright Brothers’ establishment in Borough Market is a temptation that is sorrowfully hard to indulge because it is tiny – and rammed. The former contributes considerably to [...]
FSA fines Santander £1.5m February 20, 2012 The Financial Services Authority (FSA) has fined Spanish bank Santander £1.5m for failing to clarify a compensation procedure on some of its products. The FSA said that the Santander fine related to “failing to confirm under which circumstances its structured products would be covered by the Financial Services Compensation Scheme (FSCS).” The FSA said Santander [...]
Mortgage lending up by 10% February 20, 2012 Gross mortgage lending hit £10.5bn in January, up 10 per cent compared to the same month last year, according to figures from the Council of Mortgage Lenders (CML). Lending fell by 14 per cent from £12.2bn from December but was still substantially up on figures from January 2011. CML chief economist Bob Pannell said he [...]
FTSE up as Greek D-Day arrives February 20, 2012 Miners led the FTSE 100 upwards this morning as China moved to stimulate more growth in its economy and Eurozone chiefs were poised to finally sign a bailout agreement to save Greece. China’s central bank cut the amount of cash banks must hold in reserves, boosting lending capacity for the second time in nearly three [...]
Lloyds to strip bankers of bonuses February 20, 2012 Lloyds is to strip five current and former senior bankers of more than £1m in bonuses over their role in the mis-selling of payment protection insurance (PPI). The bank is taking back the bonuses over the scandal that cost the part state-owned bank £3.2bn last year. PPI was often sold alongside loans to cover repayments [...]
Bank of Ireland reports plunge in profits February 20, 2012 Bank of Ireland said it was attracting deposits, cutting costs and expected home loan arrears to peak this year, raising hopes Ireland’s biggest lender had turned a corner after a 60 percent drop in underlying profit in 2011. The only Irish bank to avoid nationalisation after an unprecedented property crash, Bank of Ireland said on [...]
