Be discerning about Europe’s banking sector June 13, 2010 THE last two years have been cataclysmic for the global banking sector. Yet most banks managed to stay afloat during the financial crisis and have returned to profitability this year. And after the wave of volatility that hit the markets in recent weeks, banking stocks are beginning to look cheap. But should investors be buying [...]
THE WORLD CUP TIPSTER June 13, 2010 IT WAS an exciting start to the 2010 World Cup with a tight game between hosts South Africa and Mexico ending in a draw, and an equally tight game between England and the USA. But football traders will be focused on the next games on the schedule. Today sees the Netherlands take on Denmark in [...]
THE TIPSTER June 13, 2010 FOOTBALL results might be capturing everybody’s attention at the moment but there are some key financial scores out this week. Following positive full-year results in March, grocer J Sainsbury is expected to announce first quarter profits this week. Will its management confirm Morrisons’ news that a slowdown in the market has begun? With the firm’s [...]
SPREAD BET GURU June 13, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, what are the markets expected to be like during the World Cup? A. If you were thinking that traders are likely to be keeping a close eye on the World Cup and that this could affect volumes, then you are right. Historically, the financial markets have tended to be [...]
US data set to give clues on economic outlook June 13, 2010 US stock investors will keep a close eye on Europe this week, looking for signs the debt crisis may be stabilising, while industrial production, housing starts and inflation data may offer more clues on the US economic outlook. On Friday, an official said the European Union has reached agreement with Greece on how to move [...]
Takeover panel review is wise and thoughtful June 13, 2010 CORPORATE PARTNER, WHITE & CASE THE consultation document issued by the Takeover Panel shortly after the panel’s censure of Kraft over its successful hostile takeover of Cadbury, unusually does not contain changes to the Takeover Code recommended by the panel. Rather, the Takeover Panel is “seeking to provide a forum in which suggestions for possible [...]
Corporate code could foster short-termism June 13, 2010 CORPORATE PARTNER, HOGAN LOVELLS TIDJANE Thiam of the Pru may well be grateful that the new Corporate Governance Code – with its requirement for all directors of FTSE 350 companies to be subject to annual re-election by shareholders – only takes effect from 29 June this year. At the heart of the new code is [...]
Jungles, sea and history in old Malaysia June 13, 2010 A 100-mile ferry-ride across the South China Sea is Langkawi, one of the world’s most idyllic spots for sunbathing, swimming in crystal green waters framed by lush jungle, and the total luxury of a world-class beach resort. It’s gorgeous – but probably quite similar to retreats in Thailand, Indonesia, the Caribbean, Costa Rica, Mauritius…you get [...]
TRAVEL NOTES June 13, 2010 Summer savings in Mauritius Escape unreliable British weather with a trip to this heavenly Ayurvedic retreat in Mauritius, currently offering savings to the tune of £1,525 per person. If you stay seven nights you get a reduced room rate as well as a free daily round of golf. Seven days from £1,455 per person. Includes [...]
How to fill your pockets June 13, 2010 1 Aspinal of London billfold coin wallet, £59, www.aspinaloflondon.com 2 Mulberry zip around wallet, £165, www.mulberry.com 3 Louis Vuitton Utah leather cards and bill holder, £375, www.louisvuitton.com 4 Berluti Caiac pocket organiser, £280, www.berluti.com 5 Dunhill ostrich leather coat wallet, £585, www.dunhill.com 6 Zilli Traveller wallet, £4,825, www.zilli.fr 7 Simon Carter travelcard wallet, £49, www.simoncarter.net [...]
