CITY MOVES | WHO’S SWITCHING JOBS April 18, 2010 Withers The law firm has appointed Kenneth Mullen as a partner in the firm’s London office, continuing the expansion of the firm’s European commercial practice. Mullen joins from Shepherd and Wedderburn, where he was a partner in the media and technology team in London. He is a specialist in transactional intellectual property, technology and outsourcing, [...]
Exports to boost Iceland April 18, 2010 Iceland’s government expects the economy to turn a corner in the second half of 2010 but said risks remained significant and the flow of aid from the International Monetary Fund would be crucial. “Quarterly growth should turn positive by the second half of 2010, on the back of strong export performance, but we expect the [...]
BANKER BASHING IS ‘JUST LOUSY ECONOMICS’ April 18, 2010 AT LONG last, the City’s beleaguered banking contingent has found itself a champion willing to stand up and state the bleedin’ obvious. Tim Morgan, the head of research at inter-dealer broker Tullett Prebon, on Friday put out a damning note condemning our politicians’ obsession with bashing the bankers and non-doms – and advising them to [...]
BILL OF THE WEEK April 18, 2010 HERE’S an unusual one: a bill of the week made up almost entirely of food rather than a few choice fine wines. This group of Italian businessmen were in London for a meeting last week and seized the opportunity to hop off for some of their country’s finest national dishes at Il Baretto on Blandford [...]
Goldman Sachs shares sell-off was overdone April 18, 2010 UK AND EUROPEAN stock markets are expected to recover some of Friday’s Goldman Sachs-inspired losses on the open this morning. Whilst the markets are still digesting the implications of the SEC fraud charges, our call is that Friday’s knee-jerk sell-off was overdone – exagerrated by profit-taking following a winning streak for the Dow of six [...]
TV firms and ad agencies bounce back April 18, 2010 ALL it took was a bullish note from Goldman Sachs analysts and the European media sector went into a buying frenzy at the end of last week. ITV saw its share price rise to the highest level in two years while advertising giant WPP gained almost 4 per cent last week, taking its stock to [...]
The Tipster April 18, 2010 INVESTMENT company the Alliance Trust has been a solid performer in the FTSE 100 over the past 12 months, gaining 31 per cent in value, which should please most shareholders when its final results are announced today. It is currently trading at the upper resistance of an 18-month-old bull channel, so any pullback to the [...]
Sovereign risks mean gold retains some of its sparkle April 18, 2010 HAD you bought gold back in 2000, you would have paid around just under $300 an ounce. Even taking into account the effect of inflation, this seems an absolute bargain compared to the current price of $1,138. But this decade-long bull run in gold may be coming to an end, says Philip Klapwijk, chairman of [...]
SPREAD BET GURU April 18, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, JP Morgan’s earnings were very good, what will this mean for the other banks? A. I take a balanced view on this. That JP Morgan announced much better earnings than the market had first anticipated, a 57 per cent rise in profits, is a good sign for the bank [...]
For babymooners, Brown’s is best April 18, 2010 WHEN I told people that my wife was expecting our first child, a lot of the men who already have kids did this laugh, a sort of bark that seemed to be at once ironic, sardonic and to suggest “you poor, poor fool, you don’t know what you are letting yourself into. No, really, you [...]
