London blue chips set for further falls September 8, 2008 Strategist are betting on the FTSE 100 to fall further this week due to mounting concerns over the outlook for the UK economy. Last week marked the blue chip index’s biggest weekly fall for six years leaving it teetering on the edge of so-called bear market territory, defined as a 20 per cent fall from [...]
US mortgage agencies are nationalised September 8, 2008 The US government took control of twin mortgage giants Fannie Mae and Freddie Mac yesterday as it unveiled a series of measures designed to rescue the beleaguered US housing market. Treasury secretary Henry Paulson said the Federal Housing Finance Agency (FHFA) would place Fannie Mae and Freddie Mac under “conservatorship” to prevent the collapse of [...]
Hammers’ ultimatum for Croatia boss Bilic September 8, 2008 West Ham have warned Croatia coach Slaven Bilic that they will not hold the manager’s job open for the former Hammers player. Bilic features on a four-man shortlist to replace Alan Curbishley, along with Italians Roberto Donadoni and Gianfranco Zola and former Getafe boss Michael Laudrup. Hammers officials plan to hold talks with Bilic later [...]
Murray into first Grand Slam final September 8, 2008 British No1 Andy Murray will tonight compete in the first Grand Slam final of his short career after he produced another scintillating performance to dump world No1 Rafael Nadal out of the US Open. Murray continued his extraordinary progress at Flushing Meadow by completing a 6-2, 7-6, 4-6, 6-4 victory over Nadal, ending the Spaniard’s [...]
Terry: We’re not looking for revenge September 8, 2008 England captain John Terry has insisted that his team will put the past behind them when they face Croatia in Wednesday’s World Cup qualifier in Zagreb. England, who beat Andorra 2-0 on Saturday, suffered two defeats at the hands of Croatia in the Euro 2008 qualifiers and consequently failed to progress to the championships. But [...]
Sometimes, the casino seems the only way forward September 8, 2008 Tune into today’s media and what do we hear about almost every day? Recession, recession and recession. But I invite you to take a walk into the casino. Look around and you would be forgiven to think that money was just growing on trees. Money is thrown onto tables as punters take a gamble on [...]
The time has finally come to go short on oil September 8, 2008 Decreased production and low consumption mean that fuel prices are falling, says Katie Hope The black stuff is finally on the slide. From the heady heights of July this year when oil hit $147 a barrel and analysts were predicting it could catapult to $200 a barrel, forecasters are now betting the next move will [...]
Six killed as floods sweep across the UK September 8, 2008 Six were killed over the weekend as floods and storms battered the country amid warnings that Hurricane Hannah was on her way. Despite the rain slightly easing across the country yesterday, the adverse weather conditions have been responsible for considerable devastation. In North Wales, a teenager from London was killed as a 4×4 rolled over [...]
Recession fears force cost-cutting September 8, 2008 Businesses are desperately cutting costs and reducing the size of their workforce due to fears of an impending recession, a survey found yesterday. Eighty-four per cent of businesses taking part in the study, which was carried out for accountants MacIntyre Hudson, said they thought there was a significant deterioration in the overall economic climate for [...]
Renewables fund raises £57m equity September 8, 2008 One of Europe’s largest green venture capital funds is to be raised by London-based WHEB Ventures, it will today be announced. Some of Britain’s most prominent business families, including Lord (Jacob) Rothschild of the banking dynasty and Simon Robertson, Rolls Royce chairman and former head of Goldman Sachs Europe, have already invested in the Cleantech [...]
