Entrepreneurs must show an appetite for risk June 8, 2009 Fresh from a weekend of filming for Dragon’s Den, to appear on BBC2 this September, I have been reflecting on the entrepreneurs who were pitching, and what it is that makes them backable. I’m looking for the killer instinct. I saw a lot of passion, enthusiasm and even drive this past weekend, but the difference [...]
S&P chops Irish rating June 8, 2009 STANDARD and Poor’s (S&P) yesterday cut Ireland’s sovereign credit rating for the second time in three months and warned it could fall further because of concern about the soaring cost of bailing out the country’s banking sector. Ireland is now rated at “AA” with a negative outlook, S&P said. It was previously “AA+” and the [...]
MOBIUS MOBILISING ON IRAQ June 8, 2009 MARK Mobius, the enigmatic world authority on emerging markets investment from US fund giant Franklin Templeton, is to start investing in war-torn Iraq. The so-called “Yul Brynner of Wall Street” said he would start investing in six months to a year. He hopes to tap into strong growth in the Middle Eastern nation. Mobius made [...]
LDV in administration as all staff made redundant June 8, 2009 AILING van maker LDV yesterday laid off all its workers after it was put into administration. LDV, which is owned by Oleg Deripaska’s GAZ, employed 850 people directly and thousands more in dealerships and supply chains. PricewaterhouseCoopers (PwC) will now take over the running of the firm. “There is still the opportunity of a bright [...]
Michael O’Leary sells off 16.5m of Ryanair stock June 8, 2009 MICHAEL O’Leary, the chief executive of Ryanair, has sold off €18.75m (£16.5m) of stock in the budget airline, it emerged yesterday. O’Leary divested 5m shares, taking his holding in the firm down to just over four per cent, equal to 60m shares. The news comes after Ryanair last week fell to its first full-year loss [...]
JD Sports trading well but warns on margins June 8, 2009 Sportswear retailer JD Sports yesterday said it was bucking the high street gloom after sales growth improved in its latest trading period. The group said its underlying sales increased 1.7 per cent over the 17 weeks to 30 May, with growth in its sports fascias of 1.2 per cent and growth in its fashion fascias [...]
ABI: there is still faith in City bosses June 8, 2009 PUBLIC fury over the financial crisis and “fat cat” bonuses has failed to derail confidence in bosses at the City’s major companies, the Association of British Insurers (ABI) will claim today at its biennial conference. The ABI will unveil the results of a major national survey on economic sentiment suggesting that the majority of people [...]
THE TIPSTER June 7, 2009 THE political chaos that is Westminster is dominating the headlines at the moment: Gordon Brown is clinging to the premiership by a thread while cabinet ministers jump ship and call for his resignation. Whether he’ll go sooner or later, it’s worth taking a punt on how many seats the main parties are likely to win [...]
Picking the right provider is vital for spread betters June 7, 2009 WITH volatility sitting comfortably at just below the 30 level on the Vix – a far cry from the high eighties reached post-Lehman – and the FTSE 100 range bound since early May, spread betters can no longer rely on massive swings in shares prices for their profits. This means it is increasingly important to [...]
Gain an insight into the FX markets over breakfast June 7, 2009 FOREIGN exchange trading is growing in popularity, particularly among the private investing community, who are taking advantage of the liquidity of the asset class. To give an exclusive insight into the currency markets, City A.M. and foreign exchange provider Alpari (UK) have joined forces to put on two free forex breakfast seminars, focusing on the [...]
