London Report: Vodafone lifts FTSE as mining shares weaken December 9, 2013 FTSE 100 heavyweight Vodafone helped lift Britain’s benchmark equity index yesterday, as gains in the telecoms group offset weaker mining stocks that had earlier pegged back the market. Yet despite the late rally, some traders expressed doubts over whether the FTSE 100 would end 2013 at a record 7,000 points as some investors have previously [...]
New York Report: S&P 500 hits a record high as rally continues December 9, 2013 US STOCKS edged higher yesterday, with the S&P 500 closing at a record high last night, as traders awaited more clues from the Federal Reserve on whether the it would soon begin winding down its economic stimulus. Volume was light and a volatility index fell, signalling calm among traders. The Dow industrials traded within 43.11 [...]
The tech giants are right: We could be sleepwalking into a surveillance state December 9, 2013 THE CHIEF executives of eight of the biggest businesses in the world sent a clear message to global leaders yesterday: as far as surveillance laws are concerned, the status quo is not an option. It is hardly a common occurrence that AOL, Apple, Facebook, Google, LinkedIn, Microsoft, Twitter and Yahoo agree on something, let alone write [...]
The real reason the chancellor should not let the OBR audit party manifestos December 9, 2013 IT HAS been a tough week for Ed Balls. Many within Labour are said to be questioning his position as shadow chancellor following his disastrous response to George Osborne’s Autumn Statement. While Balls claims he “couldn’t give a toss” about the speculation, he needs to repair his party’s economic credibility, and fast. That’s one reason [...]
Why the 50-year bull market may end with a whimper not a bang December 9, 2013 MY NEXT Gresham professorial lecture has the provocative title “Was Karl Marx always wrong?”, but those wanting a detailed dissection of Marxism should stay away. Rather, I used this to highlight one of the important phenomena of our times – the falling share of labour incomes of GDP. The fall has meant a growing share [...]
Letters to the Editor – 10/12 – SME support, Savings crisis, Best of Twitter December 9, 2013 SME support [Re: Autumn Statement 2013: What it means for UK entrepreneurs, yesterday] Philip Salter’s points are well made – the chancellor’s initiatives are far too little and far too late to make much of a difference. While action on business rates was a step in the right direction, for example, they are still in urgent need of [...]
Cook: Ashes aren’t gone yet December 9, 2013 England must prove mettle at the WACA, says beaten captain BELEAGUERED England captain Alastair Cook has urged his crumbling side to defy their atrocious record in Perth and snatch a last Ashes lifeline in the third Test this week. A 218-run defeat to Australia in Adelaide early yesterday has left England facing defeat and a [...]
Lord’s sparked Aussies’ revival December 9, 2013 AUSTRALIA coach Darren Lehmann believes the turning point in their transformation from Ashes laughing stock to conquerors of England came after their drubbing at Lord’s in the summer series. They lost by 347 runs, only four men scoring above 20 in either innings, as England marched into a 2-0 lead. Yet, just five months on, [...]
Striker Campbell quiz on fix claim December 9, 2013 BLACKBURN were in talks with striker DJ Campbell last night after the former Premier League player was arrested and quizzed by police investigating claims of match-fixing in football. The 32-year-old, who has also played for QPR, Blackpool, Leicester, Birmingham and Brentford, was among six men held on Sunday following allegations in The Sun. He was [...]
Lucky Swansea hit back at Hull December 9, 2013 SWANSEA boss Michael Laudrup conceded his side had ridden their luck after defender Chico Flores earned the home side a 1-1 draw with Hull in the Premier League. Former Swans striker Danny Graham touched in Ahmed Elmohamady’s cross for his first league goal since New Year’s Day but Flores bundled a fortunate equaliser before Laudrup’s [...]
