Has muted market reaction to the referendum hurt Greece’s hand in impending negotiations? July 6, 2015 Paras Anand, head of European equities at Fidelity Worldwide Investment, says Yes The benign market reaction following Sunday’s referendum, and ultimately the increased probability of a Grexit, will strengthen the perception that systemic risk from such an event is modest. While some have correctly suggested that spreads on sovereign bonds are being distorted by the [...]
Perfect storm: Are US equities heading for a sell-off? July 6, 2015 US equities have been on a six-year bull run and the seemingly unstoppable S&P 500 has repeatedly hit new highs. It reached a record level of 2,408 on 10 April this year, giving investors who bought the market a return of 183 per cent over the last six years. The economy has continued to recover [...]
The OECD on Greece: The country desperately needs reform – CNBC Comment July 6, 2015 Ahead of the weekend’s resounding “no” vote out of Athens, the main Greek stock market had had a surprisingly good second quarter: it was up by around 3 per cent, outperforming major European indexes such as the UK’s FTSE, down almost 3 per cent; Germany’s Dax, down almost 8 per cent; and the French Cac, [...]
Lord Mayor Alan Yarrow plans to make City Giving Day bigger and better July 6, 2015 How much do you really know about the charitable work your company is doing? Lord Mayor Alan Yarrow thinks it is time the City shouted a bit louder about the good it does on top of its invaluable financial operations – and he wants your company to join in. The best can hope to be [...]
Car review: Mercedes-AMG puts the OMG into the GLE Coupé July 6, 2015 Shy and retiring types need not apply. The Mercedes-AMG GLE 63 S Coupé is not a car for those who put discretion and subtlety high on their list of priorities when looking for a new car. Almost everything about this SUV coupé reeks of vulgarity and excess. At first glance the SUV coupé looks [...]
Not convinced? July 6, 2015 CHECK OUT THESE ALTERNATIVES… BMW X6 M PRICE: £93,080 0-62MPH: 4.2 secs TOP SPEED: 155mph CO2 G/KM: 258g/km MPG COMBINED: 25.4mpg THE VERDICT: DESIGN Three Stars PERFORMANCE Four Stars PRACTICALITY Three Stars VALUE FOR MONEY Two Stars RANGE ROVER SPORT SVR PRICE: £91,150 0-62MPH: 4.5 secs TOP SPEED: 162mph CO2 G/KM: 298g/km MPG COMBINED: 22.1mpg THE VERDICT: DESIGN Three [...]
Wimbledon 2015: Andy Murray still concerned with shoulder despite win over Ivo Karlovic July 6, 2015 Britain's Andy Murray admitted he remains troubled by a shoulder injury despite dispatching big-serving Croatian Ivo Karlovic to reach an eighth successive Wimbledon quarter-final yesterday. Read more: I’m ready for Wimbledon, warns Murray Murray entered the clash boasting the highest percentage of return games won in the tournament and most points taken against [...]
Wimbledon 2015: Serena Williams brushes aside sister Venus to reach last eight July 6, 2015 World No1 Serena Williams insisted that she feels at her most lethal in grand slams from the quarter-final onwards after defeating elder sister Venus to reach the last eight of Wimbledon yesterday. Read more: Williams sets up tilt for 20th career grand slam title Five-time champion Serena prevailed in straight sets, 6-4, 6-3, to [...]
Open 2015: Football injury puts Rory McIlroy’s chances of defending Claret Jug in jeopardy July 6, 2015 World No1 Rory McIlroy’s Open defence is in grave doubt after he severely jeopardised his participation at St Andrews next week by rupturing ankle ligaments while playing football. Read more: Rory absence would be Major let-down McIlroy yesterday refused to rule himself out of the tournament, but will miss this week’s Scottish Open and [...]
Golf Comment: Rory McIlroy absence from the Open would be a major let-down July 6, 2015 An injury so close to the Open Championship is a player’s worst nightmare so I feel for Rory McIlroy. Read more: Kickabout ends McIlroy chances of defending the Open US Open and Masters winner Jordan Spieth has put him in the shade a little by winning the year’s first two Majors, and McIlroy would [...]
