We need a new online democracy May 18, 2009 PRETTY much every UK citizen is ready to shout “you’re fired” at their local MP after the depressing expenses revelations. I’ve always believed that form is content – that how you say something is just as important as what you say. Barack Obama came to power by having such an effective way of expressing himself, [...]
Resolution is still on the hunt for life fund assets May 18, 2009 BRITISH buyout firm Resolution told investors yesterday it remains “fully engaged” in pursuing acquisition opportunities, despite deciding not to proceed with a number of deals in the quarter to the end of March. The company, launched by City heavyweight Clive Cowdery, revealed it spent £4m on due diligence investigations into possible buyout targets in the [...]
CITY MOVES WHO’S SWITCHING JOBS May 18, 2009 Collins Stewart The financial services group has appointed Mark Wilson to its equity research team as an analyst covering the pan-European capital goods sector. Wilson has covered both mechanical and electrical stocks for a number of years, from large cap through to mid cap companies. He previously worked at Goldman Sachs, Lehman Brothers and, for [...]
BLANK’S CHELSEA APPEARANCE SETS CITY TONGUES WAGGING ON HIS HEIR May 18, 2009 ANY idea that the downturn would affect corporate hospitality at the Chelsea Flower Show, traditionally one of the biggest, most important corporate schmooze-fests of the year, was smashed to smithereens at last night’s gala preview opening. Chelsea veterans including Marks & Spencer boss Sir Stuart Rose, WPP chief executive Sir Martin Sorrell, ICAP billionaire Michael [...]
EUROPEAN REPORT May 18, 2009 EUROPEAN equities closed higher yesterday as financial stocks climbed on hopes a recession in top global economies was abating, while energy shares tracked higher crude oil prices. The FTSEurofirst 300 index of top European shares closed 2.4 per cent higher at 859.88 points after falling as low as 827.32. The index, which slumped 45 per [...]
Banks lead the FTSE higher and bulls reboot interest in sofware companies May 18, 2009 THE FTSE 100 sprung to life yesterday, driven by banks which were led higher by confirmation of Lloyds Banking Group’s rights issue and the announcement that Sir Victor Blank would step down as its chairman. The index erased almost half of last week’s losses, closing 2.3 per cent, or 98.34 points, higher at 4,446.45 points. [...]
SPOTLIGHT ON SMALL CAPS May 18, 2009 SMALL cap stocks continued their slow rally yesterday, with the FTSE small cap index adding 0.39 per cent to 2,241 points and the Aim 100 rising 0.17 per cent to 2219. Counter-terrorism and intruder prevention specialist Eruma added over a quarter of its value to 1.75p after announcing it had signed a contract for over [...]
Lowe’s results improve Wall Street’s retail mood May 18, 2009 US STOCKS rallied yesterday as better-than-expected results from the number two US home improvement retailer, Lowe’s, helped spark broad-based buying on hopes the recession is easing and consumer spending is stabilising. Investors’ optimism extended to sectors closely aligned with economic growth, including homebuilders, banks, energy companies and retailers. Positive broker comments on Bank of America, [...]
Sunderland in danger after letting it slip May 18, 2009 SUNDERLAND’S bid to avoid relegation from the Premier League will go right to the very last game of the season after they relinquished a one-goal lead to go down at Portsmouth. Ricky Sbragia’s men had survival in their sights when striker Kenwyne Jones tapped home the opening goal. But the optimism lasted barely a minute [...]
Milan step up renewed chase for Adebayor May 18, 2009 THE future of Arsenal striker Emmanuel Adebayor looked all the more uncertain last night after AC Milan president Silvio Berlusconi insisted there was a “good chance” the Togo international would sign in the summer. Adebayor was a target for the Italian giants last summer before the striker signed an extended contract at the Emirates Stadium. [...]
