THE TIPSTER December 13, 2011 THE euro traded at more than a two month low against the dollar, as the grim reapers of the credit rating world said that the recent EU summit didn’t indicate a solution for the Eurozone debt crisis. While we might see some small squeezes in euro-dollar, traders should be cautious, as this is a bear [...]
Eurozone woes will strengthen the dollar December 13, 2011 CMC MARKETS MICHAEL HEWSON Given the problems within the euro area, the dollar looks as if it could post further gains as we head into 2012. However, talk of further easing from the Fed may weigh on the greenback in the medium term, especially with the political deadlock between Republicans and Democrats in the lead [...]
HOW TO TRADE CENTRAL BANK INTERVENTION December 13, 2011 DEALING ROOM MANAGER, EASY-FOREX CENTRAL bank intervention in the forex market is not unusual and presents significant opportunities for profit, but also risk. Interventions are usually in response to long-developing and unwanted misalignments in market valuation. As these misalignments develop, the trader must be alert to the increased risk of intervention and the specific characteristics [...]
Official timekeeper for 2012 finds too many brand benefits to count December 13, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 226 DAYS TO GO Omega’s president Stephen Urquhart explains why it will be keeping time in London once again Q. What was your brand’s primary reason for being involved with the Games? A. Omega first served as Official Olympic Timekeeper at the 1932 Los Angeles Olympic Games and [...]
Clio Eco shows green doesn’t mean bad December 13, 2011 As other manufacturers rush to brand name their most economical cars with monikers like Bluemotion, Econetic and EfficientDynamics, Renault’s more fuel efficient combustion-engined cars are badged simply “Eco” and with no bright, blue or green badging on the bodywork at the rear you’d be hard pressed to know that you’d bought such an economical car. [...]
CAR TALK December 13, 2011 BENTLEY TO LAUNCH FUEL EFFICIENT MODELS Bentley is to launch Continental GT and GTC models with a more fuel efficient 500hp twin-turbo 4.0-litre V8 engine. Capable of 0-60mph in under five seconds, the new engine is 40 per cent more efficient in terms of fuel and CO2 emissions than the existing flagship 6.0-litre V12 powered [...]
Petrofac ups profits guidance to 20pc December 13, 2011 British oil services firm Petrofac upped its profit guidance for this year and said a $10.6bn (£6.7bn) order backlog gave it the confidence to predict strong growth in 2012. Petrofac, which designs and builds oil and gas infrastructure and also invests with producers in oil fields, said it expected to report like-for-like 2011 net profit [...]
Inflation falls to 4.8pc December 13, 2011 The (CPI) inflation figure in the UK fell to 4.8 per cent in November, down from five per cent the month before, according to the Office for National Statistics. Retail Prices Index (RPI) inflation – which includes mortgage interest payments – fell to 5.2 per cent from 5.4 per cent. The fall was partly due [...]
Whitbread sales growth slows in tough economy December 13, 2011 Britain’s biggest hotel operator WhitbreaD said its sales growth had slowed in the third quarter as tough economic conditions kept customers away from its Premier Inn hotels and Costa Coffee shops, which had previously proved resilient. The group, which also owns the Beefeater and Brewers Fayre pub restaurant chains, said on Tuesday sales at outlets [...]
Thomas Cook sells Spanish chain for £61m December 13, 2011 Thomas Cook said it had sold its Spanish hotel chain Hotels Y Clubs De Vacaciones (ICV) to Grupo Iberostar for 72.2 million euros (£61m) as part of its plans to cut debt. HCV is being sold with net debt of 22.4m euros so the transaction will reduce Thomas Cook’s net debt by 94.6m euros. “We [...]
