High volatility will add sizzle to your summer trading July 19, 2009 DURING the summer months, the stock markets, like everything else, quieten down in July and August as people head off on holiday and companies scale back their activity. The result is noticeably lighter trading volumes and relative illiquidity in the markets. As a spread better, you might therefore be inclined to take a break like [...]
US corporate news continues to rule July 19, 2009 BEN Bernanke, chairman of the US Federal Reserve, will make his semi-annual report on monetary policy tomorrow at 2pm London time. It’s expected to take a fairly upbeat overall tone on the state of the economy, but the markets will be focussing on the implications of his thoughts on inflation, and the merest hint of [...]
Plenty for markets to feast on as firms update investors July 19, 2009 REPORTING season is definitely upon us and this week offers up a cornucopia of corporate reports for the markets to devour. Dominos Pizza UK & Ireland serves up the first slice today and investors will be keen to hear whether the firm has continued to be a recession winner. It reported a nearly 10 per [...]
ECONOMIST VIEWS: WHAT IS THE OUTLOOK FOR THE UK HOUSING MARKET? July 19, 2009 SEEMA SHAH CAPITAL ECONOMICSIn our view there are more falls to come, although recent falls have been slower than seen previously. The problem is that just by looking at a couple of months rise you forget how far they have fallen from the peak. The outlook is slightly more positive than it was but we [...]
PartyGaming buys rival July 19, 2009 PARTYGAMING yesterday confirmed that it has clinched a £100m deal for the owner of bingo website foxybingo.com, Cashcade. Partygaming is believed to be paying £75m upfront for Cashcade, with £25m to be paid at a later date depending on the group’s performance this year and in 2010. In April Partygaming reached an agreement with US [...]
Boardroom bonuses remain attainable July 19, 2009 BRITISH board members are still receiving bonuses worth a third of their salaries, despite the general trend for pay to be frozen. According to the latest Executive Compensation Review survey by employment research firm Incomes Data Services, the amount board directors receive in bonuses fell by 25 per cent on 2008 when they could expect [...]
London house asking prices turn positive July 19, 2009 AVERAGE asking prices for properties in London are higher now than they were a year ago, while the yearly decline for England and Wales was trimmed to 3.1 per cent, according to property website Rightmove. Rightmove figures show that the average asking price for a UK house rose by 0.6 per cent in July on [...]
Hilton’s new sporting ambitions July 19, 2009 Hilton, the up-market hotel chain, is set to defy the gloom by opening a string of new properties, including plans to open a venue at the stadium of the MK Dons, in Milton Keynes. As part of the deal, under its Doubletree vehicle, Hilton will also become the football team’s shirt sponsor. Other new venues [...]
Tennents sale quenches thirst July 19, 2009 Scotland’s best-selling lager, Tennents, has been touted for sale by its parent company Anheuser-Busch Inbev. Investment bank Lazard has been appointed to seek out potential buyers for the business, which controls 60 per cent of the Scottish drinking market. Industry sources have put a €100m (£86m) price tag on Tennents.
Wagner’s Tesco tie-up deal July 19, 2009 Dan Wagner, the internet entrepreneur, is mulling over a return to the stock market after his online business venture, Venda, signed a tie-up with Tesco online. Wagner has signed a new contract to power Tesco’s fashion website when it goes live this autumn. It is believed that Goldman Sachs has been appointed to advise on [...]
