Barclays stabilises as value investors return July 2, 2012 AS Barclays’ shares bounced back yesterday, this served as an important reminder to retail traders that the markets are not rational and it is easy to get your fingers burned. Anybody set up to take a short position on the FTSE open would have been hurt as the bank went on to be one of [...]
ECB MANOEUVRES HAVE NOT CHANGED THE EU DYNAMICS July 2, 2012 FX360 FRIDAY’S trading brought the first half of the year to an extraordinary conclusion. Risk assets soared, as investors responded to news from the EU summit. Expectations for a positive outcome from the meeting were low to non-existent. Yet, despite the well-publicised objections by Germany in the lead-up, European leaders cobbled together an agreement to [...]
THE TIPSTER | Hoping for a high-flying statement July 2, 2012 BUDGET airline Easyjet will be hoping that the Eurozone crisis is not going to put off people from travelling this summer, as it issues its a trading statement on Thursday. Its share price has done its own share of high flying, putting on over 30 per cent in 2012. With the far from clement conditions [...]
Doing the UK supermarket sweep July 2, 2012 THE jubilant spending during the Queen’s diamond jubilee may have given the high streets a boost, and inflation is being slowly reined in, but UK supermarkets are still facing a difficult year ahead. According to the Confederation of British Industry (CBI), the Queen’s Diamond Jubilee boosted retail sales in June, but shop sales were down [...]
Analyst picks for 2 July 2012 July 2, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie dollar-dollar and Aussie dollar-yen Expertise: Fundamental and technical analysis Average time frame of trades: 1 day to 1 week Technical divergences are building and it appears we have completed five waves up in the Aussie dollar-yen and Aussie dollar-dollar, the FX market’s barometer of risk-appetite. As such, [...]
North Road is a Scandinavian joy July 2, 2012 RESTAURANT NORTH ROAD 69-73 St John St, EC1M 4AN Tel: 020 3217 0033 FOOD **** SERVICE **** ATMOSPHERE **** Cost per person without wine: £75 Scandinavia is having quite a moment. We watch its TV shows, we wear its jumpers, we buy its furniture (while hoping people won’t notice it came flat-packed in a cardboard [...]
Roast still does British cuisine (pretty) well July 2, 2012 RESTAURANT ROAST The Floral Hall, Stoney Street, SE1 1TL Tel: 0845 034 7300 FOOD *** SERVICE **** ATMOSPHERE *** Cost per person without wine: £45 Roast has been around for six years. There was a time when it was one of the foodiest restaurants in London, by which I mean the sort of place those [...]
EPISODE 60 – RETURN OF SUNDAY LUNCH July 2, 2012 We’ve reinstituted Sunday lunch chez Cashman. My parents sit at one end of the table and Emma’s at the other. Emma and I are scheduled to sit between our respective in-laws but would both prefer not to do so. Maria and Noel sit mid-table, opposite one another. They are intended to operate as buffer states [...]
Barclays chairman quits in Libor shame July 1, 2012 Barclays’ chairman Marcus Agius will resign this morning as the embattled bank struggles to contain a growing crisis that began with last week’s £290m fine for abusing the Libor interest rate. The departure of Agius comes after Barclays’ shareholders, politicians and regulators have all expressed shock at the circumstances behind last week’s settlement, which has [...]
Eurozone summit fails to solve growing debt crisis July 1, 2012 EUROZONE leaders made only a few small steps towards easing the pain caused by the sovereign debt crisis, and remain far away from targeting the root causes of the currency area’s problems, economists have warned. Politicians agreed last week to make plans for a “single supervisory mechanism” for Eurozone banks, probably run by the European [...]
