WHO’S SWITCHING JOBS May 1, 2012 Providence Resources The Aim-quoted oil gas and exploration company has appointed Simon Brett as chief financial officer with immediate effect. He has previously held senior finance positions with Damovo Ireland and Coca Cola Bottlers Ireland, and worked at Johnson Wax, Sega Europe and US Can Corporation. New World Oil and Gas The oil and gas [...]
BEST of the BROKERS May 1, 2012 AB INBEV Liberum Capital has maintained its “buy” rating on the brewer and raised its target price from €63 to €68 following its quarterly update this week. The broker says it was encouraged by the expansion in the company’s gross margin – up 200bp globally and 450bp in North America. It says the most important [...]
FTSE closes above 5,800 mark after good US data boosts world outlook May 1, 2012 B RITAIN’S top share index jumped more than one per cent yesterday after stronger-than-expected US manufacturing data gave a lift to global growth hopes, pulling commodity stocks higher. Banks were also in demand as investor risk appetite returned. Shares of Lloyds rallied more than eight per cent after the part state-owned lender reported a £288m [...]
Dow ends at highest level in four years May 1, 2012 THE Dow closed at its highest level in more than four years yesterday after US manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery. The Dow Jones industrial average gained 65.69 points, or 0.50 per cent, to 13,279.32 at the close. The Standard & Poor’s [...]
Recession in the Eurozone reminds us why economic reform is so vital May 1, 2012 MUCH of the Eurozone has now tipped back into recession, prompting cries for pro-growth policies and increased spending. In these difficult times, austerity has become a dirty word, but this masks the wider failings of individual government policies and is a diversion from the collective challenge of keeping the Eurozone intact. Any attack on austerity [...]
People calling for an equal tax burden ignore how wealth is generated May 1, 2012 IN A recent article, Times columnist Philip Collins implied that an individual’s income is really the collective property of all citizens. He did not use those words, of course. He is a former speech writer for Tony Blair and a political moderate, not a communist. But he said something that makes sense only if all [...]
Contradictions in new bank rules create fresh risks May 1, 2012 ECONOMIC issues will dominate political discussions about the votes taking place across the EU in the coming month. As well as our own local elections, there are local elections in Germany and Italy, presidential elections in France and Hungary, a general election in Greece and a referendum in Ireland on the EU’s new fiscal treaty. [...]
Are the huge queues at Heathrow airport a problem for Britain’s reputation overseas? May 1, 2012 YES Willie Walsh London rightly aspires to be the business capital of the world. And the government keeps telling us that the UK is “open for business”. Why, then, are ministers apparently content to see potential overseas investors, and UK business people returning from securing vital job-creating contracts, frequently queue for over an hour just [...]
RAPID responses May 1, 2012 Brain drain [Re: It’s time for the supporters of the single currency to apologise, yesterday] An excellent article. As someone who works in recruitment, many of my best applicants are from Greece, Portugal, Spain and increasingly Italy. But not too many from Ireland, yet. The irony is that these are the most highly-skilled and mission-critical [...]
Time to buy your tickets for our trading extravaganza May 1, 2012 CURRENCY trading is as popular as ever, but does it have a place as part of a portfolio of stocks, bonds, and other asset classes? In order to answer it we need to look at a range of factors and cross-market correlations to see where it might fit in with a well-diversified investment programme. We [...]
