FSA boss wants eurobonds and fiscal integration to stop crisis April 26, 2012 JOINT eurobonds and greater fiscal integration are both vital steps which Eurozone nations should take to end the current crisis and reduce some of the pressures which created the current panic, Financial Services Authority (FSA) chairman Adair Turner said today. He also called for national regulators to be given greater macroprudential powers to tackle bubbles [...]
Inflation expectations going up April 26, 2012 AFTER months of falling as the Bank of England hoped, inflation expectations are rising once more, a survey showed yesterday. The median consumer price inflation expectation for the next year rose from 2.7 per cent in March to three per cent this month, according to data gathered by YouGov. “The UK is displaying both sides [...]
Surprise gains at Volkswagen as sales surge April 26, 2012 VOLKSWAGEN (VW) boosted operating profit by 10 per cent in the first quarter despite shrinking demand for vehicles in the car maker’s western European core markets and spending on a technology overhaul. Operating profit increased to €3.21bn (£2.6bn) from €2.91bn a year earlier, the German car maker said in a statement yesterday, beating analysts’ expectations [...]
LONDON 2012 IMAGE OF THE WEEK April 26, 2012 THE Olympic torch has won acclaim, picking up the Design of the Year award at a ceremony hosted by the Design Museum. Created by Barber Osgerby, the torch is perforated with 8,000 circular holes to reduce weight and prevent heat conduction. It was used this week in the Olympic torch relay dress rehearsal. Between now [...]
Fiat net profit beats forecast as Europe lags April 26, 2012 ITALIAN car maker Fiat, which holds a majority stake in Chrysler, said yesterday that revenue from mass market car sales in Europe fell 13.1 per cent in the first quarter, a shortfall that was more than compensated for by booming car sales in the US. Its group trading profit including Chrysler was €866m (£707m), better [...]
WHO’S SWITCHING JOBS April 26, 2012 Avoca Capital The European credit investment manager has appointed Stephen Holland as director of sales and marketing. Holland will spearhead Avoca’s growth in North America. Most recently he was business development manager for Abbey Capital, a Dublin-based hedge fund. He has also served as head of sales for Bank of Ireland Asset Management. BlackRock The [...]
BEST of the BROKERS April 26, 2012 ITV Liberum reiterates its “buy” advice on the media group, increasing its target from 135p to 140p. The brokers say ITV Family advertising could grow by six per cent for the year, outperforming the market. And a summer of sport will be beneficial to ITV – even though it will not show the Olympics. VIRGIN [...]
Bumper results lift FTSE higher April 26, 2012 BRITAIN’S top shares pushed higher yesterday, notching up a third session of gains as investors digested a big bag of blue chip results, with advances in oil majors outweighing a heavy fall in drugs firm AstraZeneca. The FTSE 100 index closed up 29.83 points, or 0.5 per cent, at 5,748.72 after a choppy session, continuing [...]
Housing data boosts stocks April 26, 2012 US stocks rose for a third day yesterday after upbeat housing data and stronger-than-expected results from companies, including Citrix Systems, overshadowed some high-profile earnings misses. Pending home sales rose to nearly a two-year high in March, sending the Philadelphia Stock Exchange index of housing-related shares up three per cent. Shares of homebuilder Lennar climbed 5.7 [...]
We must campaign with one voice to end financial illiteracy in the UK April 26, 2012 WE NO LONGER live in a world where our financial futures are taken care of by either the government or our employers. Today, we are increasingly expected to take personal responsibility for planning for the long term. If we are to make the right decisions, we need to understand the language of economics, statistics and [...]
