CITY VIEWS: DO YOU THINK IT IS RIGHT FOR THE POLICE TO CANCEL SPORTS EVENTS DUE TO THE RIOTS? August 11, 2011 ARNO VAN ROOYEN | VELOCITY “No, the police should ensure that riots are under control so that day-to-day events can still go ahead. This is why we pay taxes. If they cancel these events as a result of the riots what’s next, the Olym-pics?” NICHOLAS DERSLEY | LEBARA MOBILE “Yes, If we are hosting people [...]
FTSE rallies but outlook still unclear August 11, 2011 AFTER a week of some of the most volatile trading since the crash of 2008 — following the US credit downgrade, rumours swirling around French banks and concerns over the Eurozone debt — most analysts are reluctant to predict where the FTSE 100 will be by end of year. The FTSE 100 index jumped by [...]
Melrose told to put or shut up August 11, 2011 INDUSTRIAL takeover group Melrose reacted angrily after its takeover target Charter International referred it to the Takeover Panel yesterday. The Panel set a “put up or shut up” deadline of 6 September for Melrose to either make a formal offer or walk away, giving it less than four weeks to conclude its deal. Engineering group [...]
Soy and grain futures rise as US warns on harvests August 11, 2011 FOOD commodities such as grain, corn and soybeans saw futures prices soar yesterday after the US government said months of bad weather would slash crop yields. The department of agriculture said droughts in corn-producing areas and heavy rain and floods in other parts of the US would cut crop sizes. The US report, based on [...]
ANALYST VIEWS: WHERE WILL THE FTSE END THIS YEAR? August 11, 2011 GRAHAM SECKER | MORGAN STANLEY The markets are not going to be that far away from where they are right now. I don’t think there is a huge amount of upside for equities at this time given the structural problems that seem to be emerging. I would be very surprised if the FTSE didn’t fall [...]
Jaguar Land Rover boosts Tata August 11, 2011 Jaguar Land Rover’s sales for the second quarter rose 4.9 per cent on last year to stand at 62,090 units, the carmaker said yesterday. This is thanks to a strong growth in Russia and China, along with better product and market mix. Revenues grew from £2.26bn in the second quarter last year to £2.7bn in [...]
Number of repossessions declines August 11, 2011 British mortgage lenders repossessed seven per cent fewer homes in the first half of 2011 than they did in the first half of 2010, their industry body said yesterday. The Council of Mortgage Lenders said 9,000 repossessions took place in the second quarter of 2011, down from 9,100 in the first quarter. Repossessions totalled 18,100 [...]
Ocado growth forecasts slashed August 11, 2011 Goldman Sachs has cut its sales and earnings forecasts for online grocery group Ocado after the firm said its lack of warehouse capacity was continuing to hinder growth. Goldman, one of Ocado’s two brokers, revised its 2011 sales forecast down two per cent, and cut its 2012 forecasts by five per cent. It said forecast [...]
AB InBev ups price to cover slowing sales August 11, 2011 ANHEUSER-BUSCH InBev, the world’s largest brewer, lifted core profit in the second quarter as price rises compensated for weak beer sales in its main markets of the US and Brazil. The group, which makes Stella Artois, Beck’s and Budweiser, said beer volumes in the UK had fallen by 17 per cent after it came up [...]
World’s largest brewer benefits from its exposure to the emerging markets August 11, 2011 IN years gone by, people used to respond to economic turmoil by hitting the bottle. If they’re drowning their sorrows this time round, they aren’t drinking beer brewed by Anheuser-Busch InBev, at least not in the West. In North America, volumes fell 1.4 per cent in the second quarter and they were off 4.3 per [...]
