FTSE expected to open down on profit taking July 3, 2011 WITH many US markets closed today due to the Independence Day holiday, European stocks could be presented with the ideal opportunity to cash in some of the substantial gains generated last week. GFT quotes two-way prices on stock indices around the clock, even when the underlying markets are closed. The FTSE 100 index is called [...]
WALL STREET WEEK AHEAD July 3, 2011 A PULLBACK could be on the table this week for US stocks after their best weekly performance in two years, especially if a raft of data headlined by the June jobs report doesn’t bolster the argument of a strengthening economy. Stocks rose for five straight days as the fog of the Greek debt crisis appeared [...]
Adventures tailor-made for City boy weekends July 3, 2011 IT’S the perennial Monday morning question: “What did you do over the weekend?” And in most offices: “Erm, not much,” just doesn’t cut it week after week. Especially in the City, where even the most passive of activities can be made competitive. Three men – Alastair Poulain, a former venture capitalist, Nick Newbury who worked [...]
HOW TO LAUNCH YOUR BUSINESS ACROSS EUROPE July 3, 2011 WE LIVE in an age where every business that operates in the digital space has the potential to make an instant global impact. Just look at Tweetdeck – a London startup that was snapped up by Twitter last month for $40m, just three years after launching. Many other digital businesses in the UK are looking [...]
ENTREPRENEURS NEWS | IN BRIEF July 3, 2011 MIND CANDY AND LOVEFILM WIN AWARDS The British Private Equity and Venture Capital Association (BVCA) awarded Mind Candy and LoveFilm business management awards at a black tie ceremony held in London last week. Mind Candy, the business behind children’s social networking sensation Moshi Monsters, picked up the Venture Capital Backed-Management Team of the Year award, [...]
Pro traders have a gloomy outlook for global economy July 3, 2011 LIVING, as we do, in uncertain economic times, it is helpful to take a peek at what the experts are doing. Simon Brown is the person to turn to. He is managing director of ProSpreads, a Gibraltar based spread betting provider catering only to professional traders. Because of its niche clientele, Brown is able to [...]
THE WEEK AHEAD in association with GFT July 3, 2011 COMPANIES ● Tomorrow, St Modwen Properties will release its interim results. It is not a good time to be in the housing business, but the management recently announced it expects “results for the half year and net asset value increases to be at the top end of management expectations, and ahead of consensus forecasts”. ● [...]
THE TIPSTER July 3, 2011 A REPORT from the US Department of Agriculture at the end of last week, flagging a marked increase in the amount of corn being sown by farmers, sent prices tumbling. A good harvest will certainly take the pressure off food supplies and in turn the prices being charged globally, but some will simply see this [...]
GLENCORE’S GLASENBERG SHOWS HIS SOLIDARITY July 3, 2011 GLENCORE boss Ivan Glasenberg is notoriously elusive – but one event that persuaded the commodities billionaire to make a rare public appearance was a high-level mining industry dinner at Lord’s Cricket Ground in St John’s Wood. Glasenberg was no doubt drawn to the fifth London event of The Melbourne Mining Club last week by the [...]
BILL OF THE WEEK July 3, 2011 LUC’S BRASSERIE in Leadenhall Market was the venue for six Square Mile residents who set the tone for a bibulous summer lunch by starting with aperitifs of vodka, gin and the champagne-style lager Kasteel Cru. It seems the party had a lot to celebrate, as two bottles of champagne were added to the tab to [...]
