Chinese hustlers are taking advantage of the Cayman legal system – and British investors are paying for it
From banking to betting: the gamble that paid off May 30, 2011 IF YOU didn’t have a dot-com idea at the end of the 90s, people looked at you in a slightly odd way,” says Ed Wray, the co-founder of Betfair. After eight years in the City at JP Morgan, he reached the role of vice president on the debt capital markets desk before finding his dot-com [...]
IPO INVESTORS VENT FACEBOOK FRUSTRATION May 30, 2011 FACEBOOK does curious things to people. Most recently, it has caused frustrated investors unable to get a slice of its profits to look to other social networks for gratification. When LinkedIn made its debut on the Nasdaq this month, within two days it was valued at $10.1bn (£6.2bn). In other words, a business that is [...]
ENTREPRENEURS NEWS | IN BRIEF May 30, 2011 ORDERS GROW AT FASTEST RATE IN 16 YEARS Last quarter the UK’s small and medium-sized manufacturers saw the volume of orders at home and abroad grow at the fastest rate in 16 years, leading to another solid rise in output, said the CBI this week. But the business group warned that smaller firms are being [...]
BARCLAYS MAKES HAY AS THE PLOT THICKENS May 30, 2011 THE PLOT thickens at the Hay Festival, with news that Camilla, Duchess of Cornwall will be making an appearance today at the famous literary event. But Camilla isn’t the only surprise addition to the programme at the Hay-on-Wye books festival. Next Saturday, Wikileaks founder Julian Assange will make a rare public appearance when he gives [...]
Trading your charts for the fundamental view May 30, 2011 REAL-TIME prices can provide fundamental insights hard to find by just studying the charts. For instance, you may have noticed that the equity markets are playing the “risk on, risk off” game continuously at the moment. If you haven’t, then it’s something you should know about. Catching the swings in the equity markets relies on [...]
SELL IN MAY AND GO AWAY STILL HOLDS May 30, 2011 EARLIER this month, the FTSE 100, German Dax and major US stock indices were trading at multi-year highs. They all hit levels last seen when the financial crisis took hold in early 2008. But these indices have struggled over the past few weeks, pulling back around 3 to 5 per cent. This could be a [...]
Five key barometers that every trader of CFDs should monitor May 30, 2011 WHATEVER you plan to trade, David Morrison, CFD market strategist for GFT, suggests these five indicators to help gauge market conditions. 1. DOLLAR INDEX Since 1973, this index has tracked the strength of the dollar against a basket of other major currencies, including sterling, yen and the Swiss franc. Benchmarked initially at 100, it has [...]
THE TIPSTER May 30, 2011 COPPER miner Antofagasta rose nearly £2 last week in anticipation of their quarterly figures. Revenues were up 30 per cent to March on the back of rising copper prices. Although the red metal has fallen from its record high in the first quarter, there are still concerns over short supply. The stock is also not [...]
East meets west with this fresh take on the brasserie May 30, 2011 RIDING HOUSE CAFE 43 Great Titchfield St, London, W1W 7PQ, 020 7927 0840 www.ridinghousecafe.co.uk FOOD **** SERVICE *** ATMOSPHERE **** Cost per person without wine: £32.70 THERE’s a sense of familiarity when you walk in to the Riding House Café. Parquet flooring, tick, exposed brick walls, tick, hospital-style white tiles, tick, communal booth tables, tick [...]
THREE OTHER FITZROVIA RESTAURANTS May 30, 2011 ROKA Modern Japanese Robatayaki grill where you can see your food being whipped up freshly in front of you. Delicious pan-asian plus sushi dishes meet a light airy atmosphere. It’s a great spot for weekend feasting. www.rokaestaurant.com VANILLA Sleek sophistication just a short ten minute walk from Oxford Circus. The brasserie style menu at Vanilla [...]
