Weak demand for commodity and bank shares drag on FTSE March 9, 2011 WEAK commodity and bank stocks dragged Britain’s leading shares index lower yesterday as oil prices climbed after intensified fighting in Libya. At the close, the FTSE 100 was down 37.46 points, or 0.6 per cent, at 5,937.30, having hit a low for the week at 5,922.66 in the afternoon before recovering. “Only a dyed-in-the-wool optimist [...]
Texas Instruments leads Wall St losses March 9, 2011 A weak outlook from Texas Instruments weighed on the Nasdaq yesterday and pushed an index of chip makers below a key technical level in a worrisome sign for the market’s six-month uptrend. The PHLX semiconductor index fell 3 per cent to close below its 50-day moving average, which represents medium-term momentum, for the first time [...]
THE PARTY’S OVER FOR TCHENGUIZ BROTHERS March 9, 2011 THEY came, they saw, they conquered – and then the Tchenguiz brothers were arrested by the Serious Fraud Office yesterday morning in connection with the collapse of the Kaupthing Icelandic bank. The dramatic raid at the property developers’ Mayfair HQ has been the talk of the MIPIM property fair at Cannes, where the brothers were [...]
Africa’s future looks bright to Renaissance March 9, 2011 EVEN in times of relative stability, media reports on Africa lead many investors to think they can find better places for their money. So with turmoil rolling across the north of the continent this impression has only intensified – the jubilation of Cairo’s Tahrir Square has been replaced by the brutality of Muammar al-Gaddafi. However, [...]
The glass is half full for ISA investors in stocks and shares March 9, 2011 WITH the end of tax year deadline swiftly approaching, investors should make sure that they take advantage of the generous £10,200 allowance for individual savings accounts (ISA). This can either be used in its entirety for stocks and shares or up to £5,100 can be put into a cash ISA with the remainder in stocks [...]
Pouring into the red liquid market offers tasty returns March 9, 2011 A COMPOUND annual growth rate of 15 per cent since 1999: sounds good, doesn’t it? It sounds even better when you find out that’s higher than US and UK equity markets and comparable only to property without, er, being property and suffering its recent fate. Surely it can’t get better than that? Well, actually, it [...]
When the boss is out you can shine March 9, 2011 IT’S a peculiar thing, but whenever David Cameron goes away on holiday or on overseas business, his deputy Nick Clegg fails to shine. Recently the deputy PM even said he had “forgotten” that he was running the country. For most people though, the boss being away is a good opportunity to make their mark. But [...]
Vintage cars meet zorbing at the British Leisure Show March 9, 2011 WITH the economy seemingly stuck in the doldrums, we all need a break. If you are short of ideas then you could do worse than head along to the British Leisure Show, which will be held on 11-13 March at the Royal Windsor Race Course. Now in its second year, the show is the brainchild [...]
The three tips for chairing a great meeting March 9, 2011 CHAIRING a meeting can be a daunting experience, but one that sooner or later we all have to face. Professor Cliff Oswick is in charge of organisational theory at Cass business school in London, and also head of a faculty of 130 staff – and estimates (with a sigh)?that he chairs about 60 meetings a [...]
THE MAN BRINGING CHELTENHAM TO THE SQUARE MILE NEXT WEEK March 9, 2011 IN 18 months, Simon Parker Bowles’s Cornhill restaurant, Green’s Restaurant & Oyster Bar, has become a firm City favourite, mixing time-honoured qualities – simple but sumptuous food, clubby surroundings, a very well-stocked cellar – with a theme that reflects Parker Bowles’s own particular passion: horse racing. The Runner Bar takes its name from the sport, [...]
