Light pool explained January 12, 2011 Q.Who is light pool aimed at? A.Light Pool is aimed at long-term investors who want to post visible trade queries without falling prey to opportunistic traders that can operate on the traditional exchanges. Q.Who can trade on Light Pool? A.Anybody will be able to trade on Light Pool, but every client will be scored by [...]
PERSONAL FINANCE NEWS January 12, 2011 BILLS HIGHER FOR THE OFFLINE Hot water and heating bills are £140 a year more for offline customers than for online customers, according to new figures from uSwitch.com. The average household energy bill is £1,239 per year, but that drops to £1,010 for online customers. Of that, the average cost of hot water and heating [...]
Asda to sell 47 of Netto UK shops to rivals January 12, 2011 ASDA, owned by Wal-Mart, has agreed to sell 47 of the stores it plans to buy from Netto UK to rivals including Morrisons and Iceland in order to win regulatory clearance for the deal. Asda has already lined up buyers for 25 of the stores, the Office of Fair Trading (OFT) said yesterday. The OFT [...]
Fenner rises on positive forecast January 12, 2011 Polymer manufacturer Fenner’s stock closed 9.02 per cent up yesterday following a positive trading statement from the company, which makes conveyor belts. The shares closed at 386.7p, up from 354.7p the previous day, as the company reported an increase in first-quarter profitability and forecast further progress in the second quarter. The firm’s chairman, Colin Cooke, [...]
EU gives approval to Sanofi bid January 12, 2011 French drugmaker Sanofi-Aventis won European Union regulatory approval yesterday for its hostile $18.5bn (£11.7bn) takeover bid for US biotech firm Genzyme, saying the deal would not reduce competition in Europe. Sanofi has offered $69 a share – or $18.5bn – to acquire Genzyme, but the price has been rejected by Genzyme chief executive Henri Termeer [...]
Uniq figures up despite snow January 12, 2011 Convenience food maker Uniq has announced that its Christmas trading was close to expectations despite bad weather. It also said that talks were continuing over a restructuring of its pension scheme and a new banking facility. The company is in discussions with the pensions regulator and its main trustee over its proposed deficit-for-equity swap. Uniq [...]
London hits 31-month closing high as Portuguese fears fade January 12, 2011 BRITAIN’S top share index hit a 31-month closing high yesterday, boosted by banks after a successful bond sale in Portugal eased investor concerns over Europe’s sovereign debt crisis, and as miners tracked metals prices higher. The FTSE 100 ended up 36.69 points, or 0.6 per cent, at 6,050.72, its highest close since early June 2008, [...]
Wall St gets boost from banking stocks January 12, 2011 US stocks ended solidly higher yesterday after European debt fears eased and sparked a broad advance, led by banks and commodity-related shares. Investors expect further flows into equities on speculation the economy will strengthen. About seven stocks rose for every three that fell on the New York Stock Exchange. Sectors typically helped by rising inflation, [...]
Sainsbury’s sees record festive sales January 12, 2011 J SAINSBURY reported its best ever Christmas sales as customers splashed out on more expensive ranges over the festive period. The supermarket group, which this month overtook Asda as the second largest supermarket in the four week run-up to Christmas, said in a trading statement yesterday that like-for like sales for the 14 weeks to [...]
Make sure you aren’t paying too much: get your tax return right January 12, 2011 IT’S THAT time of year again. We all try to pretend it’s not happening, but the reminder adverts have been slapped across the tube billboards for weeks now. So, at some point over the next three weeks, we are going to have to sit down and fill out our tax return. Many say the misery [...]
