THE TIPSTER November 29, 2010 THE US car giant Ford is due to give a trading update tomorrow. Its stock has rallied over 50 per cent in 2010 thanks to optimism that quantitative easing will prevent a double dip and people will keep buying cars. It was only two years ago since the stock was trading at $3 and looking [...]
Better Capital promises more deals after a strong first year November 29, 2010 JON Moulton’s turnaround house Better Capital reported encouraging progress in its first interim results yesterday. Moulton, founder and managing partner, said they were “quite pleased with the progress to date.” It has committed £57.5m to four firms: Gardner, RD Precision, Reader’s Digest and Calyx. The portfolio generated a profit of £3.5m in the period. Analysts [...]
MARKETS NEWS November 29, 2010 CMC’S NEW CHARTING PACKAGES CMC Markets has announced the launch of a new charting software package for both demo and live spread betting accounts. The software allows clients to use professional real time charts to improve their trading. Line, candle, open-high-low-close and spread charts are all available, while clients can also use technical analysis tools [...]
OECD: Better run NHS could save billions November 29, 2010 NATIONAL Health Service (NHS) inefficiency is the third worst among peer countries, according to a new study released yesterday. Only Greece and Ireland’s healthcare sectors had more scope for efficiency savings, according to the Organisation for Economic Co-operation and Development (OECD). The UK came out well below the OECD average. The study gathered data from [...]
Snuggly ways to beat the brrr November 29, 2010 YESTERDAY was the first day this year when Londoners thought, hang on, this is serious. Well, if forecasters are correct, we’re in for a lot more days where stepping outside is painful, and getting out of bed agony. So we believe you should take steps, in the form of plenty of snuggly vestments. Here we’ve [...]
UK housing slump continues November 29, 2010 MORTGAGE approvals reached an eight-month low in October, according to official data released yesterday. The Bank of England’s lending figures showed that only 47,185 mortgages were approved. A healthy UK housing market would record closer to 80,000 mortgages per month. The news pours more misery on the housing market, after recent figures showed a similar [...]
Eurozone sees boost in morale November 29, 2010 EUROZONE economic sentiment rose to a three-year high in November, the EU announced yesterday. Despite problems in the periphery, the Economic Sentiment Indicator (ESI) rose by 1.5 points in the 16-country currency block. It also increased by 1.3 per cent across the EU. The results were boosted by a strong German increase of 2.8 points, [...]
All cosied up? Time to drink yourself warmer November 29, 2010 THE next best thing to snuggling up in a woolly jumper or – if you’re a City A.M. reader, perhaps a Burberry snood – is a warming tipple. We’ve carefully combed the options to find the best ones near you. CITY Five hot cocktails are on offer at the Folly and the Anthologist near Bank, [...]
CSR provokes consumer fears November 29, 2010 CONSUMER confidence in the UK tumbled in November, according to European Commission (EC) data released yesterday. The indicator dropped to an 18-month low of -18.4. The news comes as a surprise after recent figures showed a boom in retail sales shooting upwards. The EC findings were “undoubtedly the consequence” of the coalition’s spending review, according [...]
Companies hit buyout trail as cash piles up November 29, 2010 COMPANIES sitting on a global cash pile of about $4.3 trillion (£2.76 trillion) are set to fuel a pick-up in takeover deals and handouts to shareholders, providing a prop for equity markets in an uneven recovery. Asian businesses, bolstered by the strength of their domestic economies, are likely to be most active in mergers and [...]
