London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
ANALYST VIEWS: WHAT DO THESE RESULTS MEAN FOR PEARSON? October 25, 2010 JONATHAN JACKSON | KILLIK & CO The group is well placed to benefit from the structural changes in its markets towards digital delivery, personalisation, subscription services and mobile devices. We remain positive on the shares. SAM HART | CHARLES STANLEY RESEARCH We expect the group to deliver solid earnings growth whatever the shape of global [...]
G20 agreement on currencies propels FTSE 100 up despite fall in bank stocks October 25, 2010 BRITAIN’S top shares ended higher yesterday, supported by strength in miners as metals and crude prices rose amid a weaker dollar after G20 finance ministers agreed to avoid competitive currency devaluations. At the close, the FTSE 100 was up 10.61 points, or 0.2 per cent, at 5,751.98, just below last Thursday’s six-month closing high. It [...]
Falling dollar lifts shares throughout Wall Street October 25, 2010 US stocks rose to a five-and-a-half month high yesterday as a falling dollar, partly driven by expectations of further stimulus by the Federal Reserve, prompted investors to buy riskier assets. The Dow Jones industrial average gained 31.49 points, or 0.28 per cent, to 11,164.05. The Standard & Poor’s 500 Index added 2.54 points, or 0.21 [...]
Rose: Shoppers can cope October 25, 2010 Stuart Rose, chairman of bellwether British retailer Marks & Spencer, said consumers can cope with government spending cuts and retail sales will grow next year, even though trading will be tough. “I believe that consumers want clarity and what the chancellor did last week was give consumers absolute clarity about what to expect,” Rose said [...]
Italy’s Banco Popolare in rights issue October 25, 2010 Banco Popolare has joined European banks tapping investors to help meet new global rules with plans for a hefty capital hike, triggering fears bigger Italian peer Banca Monte dei Paschi di Siena will join them. Shares in Verona-based Banco Popolare, Italy’s seventh largest bank by market value, plunged 5.6 per cent yesterday to €4.06 after [...]
Impax sees strong rise in assets October 25, 2010 IMPAX Asset Management reported strong trading volumes yesterday, saying it expected full year revenue to be well ahead of last year on the back of an increase of 45 per cent in assets under management (AUM). It said AUM increased to £1.8bn this year compared with £1.2bn a year earlier. The Aim-listed investment manager added [...]
SGX and ASX announce plan for merger October 25, 2010 THE Singapore stock exchange (AGX) announced an $8.3bn (£5.2bn) takeover bid for the Australian stock exchange (ASX) yesterday, in an effort to boost its position in the region and compete with Hong Kong. The new exchange would be the second largest in the Asia Pacific region by number of companies listed, at 2,700 firms from [...]
GE wins $750m contract October 25, 2010 General Electric (GE) yesterday said it won a $750m (£475.9m) contract to supply gas-fired electric turbines to India’s Reliance Power. The turbines will be part of a 2,400-megawatt expansion of an existing power plant in the Samalkot region of India. Reliance is expanding the plant to take advantage of a large recent natural gas find [...]
Best Buy bullish over the UK’s consumer climate October 25, 2010 US electricals giant Best Buy has said its UK launch has been a success with new stores trading ahead of expectations. The retailer opens a new store in Croydon on Friday and insisted it was upbeat about the long-term prospects for the consumer sector, despite data showing a bleak picture as the government’s cuts hit [...]
IHG boosted by new look Holiday Inn October 25, 2010 InterContinental Hotel Group (IHG), the world’s largest hotelier, said yesterday revenue per available room (revpar) in the Americas region was boosted by the ongoing relaunch of its Holiday Inn hotels and the return of business travellers. The company, whose brands include namesake hotels along with the Crowne Plaza and Holiday Inn, said revpar, a key [...]
