Short supply will start to push the oil price up September 22, 2010 AFTER the furore following the BP oil well disaster, it now seems like crude oil is the only commodity that people aren’t talking about. Surges in the price of cotton, wheat and even orange juice mean soft commodities are hitting the headlines on a daily basis. In contrast, movements in the oil price have been [...]
CHEAP SILVER ALTERNATIVE BUY TO GOLD September 22, 2010 SENIOR ANALYST, ETF SECURITIES GOLD has continued to post new all-time highs this week as gold prices have closed in on $1,300 an ounce, but what of its close cousin, silver? While the gold price continues to rise, the silver price remains at less than half of its historic high of the early 1980s. But [...]
LISTED PRODUCT NEWS September 22, 2010 BLACKROCK’S ISHARES OFFERS NEW ETFS The Exchange Traded Funds (ETF) platform of BlackRock, iShares has launched a new swap-based product platform, which gives exposure to India and Russia. This development is in response to the growing appetite for exposure to difficult to access markets. The first products to roll off the platform and list on [...]
THE TIPSTER September 22, 2010 Mitchells & Butlers has lost ground this month despite last week reporting it is paying around £20m for 22 Ha Ha Bar & Grill restaurants. Can today’s trading update, which analysts expect to provide positive news, help lift the stock back up above the 300p level? ShortsandLongs.com has a rolling spread of 294.5p-296.1p. The afterglow [...]
Banks drag FTSE down as concerns over US recovery harms sentiment September 22, 2010 BRITAIN’S top shares fell yesterday, led by banks as worries over the economic recovery in the US and lack of action taken by the Federal Reserve hit sentiment, offsetting gains in miners. The FTSE 100 ended down 24.28 points or 0.4 per cent at 5,551.91, after falling 0.5 per cent on Tuesday. The US central [...]
Wall Street ends lower on major tech decliners September 22, 2010 US stocks slipped on yesterday, ending the Dow’s five-day winning streak, following Adobe’s discouraging revenue outlook and investors’ disappointment over Microsoft’s new dividend. Investors also weighed the impact of the Federal Reserve’s earlier statement, which indicated the central bank was edging closer to pumping hundreds of billions of new dollars into the sluggish economy. Adobe [...]
The anti-business secretary September 22, 2010 It sounded like a speech from the opposition. Not a member of the government. He is secretary of state for business. This is exactly the sort of talk that frightens away foreign investment. Lord Myners, former Labour City minister He obviously feels he needs to pander to the more socialist elements among the Lib Dems. [...]
BA jumps last Iberia hurdle September 22, 2010 IBERIA has approved British Airways’ (BA) plan to tackle its £3.7bn pension deficit, removing the last remaining hurdle to their merger plans. The decision was made by Iberia’s board, which met yesterday to decide whether it should approve the proposals set out by BA chief executive Willie Walsh. Iberia’s decision means the merger plans, which [...]
Rhetoric is spiralling out of control September 22, 2010 PERHAPS the most depressing part of Vince Cable’s nasty attack on corporate Britain, capitalism and finance was his embarrassing misreading of Adam Smith. The great economist agreed with Cable that business people dream of setting up cartels – but he made it clear in the subsequent sentence that the best way to prevent this was [...]
BBC opens up its books September 22, 2010 THE BBC has agreed to give the public spending watchdog complete access to its books for the first time. Under a deal announced yesterday, the National Audit Office will be able to vet contracts with top executives. It will also be able to scrutinise the BBC’s contracts with other companies, to ensure the licence-fee payer [...]
