THE TIPSTER September 15, 2010 SUGAR prices have hit a high this year at 24.87 cents per pound. An increase in demand and export bottlenecks in Brazil could see further rises. Spreadex has a Sugar No 11 October contract at 24.08c -24.18c. Next stormed ahead yesterday following a fantastic trading update. The jump could be a precursor to further share [...]
Commodities drag FTSE 100 down as US output eases September 15, 2010 COMMODITY stocks pulled Britain’s top shares lower yesterday as US data showed a sharp slowdown in industrial output, and after investors switched into the dollar after The Bank of Japan’s yen intervention and recent sharp gains. The FTSE 100 index closed down 11.85 points, or 0.2 per cent at 5,555.56, snapping a five session winning [...]
Wall St edges up despite poor data September 15, 2010 STOCKS advanced yesterday on Wall?Street but remained hemmed in a recent trading range as disappointing economic data hindered the S&P 500 from breaking through a stubborn technical level. Markets were pressured early by a report showing a measure of New York state business conditions slipped to the lowest level in more than a year, while [...]
EU wages war on derivatives September 15, 2010 RADICAL curbs on short selling and derivatives trading proposed by the European Commission to bring the multi-trillion dollar industry in from “Wild West territory” were condemned as costly and potentially uncompetitive by hedge funds yesterday. The proposals, released to coincide with the collapse of Lehman Brothers two years ago, require increased disclosure of short selling [...]
Police warn on IRA threat September 15, 2010 CITY banks yesterday received a stark warning from the City of London Police that the threat of terrorism is “real and ever-present”, after the Real IRA warned it had made banks and their staff a potential target for attack. The force said that the official terrorist threat level had not been raised because of the [...]
Ofcom could probe BSkyB September 15, 2010 OFCOM could be asked to review News Corporation’s bid for BSkyB if a formal offer is made with business secretary Vince Cable likely to issue an “intervention notice”. The notice would order the watchdog to look at the impact of the takeover. News Corporation wants to take over the remaining 61 per cent of BSkyB [...]
We must unleash the private sector September 15, 2010 IF you want to know why the looming cutbacks to the public sector will be so painful, look no further than what is happening to wage bills. It is extraordinary that at a time when savings are desperately needed, state sector wages are still growing much faster than those in the private sector. In the [...]
Carmakers face OFT probe September 15, 2010 A NUMBER of Europe’s best-known vehicle makers, including Mercedes-Benz, are at the centre of a price fixing investigation by the Office of Fair Trading (OFT). The OFT last night confirmed that it had launched both criminal and civil investigations into suspected price-fixing by major lorry manufacturers in the UK. The OFT said it was looking [...]
Rok drafts in PwC ahead of refinance talks September 15, 2010 ROK is understood to be setting up refinancing discussions with its lenders, a month after the building group issued its second profit warning of the year. A company spokesman said it was not at risk of breaching its covenants, and said the move to renegotiate its debt was an indication it was confident of meeting [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 15, 2010 FINANCIAL TIMES BOND STRATEGY LED TO BIG WIN AFTER LEHMAN The collapse of Lehman Brothers and central banks’ unorthodox monetary policies distorted markets to create some of the biggest pricing anomalies ever documented in bond trading, according to research from leading US academics. A paper from the US National Bureau of Economic Research claims to [...]
