Entrepreneurs to meet ministers September 12, 2010 The Entrepreneurs’ Union, a group set up by former Dragons’ Den judge Doug Richard to represent small company workers, has been granted an audience with the government after Richard presented business minister Mark Prisk with a manifesto. Richard believes entrepreneurs need to address the system whereby they are “dictated to by the government about what they [...]
VW to make Browning US boss September 12, 2010 Automaker Volkswagen (VW) will name former General Motors and Ford manager Jonathan Browning to head its US operations as early as today, a company source said. Browning joined VW in June and is in charge of the car manufacturer’s national sales companies worldwide.
Still ahead of the curve: Art Laffer rises as Obama hits America’s rich September 12, 2010 WE SPEAK across the gleaming sweep of a boardroom table. Arthur Laffer has grabbed time for an interview while visiting CQS, a hedge fund. He is 70 this year, and the man who transformed the case for lower taxes with one sketch is in demand on this rare visit from the US. Today Laffer has [...]
TRADERS PLUMP FOR THE LIFE OF LEISURE September 12, 2010 CITY traders prone to bemoaning their lengthy working hours and stressful days might want to consider hopping over to New York the next time they get itchy feet. For an attack of the green-eyed monster is sweeping Wall Street after a newspaper profile late last week of the founders of Briargate Trading – who seem [...]
BILL OF THE WEEK September 12, 2010 It was off to Mayfair haunt Just St James on Thursday, as the owner of one of the local boutique firms treated his team to a slap-up lunch. Our diners toasted their work with three bottles of Pol Roger champagne before moving on to starters of lobster ravioli, beef carpaccio and rabbit terrine. They then [...]
Small FTSE gain expected after capital reforms September 12, 2010 UK stocks are looking to extend recent gains, with traders keeping a broadly relieved but cautious eye on bank stocks as the weekend’s so-called Basel III meetings on European bank capital reform are mulled over. GFT is quoting the FTSE 100 index to open up 8 points from Friday’s close, at a level of 5,509. [...]
WALL STREET WEEK AHEAD September 12, 2010 Investors are using options to brace for big swings this week as Wall Street enters the peak of the most volatile month for stocks historically. Options on the CBOE Volatility Index, Wall Street’s so-called fear gauge, were one of the top-traded contracts in the options market as investors made bets on a sharp jump in [...]
For now, bet long on silver, but keep an eye on gold’s crash September 12, 2010 WHEN Archimedes was given the task of determining whether King Hiero’s commissioned crowd was made of real or fool’s gold, he merely had to sink back into the bath to work out the answer. Unfortunately, traders are experiencing a rather choppier period in their quest to work out if their gold assets are overvalued. With [...]
The zero-point spread has arrived September 12, 2010 INTENSE competition within the spread betting industry has driven providers to narrow their spreads. A decade ago, eight-point spreads were the norm, today the industry average is just two to three basis points. The most liquid markets such as the European indices and currencies often incur a spread of just one point, making it extremely [...]
THE TIPSTER September 12, 2010 Vodafone’s share price has performed really well in the last couple of weeks. Investors are pleased to see the management making all the right noises and implementing radical organisational changes. Confidence has pushed the share price to an impressive 26-month high. Bulls will be hoping for a move upwards to 170p and beyond. Capital Spreads [...]
