THE TIPSTER August 18, 2010 TODAY’S interim results from Cineworld will be essential viewing with the cinema chain set to post a decent performance helped by good revenues from popular 3D films, including Avatar and Toy Story 3. In spite of the negative impact of the World Cup, which kept people away from the big screen, along with the spell [...]
LISTED PRODUCT NEWS August 18, 2010 ETF LANDSCAPE IS STILL GROWING The latest ETF landscape survey from iShares, the ETF provider, has found that the industry continued to grow throughout July. At the end of July, the global ETF industry had 2,282 ETFs with assets of just over $1,095bn, from 124 providers listed on 42 exchanges across the world. Europe has [...]
Go surf ‘n’ turfing in Farringdon August 18, 2010 Redhook 89 Turnmill Street, EC1M 5QU Tel: 020 7065 6800 FOOD SERVICE ATMOSPHERE Cost per person without wine: £40 THE restaurant industry has a huge crush on Farringdon. Farringdon is the cool girl that couldn’t care less, twiddling her hair and looking this way and that, with her grimy streets and warehouse-style apartment buildings. The [...]
THREE OTHERS: OUR FAVOURITE STEAK RESTAURANTS August 18, 2010 GOODMAN This Russian-owned steakhouse is widely considered the epitome of red meat in London – and now there’s a City branch. The 150 day-aged corn-fed USDA beef is second to none, and there’s lots of other goodies on the menu too. 11 Old Jewry, EC2R 8DU, tel: 020 7600 8220. HAWKSMOOR This Old Street favourite [...]
FOOD & BOOZE NEWS August 18, 2010 PATISSERIE POP-UP AT HARVEY NICKS Get the cakes in – in spectacular style – at Harvey Nichols this autumn where American super-patissiere Claire Clark will be opening a pop-up for two months. Goodies lurking within her groovy Perspex cases will include bubblegum marshmallow pavlovas, Jaffa Cake macaroons and peanut butter S’Mores. The Claire Clark Patisserie [...]
Poison pill hits BHP’S $39bn bid August 17, 2010 CANADIAN fertiliser firm PotashCorp yesterday snubbed a mammoth $39bn (£25bn) indicative offer from mining giant BHP Billiton, moving swiftly to shield itself by invoking a “poison pill” defence outlawed in the UK. PotashCorp, which described the $130-a-share cash offer from BHP as “grossly inadequate”, launched a shareholder rights plan defence, giving it the ability to [...]
Ex-Lehman boss could be charged August 17, 2010 FORMER Lehman Brothers chief Dick Fuld could face civil charges as early as this week in connection with the firm’s collapse. The US Securities and Exchange Commission (SEC) is understood to be organising a series of meetings with big players involved with the bank before its demise almost two years ago, according to reports in [...]
Eurozone debt sales succeed August 17, 2010 INVESTORS snapped up €1.5bn (£1.2bn) of Irish debt at auction yesterday, though the Dublin government was forced to offer high yields to tempt buyers. The auction attracted bids of €5.1bn yesterday, the strongest demand in an auction so far this year, in part due to yields far above the German gilt benchmark. Ireland will pay [...]
BHP’s bid provokes poisonous reply August 17, 2010 JUST as the markets were drifting into the final few days of summer – traditionally one of the quietest times of the year for corporate news – up pops mining giant BHP Billiton with a near $40bn proposal to takeover the Canadian fertiliser and animal feed group Potash. Although all sorts of things are possible [...]
Soros shuns US equities August 17, 2010 LEGENDARY investor George Soros has slashed his investments in US stocks including AOL, Pfizer and Google, according to a regulatory filing yesterday. Soros moved swathes of his fortune into gold companies over the last three months, as the man who bet against the Bank of England sold off more than 95 per cent of his [...]
