The boss of the world’s number one caterer is drawing up plans to grow June 28, 2010 It is no exaggeration to say that Compass and its chief executive Richard Cousins has elevated the term low-key into something of an art form. A modest three-storey red brick building in Chertsey, Surrey, is home to the biggest caterer in the world. Cousins, a 51-year-old father of two who rarely gives interviews, is the [...]
BT strikes up a footy deal with BSkyB June 28, 2010 BT HAS finalised a deal with BSkyB to offer its subscribers top-flight football next season. The move, which means football fans can watch their teams on BT Vision for the first time, could rock Sky’s dominance of the pay TV market after decades controlling the lion’s share of subscribers. It follows a controversial Ofcom ruling [...]
The age of austerity should not hurt stocks June 28, 2010 A WEEK has passed since the emergency Budget set the UK on a path of fairly aggressive fiscal consolidation. Public spending will be cut in real terms, Vat is scheduled to rise and new rules are in place to ensure that the debt-to-GDP ratio will fall back to more sustainable levels in the coming years. [...]
US HOUSING MARKET IN NEED OF HELP June 28, 2010 DAVID MORRISON CFD MARKET STRATEGIST, GFT STOCK indices have been positively correlated to movements in euro-dollar for such a long time that it is easy to forget that this wasn’t always the case. There is growing evidence that this relationship is breaking down – equities are struggling to rally, whether the euro is falling or [...]
Product placement rules are laid out June 28, 2010 OFCOM yesterday published a series of proposals for new rules to allow product placement on radio and TV. Ofcom says it plans to restrict the types of products that can be placed. Companies advertising gambling, tobacco, alcohol, baby milk and medicines will be banned from product placement, as will sellers of salty and sugary food. [...]
Bullish outlook this season for US tech stocks June 28, 2010 WHEN it comes to reporting earnings, companies appear to have had a relatively easy time of it. For more than a year now, the vast majority of firms have beaten analysts’ consensus estimates, sending their share prices shooting skyward. All they have needed to do to win the market’s favour is to report figures that [...]
CFD ANALYST PICKS June 28, 2010 TECHNICAL STRATEGIST DAVID RODRIGUEZ My pick: Stay short the S&P 500 on a hold of 1,130 Expertise: Algorithmic trading Average time frame of trades: 2-10 weeks I have remained bearish on the S&P 500 for quite some time now and I remain short. Unfortunately I added to the position below 1,050, which did not work [...]
FTSE losing streak ends after mining gains and improved economic outlook June 28, 2010 Britain’s leading shares rose yesterday as gains for miners and improved sentiment over global economic recovery more than offset weakness in bank stocks, after Standard Chartered results lagged expectations. The FTSE 100 closed up 25.21 points, or 0.5 per cent, at 5,071.68, snapping a four-session losing streak. Index moves were accentuated as volumes remained light, [...]
iPhone outsells the Apple iPad June 28, 2010 Apple’s iPhone 4 launch has been its most successful ever, shifting 1.7m units worldwide by Saturday, the company said. Sales of the touchscreen smartphone, which competes with devices from Nokia, Research In Motion and Motorola, surpassed some analysts’’ expectations, as well as those of Apple itself, which has been having trouble keeping up with demand. [...]
Software firm Zoo falls to loss June 28, 2010 THE Sheffield-based firm that supplies software to Hollywood film studios yesterday reported a loss despite a spike in revenue. Its revenue increased 33 per cent to $15.1m (£10.04m) but it still drooped to a pre-tax loss of $868,000, compared to a $380,000 profit the year before. Zoo specialises in software that allows movies to be [...]
