FTSE 100 hits a one-month high boosted by strong performance of energy shares June 16, 2010 BRITAIN’S top shares extended their winning streak to a sixth straight day yesterday to a one-month closing high, driven higher by energy stocks. The FTSE 100 ended the day up 20.10 points, or 0.4 per cent, at 5,237.92, its highest closing level since May 18, notching up its longest winning run since September, having risen [...]
Dream debut for Guyon as Byword is toast of Ascot June 16, 2010 ROOKIE jockey Maxime Guyon capped a dream British debut by leading Byword to victory in the Prince of Wales’s Stakes at Royal Ascot. The 5-2 favourite, trained in France by Andre Fabre, proved just too good for Henry Cecil’s Twice Over as owner Khalid Abdullah celebrated a one-two in the Group One contest. Byword came [...]
Wall Street ends flat as mixed data causes caution June 16, 2010 US stocks finished flat yesterday as cautious comments from FedEx and weak housing market data overshadowed a surge in industrial production. Investors were caught off guard after package company FedEx, deemed an economic bellwether because it serves a wide range of industries, said higher costs would constrain 2011 earnings. FedEx shares slid six per cent [...]
Accountants are vital for boosting economies right across the world June 16, 2010 IT’S clear we are living in unprecedented economic times. Indicators from various sources – including the latest quarterly survey of ACCA members, the largest of its kind in the world – suggest “cautious optimism”, and no more, is appropriate. In 2010, the financial services sector continues to dominate all levels of debate, from its willingness [...]
FOOTBALL TRADER June 16, 2010 AFTER a rather bumpy build-up, Raymond Domenech’s France must feel like the world and his dog is against them. They did themselves no favours in their first night bore-fest against Uruguay however and, with things level in Group A after the first round of games, few would be shocked to see Les Bleus return home [...]
When process becomes more important than any one person June 16, 2010 FOR better of worse, some businesses become identified with their bosses. Look at Steve Jobs at Apple, whose share-price dropped when rumours about his health circulated last year. Or BP when it was run by Lord Browne, a man whose attitude towards the business he ran is often compared to that of Louis XIV’s towards [...]
Tour over for Banahan after Barbarians citing June 16, 2010 MATT BANAHAN’S England summer is over after he was found guilty of a dangerous tackle in Tuesday’s win over the Australian Barbarians. The Bath wing was cited for a “lifting tackle” on Australian centre Berrick Barnes during the 15-9 victory and was handed a two-week suspension, ruling him out for the rest of the tour. [...]
Murray seeded fourth for SW19 June 16, 2010 HOME favourite Andy Murray hasbeen seeded fourth for this year’s Wimbledon championship. Six-time champion Roger Federer retains top seed despite being overtaken by Rafael Nadal as world No1. The women’s seedings stuck to the world rankings, with the possibility of a fifth all-Williams Wimbledon final alive with the Americans seeded one and two. The draw [...]
RBS sells off Pakistani arm in £34m deal June 16, 2010 ROYAL Bank of Scotland yesterday said that Faysal Bank is to acquire 99.37 per cent of RBS Pakistan for 4.298bn rupees (£34m). Pakistan lender Faysal Bank, which is 68 per cent owned by Bahrain-based Ithmaar, beat Egyptian Bank EFG-Hermes in the race to snap up the lender. Pakistan’s central bank said in March it had [...]
SocGen: We’ll double profits June 16, 2010 SOCIETE Generale set a net profit goal of €6bn (£5bn) for 2012 yesterday, double its target for this year, as it seeks to restore investor confidence in a tough business environment. SocGen executives pitched the target as part of its five-year strategic plan at an event for investors, which came as the trial of the [...]
