BANK BOSS HOLDS OWN IN STUDENT SCUFFLE May 16, 2010 THERE’S certainly one thing you can say with confidence about JP Morgan Chase chief executive Jamie Dimon: he ain’t afraid of taking the bull between the horns. Dimon yesterday braved the anger of the masses as he strode onto the campus of Syracuse University in New York, despite a planned protest against his invitation to [...]
BILL OF THE WEEK May 16, 2010 A LAZY late lunch was on the cards for these businessmen last week as they headed to 108 Marylebone Lane Restaurant and Bar, just off Marylebone High Street. They tucked voraciously into the restaurant’s locally-sourced menu, including smoked salmon, asparagus salad and a stilton tart for starters, followed by rib eye steak, rack of lamb [...]
Eurozone volatility will keep unsettling investors May 16, 2010 IT’S A DIFFICULT one to call this morning; after hitting a two-week closing high on Thursday, the FTSE promptly dumped 171 points on Friday. Both moves were attributable to the Eurozone, and that volatility will no doubt remain with us for now as the debt crisis – and the future of the euro itself no [...]
Don’t forget about volatile silver: it is a decent alternative to gold May 16, 2010 AS ONE might have expected, renewed risk aversion and fears about sovereign debt have sent the price of gold sky high. The precious metal hit a record high last week of $1,242.70 as investors scrambled for perceived safe havens. But with all the attention lavished on gold, the recent strength of silver has gone remarkably [...]
Bad luck hits Ladbrokes as revenues fall May 16, 2010 YOU would think that with this summer’s packed sporting calendar bookmakers would be rubbing their hands together in glee at the prospect of extra wagers on who will win the World Cup or how many goals England will score. But before spread betters try to capitalise on a summer boost for the bookies, it’s worth [...]
THE TIPSTER May 16, 2010 SHARES in Tullett Prebon plunged 12 per cent last Thursday following the announcement that the discussions with a third party about a possible takeover had been terminated. The shares have fallen well below their 200, 100 and 50-day moving averages and currently trade just above their Fibonacci support, around 306p. A break through 300p could [...]
SPREAD BET GURU May 16, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, why is a huge budget deficit a problem for the equity markets? A. Spiralling deficits from several countries within the Eurozone and the UK have been one of the main drivers of equity weakness over the past few weeks. Stock traders tend to think about what is coming next [...]
Anyone with dicey cooking skills, please apply within May 16, 2010 AM I a desperate housewife? I’d like to think only occasionally (technically I’m no one’s wife although I do have a partner and a child), however when it comes to rustling up something interesting for us to eat this side of midnight after rushing home from work, it’s fair to say that sometimes it can [...]
The stylish way to take a hike May 16, 2010 THE LAKE DISTRICT The Samling Poking out of a secluded forest on the shore of Lake Windermere, The Samling must be one of the most magnificently appointed hotels in the country. It occupies a pretty Victorian mansion, but it’s no chintzy country hotel – the interiors mix heritage classicism with boutique style, the restaurant has [...]
Waterways for a boating break May 16, 2010 1. THE NORFOLK BROADS The spiritual home of messing about on the river, the Norfolk Broads is an area of ethereally beautiful countryside, remote villages and over 200km of navigable waterways, most of it tidal. Consisting principally of seven interlinked rivers, and in fact stretching across both Norfolk and Suffolk, the Broads is the country’s [...]
