BEST OF THE BROKERS April 8, 2010 SALAMANDER ENERGY Oriel Securities has maintained a “buy” rating on Salamander Energy after calling it one of the most active drillers in its peer group this year. Despite the announcement that Salamander was to close its Phu Kheng-1 exploration well in Thailand, Oriel says the move is broadly immaterial as it will be followed by [...]
BG Group confirms light oil field potential off Brazil April 8, 2010 BG Group, the gas exploration firm, completed drilling at its Tupi field offshore from Brazil and estimated that recoverable reserves top 5bn barrels of light crude oil and natural gas. BG Group and its partners, Brazil’s Petrobas and Portugal’s GALP, said yesterday the appraisal well, designed to test the outer limits of the expected reservoir [...]
City accountants paid more than peers April 8, 2010 CITY based accountants enjoy higher salaries than their counterparts elsewhere in the country, according to new research. Accountants based in London received a basic salary of £87,100 last year, marking an £11,000 leg up on accountants based outside of the capital, who received a £74,200 salary. Research conducted by the Institute of Chartered Accountants in [...]
CITY EYE April 8, 2010 Sunlight glints off the glass facades lining the water at Canary Wharf yesterday, as financial workers strolled along in the balmy air with a taste of spring in their step
FTSE 100 declines on weaker metal prices and concerns over Greek debt April 8, 2010 Britain’s top share index posted its steepest one-day decline in six weeks yesterday, pressured by miners hit by weaker metals prices, and banks on revived concern over Greece’s debt. The FTSE 100 closed 49.36 points, or 0.9 per cent, lower at 5,712.70, its lowest close since March 31, after it shed 0.3 per cent on [...]
Wall Street rises on strong March retail sales data April 8, 2010 US stocks gained yesterday after strong March retail sales increased optimism that the economic recovery is on track. Investors snapped up retailers’ shares after top US chains reported a record year-over-year increase in same-store sales for March. The sales reflected a boost in consumer demand that some investors doubted would materialize so soon. Online merchant [...]
Continuing Greek crisis means euro is still facing a long fight for its life April 8, 2010 THE blowing out of the Greek bond yields this week brings the Greek government’s debt crisis closer to boiling over. Having met its funding requirement for April, the Greek government may have a few weeks to decide on its next step. That said, with every incremental increase in Greek bond yields a decision either to [...]
Tiger straight back on prowl on Couples’ day at Augusta April 8, 2010 TIGER Woods played like he had never been away on his competitive comeback, shooting a superb four-under-par 68 to leave himself just two shots off the lead after the first round of the Masters. Fred Couples was the surprise pace-setter, the 50-year-old, who won the Green Jacket in 1992, leading the field on six under, [...]
England’s major overhaul needs to start from the top April 8, 2010 WORLD CUP winner Lawrence Dallaglio has reiterated calls for a major overhaul in the Rugby Football Union infrastructure in order to help the England team progress. The giant former England No8 insists Martin Johnson’s role as coach is in danger of being undermined without complete unity at the top of the RFU ladder. Indeed Dallaglio [...]
Take control of your pension plan and enjoy your old age April 8, 2010 IT IS estimated that only one in three adults under 30 are putting any money at all into a pension scheme. And little wonder when young people’s primary concerns are paying off debts accumulated in student years, saving up for those 40 per cent mortgage deposits and, truth be told, enjoying life. Retirement seems far [...]
