Aer Lingus delays results after cabin crew reject cuts March 8, 2010 IRISH airline Aer Lingus will not publish its 2009 earnings today as planned so it can adjust provisions for cost-cutting measures that cabin crew rejected last week. The Irish flag carrier said it would not publish full results until an unspecified date. It will issue a brief trading statement today instead. Aer Lingus, which has [...]
CITY MOVES | WHO’S SWITCHING JOBS March 8, 2010 Nomura The Japanese bank has appointed Rachid Bouzouba as co-head of global equities, as part of a wider shake-up of its global management team. Bouzouba is currently head of equities for EMEA and has been instrumental in building up the bank’s equities business in the region. He will now manage Nomura’s global equities business alongside [...]
Fidelity sells Indian bourse stake March 8, 2010 Global fund manager Fidelity International is selling around two per cent of its holding in India’s largest commodity bourse for an undisclosed fee to meet a regulatory cap of five per cent for any single foreign shareholder. Intel Capital (Mauritius), an investment arm of chipmaker Intel, is the buyer of the stake in Multi Commodity [...]
CryptoLogic in deal with Betsson March 8, 2010 CryptoLogic, a global developer of branded online betting games and internet casino software, has signed a three-year agreement to license at least nine of its most popular online betting games to Betsson Malta, an e-gaming operator listed in Stockholm. Most of the games will go live later this year.
Toyota predicts US recovery March 8, 2010 Toyota’s president said yesterday he believed that sales in North America could recover in March after a sharp decline last month when the carmaker suspended sales of some recalled models.“I think it’s possible [for sales to recover],” Akio Toyoda told reporters after a meeting with Japanese Prime Minister Yukio Hatoyama. “We are taking steps simultaneously [...]
Oil and minerals bolster FTSE index despite banking and drugmaker lows March 8, 2010 BRITAIN’S top share index hit an 18-month closing high yesterday, led by oil stocks and miners, while drugmakers fell with AstraZeneca pressured after its cancer drug failed in trials. The FTSE 100 ended up 6.96 points, or 0.1 per cent, at 5,606.72, its highest close since 2 September 2008. The index gained 4.6 per cent [...]
Nasdaq boosted by rising tech share performance March 8, 2010 TECHNOLOGY shares pushed the Nasdaq higher yesterday on an otherwise flat day for US stocks. Cisco Systems, a Dow component, hit a 21-month high at $26.36 after JPMorgan Chase recommended the stock to investors. Research in Motion gained 5.6 per cent, leading the Nasdaq higher after an analyst’s upgrade. Sentiment also got a lift from [...]
Alternative exchanges give traders an edge March 8, 2010 ANOTHER shake-up of London’s trading landscape is underway after the London Stock Exchange (LSE) announced on Monday that it would sell 9 per cent of Turquoise, its European trading facility, to three investment banks. Barclays, JP Morgan Cazenove and Nomura each bought a 3 per cent stake of Turquoise for £1m. The multiple owners of [...]
VIX SUGGESTS TRADERS ARE NOT WORRIED March 8, 2010 DAVID MORRISON CFD MARKET STRATEGIST, GFT THE first week of March saw stock markets strengthen further, taking us back up through significant retracement levels for a number of major global indices. Investors cheered on a successful Greek bond auction, boosted by the country’s newly-proposed austerity measures. Concerns over sovereign risk contagion have been brushed aside [...]
2010 is the year for small caps March 8, 2010 AFTER small caps’ excellent 2009, many were left wondering whether such a performance could be repeated in 2010. Neil Hermon, portfolio manager of the Henderson Smaller Companies Investment Trust, certainly thinks so. Hermon says that smaller companies have the ability to outperform this year thanks to a weak sterling and improved mergers and acquisitions (M&A) [...]
