BP boss reaps bumper £4m pay March 7, 2010 Chief executive of BP, Tony Hayward, took home £4.01m in cash and shares last year despite a 45 per cent drop in the oil firm’s year-on-year profits. This equates to a 41 per cent rise on Hayward’s 2008 salary of £2.85m, according to the oil giant’s annual report. Byron Grote, BP’s chief financial officer, Andy [...]
The Tory who wants to empower parents and fight the bureaucrats March 7, 2010 TORY activists are a miserable bunch at the moment, and who can blame them? The polls suggest we are on course for a hung parliament, with their party struggling to land blows on a tired, unpopular government. And even if the Conservatives do emerge victorious, there is little in David Cameron’s policy cupboard for the [...]
Stock markets head upwards March 7, 2010 EUROPEAN stock markets are headed for a positive start to the week, building on the momentum gained from Friday’s better-than-expected US unemployment rate. GFT is forecasting the UK’s FTSE 100 to open up 10 points from Friday’s close, at around 5,610. The German DAX is expected to open up nine points at 5,886 and the [...]
Economic Diary March 7, 2010 IT IS a busy week ahead on the economics front once again. While last week was dominated by central bank decisions from across the world and independent surveys, this week we will see a slew of statistics that may or may not confirm rebounding consumer confidence and output. UK February Sales figures due In the [...]
Media gets through its toughest trial yet March 7, 2010 THE X Factor winner for 2010 is… ITV. The broadcaster has managed to survive the economic crisis, albeit with a slimmed down staff base, and actually managed to turn a £25m profit at the end of last year, after losing £2.7bn in 2008. There could be more good news to come for the UK’s media [...]
THE TIPSTER March 7, 2010 IT IS easy to forget that only about a year ago, crude oil was treading water around the $35 a barrel mark. Today, however, crude is back up to above $80 and has continued to edge its way higher. On Friday, it managed to climb as high as $82 for the first time since early [...]
As inflation rises, so can your profits March 7, 2010 WHATEVER the Bank of England might be telling us about a temporary spike in inflation, fund managers and analysts around the City are preparing themselves for a period of rising prices and adjusting their portfolios accordingly. Their reason? The parlous state of developed countries’ public finances combined with a weak recovery means that heavily indebted [...]
CITY INDEX March 7, 2010 Q.Dear Josh, how do stop losses work in relation to market gapping? A.I think it’s very important to understand how stop losses actually work, particularly in reference to market gapping. There are key differences between a guaranteed stop loss and a standard stop loss. A standard one is free of charge but it only closes [...]
All hail the queen of Savile Row March 7, 2010 KATHRYN Sargent is the first female master cutter on Savile Row. This is the most senior role at any bespoke suit-maker, the person responsible for meeting the client, sizing them up and making the pattern for their suit. Better yet, Sargent holds it at Gieves and Hawkes, the Row’s biggest operation with its most sizeable [...]
Games, guns and gyrating girls in Sin City March 7, 2010 FAHVE bucks? Girl, for five dollars yew can take as many pictures as yew want. Come on over, and get yo’ man over heyah too.” This was Elvis talking. Yes, Elvis. Tinted shades, jet-black jumpsuit, rhinestone belt, sideburns you could iron clothes on. Standing on a street corner. A few minutes previously, we’d been inhaling [...]
