ANALYST VIEWS: HOW ROSY IS THE OUTLOOK FOR GREENE KING? January 27, 2010 MARK BRUMBY | ASTAIRE SECURITIES “Greene King is performing strongly. There is a note of caution regarding the remainder of the year, but the group is confident it will hit targets. The economic environment is uncertain and the employment outlook in Scotland is set to worsen but Greene King, which trades at ten times earnings, [...]
Davos delegates call for single set of regulations January 27, 2010 TOP bankers took a swipe yesterday at US and British moves to tighten regulation of their activities and pay, saying one set of rules were needed to govern the global banking industry. The Group of 20 leading nations have attempted to address the financial crisis through a common global approach, but policymakers came under fire [...]
Warning financial crackdown could crimp recovery hopes January 27, 2010 GLOBAL business leaders yesterday warned Western governments that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s. The worried response to US President Barack Obama’s plans to curb big banks and a British assault on bankers’ pay came as 2,500 business leaders and policy makers [...]
Survey highlights shortfall in trust January 27, 2010 TWO-THIRDS of people around the world think the global economic crisis is also a crisis of ethical values that calls for more honesty, transparency and respect for others, according to a World Economic Forum poll. Almost as many name business as the sector that should stress values more to foster a better world, said the [...]
Air travel hit by a slump in demand January 27, 2010 AIRLINES will lose billions this year as they struggle to lift profits after the worst annual fall in passenger demand since the Second World War, industry data showed. Carriers will miss out on an expected $5.6bn (£3.45bn) in 2010 as profits and revenue lag behind a demand growth rebound, the International Air Transport Association (IATA) [...]
Russia to buy Lebedev out of carrier Aeroflot January 27, 2010 RUSSIA is planning to tighten its grip on flagship airline Aeroflot by taking control of a 25.8 per cent stake owned by tycoon Alexander Lebedev for $400m (£247m) – owner of London’s Evening Standard newspaper – ridding the carrier of a major independent shareholder. Aeroflot yesterday said it may strike a deal with Lebedev to [...]
CITY VIEWS: IS FLYING FIRST CLASS WORTH THE ADDITIONAL MONEY? January 27, 2010 JOHN RYAN | LEGAL & GENERAL “I’d love to fly First but I wouldn’t dream of paying that price tag. I would rather put up with a relatively uncomfortable journey and put the money to better use. Premium economy seats would be a great idea for long haul flights.” JOHN MARTIN | STANDARD CHARTERED “The [...]
Bad property loans make a dent at BBVA January 27, 2010 BBVA, Spain’s second- largest bank, said bad loans were nearing a peak after a sharp rise in provisions for doubtful debt in Spain, the US and Mexico hit its 2009 net profit. The bank, which has made significant loans to struggling property developers, said yesterday it has set aside €6.6bn (£5.72bn) in provisions, mostly for [...]
Boeing profits take off again January 27, 2010 US PLANEMAKER Boeing posted higher profits despite the global downturn in air travel, but was cautious about prospects in 2010. The Chicago-based group yesterday reported fourth quarter net income of $1.27bn (£784m), up from a loss of $86m in the same period a year ago caused partly by industrial action. Sales rose 42 per cent to [...]
JP Morgan heads for a re-run at broadcaster ITV January 27, 2010 JP MORGAN Cazenove is back as a financial adviser to ITV, the television group, replacing UBS as one of the group’s joint advisers after an absence of five years. JP Morgan’s appointment comes shortly after Archie Norman became the group’s new chairman. JP Morgan, whose team will be led by Hugo Baring, will work alongside Credit Suisse. [...]
