Dow edges up as China data cheers January 11, 2010 US industrial shares lifted the Dow and the S&P 500 yesterday to new 15-month highs after China bolstered expectations the world economy would strengthen, but the Nasdaq fell on profit-taking in tech stocks. China reported record imports of some commodities and stronger-than-expected exports, boosting US companies with large international operations, like construction machinery maker Caterpillar [...]
BANKERS STAY QUIET ON UNITED BOND DEAL January 11, 2010 CITY bankers are not usually backwards in coming forwards when it comes to getting publicity for their transactions, so why the reticence yesterday when it came to taking the credit for Manchester United’s £500m bond issue. United’s initial press release was as brief as could possibly be, with no mention even of the banks involved [...]
CITY EYE January 11, 2010 Inside the Lloyds of London “Inside-Out” Building things are looking up,with a dizzying view of the atrium
Wolseley out of Ireland in £24m sell-off January 11, 2010 PLUMBING giant Wolseley has sold off its loss-making Irish arm to private investor-backed company WIBHM in a €26.5m (£23.8m) deal. The sale of its 67-strong branch network includes its Heat Merchants, Brooks, Tubs and Tiles and Encon Ireland trading brands in the Republic of Ireland, along with its Northern Irish Brooks business. In the year [...]
Tech-savvy entrepreneurs want less government January 11, 2010 AT the Consumer Electronics Show in Las Vegas last week, new smartphones, e-readers and tablet PCs were unveiled. Although the event was over 5,000 miles away, it’s worth considering the implications for the impending general election here in Britain. As we live more of our lives online and request on-demand information from an array of [...]
Planned retail investment down by half January 11, 2010 THE number of retail investors planning to invest in 2010 has halved since last May, according to new research by the Investment Management Association. A survey of 3,451 small investors showed the number planning to invest has dropped from 30 per cent to 17 per cent. Most investors saw a brighter outlook for global markets [...]
BEST OF THE BROKERS January 11, 2010 TOMKINS Numis has upgraded its 2009 and 2010 estimates by 15 and 20 per cent respectively on the basis of rising automotive production and benefits feeding through from restructuring initiatives. However, the broker issued a target price of 180p – below yesterday’s closing price of 210.4p – in the belief 15.8x 2010 EPS is looking [...]
CITY MOVES | WHO’S SWITCHING JOBS January 11, 2010 Weir Group Jon Stanton will join the company this Spring as group finance director. Stanton, 42, arrives from Ernst & Young where he has worked since 1988. He has been a partner in the London office since 2001 with responsibility for the audit of several FTSE 100 clients, including Invensys, Hanson and InterContinental Hotels. Stanton [...]
Sizzling Tevez hits hat-trick as City home in on top three January 11, 2010 MANCHESTER CITY (4) vs BLACKBURN ROVERS (1) MANCHESTER City boss Roberto Mancini warned his side to keep their eyes off the Premier League table after seeing a Carlos Tevez hat-trick reignite their title hopes. A treble from red-hot Tevez, who now has 10 in seven league games, and a wonder-goal from Micah Richards propelled City [...]
Togo disqualification stymies talk of Cup of Nations U-turn January 11, 2010 TOGO were last night officially disqualified from the Africa Cup of Nations, quashing reports that they might be reconsidering their withdrawal. Togo were rumoured to be ready to go back on their decision to pull out of the tournament and instead request a three-day mourning period following the horrific gun attack on their team bus [...]
