Dow Jones hits five-year high in light trading September 11, 2012 THE DOW Jones Industrial Average closed at the highest level in nearly five years yesterday in a lightly traded session before key decisions in Germany and the United States that could give markets a further boost. Energy, industrial and financial firms led the advance. Contributing to gains by the Dow, shares of IBM rose 1.15 [...]
Cable is wrong on state aid rules and his plan for a business bank September 11, 2012 ONE of the best aspects of the EU is that under the so-called “state aid rules” member states are forbidden from subsidising businesses through grants, tax breaks and soft loans. State aid invariably distorts competition and trade: protecting businesses from foreign competition, or propping up failing businesses, whose failure would create space for value-generating alternatives. [...]
Ten golden rules of investing September 11, 2012 When considering a company, the first question you need answered is “who controls it?” The second is “do you trust them?” Minority shareholders are just one of many company stakeholder groups (others include employees, the government, suppliers, bankers and major shareholders such as a founding family). While you should not, as a minority shareholder, expect [...]
An optimistic tale of the world’s two last financial crises September 11, 2012 THE impact of the 2007-2009 financial crash is far from over. But, despite the doom and gloom, history may give us something to feel cheerful about. Even in living memory there have been plenty of recessions, when GDP growth was negative and employment fell. The UK has experienced them in the mid-1970s, the early 1980s [...]
Should investors be adding Burberry shares to their portfolio after its latest profit warning? September 11, 2012 YES Kate Calvert Burberry spooked the market by announcing a downturn in second quarter retail sales. However, yesterday’s fall in the value of its shares seems disproportionate to the downgrade. This is especially true given the recent de-rating of the overall luxury sector. Lack of visible demand and the question of whether this is a [...]
Rapid Responses September 11, 2012 Aim shares in Isas [Re: Isa cash for SMEs, Monday] David O’Hara has launched an e-petition to allow Aim shares to be included in Isas. We strongly support it. Inclusion would provide valuable fuel for the UK economy’s engines of growth – small and mid-sized companies. The government has cited various excuses for this exclusion, [...]
Gerrard backs Raheem for Sterling future England career September 10, 2012 ENGLAND captain Steven Gerrard is adamant that 17-year-old Raheem Sterling will become a significant player at international level after manager Roy Hodgson admitted the winger had been called up to encourage his development. Hodgson has turned to Sterling, Southampton’s Adam Lallana and Tottenham’s Jake Livermore for tonight’s World Cup qualifier against Ukraine after the withdrawal [...]
West Ham Olympic stadium bid gets East London business votes September 10, 2012 LEADING business organisations from east London have thrown their weight behind West Ham’s bid for the Olympic Stadium, as a decision nears on one of the capital’s key legacy issues. The ExCeL Centre and the East London Business Alliance (ELBA) have voiced their support for the Premier League football club to be the main users [...]
Cavendish kept from Tour of Britain victory September 10, 2012 BRITAIN’S Mark Cavendish was yesterday outsprinted by Leigh Howard of Australia in the pursuit of victory in the second stage of the Tour or Britain. The world road race champion, supported by Team Sky colleagues Bradley Wiggins and Luke Rowe, was unable to pass the Australian after appearing to get boxed in in the race’s [...]
Haye predicts showdown against Vitali September 10, 2012 BRITISH heavyweight David Haye believes it is only a question of time before Vitali Klitschko attempts to make a match between the two and that the Ukrainian needs a defining fight before he finally retires. Klitschko on Saturday completed another successful defence of his WBC heavyweight title against Germany’s Manuel Charr after a significant cut [...]
