FTSE 100 Live: BT-Verizon deal; Stocks wobble as US and Iran renew talks; Burnham lays out plans for government
First gains of the week as Alcoa boosts the markets July 9, 2009 THE FTSE 100 closed 0.5 per cent higher yesterday, ending a three-day losing streak on the back of gains in miners after reassuring earnings from Alcoa. The index closed 18.43 points firmer at 4,158.66, having fallen 1.1 per cent the previous session to its lowest closing level in more than two months. However trading was [...]
IDENTITY CRISIS AT FUND VETERAN JOHN DUFFIELD’S NEW VENTURE July 9, 2009 JOHN Duffield really hasn’t been too lucky of late, has he? The veteran New Star Asset Management founder established a new venture called Hyde Park Asset Management back in April, as first revealed by yours truly, but soon had to ditch the moniker after hedge fund marketing firm Hyde Park Investment enlisted its legal heavies [...]
It’s summer time and the boozing is easy … and delicious July 8, 2009 WHEN was the last time you really felt you were drinking a perfect drink? The right glass, the right temperature, the right mixture, composition, a veritable wash of refreshment and taste? Chances are, most of the time you knock back whatever is on offer – be it in the pub, or from your fridge at [...]
OUT OF OFFICE BY ZOE STRIMPEL July 8, 2009 ARCADIA AT DUKE OF YORK’S THEATRETom Stoppard’s unforgettable 1993 drama wittily looks at life, mathematics and, well, everything. Set in a country house in both 1809-11 and 1989, it consistently and wittily catches at two ends of the same stick, be it Fermat’s Theorem or a paperweight. David Leveaux’s production is right on the money [...]
A banker’s bash at philosophy is short on logic July 8, 2009 GOOD VALUEBy Stephen GreenALLEN LANE, £20 SAMUEL JOHNSON famously opined about watching a dog walk on its hind legs: it is not done well, but you are surprised to find it done at all. Something of the same reaction seems to be behind the excitement generated by this book. It is laudable that Green, the [...]
JPMCaz unveils scathing Pru note July 8, 2009 JP Morgan Cazenove (JPM Caz) has published a controversial research note suggesting insurance heavyweight Prudential has “made full use of the vagaries of insurance accounting to present its results in a good light”. The note, a draft of which was shown to the firm last week, sparked concern when Pru proposed a number of changes [...]
TalkTalk delivers a blow to Phorm July 8, 2009 Shares in Phorm suffered another blow yesterday after the online behavioural monitoring company confirmed that telecoms retailer Talk Talk had ended their commercial agreement. The news came two days after BT said it had no plans to use Phorm’s service, sending the shares 42 per cent lower. Phorm said Carphone Warehouse subsidiary TalkTalk had not [...]
Luxembourg off tax haven list July 8, 2009 Luxembourg has been removed from a “grey list” of countries seen by the OECD as lacking financial transparency, budget minister Luc Frieden said yesterday. “As of this afternoon Luxembourg will be on the OECD tax haven white list,” he said. The Paris-based Organisation for Economic Cooperation and Development had placed Luxembourg on the so-called grey [...]
SHAREHOLDER VIEWS: DO YOU BELIEVE ROSE SHOULD RELINQUISH THE EXECUTIVE CHAIRMAN ROLE? July 8, 2009 JEANETTE CAWLEY“Sir Stuart Rose does a fantastic job. I just don’t think that having two separate people for chairman and chief executive would bring anything extra to the company, because he knows the business really well from top to bottom.”HAZEL HOARE“As far as I’m concerned they should get rid of him. I think the board [...]
China holds Rio Tinto man on spying charges July 8, 2009 CHINESE authorities have detained Rio Tinto’s top iron ore negotiator on suspicion of espionage and stealing state secrets, the miner which is listed in London and Australia said yesterday. The news comes as China and iron ore producers, including Rio Tinto, are locked in talks regarding annual contract prices, and less than a month after [...]
