City Views | Are you worried about eating horsemeat? February 11, 2013 JON MUNDAY | REES POLLOCK From a health perspective, not in the slightest – I’ve voluntarily eaten horse in France. But from an information perspective, people should be expected to eat what it says on the packet. DAVID THOMSON | RPS GROUP It’s a pretty dreadful breach of trust in terms of people not being [...]
Catholic shock as Pope plans to step down February 11, 2013 THE POPE’S closest advisers were left reeling yesterday after the 85-year-old pontiff revealed he would step down from the position in just over two weeks, blaming age and declining health for his decision. In an unexpected speech to senior cardinals Pope Benedict XVI said: “I have come to the certainty that my strengths, due to [...]
Crest Nicholson set to provide a boost to London’s IPO market February 11, 2013 ADVISERS to the flotation of housebuilder Crest Nicholson, the most high profile new issue in the London market so far this year, last night narrowed the price range to a healthy 210p-220p, roughly at the midpoint of the pricing range. The original range was between 195p-230p. The group, which plans to raise between 24m-29m of [...]
Boris’s experts to look at new airport options February 11, 2013 MAYOR of London Boris Johnson has put together a team of economists, architects and advisers to thrash out the details of a new hub airport in the south east of England. Johnson told the transport select committee yesterday that the country needs “a solution that gives us a four runway hub, preferably a 24 hour [...]
Hunt asks City to provide cover for old age care February 11, 2013 HEALTH secretary Jeremy Hunt yesterday called on the City to help solve the funding crisis in long term care by providing new savings products, as he confirmed care fees would be capped at £75,000 for the elderly from 2017. “People will need to prepare and plan for social care costs as much as people prepare [...]
S&P ups rating for Irish bonds February 11, 2013 STANDARD & Poor’s joined Fitch yesterday by lifting Ireland’s sovereign debt rating outlook to stable, after Dublin struck a bank debt deal that improved its chances of exiting its bailout programme by the end of 2013. S&P’s move on Ireland’s BBB-plus debt, leaves Moody’s as the only major rating agency with a negative outlook on [...]
Bond markets off to sluggish start to the year February 11, 2013 UK DEBT markets have got off to their worst start to the year since 2008, hinting at a slowdown in appetite for debt deals from investors, figures showed yesterday. Debt market volumes fell to $27.2bn (£17.4bn) for the period 1 January up until yesterday, down from $67.4bn in the same period last year, according to [...]
Analyst views | What next for Fidessa? February 11, 2013 DAVID TOMS | NUMIS Fidessa remains a world class company suffering from cyclically depressed end markets where early signs of improvement are just starting to appear. Whilst waiting to see if this continues, investors still benefit from a yield underpinned by a robust business model. ROGER PHILLIPS MERCHANT SECURITIES We continue with our long term [...]
Fidessa boss predicts future equity revival February 11, 2013 SOFTWARE group Fidessa, the biggest supplier of trading software to the City, yesterday gave an upbeat forecast for equity markets amid hopes the decline in the market has finally bottomed out. The group, listed on the FTSE 250, reported flat revenues and a small dip in pre-tax profits for the year ending December 2012 yesterday [...]
NYSE Euronext in derivatives trading boom February 11, 2013 EXCHANGE group NYSE Euronext yesterday revealed the growing importance of its derivatives business as it announced a 27 per cent year-on-year rise to 9.5m contracts traded per day during January. In contrast its traditional equities business suffered, with US volumes falling 14 per cent to 1.6bn shares a day over the same period. The improvement [...]
