Fed is ahead in the battle of the central banks January 29, 2013 ALTHOUGH the US has shown signs of rebounding, a scratch beneath the surface reveals that there are still issues dragging on the world’s largest economy. By historical standards, the pace of its current recovery is feeble. Research from Bank of America Merrill Lynch points out that the average annual growth rate of this recovery is [...]
Why the FTSE has rallied strongly in January January 29, 2013 THE FTSE 100 index has gained nearly 7 per cent since 2013 got underway, almost a month ago to the day. This is one of the most impressive starts to a year on record. Only two previous Januaries since the FTSE 100 was formed have beaten the current month (as of the time of writing). [...]
The sporty but sensible Mazda 6 January 29, 2013 With the price of fuel about to go up again, it’s no surprise so many of us now consider fuel economy one of the most important considerations when buying a new car. It’s the latest front to open up in the battle to attract car buyers and Mazda has made a massive effort to ensure [...]
Car talk January 29, 2013 Aston Martin ushers in an even faster supercar Aston Martin has introduced a faster, more agile four-door Rapide supercar. The Rapide S luxury GT has a more powerful, though more efficient, 6.0-litre V12 engine. Power is up by a massive 80bhp to 550bhp shaving 0.3 seconds off its 0-62 mph time; down to just 4.9 [...]
FTSE 100 smashes through 6,300 level January 29, 2013 The FTSE 100 nudged back over the 6,300 level this morning – which it smashed through for the first time in almost five years yesterday – as it edged up around 0.15 per cent. Steelmaker Evraz was the biggest blue chip gainer this morning, adding 2.38 per cent. Global miner Anglo American rose two per [...]
William Hill profits boosted by online growth January 29, 2013 Operating profit jumped in 2012 for bookmaker Wiliam Hill, as it was boosted by strong revenue growth from its online business. The firm said this morning that operating profit was up 20 per cent over the 12 months, boosted by a 12 per cent increase in group revenues. William Hill, which has more than 2,300 [...]
Bumi sets date for boardroom battle January 29, 2013 Coal miner Bumi said this morning its general meeting would be held on 21 February, for shareholders to vote on co-founder Nat Rothschild’s proposals to overhaul the board. The financier has proposed the removal of 12 out of 14 current directors of Bumi. But in a circular to shareholders this morning, Bumi said that Rothschild’s [...]
Anglo American takes $4bn write-down on Minas-Rio project January 29, 2013 Miner Anglo American said this morning it would take a $4bn (£2.5bn) write down on its Minas-Rio iron ore project, as it increased its spending on the project. Anglo American, which commissioned a review into Minas-Rio in November, said that investment in the iron ore project would jump to $8.8bn. “On the basis of the [...]
Iceland let off £2bn debt to UK January 28, 2013 ICELAND’S government will not have to pay back the UK for bailing out depositors who lost money in the country’s banks in 2008, a top court ruled yesterday. The move leaves the UK £2bn out of pocket, and the Treasury is likely to have to wait for years to get the money back as the [...]
FTSE breaks 6,300 mark – as sterling slides to deeper lows January 28, 2013 THE FTSE100 index rose through the 6,300 barrier to a 56-month high during yesterday’s trading, just as sterling dived to a 13-month low against the euro, and a five-month low versus the dollar. The index closed up 9.96 points – 0.2 per cent – at 6,294.4, with more than half of that coming from a [...]
