Stagecoach to Steam ahead December 3, 2012 TRAVEL firm Stagecoach will signal whether its joint venture with Virgin is on track when it submits its interim statement tomorrow. The current franchise is due to expire this month, but traders seem positive and shares have steamed ahead by over 25 per cent since lows in May. Spreadex quotes a price of 291.7p-293.8p for [...]
More Yuletide misery for the City December 3, 2012 DECEMBER signals the advent of Christmas: a time for celebration, relaxation, and over-indulgence. But less so this year. The last 12 months have been terrible for those plying their trades in London’s Square Mile. Those who still have a job should be grateful. The City has been butchered this year, and more than a few [...]
Analyst picks for 4 December 2012 December 3, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long dollar-yen and gold Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days I remain long on dollar-yen from ¥80.65, looking for a move towards ¥83.75 before I take profit. To hedge this position, I opened a long position on gold [...]
1776 is old-fashioned City and it’s all the better for it December 3, 2012 RESTAURANT 1776 1 Lombard Street, EC3V 9AA Tel: 020 7929 6611 FOOD **** VALUE *** ATMOSPHERE *** Cost per person without wine: £55 ONE LOMBARD Street is one of those archetypal City restaurants – like the Mercer – that you go because you work in the City and, you know, that’s just what you do. [...]
Ditch the tired old turkey this Christmas December 3, 2012 Head chef, Paternoster Chop House Call me an old Scrooge but the thought of eating turkey at Christmas fills me with dread. I know I’m in the minority here but I find it dry and tasteless, even if turkeys have come on a lot in recent years (more succulent birds include black or bronze turkeys). [...]
Bordeaux is worth the cash December 3, 2012 bottleopener@cityam.com I was lucky enough to go to a Bordeaux 2010 tasting the other evening, organised by upmarket wine merchant Bibendum. For the uninitiated, this is a sort of vinous Glastonbury Festival, where the owners and managers of more than 70 Bordeaux vineyards allow you to experience their greatest hits and endure the most asinine [...]
Fitness-based Christmas gifts have never looked so good December 3, 2012 FITNESS & DIET EXPERT GONE ARE the days where presents for your fitness-loving friends meant a toss-up between a pedometer and the latest fitness DVD. Now there are gifts galore for the active, gadget-happy exec. Here are this year’s pick of the bunch. 1 Perfect for the fitness fanatic who also happens to be fan [...]
Lost your mojo this winter? Plenish Cleanse might just be your answer December 3, 2012 JUICE CLEANSING isn’t anything new: just about every actor has turned to them to shed pounds for a big role. But this summer, juicing went to a whole new level when group cleansing hit the corporate world (or at least the trendy set on Seventh Avenue and Wall Street) as a new form of corporate [...]
FTSE 100 boosted by Chinese manufacturing figures December 3, 2012 The FTSE was up in early trading as investors responded positively to Chinese manufacturing figures. Meanwhile the equivalent UK figures, released this morning, show that British manufacturing activity shrank much less than expected in November. Despite this, concerns over the US “fiscal cliff” – a combination of US government spending cuts and tax rises due [...]
UBS could pay £280m fine for Libor fixing December 3, 2012 UBS could pay $450m (£280m) to regulators following allegations that its employees submitting false figures to the organisation that compiles the Libor rate, according to a report in the New York Times. This summer Barclays paid a similar fine after admitting that it manipulated the benchmark interest rate, resulting in the resignation of its chief [...]
