Learning from models behaving badly November 6, 2012 FOREIGN exchange is the world’s largest and most liquid market. Some estimates put the average daily turnover at $4 trillion (£2.5 trillion). Currency is traded over the counter rather than on an exchange, meaning that the machines do not have to be turned on to get a counter-party to your trade. It is traded 24 [...]
US budgetary stalemate could have a negative impact on the price of gold November 6, 2012 AS A historically close US election comes to an end, the outcome may still be uncertain. But more certain is the less ambiguous outcome of a potential Mitt Romney victory – a negative impact on gold and other metals, due to his intention not to re-appoint Federal Reserve chairman Ben Bernanke when his term expires [...]
The new Jaguar estate. Yes…estate November 6, 2012 Why are we changing cars?” I ask, momentarily confused. Climbing out of Jaguar’s new XF Sportbrake and into exactly the same car – the top-end 271bhp 3.0-litre twin turbo diesel V6 version – makes no sense. And then it all becomes clear – the new car has a 50kg Smeg fridge in the back. This [...]
CAR TALK November 6, 2012 Jessica Ennis shows off the new Jaguar Olympian Jessica Ennis will be driving the new Jaguar F-Type at this year’s Lord Mayor’s Show on 10 November. Ennis has already driven the two-seater at Jaguar’s test track reaching a speed of 150mph. Ennis is a Jaguar Academy of Sport Ambassador and already drives an XKR. She [...]
British fashion reaps rewards at industry gongs November 6, 2012 The 2012 Global Fashion Awards was a very British affair this week. The annual event, which celebrates the best in fashion and retail across the world, saw many British companies walk away with several of the big awards. Victoria Beckham was one of the biggest winners of the night, beating stiff competition from the likes [...]
UK house prices fall in October November 6, 2012 UK house prices fell 0.7 per cent in October, Halifax said today. On an annual basis, property values fell 1.7 per cent. In the three months to October, prices were 1.2 per cent lower than in the previous quarter, the fifth successive decline, Halifax said. Martin Ellis, housing economist at the lender, today said: “The [...]
FTSE 100 edges up as investors bide time before US election November 6, 2012 The leading share index was up this morning on a wave of corporate earnings releases, although trading was expected to be subdued as investors bided time before the closely-fought US election today. G4S and Marks & Spencer were risers on the FTSE 100 this morning, as they released positive trading updates. On the FTSE All-Share, [...]
Revenues rise at G4S despite Olympic failings November 6, 2012 Security group G4S this morning said revenue grew 6.3 per cent over the nine months to September, as its core UK market showed an improved performance. Its secure solutions division grew six per cent, flattered by strong performance in developing markets, UK government and US commercial businesses. The world’s largest security group said that it [...]
Property firms London & Stamford and Metric to merge November 6, 2012 London & Stamford Property and Metric Property Investments this morning said they are in advanced talks to merge their businesses. Under the terms of the tie-up, Metric shareholders would own 25 per cent and London & Stamford would own 75 per cent of the enlarged group. Both companies said today that following the completion of [...]
M&S posts slide in profits November 6, 2012 Retailer Marks & Spencer posted falling profit in the six months to September, hurt by low consumer confidence. Pre-tax profit came in at £290m for the group, down from £307m over the same period last year. Britain’s biggest clothing retailer said this morning that recent trading had been “volatile”, making it cautious about the outlook [...]
