Rapid Responses October 8, 2012 Public services [Re: Lessons to be learnt from government’s rail franchise fiasco, Thursday] Only the free market provides the incentives necessary to create an efficient operation. It is a public servant’s incentive to create complex organisations that voters can’t always understand and thus the argument will remain better management rather than better incentives. Tobias Wahl There [...]
Pessimism will engulf US corporate earnings October 8, 2012 EARNINGS season is underway. This week, investors will learn about the health of some of the biggest US companies. There is an air of pessimism. According to analyst surveys, earnings last quarter are expected to drop 2.4 per cent, and we may see more losses reported than profits for the first time in four years. But [...]
America’s fiscal cliff may bring a new level of pain October 8, 2012 THE term “fiscal cliff” may have only been coined as a phrase by Ben Bernanke as recently as eight months ago, but it’s likely to be used more frequently as we head into the year-end. If US legislators fail to act, a combination of sharp tax hikes and public spending cuts could have the potential [...]
The Tipster | Chequered outlook for Burberry October 8, 2012 CONCERNS over a slowing global economy have affected Burberry’s performance in Asia, a key growth market for the luxury retailer. The stock, down 36 per cent from its all-time highs in April, has come under further pressure after the World Bank reduced growth forecasts in Asia. Capital Spreads quotes a price of 1,011.4p-1,013.6p for Burberry. [...]
Obama’s isn’t the only job at risk October 8, 2012 BARACK Obama’s re-election hopes were given a boost on Friday with a strong non-farm payroll print, coupled with a significantly improved unemployment rate. With less than a month until the US presidential elections on 6 November, the crucial employment survey gave the Obama camp an unbelievable fall in unemployment – falling to 7.8 per cent [...]
Analyst picks for 9 October 2012 October 8, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long New Zealand dollar-dollar Expertise: Combining fundamental and technical analysis Average time frame of trades: A few hours to a few days The Aussie-dollar long trade, after violently gyrating between gains and losses for two weeks, was closed for 100 pips: the surprise Reserve Bank of Australia rate cut [...]
Fish Market may look a bit like an aquarium but the food is ace October 8, 2012 RESTAURANT FISH MARKET Old Bengal Warehouse, New Street, EC2 Tel: 020 3503 0790 FOOD **** SERVICE **** ATMOSPHERE *** Cost per person without wine: £30 The Fish Market is one of the four new creations by restaurant group D&D to have found a home in the newly renovated Old Bengal Warehouse. Alongside the fish restaurant [...]
Wild boar was extinct for hundreds of years. Now it’s back, learn how to enjoy it October 8, 2012 Head chef, Paternoster Chop House October is here and if you’re feeling adventurous, it’s a great time to try Wild Boar. Not because it’s in season (unlike most game, wild boar doesn’t really have a season), but because the accompaniments that go best with it are. Wild mushrooms, beetroot, juniper, chestnuts, apples, plums, pumpkin – [...]
Champagne: is bigger better? October 8, 2012 City A.M.’s wine industry expert When you think about buying a bottle of Champagne, which names immediately spring to mind? Bollinger? Moet & Chandon? Brands like these carry a hefty price tag but whether their wines are better than the cheaper alternatives is up for debate. You can buy a bottle of Tesco-branded Champagne for [...]
Pearce England dream in ruins as axe hovers October 8, 2012 ENGLAND Under-21 manager Stuart Pearce is facing the sack just months after looking well placed to succeed Roy Hodgson as manager of the senior side, City A.M. understands. Pearce could lose his job if the team fail to win a two-legged play-off against Serbia on Friday and Tuesday week and clinch a spot at next [...]
