More firms poised to raise fuel prices July 24, 2011 MORE than 12m customers, including households and small businesses, will next month see their gas and electricity bills increase by up to £200 a year. While half of the UK’s “Big Six” utility companies have now raised their fuel prices, the remaining three – Npower, EDF and E.ON – are expected to follow suit in [...]
Canary Wharf set to win Shell Centre redevelopment bid July 24, 2011 THE property developer Canary Wharf Group is set to be selected by Royal Dutch Shell to transform the area around the oil firm’s London headquarters, near Waterloo station. The developer, which is majority owned by Songbird Estates, has teamed up with Qatari Diar, the property investment arm of Qatar’s sovereign wealth fund, to offer up [...]
Oil companies set to announce huge increase in second-quarter profits July 24, 2011 BRITAIN’s three biggest oil companies are set to reveal a big jump in profits this week, driven by high oil prices. Royal Dutch Shell (RDS), BP and BG Group are expected to post profits totalling $15bn (£9.2bn) for last financial quarter, helped by oil prices that rose to an average $117 a barrel throughout the [...]
Charter to set out its survival strategy after rebuffing bid July 24, 2011 CHARTER International, the engineering firm that has twice rebuffed bids from the industrial investor Melrose, will this week pitch a set of proposals to investors on how it will improve its performance, as the company fights to retain its independence. In its interim results this Friday, Charter will outline an operational strategy to improve the [...]
CITY MOVES | WHO’S SWITCHING JOBS July 24, 2011 ASHCOURT ROWAN The wealth management group has appointed Jeremy Rance, its chief operating officer, as an executive director. Rance, 48, joined Ashcourt Rowan as director of planning in June last year. He led the negotiations on the acquisition of the Co-op Independent Financial Adviser business in October 2010. Rance was appointed as chief operating officer [...]
BEST OF THE BROKERS July 24, 2011 BRITISH AMERICAN TOBACCO Ahead of first-half results on 27 July, Citi rates the tobacco group as a “hold”, and lifts its target price from 2800p to 2890p. The broker also lifts its forecasts three per cent above consensus having upped its estimates for Asia to take into account a boost in the Japanese market, following [...]
Heat is on for a US debt deal July 24, 2011 DESPITE the lifeline thrown to Greece by Eurozone leaders last week, there seems to be a widespread view that this was merely a band-aid fix, even a hastily cobbled together deal, which still does not draw a definitive line under the European public finances crisis. Furthermore, any relief rally which it may have spurred on [...]
WALL STREET WEEK AHEAD July 24, 2011 NEW York City may be frying in near record temperatures but Wall Street has been feeling the heat for months. Wrangling over the US debt ceiling and questions marks over corporate earnings mean markets are unlikely to get a break any time soon. Wall Street is set to close its worst three months in a [...]
For healthy profits, take the pulse of markets with technical analysis July 24, 2011 I MAKE close to 100 per cent of my trading and investing decisions using technical analysis, which is the study of price action itself – through charts or quantitative techniques – in preference to the study of underlying economic and financial factors, which ultimately drive prices in the longer-term. VITAL SIGNS A technical analyst is [...]
THE TIPSTER July 24, 2011 DOMINO’S Pizza has been one of the success stories of the last couple of years as more and more people have opted to stay in rather than go out for dinner due to restricted finances and economic uncertainty. CMC Markets spread on Domino’s Pizza is 463.74p-464.97p Sainsbury’s dipped to a very significant long term support [...]
