ELECTION2010 April 11, 2010 Labour slammed over leaflets The Labour party faced a wave of criticism yesterday after using private data to mailshot thousands of cancer survivors to take a swipe at the Tories. They suggested the Tories will scrap a Labour policy of guaranteeing that suspected breast cancer cases will be seen by a specialist within two weeks. [...]
The defender of feminism who is taking on the City April 11, 2010 EVEN before parliament was dissolved last week, there was a strange end-of-an-era feeling hanging over the House of Commons. More than 150 MPs are standing down, many of them discredited by the expenses scandal, while a tired Labour government is limping towards the end of its third term with little in the way of new [...]
Oil price rises as economies spring to life April 11, 2010 THE price of oil has been on the march again as demand rises on the back of global economic recovery – but experts have predicted that the price should stabilise after reaching the top end of expectations. Positive economic data from the US last week saw the price of crude oil rise above $86 a [...]
ANALYST VIEWS WHAT’S NEXT FOR THE OIL MARKET? April 11, 2010 IVOR PETHER | ROYAL LONDON ASSET MANAGEMENT “The recent rise in the oil price is intriguing as there has also been a flattening of the forward curve – the spot price is up from $75 to $85 over the last couple of months, while prices for delivery several years out have fallen from $90 to [...]
SABMiller is a FTSE beater April 11, 2010 LONDON listed SABMiller will aim to outperform the FTSE 100 index for the tenth straight year in 2010 and confirm its status as one of the best market-beating stocks around, according to financial website The Motley Fool. The South African brewer is expected to receive a boost from the football World Cup this summer and [...]
Eurostar owners to privatise group April 11, 2010 OWNERS of Eurostar are moving to set up the high-speed train service as a standalone company after years of negotiations. The British government, along with French and Belgian state owned rail companies, are announcing today that they will relinquish ownership of the rail company and instead create a new company, which will be incorporated in [...]
China records shock trade deficit in March April 11, 2010 CHINA has recorded a rare monthly trade deficit in March for the first time in six years following the increase in price of imported goods, raw materials and commodities. Chen Deming, China’s minister of commerce, said the nation’s $7.2bn (£4.68bn) trade deficit was a “blip”. The minister also repeated his government’s now entrenched line that [...]
Cazenove executive quits April 11, 2010 JPMorgan Cazenove has been rocked by the shock departure of its head of UK equity research. David Knox had been with the bank for more than 15 years and served on the executive board. He also served as deputy head of European equity research. Sources close to the matter say the departure was amicable. There [...]
Obama fears al Qaeda arsenal April 11, 2010 President Barack Obama said yesterday that efforts by groups like al Qaeda to acquire nuclear weapons represented the biggest security threat, and he hailed a sense of urgency among leaders taking part in this week’s nuclear security summit. Obama, speaking before the start of the two-day conference today that will bring together nearly 50 countries, [...]
Hedge funds pile into financials April 11, 2010 Hedge funds are on the verge of becoming net buyers of financial shares for the first time in several years, according to research from Swiss bank UBS. Market strategist Karen Olney said long/short funds were buying into global equities at their fastest pace since 2007, particularly banking shares where they believed fears over tighter regulation [...]
