Tories support bribery bill April 5, 2010 PROPOSED amendments by the Conservative Party to the UK’s bribery bill have been withdrawn as Parliament prepares to pass new anti-corruption laws making it harder for UK businesses to get away with mis-conduct. Instead, the Tories have said they will fully support the bill when it comes before Parliament. A statement from the Tory office [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 5, 2010 FINANCIAL TIMES DUBAI WALTH FUND BUY-OUT HEAD SWITCHES TO CARLYLE Carlyle, the US-based private equity group, has poached Eric Kump, head of Dubai International Capital’s European private equity team, leaving the sovereign wealth fund with a troubled portfolio and lacking funds for new deals. Mr Kump will on Tuesday be unveiled by Carlyle as a [...]
Five tips for traders in the second quarter April 5, 2010 THE first quarter of 2010 was a rocky one. We had confirmation that the British economy exited recession in the last three months of 2009 but political polls increasingly pointed towards a hung parliament come the general election. The Eurozone suffered dreadfully from the Greek fiscal crisis and fears grew that its woes could spread [...]
REGULATORS HAVE TO STEP UP AND ACT April 5, 2010 OVER the past few weeks, the financial press has been full of stories of financial wrongdoing, both alleged and proven. The FSA investigations which have featured so prominently have been running for some time. Often the more egregious cases come to light following a disruption in the underlying markets. Enron imploded at the end of [...]
Britain’s election battle starts today April 5, 2010 LET the battle commence. Gordon Brown will today go to Buckingham Palace to ask the Queen to dissolve parliament, paving the way for a general election on 6 May. It will be a hugely important and exciting contest; it will be the first time since 1992 that a general election will be monitored so closely [...]
CFD ANALYST PICKS April 5, 2010 TECHNICAL STRATEGIST JOEL KRUGER My pick: Buy the FTSE 100 at 5,700 Expertise: Technical analysis Average time frame of trades: 5-10 days With the market now consolidating above 5,500 – which also coincides with the 61.8 per cent Fibonacci retracement off of the 2007-2009 extreme high-lows, we can not rule out the potential for additional [...]
Greece: aid is prejudiced April 5, 2010 GERMANY’S hard line on aid for Greece has been based on a “moral, racial approach” and the prejudice that Greeks don’t work enough, Greek deputy Prime Minister Theodoros Pangalos said yesterday. Pangalos also told a Portuguese newspaper that German leaders were too focused on catering to domestic voters at a time when the European Union [...]
Setback in Galleon case April 5, 2010 US District Judge Jed Rakoff refused to approve an agreement by a trading company tied to the Galleon Group hedge fund insider trading case to pay about $763,000 (£500,000) to settle a US Securities and Exchange Commission (SEC) securities fraud lawsuit. The refusal came six days after the trading company, Schottenfeld Group LLC, won approval [...]
Carmakers set for get together April 5, 2010 French carmaker Renault, its Japanese alliance partner Nissan and Germany’s Daimler are likely to announce partnership and cross-shareholding plans as early as tomorrow, sources said yesterday. Renault and Daimler have been discussing a partnership as carmakers worldwide seek to become more competitive, sharing technology costs and gaining scale. The automobile sector, which is emerging from [...]
THE TIPSTER April 5, 2010 AIRLINE British Airways has been beset by strikes over the past week or so but it releases traffic figures tomorrow. Investors will be eager to hear how the strikes have affected passenger numbers. The share price has remained resilient in the face of the strikes with many employees helping to keep the airline flying, but [...]
