Banks and commodities make gains as Wall Street is closed for public holiday February 15, 2010 BRITAIN’S leading shares rose 0.5 per cent yesterday, led by firmer banks and commodity issues after falls in the previous session, while British Airways climbed on increased hopes for a global alliance. At the close, the FTSE 100 was 25.02 points higher at 5,167.47, well below the session peak of 5,194.29. Blue chips drifted off [...]
European stocks boosted despite Greek concerns February 15, 2010 EUROPEAN shares closed higher yesterday, supported by gains in banks and miners while defensive food producers fell, but a lack of clarity over eurozone support for Greece was seen capping further gains for equities. The FTSEurofirst 300 index of top European shares provisionally closed 0.4 per cent higher at 991.76 points, after falling 0.3 per [...]
City veteran Adam Wilson takes helm at Daniel Stewart February 15, 2010 STOCKBROKING doyen Adam Wilson, the former chief executive of Hichens Harrison, has joined loss-making City broker Daniel Stewart as chief executive in a bid to revamp the business. Wilson’s appointment comes after Daniel Stewart yesterday said it had secured a deal to buy Dubai-based financial consulting business Mena-RL, which was set up by Wilson after [...]
There’s still some sweetness left in the price of raw sugar this year February 15, 2010 IF THERE was any commodity guaranteed to provide sweet profits for traders in the second half of 2009 it was sugar. Raw prices have more than doubled since mid-2009 to almost 30 cents per pound at the end of January, their highest level since 1981. Like other commodities, sugar has since taken a bit of [...]
Ferdinand deserves chance to captain, says Lampard February 15, 2010 FRANK LAMPARD believes Rio Ferdinand deserves the chance to captain England – even if it is at the expense of his Chelsea team-mate John Terry. Ferdinand was handed the job of leading his country out at this summer’s World Cup after boss Fabio Capello stripped Terry of the captaincy following allegations about his private life. [...]
BULL OR BEAR, YOU NEED TO BE NIMBLE February 15, 2010 FOR anyone who found last year’s nine-month rally in global equities perplexing, or frustrating, then 2010 seems to have brought a hint of sanity back to the markets. The sell-off of the past few weeks feels like a vindication for those who have been suspicious of the strength of the equity rally since the beginning [...]
Liberum Capital shakes up its management February 15, 2010 LIBERUM Capital, the investment banking group set up by former Collins Stewart chief executive Shane Le Prevost, has reshuffled its management team after a period of strong growth despite the downturn. Liberum said yesterday it had appointed Simon Stilwell as its new chief executive. Stilwell has run the firm’s small cap sales team since it [...]
Nikkei avoids Toyota’s woes February 15, 2010 JAPANESE corporate culture has taken a beating in recent weeks as one of its biggest companies, Toyota, has recalled more than 9m vehicles worldwide over fears about faulty accelerator pedals, leaving its reputation in tatters. Contracts for difference (CFDs) traders might think that Toyota’s troubles would affect the Nikkei 225, Japan’s stock index, due to [...]
Powell kicked out for drink drive shame February 15, 2010 WALES flanker Andy Powell has been dropped from the Six Nations squad after his arrest for drink-driving a golf cart in the early hours of Sunday. The British and Irish Lions star, who is due in court next month, failed a breathalyser test and was arrested just hours after Wales beat Scotland at the Millennium [...]
CITY VIEWS: IS GERMANY RIGHT TO BE TOUGH WITH GREECE February 15, 2010 ANDREW BOND | LEND LEASE GROUP “The EU is supposed to be a critical mass in itself and the reason for joining is to make trading between countries easier, so the EU should stand by Greece. Germany bailed out East Germany and that’s probably why they’re not so disposed to a bailout.” MARK WALDEN | [...]
