CITY MOVES WHO’S SWITCHING JOBS November 1, 2009 GrosvenorThe property group’s Britain and Ireland business has appointed Heather Rabbatts as a non-executive director.Rabbatts is also currently a non-executive at Crossrail, Shed Media and Millwall Holdings, where she was also previously chief executive. She has previously held positions as a non-executive at the Bank of England, a trustee of the British Council and governor [...]
Bank closures hit 17-year high as US regulator shuts down another nine November 1, 2009 REGULATORS closed nine more American banks, all owned by the same holding company, on Friday. A month ago the banks had combined assets of $19.4bn (£11.7bn) and deposits of $15.4bn, says the Federal Deposit Insurance Corporation (FDIC). The banks were all subsidiaries of FBOP, a holding company based in a suburb of Chicago. There have [...]
BEST OF THE BROKERS November 1, 2009 PARTYGAMINGKBC Peel Hunt upgraded Partygaming to “buy”, noting that the shares have fallen back over 20 per cent over the past two weeks, a technical situation created by the recent placing. But the broker said that the outlook for the group has not deteriorated – quite the opposite as recent developments in Germany could prove [...]
Week to start with a nervy sell-off after Wall St plunge November 1, 2009 UK and European indices are set to head lower this morning, in a week that is likely to be characterised by volatile trading amidst uncertainty over global economic cues. GFT is quoting the FTSE 100 index to open down 40 points from Friday’s close of 5,044. The German DAX is also called lower, down 24 [...]
ECONOMIC DIARY November 1, 2009 Monday 2 NovemberUK:October PMI Manufacturing (9.30am)Eurozone:October PMI Manufacturing (9.00am)US: October ISM Manufacturing (3pm)September construction spending (3pm) Tuesday 3 NovemberUK:October PMI Construction (9.30am)US:September factory orders (3pm)ABC consumer confidence (10pm)October total vehicle sales anddomestic vehicle sales (10pm)Federal Reserve’s Open Market Committee (FOMC) begins its meeting on interest rates Wednesday 4 NovemberUK: October Nationwide consumerconfidence (12am)October PMI [...]
Study history to successfully bet on premier league points November 1, 2009 OF all the spread bets you can have on football, the most meaningful is the average season points bet in the premier league. At first glance, this might seem like a straightforward bet. Look at the previous points totals of the winners and the relegated teams in the past few years, decide which team you [...]
The future of trading is here, and it’s mobile November 1, 2009 IT’S 8AM and I’m standing on a busy train on my way to work with my eyes glued to my phone, unable to drag my attention away from the flickering numbers and charts. The London markets have just opened and the screen has suddenly burst in to life. I had placed a few trades ahead [...]
MORE QE ON THE CARDS TO BOLSTER UK November 1, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMthe release of stronger-than-expected US GDP data last week and favourable confidence numbers from the eurozone highlight the position of the UK as being one of the weakest economies in the G10. There is a strong chance that this week’s Bank of England Monetary Policy Committee (MPC) meeting will bring yet another [...]
THE TIPSTER TURBULENCE MAY BE OVER FOR RYANAIR November 1, 2009 WE are still in earnings season, which means that shares and indices are subject to plenty of daily moves. Irish airline Ryanair had a turbulent time in October with its share price tumbling from €3.50 to below €3.00 so investors will be looking for some good news when it releases second quarter numbers today. The [...]
Sun, sea and Arabian Delights November 1, 2009 THERE are many parts of the world about which I am pessimistic but Dubai, despite its recent economic woes, is not one of them. Nobody else in the Middle East has pulled off what Dubai has achieved: a peaceful, capitalist, multi-ethnic state based on commerce, property, finance, entertainment and tourism. While it has been engulfed [...]
