New M&Ahead at miner ENR October 11, 2009 Former head of investment banking at Commerzbank, Mehmet Dalman, will lead a M&A committee at Eurasian Natural Resources, the Kazakh miner. It is the company’s clearest indication yet that it intends to continue buying global mining assets, after buying Central African Mining & Exploration Company for £584m.
BGGroup set to sell off power arm October 11, 2009 BG Group is set to announce that it has accepted a bid for part of its £1.5bn power generation business, after it received an unsolicited offer. Goldman Sachs has been appointed to advise on the bid, which is not thought to cover all of the company’s operations, which span Europe, Asia and America.
Li & Fung eyes up US acquisitions October 11, 2009 Li & Fung, the biggest supplier of clothes and toys to US groups Wal-Mart Stores and Target, said it is considering acquisitions of several US companies with hundreds of millions of dollars in annual sales. The company has a $1bn (£631m) acquisition fund, and is eyeing “multi-hundred-million-dollar-sales companies,” in the US.
Attention turns to the pub as leisure sector steps out October 11, 2009 This week will give us a glimpse of how consumers are spending their time, with Whitbread, Punch Taverns and PartyGaming all reporting. But it will be opinion-polling firm YouGov that gets a reaction from investors today, as it reports its full-year results. The company said in July that it was beginning to see the benefits [...]
Labour are at an all-time low, but the prices could improve October 11, 2009 WHEN he walked off stage in Manchester last Thursday, having delivered his speech to the Conservative Party Conference, most people in the country were left believing that this time next year David Cameron will be prime minister. Indeed, Cameron is odds-on to be the next PM with most of the high street bookies, so you [...]
How to play the US third quarter earnings season October 11, 2009 THIS week is widely expected to be crunch time for the markets across the world as the third quarter earnings season kicks off in earnest in the US. With companies from across the board reporting – including big hitters like Goldman Sachs, Citigroup, IBM and General Electric – we will finally see whether the rally [...]
GOLD’S RALLY IS WITHOUT FOUNDATION October 11, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMA bout of profit taking on Friday barely made a dent in gold’s storming rise last week and other commodities were not lagging far behind. Dollar-denominated commodities were underpinned by the creeping feeling that the desirability of the dollar may now be fading. Equally supportive was a rise in inflationary fears, despite [...]
THE TIPSTER METALS’ SHINE BOOSTS THE FTSE MINERS October 11, 2009 RISING commodity prices have put the mining sector in the spotlight and sent their stock prices soaring. But will the bottom line support the rising share price? Miner Rio Tinto reports on Wednesday and it has made considerable ground since the credit crunch and since rival BHP Billiton declined to acquire them. The focus is [...]
Winter breaks are all about curling up in a flash hotel October 11, 2009 THE nights, as you will have noticed, are starting to get darker earlier. Rain is falling more often. Coats, scarves and gloves are beginning to emerge from wardrobes. In short, winter is coming. At this time of year, if you are going to take a European city break you are not going to be doing [...]
Dolder Grand Hotel &Spa October 11, 2009 PERCHED just outside Zurich, the Dolder was built in 1899 as an escape for the good citizens. In 2001, though, it was taken over and given a thoroughly modern makeover, opening in early 2008. The old, castle-style hotel still exists, but is now embraced by a slinky and utterly fabulous new building. The old part [...]
