THE TIPSTER OIL PRESSURE COULD DRIVE PRICES UP June 28, 2009 OIL stocks have been finding their way into many portfolios recently, with US crude back above $70 per barrel and the threat of further disruption in Nigeria helping to support prices. New problems at Gazprom and in the Ukraine could mean further unease in the energy sector, and prices could rise further as we move [...]
Murray’s form is a boon for betters June 28, 2009 WITH Andy Murray looking strong and opponents unable to put up much of a fight, this could be an interesting week for British tennis. Looking at the Wimbledon draw, there seems to be nobody except Federer to challenge the Scottish baseliner, unless Lleyton Hewitt can pull off something spectacular. That Murray has started calling him [...]
This week’s key numbers will signal if recovery is sustained June 28, 2009 IT’S A mixed call for the opening of the stock markets this morning, with GFT calling the FTSE 100 and French CAC 40 to open virtually unchanged at 4,243 and 3,137 respectively. The German DAX on the other hand is expected to start the week on a more positive note, up 20 points at 4,796. [...]
Investors hope for further optimism June 28, 2009 THERE has been a noticeable air of optimism about the markets lately, and investors will be looking for signs to validate their cheer. Premier Foods, kicking the week off today with its first half trading statement, should not disappoint. Analysts at Royal Bank of Scotland anticipate that Premier will reiterate good sales growth, costs under [...]
How London City Airport’s veteran boss is keeping his sights set high June 28, 2009 Whenever you meet Richard Gooding, London City Airport’s relaxed-looking chief executive, you can’t help feeling he has seen it all before – and after clocking up 42 years in the airline business, he probably has. Aged just 18, Gooding left rural Suffolk to work as an apprentice for British European Airways – which later became [...]
ECONOMIST VIEWS: IS IT TOO SOON TO SAY THE FINANCIAL SECTOR IS ON THE ROAD TO RECOVERY? June 28, 2009 HOWARD ARCHER GLOBAL INSIGHTI would expect there to be a gradual improvement, but the whole sector is still very vulnerable to set backs. I am not convinced that reform is going to happen to the extent that the Bank of England would like, and I think it will be a long time before we are [...]
Optimism is increasing for finance firms June 28, 2009 CONFIDENCE in the prospects for the financial services sector has risen for the first time in two years, with many parts of the industry expecting business volumes to rise in the next quarter, according to a study published today. But the latest Financial Services Survey by the Confederation of British Industry (CBI) and PricewaterhouseCoopers shows [...]
CITY MOVES WHO’S SWITCHING JOBS June 28, 2009 Securities and Investment InstituteAlan Fleming, an associate at investment management firm JM Finn, has been elected president of the Yorkshire branch of the Securities and Investment Institute (SII). Fleming, 53, joined JM Finn in 2003 and continues to be involved with the management of client portfolios after 25 years in the investment management industry. He [...]
BEST OF THE BROKERS June 28, 2009 KESAJP Morgan analysts believe that Kesa offers investors a restructuring story with the potential to deliver around 100 per cent earnings per share growth over two years. The broker views the firm’s continued investment in new markets as a positive, especially as it has been achieved with a capex reduction. It remains “overweight” on the [...]
Government criticised over backdated shipping rates by top company bosses June 28, 2009 DIRECTORS from 22 shipping companies, including P&O European Ferries and DFDS Tor Line, have slammed the government, accusing it of ignorance, and a disregard for the future of jobs in the industry. In a letter to business secretary Lord Mandelson some of the most prominent names in UK port operations said the government had been [...]
