Shed Media appoints Rabbatts as non-executive chairwoman May 27, 2009 TELEVISION production company Shed Media has appointed Heather Rabbatts as its non-executive chairwoman. The former Channel 4 head of education will join the Shed Media board on 10 June, replacing David Kogan. Rabbatts is also a non-executive director of the Royal Opera House, UK Film Council and Crossrail, and was previously a non-executive director of [...]
GREEN SHOOTS FOR MEDIA May 27, 2009 GOLDMAN Sachs turned positive on a number of publishers, upping its target price for Daily Mail and General Trust to 346p and for Trinity Mirror to 88p. The investment bank said signs of a“positive macro outlook” had led it to increase its forecasts for the media sector by an average of 23 per cent for [...]
ADDICTS, INCEST AND ORGIES: HOW THE STOCK EXCHANGE DOES DRAMA May 26, 2009 EXTRA-curricular activities (of the character-building, not reputation-trashing, sort) have become rather popular in the City since improving one’s CV became more of a necessity than an idle pastime. And in that spirit, keen Square Mile theatregoers will be happy to learn that SEDOS – the Stock Exchange Dramatic and Operatic Society – have been hard [...]
Moving from TV green rooms to Parliament’s green benches May 26, 2009 YES JEREMY HAZLEHURSTBEING an effective politician is about getting things done. Too many MPs sit on the back benches for their whole careers because of a lack of ambition or ability. Joanna Lumley has shown that star-power can drive through change far more than a knack for patiently sitting through constituency surgeries and the support [...]
Keep an eye on geopolitics: it matters to the forex markets May 26, 2009 OPPORTUNISTIC currency traders have always been quick to price in oil price spikes, non-standard monetary policies and signs of green shoots, sending currencies up and down depending on the level of risk aversion in the markets. Risk appetite, or the lack of it, has been a major driver of currency movements since the start of [...]
DOLLAR BULLS WAKE UP TO US REALITY May 26, 2009 AT the start of the year, I wrote that the biggest nightmare facing dollar longs would be the prospect of a failed US Treasury auction creating massive capital outflows from dollar-denominated assets. For a while those worries appeared misplaced as the greenback rallied on the safe haven bid. Now the full force of those fears [...]
Apple jumps as Dow Jones rallies May 26, 2009 US stocks climbed more than 2 per cent yesterday as data showing the biggest monthly jump in consumer confidence in six years lifted hopes of an economic rebound, and a brokerage upgrade of Apple drove sharp gains on the Nasdaq. Apple’s shares closed nearly 7 per cent higher after Morgan Stanley said the iPhone will [...]
VEXED IN THE CITY SOLVING YOUR RECESSION PROBLEMS May 26, 2009 DEAR VEXED: The expenses scandal has got me a little ruffled. Not just because of how MPs have been using taxpayers’ money. Mainly, actually, because I’ve been taking a few liberties with my own expenses – money’s tight and all. Now I’m scared of getting called on it and losing my job, to say the [...]
US consumer confidence boosts late London trading May 26, 2009 BETTER than expected consumer confidence data out of the US gave the FTSE 100 a much-needed boost yesterday afternoon, after Asia’s sell-off – driven by concerns of heightening geopolictical tension on the Korean peninsula – infected the London markets in early trading. “Following the release of the US consumer confidence data there was an immediate [...]
Windies win is a warning, says Strauss May 26, 2009 CAPTAIN Andrew Strauss believes his England side are an “outside bet” to win the World Twenty20 next month after completing their one-day demolition of West Indies at Edgbaston. Wicketkeeper Matt Prior top scored with a career-best 87 as England racked up 328-7 – their sixth highest ODI total – to set up a 58-run victory [...]
