Bank intervention makes risk management critical September 24, 2012 FX360 CENTRAL banks have never been averse to interventionist strategies. But the approach has certainly fallen from favour – and in spectacular fashion – on a couple of occasions in recent memory. Just over twenty years ago, the UK was desperate to stay within the European Exchange Rate Mechanism (ERM), a system that required each [...]
THE TIPSTER | Rebuilding dominance September 24, 2012 AS TALK of a housing recovery gains momentum, investors may be looking to add growth-orientated stocks to their portfolio. Persimmon has seen tough times since the onset of the financial crisis, with shares falling from their peak above 1,500p. However, the house builder has added 67 per cent to its share price this year and [...]
Traders fear nervous consumers September 24, 2012 THE link between the willingness of a consumer in Indianapolis to go out and buy a new car and the volatility of an exchange-traded derivative may not be immediately obvious. But, in a world where central banks have long since abandoned traditional monetary policy, interest rates are at rock bottom, and the US Federal Reserve [...]
Analyst picks for 25 September 2012 September 24, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long Australian dollar-dollar Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days A descending trendline from the highs of 9 August and 23 August has kept the Australian dollar-dollar pair supported over the past four days. A base could now be [...]
Duck & Waffle doesn’t have the greatest kitchen in the world but the views are ace September 24, 2012 RESTAURANT DUCK & WAFFLE Heron Tower, 110 Bishopsgate, EC2N 4AY FOOD ** SERVICE **** ATMOSPHERE ***** Cost per person without wine: £44 MY HOUSE is what estate agents would euphemistically call “lower ground”, which translates almost exactly as “basement”. Outside the front door, running underneath the pavement, is a cupboard, which would, once upon a [...]
London’s bespoke hidden gems September 24, 2012 There are not many hair salons that have a porter greet you at the door, but then Rossano Ferretti is not your average salon. In fact it doesn’t even call itself a salon, but adopts the label “hairspa”. This is not meant to be your usual run of the mill trip to the hairdresser. Number [...]
The most influential people in beauty and makeup September 24, 2012 1. Maksymilian Faktorowicz (1872-1938) He founded Max Factor, which started as a theatrical make up shop and grew into a cosmetic empire. 2. Elizabeth Arden (1884-1966) She founded the brand, under her own name, which became international in 1915. 3. Charles Revson (1906-1975) He created the world famous makeup company Revlon, launched in 1932. 4. [...]
The New York fairytale hoping to wow London. But is it any good? September 24, 2012 RESTAURANT BALTHAZAR 80 Spring St, New York Tel: 00 1 212 965 1414 FOOD **** SERVICE ***** ATMOSPHERE **** Cost per person without wine: £45 In the late nineties and early noughties, New York’s Balthazar was the very definition of an “it” restaurant. Renowned as one of the hardest places to get a table in [...]
How to make a Drambuie cocktail fit to raise the dead September 24, 2012 City A.M.’s resident cocktail expert TO MAKE Donn Beach’s infamous Zombie cocktail you’ll need white rum, golden rum, dark rum, apricot brandy, fresh pineapple juice, fresh papaya juice, 151-proof rum and grenadine. Good luck with that. Making some cocktails is akin to trying to cook like Heston Blumenthal. You’ll be back on the beer in [...]
FTSE 100 falls on weakness in mining shares September 24, 2012 The leading share index opened down this morning, as headline mining shares dropped on concerns over the weak global outlook. Miner Bumi led the fallers in early trade, as it announced it is to investigate its Indonesian operations for alleged financial irregularities. Miners Evraz, Anglo American and Ferrexpo lost 3.75 per cent, 3.3 per cent [...]
