Pain in Spain will continue to reign June 11, 2012 AFTER opening to a flurry of optimism – following this weekend’s agreement to bail out Spanish banks – stock markets had sunk back down by the end of yesterday. It’s business as usual for Europe, and business is usually pretty bad right now. “Friday’s late price action on the Ibex 35 was indicative – traders [...]
Analyst picks for 11 June 2012 June 11, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Long euro-dollar at €1.246, stop on close below €1.240 Expertise: Technical analysis Average time frame of trades: 1 day to 1 week This past week was rather constructive for the euro, in light of intense selling in previous weeks. A break of a sequence of four consecutive weekly lower [...]
Gold and the Vix: why the two fear indices matter June 11, 2012 FOR the last four years, pictures of traders with their hands on their faces have been a staple of financial newspaper picture desks. And that doesn’t seem to be anywhere near to ending. Markets are jumpy, with the doomed €100bn gamble to bail out Spain’s banks. But volatility and market uncertainty needn’t be traders’ enemy [...]
How the British summer can put your head in the clouds June 11, 2012 Look out of the window. Chances are, it is raining. Just like it was yesterday. The British summer is in full swing, once again failing to live up to its early promise of sunshine and blue skies. The Met Office warns the weather is likely to remain “unsettled” for at least the next month – anyone [...]
Standard Chartered Great City Race diary June 11, 2012 JAMES FATTAL, 25 MEDIA AND COMMS WORKER FOR ALL the hype around the London Olympics, you’d think everyone who has digested any news in recent times will have been inspired to become a health and fitness fanatic. I wasn’t one of them. That was, until I was offered the opportunity to run in the Standard Chartered [...]
Paralympic athlete Sophia Warner is ready for the test June 11, 2012 FITNESS & DIET EXPERT WITH just over two months to go until the start of the Paralympics, 100m and 200m athlete Sophia Warner, who has cerebral palsy, is excited, anxious – and training very hard. I caught up with her to talk training, nerves and multi-tasking. SO HOW ARE YOU FEELING? Really excited but very [...]
Technicolor rejects new offer from JP Morgan June 11, 2012 French set-top box maker Technicolor rejected a revised offer from a JPMorgan Chase investment fund to buy a 30 per cent stake for 179m euros (£143m) and opted instead for an original, lower offer which it said was better structured. Technicolor, which is trying to pay down debt and enact a turnaround plan, said it [...]
Silicon Valley Bank to open London branch June 11, 2012 SVB Financial Group’s banking unit Silicon Valley Bank said it would open its first international branch in London, as the lender looks to tap into the technology startup sector in the United Kingdom. The international expansion, which comes at a time when other lenders are closing branches and facing contracting margins, highlights the bank’s strategy [...]
Laura Ashley continues to buck retail gloom June 11, 2012 Laura Ashley sales have risen again as the company continues to buck the gloom on the high street. The company, known for its distinctive prints, said like-for-like sale rose 5.4 per cent in the 18 weeks to 2 June compared with the same time a year earlier. Laura Ashley’s website saw sales increase by 18.8 [...]
Market euphoria over Spanish bank bailout fizzles June 11, 2012 Financial market euphoria over a European bailout for Spain’s debt-stricken banks faded quickly today as investors sounded the alarm over its impact on public debt and bondholders, and eyed the next risks in the euro zone’s debt crisis. EU and German officials said Spain faces supervision by international lenders after the deal to lend Madrid [...]
