Capital & Counties progresses August 3, 2010 Property developer Capital & Counties yesterday said it is making progress on getting planning consent to redevelop London concert and exhibition venues Earls Court and Olympia. The company hopes to begin work on a residential project after Earls Court is used to host events related to the 2012 Olympic Games.
Devro sees 86pc profit boost August 3, 2010 Scottish sausage skin maker Devro yesterday announced an 86 per cent rise in first-half profit, from £9.2m in 2009 to £17.1m this time around. The company, headed by chief executive Peter Page, also announced an increase in its interim dividend to shareholders of 40 per cent to 2.0p per share, up from 1.425p per share [...]
SDL bullish for rest of 2010 August 3, 2010 Translation software firm SDL yesterday posted a 13 per cent increase in first-half revenue and a nine per cent rise in profit. SDL said the growth came thanks to a recovery in demand from its major multinational customers. In a statement to the London Stock Exchange, the company said it is confident about the rest [...]
GOODHART: IF I WERE ON TODAY’S MPC, I’D WANT TO BE PUT TO SLEEP August 3, 2010 ATTENDEES at the London School of Economics’ (LSE) monetary policy conference yesterday morning were treated to an A-list talking heads line-up, with former members of the Monetary Policy Committee (MPC) Sir John Gieve and Charles Goodhart joining Fitch Ratings’ Brian Coulton to discuss interest rates. Unfortunately, the audience was not about to flatter its illustrious [...]
FTSE closes flat as Monday’s zeal for banks wanes and energy firms recover August 3, 2010 BRITAIN’S top shares ended steady yesterday as strength in oils offset falls in banks following weaker-than-expected US data that stoked concern about the strength of the economic rebound. The FTSE 100 closed down 0.63 point at 5,396.48 following a 2.7 per cent gain on Monday to a three-month closing high. “Weak US data in the [...]
Procter & Gamble drags on Wall Street in flat day August 3, 2010 US stocks slipped yesterday as Dow component Procter & Gamble’s lacklustre results, coupled with weaker-than-estimated data on consumer spending and housing, prompted investors to exercise caution a day after the market’s two per cent rally. P&G dropped 3.4 per cent to $59.94, ranking as the top drag on the Dow industrials after the consumer goods [...]
Aussie’s hot August run August 3, 2010 IT WAS no change yesterday for the Reserve Bank of Australia, which agreed to keep the cost of borrowing on hold at 4.5 per cent for the third consecutive month. This signalled continued stabilisation in the Australian economy, which is good news for its first female prime minister Julia Gillard. The decision to hold rates [...]
TREAT RALLY IN THE POUND WITH CARE August 3, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT TO THE surprise of many market analysts, including yours truly, sterling has been on a tear lately. Not only has the pound rallied, but it has significantly outperformed the euro, gaining more than 200 pips on the continental currency over the past several weeks. So why such sudden explosive strength [...]
Go long on the rupee to target Indian growth August 3, 2010 WITH the Indian government finally adopting a standardised symbol for the rupee last month, there are ever more signs that the currency is going to become more accessible to investors. Given its persistent weakness against the dollar in recent times – out of line with other Asian currencies, as the chart on the right shows [...]
THE TIPSTER August 3, 2010 COMMODITY currencies such as the Australian dollar and the Canadian dollar have been back in vogue this week, with decent bids backed by a 10 per cent rally in the Reuters/Jefferies CRB commodity index since June. US dollar-Canadian dollar has just broken a major trendline support at Ca$1.0287 and momentum is skewed to the downside. [...]
