Asprey boss leaves luxury jeweller July 25, 2010 The chief executive of Asprey, jeweller to the Royal Family, is understood to have quit the company as it undergoes a turnaround process. Robert Procop is believed to have left after two years with the Bond Street retailer, which was rescued from insolvency in 2006 by investment houses Sciens Capital and Plainfield Capital. Procop joined [...]
ROTHSCHILD BANK HEIR COMES IN TO LAND ON PLASTIC BOTTLE BOAT July 25, 2010 IT’S the end of a rather long nautical road today for banking heir David de Rothschild. De Rothschild, a devoted environmentalist, set out from San Francisco back in mid-March, in an attempt to sail over 7,500 nautical miles across the Pacific ocean… in a boat made from 12,500 recycled plastic bottles. The stunt was designed [...]
BILL OF THE WEEK July 25, 2010 LADIES who lunch are clearly back in fashion, if this £1,220.91 lunch bill is anything to go by. This group of well-heeled women headed to Le Cercle restaurant in Knightsbridge for a French tapas lunch last week. They nibbled daintily on a double helping of caviar, quail, duck, scallops, sweetbreads, mackerel, crab and tomato tart, [...]
Positive verdict expected on bank stress tests July 25, 2010 RESULTS from the European bank stress tests came out on Friday but after the close of European markets. Fewer banks than expected failed the tests – just seven smaller ones – and we are likely to see some relief filter through to stock markets this morning. GFT is quoting the FTSE 100 index to open up 35 points from [...]
WALL STREET WEEK AHEAD July 25, 2010 WALL Street enters this week on the cusp of a breakout in US stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of last week. The markets endured malaise with poor economic data and downbeat testimony from Federal Reserve chairman Ben Bernanke on Wednesday, [...]
Inflation is set to dip but any respite won’t last very long July 25, 2010 TRADERS betting on the consumer price index (CPI) will have pricked up their ears last week at comments from the Bank of England’s chief economist Spencer Dale. Dale surprised analysts by referring to the “evils of inflation” in an interview with the Independent: “A very senior executive said to me: ‘Aren’t we going back to [...]
Gains in black gold will be capped July 25, 2010 SPREAD BETTERS love the volatility created by stormy markets and a veritable storm is brewing in crude oil at the moment – tropical storm Bonnie to be more precise. Fears that Bonnie would disrupt oil operations in the Gulf of Mexico over the weekend, combined with strong economic data, pushed crude oil more than 3 [...]
THE TIPSTER July 25, 2010 ARM Holdings had a cracking start to the year with the company’s share price racing ahead. Signs of a global economic recovery and an increase in corporate spending on technology is helping the sector. But with the share price trading at the top end of analyst estimates, Tuesday’s interims could be the trigger for profit [...]
TECHNICAL GURU July 25, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, what is technical analysis? A. There are two broad schools of thought when it comes to making a decision about when to buy and sell a security in the financial markets. Firstly, there is fundamental analysis, which essentially involves looking at the overall economy, analysing and understanding companies’ [...]
Fall in love with lava in wild and woolly Iceland July 25, 2010 THIS year Iceland became infamous for the deeply inconvenient glacial eruption of “that” volcano – Eyjafjallajökull (pronounced “AY-uh-fyat-luh-YOE-kuutl-uh”). Its extraordinary qualities as a country were overshadowed by the chaos of grounded planes. Yet it is starkly beautiful and untamed, overflowing with adventure, history and plenty of volcanic action (brilliant to watch when it doesn’t spoil [...]
