The lady who took the lead March 10, 2011 NO, NO, no, I did not see myself as a feminist, in some ways the feminist movement did more harm than good,” says Debbie Moore, the first woman to float a company on the London Stock Exchange (LSE). “Having a female Prime Minister improved the atmosphere, but not just for women, for everyone with entrepreneurial [...]
Optimism on jobs fuels Wall St rally March 3, 2011 INVESTORS betting on a big gain in US payrolls pushed Wall Street to its best one-day rally in three months yesterday, but weak volume remained a concern. As oil paused from its recent climb, the market’s focus shifted to stronger-than-expected economic data a day before the February US employment report. The median estimate is for [...]
Wall St shrugs off fresh oil price rise March 2, 2011 US stocks eked out gains yesterday despite another rise in oil prices as investors bet the latest data signaled the economy could absorb expected higher energy costs. Wall Street seesawed as oil fluctuated throughout the day. Brent crude LCOc1 hit a 2 1/2-year high above $117 a barrel in the late morning but later slipped. [...]
Wall Street’s fear gauge leaps 13pc March 1, 2011 CONCERNS that rising oil prices could hurt economic recovery prompted investors yesterday to sell stocks and hedge against further declines. The CBOE Volatility Index (VIX), Wall Street’s so-called fear gauge, jumped 13.1 per cent to 20.75 on growing uncertainty about oil. The index measures the cost of using options as insurance against a decline in [...]
CNBC’s Maria Bartiromo shares the secrets of her long-running success March 1, 2011 I LOVE this city!” Maria Bartiromo waves her arm, indicating not just the art deco luxury of Claridge’s, where we meet over breakfast, but London in its teeming, cosmopolitan entirety. “Chic, sophisticated… great for business. I feel jazzed to be here. I grab the chance to come.” Bartiromo is a long-time New Yorker, famous for [...]
Wall Street finishes February on a high February 28, 2011 BULLISH comments from Warren Buffett helped US stocks end another good month on a high note yesterday, but uncertainty about oil prices could keep investors from pushing the market much higher. A sign stocks may stall out was evident in the lacklustre volume, in contrast with last week’s selloff, which occurred on heavy volume. Just [...]
LSE takes on rivals with new platform February 24, 2011 THE LONDON Stock Exchange (LSE) is to launch a new pan-European derivatives trading platform in a bid to crack the dominance of rivals NYSE Euronext and Deutsche Boerse. The European futures market has traditionally been dominated by the New York and Frankfurt-based exchanges, which announced plans to merge earlier this month. Yet the LSE yesterday [...]
Seymour Pierce merger shaky as Gerova delists February 24, 2011 PROPOSED Seymour Pierce buyer Gerova Financial Group has been delisted from the New York Stock Exchange due to concerns over its financial disclosure. Bermuda-based Gerova’s shares were suspended by the NYSE on Tuesday amid allegations it failed to report its financial dealings accurately to investors and its shares have been subject to insider trading. Its [...]
US stocks drop on volatile oil prices February 23, 2011 US stocks dropped for a second straight session yesterday as Libya’s violence sent oil prices up briefly to $100 (£61.69) a barrel and tech shares sank, adding credence to calls for a market correction. The Dow Jones industrial average fell 107.01 points, or 0.88 per cent, at 12,105.78. The Standard & Poor’s 500 Index lost [...]
WHAT THE OTHER PAPERS SAY THIS MORNINGF February 22, 2011 FINANCIAL TIMES SUGAR TRADERS CONSIDER CAP The world’s largest sugar exchange and top traders are mulling “circuit breakers” to cap the recent surge in price volatility, people familiar with the discussions said. The ICE Futures US exchange, based in New York, and the World Sugar Committee (WSC), an advisory group of top traders, are setting [...]