Oils and financials weigh on FTSE offsetting miners’ rally November 30, 2010 BRITAIN’S leading share index retreated yesterday with a rally by miners more than offset by falls in oils and financials as investors fretted over Eurozone debt problems during a choppy session. The FTSE 100 closed down 22.68 points, or 0.4 per cent, at 5,528.27, a level not seen since the middle of September. The blue [...]
A Lancer’s lesson in great value November 30, 2010 ACCORDING to a recent poll, BMW owners are the worst drivers on the road. I don’t know about that, but it’s interesting that on the M40, two drivers of BMW M-Series cars try to race me. Their moves are aggressive, predicable and stupid. But perhaps not as stupid as thinking that the car I’m in [...]
CAR TALK November 30, 2010 SNOW SOCKS FOR YOUR CAR Ok so the big freeze is here. And the British don’t generally take much of a Scandinavian approach to fitting snow chains to their cars, mainly because we just can’t be arsed. Luckily Vauxhall is selling Snow Socks for cars – a kind of motoring equivalent of non-slip socks – [...]
MARKETS NEWS November 29, 2010 CMC’S NEW CHARTING PACKAGES CMC Markets has announced the launch of a new charting software package for both demo and live spread betting accounts. The software allows clients to use professional real time charts to improve their trading. Line, candle, open-high-low-close and spread charts are all available, while clients can also use technical analysis tools [...]
Russia’s Acron sells Canadian potash licence to BHP Billiton November 29, 2010 RUSSIAN fertiliser maker Acron has said it sold a Canadian potash exploration permit to BHP Billiton for an undisclosed amount. The permit covers 83,880 acres in central Saskatchewan. A source close to the Russian company said the deal was worth slightly more than the C$6m (£3.8m) sale of a similar deposit to Canada’s Sanya Resource [...]
A car that could be a fighter jet November 23, 2010 What exactly is the definition of a supercar remains a contentious issue. If a sports car is a powerful car designed for high speed with great handling and flashy looks then what is a supercar? And if a supercar is an exotic sports car with superior performance and a price tag to match, what is [...]
Germany’s K+S snaps up Potash One for £266m November 22, 2010 GERMAN fertiliser producer K+S AG is buying Canada’s Potash One for C$434m (£266.8m), joining a rush for scale in an industry that will play a crucial role in feeding the world. K+S’s C$4.50-a-share offer, a 31 per cent premium to the average price over the previous 10 sessions, comes less than three weeks after Canada [...]
THE TIPSTER November 22, 2010 TRADERS on Wall Street will have one eye on the forthcoming Thanksgiving holiday weekend because we’ve already seen a degree of risk mitigation in recent days. However with so much uncertainty right now it seems unlikely that the buyers will come back with any real conviction. No one wants to get caught on the wrong [...]
BEST OF THE BROKERS November 22, 2010 XSTRATA Standard & Poor’s has initiated coverage on the miner with a “buy” recommendation and a 12 month target price of £15.00. The broker expects group earnings to hit record levels in 2011, due to both through a £14bn capital expenditure programme that will increase volumes, and through rising prices of copper and thermal coal. [...]
BHP has no regrets as vows to continue the takeover hunt November 16, 2010 GLOBAL miner BHP Billiton is still interested in big acquisitions and does not regret spending $875m pursuing three major deals that collapsed in the past two years, its chairman said yesterday. “For me, the juice is worth the squeeze on every one of those,” Jac Nasser said after BHP’s annual shareholders meeting in the Australian [...]