Banking shares lead FTSE as debt in Eurozone makes UK a safe haven November 12, 2012 BRITAIN’S FTSE 100 finished flat but outperformed European stocks yesterday, led by a financials sector that bucked the broader European trend as investors sought refuge from Eurozone debt distress. Financials, the broad sector which includes banks, insurers and asset managers, added 9 points to the FTSE 100 and ensured the blue-chip bourse finished in positive [...]
FTSE 100 flat as market sentiment wanes November 12, 2012 The leading share index was flat in early trading, as market sentiment remained cautious as uncertainty over Greek aid talks and the US fiscal policy outlook was compounded by weak GDP data from Japan. Miners led the blue chip fallers in early deals. On the FTSE All-Share, energy support services firm Cape was down 35.12 [...]
UK lacks entrepreneurial spirit November 11, 2012 Citizens of developing countries see struggling through adversity as a necessary means to achieving success, survey data suggested today. Eighty-eight per cent of Indian respondents to a Barclays poll, along with 74 per cent of Saudi Arabians polled said entrepreneurs should persist when faced with setbacks – compared to just 35 per cent of respondents [...]
Inflation on the way up again as energy bills and tuition fees strike November 11, 2012 INFLATION will be back in the spotlight tomorrow when official figures are released, followed by the Bank of England’s quarterly Inflation Report on Wednesday. While the Consumer Price Index (CPI) fell to 2.2 per cent in September, it is expected to increase again due to rising tuition and energy bills. “We expect the CPI to [...]
Embracing failure is key to reviving Western growth November 11, 2012 IN AMERICA, a new parenting book is causing a stir. The author Paul Tough argues that an overly hands-on approach can harm a child’s development. Instead, parents should be more laissez-faire. They should give children the chance to fail in order to encourage the development of qualities like grit and optimism. Perhaps this is a [...]
A global week for passing things on November 11, 2012 GLOBAL entrepreneurship week has come to London, and this year it’s all about passing on. Sponsored by Barclays, the idea is for experienced entrepreneurs to give early start-ups and their founders the practical help they need to turn an idea into a business. But with more than 2,500 events taking place across the country, you [...]
FTSE 100 down as investor sentiment drops November 9, 2012 The leading share index was down this morning, consolidating overnight losses in Asia and the US. Miners led the fallers in early trading, with Eurasian Natural Resources, Kazakhmys and Anglo American among the blue chips feeling the heat. On the FTSE All-Share, Finnish miner Talvivaara slid more than nine per cent in early deals. Yesterday [...]
S&P revises Lloyds TSB rating outlook due to profit forecasts November 8, 2012 CREDIT rating agency Standard & Poor’s (S&P) yesterday downgraded its outlook on Lloyds TSB to negative from stable, citing the additional £1bn provision for payment protection insurance (PPI) mis-selling claims which the bank made at last week’s third quarter results. S&P said the additional provision makes it likely that Lloyds will see a pre-tax loss [...]
Was the Boe right to hold interest rates and QE? November 8, 2012 CHARLES DAVIES | DBS VICKERS No. I don’t think it’s right. I think for the economy to function correctly interest rates should be kept around four per cent.” TERAS ULAKHOVICH | BARCLAYS CAPITAL I don’t know. Whatever you do with the interest rates, it won’t change the economy.” JOHN STAMPER | JUDICIUM I don’t know. [...]
Federer downs Ferrer to race into Finals last four November 8, 2012 WORLD No2 Roger Federer is relishing the chance to win his seventh end of season championships, after yesterday becoming the first player to qualify for the last four of the Barclays ATP World Tour Finals with a straight sets victory over David Ferrer. The 17-time grand slam champion faced 10 break points against the world [...]