Weak investor sentiment holds back FTSE 100 November 14, 2012 Worries over the US economy and Greece’s unresolved debt crisis dragged down the leading share index in early trading this morning. On the FTSE All-Share, broker Icap led the fallers, tumbling 6.32 per cent as it reported a 26 per cent drop in profits. Electricals retailer Darty fell 5.46 per cent in early deals, as [...]
Inflation flies further away from 2pc target November 13, 2012 CONSUMER price inflation rocketed higher in October, due to tuition fee hikes and booming food prices, data revealed yesterday. The jump defied Bank of England expectations that inflation would fall towards its two per cent target. This jump might have been a factor in the Bank’s decision to hold fire on more quantitative easing (QE) [...]
Punters back Tucker in race to be governor November 13, 2012 THE BANK of England’s deputy governor Paul Tucker is now widely expected to take the top job next year, after Sir Mervyn King steps down. Chancellor George Osborne will announce the next head of the Bank of England in his Autumn Statement on 5 December. The winning candidate will take on a role far more [...]
Weak miners and Vodafone weigh on FTSE 100 November 13, 2012 The leading blue chip index was trading down this morning, dragged down by headline mining shares and Vodafone. On the FTSE All-Share, Finnish miner Talvivaara sank 8.72 per cent, as its nickel mine remained shut by a waste water leakage. Electronic card payment provider De La Rue dropped 7.14 per cent as it issued a [...]
Masterful Djokovic ends Federer’s London reign November 12, 2012 WORLD No1 Novak Djokovic brought the curtain down on another vintage year last night by beating Roger Federer 7-6 (8-6), 7-5 in an enthralling encounter to win the Barclays ATP World Tour Finals at the O2 Arena. Djokovic had lost their last two matches but came back from a break down in each set to [...]
Murray: I doubted I could win a grand slam until US Open November 12, 2012 BRITAIN’S Andy Murray admits he doubted whether he would ever win a grand slam, before winning the US Open in September. Murray’s bid to win the Barclays ATP World Tour Finals ended with defeat to Roger Federer in the final four on Sunday, but the Olympic men’s singles champion is convinced that his breakthrough year [...]
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 [...]