IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
Dutch finances remain healthy after fiscal row April 24, 2012 THE NETHERLANDS saw borrowing costs hold steady at a bond auction yesterday, despite the fall of its government on Monday, but the Italian government again saw yields rise on its debt. The Dutch government sold €1.995bn (£1.63bn) in two- and 25-year bonds, with yields of 0.523 per cent and 2.78 per cent respectively, both almost [...]
FTSE in modest rise as investors eye Fed April 24, 2012 The FTSE 100 saw a modest rally this morning led by banking and commodity stocks as investors looked for signs that the Federal Reserve will inject more liquidity into markets. London’s blue chip index was dented yesterday by uncertainty over who will be the next president of France, the collapse of the Dutch government and [...]
Strong pound could threaten UK’s recovery April 23, 2012 THE POUND hit a 20-month high against the euro yesterday as nervous investors fled political uncertainty to put cash in the UK. The euro fell 0.6 per cent in the day against the pound to 89.49p, its lowest since August 2010. Expectations that quantitative easing is coming to an end has also helped push up [...]
advisers vodafone and Cable & Wireless worldwide April 23, 2012 UBS Vodafone has put its long-standing team at UBS, headed by global co-head of investment banking Simon Warshaw, on the case to guide it through its acquisition of CWW. Oxford-educated Warshaw joined the Swiss bank in 1986 and has under his belt the former positions of head of EMEA investment banking, joint head of UK [...]
FTSE slumps as fresh fears over the Eurozone return to global markets April 23, 2012 BRITAIN’S top shares surrendered almost all of last week’s gains yesterday, led lower by commodity stocks and banks, as political uncertainty and disappointing economic data revived investor concerns over the Eurozone debt situation. The mood was darkened by data showing the Eurozone’s business slump deepened at a far faster pace than expected in April, suggesting [...]
Trading up in a sideways market April 23, 2012 WHEN it comes to the markets, most traders are agnostic about which way the market is moving, whether up or down, just as long as it is moving in a direction. Following the trend is one of the basics of spread betting. But markets move in a non-trending or sideways direction more often than they [...]
FTSE hit by Eurozone jitters April 23, 2012 The FTSE 100 slipped this morning as investors reacted badly to uncertainty in France as Nicolas Sarkozy lost the first round of the country’s presidential election. Sarkozy was narrowly beaten by socialist Francois Hollande who has said that he favours spending to boost growth rather than austerity. Meanwhile Spain’s economy probably contracted 0.4 per cent [...]
Friends defend director at heart of Barclays pay row April 22, 2012 FRIENDS of the senior Barclays director responsible for pay awards were last night suggesting that she is being unfairly singled out for the row that has engulfed the bank. The re-appointment of Alison Carnwath as head of the bank’s remuneration committee is likely to be rejected by up to 15 per cent of shareholders, with [...]
LONDON REPORT April 22, 2012 UK investors are set for a busy week with a slew of earnings both here and on Wall Street, the release of Britain’s quarterly GDP rate and a decision from the Fed on the US Bank rate. Both the Nationwide Housing Prices report and Nationwide Consumer Confidence report are due out this week and today’s [...]
FTSE shored up by banks April 20, 2012 The FTSE 100 was broadly flat this morning as investors turned their attention to an IMF meeting later today and French Presidential elections at the weekend. IMF leaders gathering in Washington want a big boost in funding to handle the Eurozone dent but Brazil has called for more power in the organisation for emerging nations. [...]