WHAT THE OTHER PAPERS SAY THIS MORNING January 3, 2012 FINANCIAL TIMES MINISTER ATTACKS GREEN LOBBY The climate change minister has rounded on the “environmental Taliban” of green campaigners, insisting they are wrong to accuse the government of abandoning its commitment to a low carbon agenda. Greg Barker said: “There is nothing environmental about exporting manufacturing jobs abroad.” Barker has led the contentious efforts to [...]
Digital services company Yells for help January 3, 2012 YELL, the online services directory, has appointed a new chief strategy and business development officer after a turbulent few years packed with debt and digital competition. Matt Anderson, the first to fill this new global role, will guide the struggling company in its continuing transformation from Yellow Pages distributor to a leader in the emerging [...]
Manufacturing data sparks FTSE’s racing start to 2012 January 3, 2012 BRITAIN’S top shares powered ahead at the start of the new trading year yesterday as upbeat economic data from the United States, Europe and China boosted risk appetite and helped investors set aside fears over the Eurozone debt crisis. The pace of growth in the US manufacturing sector accelerated in December, its best month since [...]
Commodities fuel FTSE gains January 3, 2012 The FTSE 100 was off to a positive start this morning led upwards by commodity stocks which were boosted by strong data from China. Asian markets were given a lift as the official Chinese purchasing managers’ index indicated a rise in factory activity in December and London followed suit. Industrial metals such as copper rose [...]
Asian stocks rise fuelled by positive China data January 3, 2012 Asian stocks rose as the first trading day of 2012 in most markets brought renewed appetite for riskier assets, while US crude jumped more than 1.5 per cent to above $100 a barrel on escalating tensions between Iran and the West. Stronger-than-expected manufacturing data from China boosted sentiment in Asia, but Europe’s drawn-out debt crisis [...]
Copper prices rise on China demand January 3, 2012 London copper rose today as an expansion in China’s manufacturing boosted hopes that demand for industrial metals will increase, but investors remained cautious as Europe’s debt crisis persists. The metal posted its first annual decline in three years in 2011 when it lost a fifth of its value on fears related to the euro zone [...]
FSA gets tough with £66m in fines last year January 2, 2012 THE FINANCIAL Services Authority (FSA) imposed over £66m in fines last year, including a retail fine for a whopping £10.5m imposed on HSBC for mis-selling investment bonds to elderly customers. The watchdog also showed its muscle by ordering large financial groups to pay more than £160m in compensation to customers – a huge rise from [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 22, 2011 FINANCIAL TIMES CALLS FOR QE TO STAVE OFF EURO DEFLATION A top European Central Bank policymaker has called for “quantitative easing” to be used to boost the eurozone economy if deflation risks emerge across the region. The comments by Lorenzo Bini Smaghi, ECB executive board member, are the strongest indication yet that the central bank [...]
FTSE given lift by airline deal December 22, 2011 The FTSE 100 nudged up this morning led by BA owner International Airlines group (IAG) which announced a deal for Lufthansa’s bmi. Overall European shares started higher with the FTSEurofirst 300 index gaining around one per cent in early trade while global stocks, as measured by MSCI world equity index, were edged up 0.2 per [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 21, 2011 FINANCIAL TIMES EX-LEHMAN CHIEF TO RUN SPAIN’S ECONOMY Spain’s new government has placed the economy in the hands of Luis de Guindos, former head of Lehman Brothers in Spain, as Mariano Rajoy, the prime minister, seeks to return the country to growth while embarking on a programme of budgetary austerity. As finance minister, Mr de [...]