Time to banish all your Black Monday blues October 14, 2012 AS this week marks the anniversary of Black Monday, the tempestuous stock market crash of 19 October 1987, The Capitalist took a metaphorical stroll down memory lane with some of those who rode out the storm. It seems that for those who lived through what is often considered the worst stock market crash in living [...]
Terry fined and banned for racial abuse September 27, 2012 THE Football Association last night banned Chelsea captain John Terry for a total of four games and fined him £220,000 after finding him guilty of racially abusing QPR’s Anton Ferdinand. It was over a four-day disciplinary hearing that the FA came to their conclusion despite a summer case at Westminster Magistrates’ Court clearing Terry of [...]
Spain’s reform plans help ease Wall St’s pain September 27, 2012 THE S&P 500 snapped a five-day string of declines in a broad-based rally yesterday, as Spain’s plans for economic reform eased some worries about one of the Eurozone’s most troubled countries. The benchmark S&P 500 rose one per cent, its biggest percentage gain since the Federal Reserve announced its plan for a third round of [...]
BlackBerry outage hampers RIM’s bid to bounce back September 25, 2012 IF Research in Motion could have chosen a day to have a second BlackBerry outage in less than a year then last Friday, when Apple’s record-breaking iPhone 5 hit the shelves in the UK, would probably not have been first choice. Yet that is what transpired. Last year RIM suffered an outage that went on [...]
Xstrata close to investor deal for its merger September 23, 2012 XSTRATA hopes to thrash out the final terms of its merger with Glencore this week, using its extension from the Takeover Panel to address concerns from agitated investors. Some shareholders in the mining giant are unhappy with retention packages for directors at the firm, which have already been watered down. BlackRock and Legal & General [...]
Russian planned for BP board September 23, 2012 British oil giant BP, which wants to buy a stake in Russian state-controlled rival Rosneft, plans to appoint a prominent Russian to its board of directors as part of a new commercial alliance with the Kremlin, it was reported yesterday. Bob Dudley, BP’s chief executive, discussed the plan with Vladimir Putin last week at a [...]
RIM battles for reputation after European outage rocks shares September 23, 2012 BLACKBERRY maker Research in Motion (RIM) is under pressure to restore its reputation after users across Europe faced a three-hour outage last Friday. Its shares closed down over six per cent last week, close to their lowest level in nine years, as the firm prepared to release its latest quarterly results this week. RIM’s chief [...]
FTSE 100 slips after touching highs last week September 17, 2012 The main share index opened down this morning, as it retreated after touching six-month highs on Friday thanks to the US Federal Reserve’s annoucement of unlimited stimulus. Miners led the index down, as slowing growth in China forced base metal prices lower. Ophir Energy lost 4.06 per cent in early trading, despite it announcing better-than-expected [...]
Glencore confident its £34bn bid can win over Xstrata shareholders September 9, 2012 SENIOR figures at Glencore, the international trading house, were growing increasingly confident last night they could win the backing of a majority of Xstrata shareholders for their new £34bn takeover plans despite the opposition of a couple of vocal institutional holders. Detailed proposals for the takeover are expected to be revealed to the market as [...]
Cowes can fill Olympics void August 12, 2012 2012 has delivered a fantastic ‘Best of British’ atmosphere over the last few months. The Queen’s Jubilee and the London Olympic Games have started the patriotic waves, and they are set to continue at Aberdeen Asset Management Cowes Week, and this time the waves are being created in The Solent. Cowes Week is as much [...]