Stocks set to edge higher after G20 finance pact October 24, 2010 The opening call this morning is for stock markets to trade higher following news at the weekend of an agreement being reached between the G20 finance ministers at their meeting in Seoul, to refrain from the “competitive devaluation” of their currencies. GFT is quoting the FTSE 100 index to open up 20 points from Friday’s [...]
FTSE 100 hits six-month high on US and European results October 21, 2010 Britain’s leading shares surged to a six-month closing high yesterday, led by miners, as UK investors were buoyed by strong earnings in the US and Europe, but TUI Travel fell after reporting accounting errors. Europe’s largest travel firm TUI Travel slumped more than 11 per cent after it revealed its finance chief would quit and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 20, 2010 FINANCIAL TIMES TRICHET OPPOSES DEAL IN EU BUDGET Jean-Claude Trichet, president of the European Central Bank, has refused to endorse the full package of Eurozone sanctions decided by European Union finance ministers this week. The revelation came amid mounting criticism in Germany of a compromise deal that Angela Merkel, the chancellor, agreed with Nicolas Sarkozy, [...]
The past lives on as Agatha Christie’s top hotel reopens October 17, 2010 ONCE you’ve been to Istanbul, Paris, Berlin and even London seem somehow paltry, a bit small-scale and even a touch banal. The enormity and seductiveness of the Bosphorous, especially at sunset, and the mesmeric mixture of ancient history, Ottoman splendour and Islamic architecture beguile every traveller. Its appeal was just as strong for the most [...]
DO-GOODING HEDGE FUND AUTHORS STRIP MEAT OFF MERVYN’S BONES October 14, 2010 FOLLOWING on from The Capitalist’s coverage of the launch of The Gathering Storm – a compilation of essays by hedgies, with all proceeds going to charities chosen by the writers – the book’s august authors gathered yesterday for cucumber sandwiches and wine at the Centre for the Study of Financial Innovation. As the discussion galloped [...]
Classic is best for Caribbean satisfaction October 14, 2010 CARIBBEAN hotspots come and go but Barbados is a sunny stalwart – a developed, cultured playground for the rich and famous (Simon Cowell, Cliff Richard and Andrew Flintoff all have properties here), as well as for more humble folk. Yet despite its stability as a British favourite for homes and holidays in the sun (80 [...]
Strike threat recedes as BA nears union deal October 11, 2010 BRITISH Airways and the union representing its cabin crew are moving closer to a peace deal, with a branch of the union claiming a deal could be reached as early as this week. “We did have talks with BA and conciliation service Acas last Friday, we did make some progress and we hope to reconvene [...]
BA and union edge closer to new peace deal October 11, 2010 BRITISH Airways (BA) and the union representing its cabin crew are moving closer to a peace deal, with a branch of the union claiming a deal could be reached as early as this week. “We did have talks with BA and (conciliation service) Acas last Friday, we did make some progress and we hope to [...]
Savoy Hotel reopens doors after revamp October 10, 2010 LONDON’S most iconic hotel, The Savoy, reopened its doors yesterday after being closed for three years and receiving a £220m refurbishment. In its heyday, the Strand-based Savoy was considered a hot spot by City folk, who flocked to the hotel’s famous Grill to close deals and entertain clients. The hotel was also known for its [...]
Why Gatwick Airport’s new chief has Heathrow lined up in his sights October 10, 2010 SOME people need to have a lot on their plates if they are to thrive – and Stewart Wingate, Gatwick’s newish boss, is clearly one of these. The 39-year-old took up his post last December when the airport was bought by US investment fund Global Infrastructure Partners (GIP) for £1.5bn from Ferrovial-owned airports operator BAA, which [...]