Banks and commodities lift FTSE June 28, 2011 The FTSE 100 tracked gains in Asia and on Wall Street this morning as fears of an economic meltdown in Greece were eased with France moving to give the country a reprieve. Banking and commodity sectors saw a lift as new life was breathed into global markets. French President Nicolas Sarkozy said his country’s banks [...]
Diageo leads raft of China trade deals June 27, 2011 DIAGEO is to become the first spirits firm to take control of a Chinese-listed rival, after a £13m deal was approved yesterday. The deal, which was announced during Chinese Premier Wen Jiabao’s visit to Britain, was given the green light by regulators in a sign that the emerging superpower is becoming more open to foreign [...]
FTSE closes up as banks and commodity shares rebound June 27, 2011 BRITAIN’S leading share index ended higher yesterday, supported by a rally from commodity issues and banks as investors awaited news about Greece’s debt crisis, expected over the next few days. Greece’s parliament began to debate measures to increase taxes and cut fiscal spending, approval for which is needed for the European Union and International Monetary [...]
THE TIPSTER June 27, 2011 THOMAS Cook has had a terrible run this year, losing about 38 per cent of its value, to hit lows not seen since November 2008. The Middle Eastern situation, the weak pound, high fuel costs and lack of foreign holiday buying are all to blame. The shares look a brave bet to be buying right [...]
The debt nexus that binds the world June 27, 2011 MASOCHISTS seeking further evidence of the West’s decline will have had a field day this weekend. Most strikingly, China’s premier Wen Jiabao, currently visiting the UK, said his country was ready to buy billions of European debt to prop up the single currency. The Chinese haven’t lost leave of their senses – they can afford [...]
The debt nexus that binds the world June 26, 2011 MASOCHISTS seeking further evidence of the West’s decline will have had a field day this weekend. Most strikingly, China’s premier Wen Jiabao, currently visiting the UK, said his country was ready to buy billions of European debt to prop up the single currency. The Chinese haven’t lost leave of their senses – they can afford [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2011 FINANCIAL TIMES CHINESE PREMIER DECLARES VICTORY OVER INFLATION Chinese premier Wen Jiabao has declared victory over domestic inflation, saying that the government has successfully reined in price pressures. “China has made capping price rises the priority of macro-economic regulation and introduced a host of targeted policies. These have worked,” Mr Wen writes in today’s Financial [...]
FTSE gains after commodity rally and flurry of M&A bids June 21, 2011 BRITAIN’S leading shares pushed higher yesterday, led by rallying commodity stocks and banks as investors awaited a vote of confidence in the Greek Parliament. The vote, due after the London market close, is seen as a key step towards the passage of more spending cuts in exchange for foreign emergency loans. “What equity markets need [...]
THE TIPSTER June 21, 2011 STERLING-yen continues to come under pressure as it hit a low yesterday not seen since the earthquake related slide in mid-March of ¥129.73. Heavy pressure on dollar-yen and a similarly weak cable helped to push it lower. It looks intent on testing the support areas around ¥129.15-¥128.70, so anyone tempted to buy this pair should [...]
HKEx: a global IPO hot-spot June 21, 2011 THE Hong Kong Stock Exchange (HKEx) is Asia’s third largest exchange in terms of market capitalisation, after Tokyo and Shanghai. It was first established in 1891, although informal exchanges were taking place in Hong Kong for some thirty years previous to that date. Nowadays, the exchange has become well-known for attracting big international companies – [...]