HOW TO LAUNCH YOUR BUSINESS ACROSS EUROPE July 3, 2011 WE LIVE in an age where every business that operates in the digital space has the potential to make an instant global impact. Just look at Tweetdeck – a London startup that was snapped up by Twitter last month for $40m, just three years after launching. Many other digital businesses in the UK are looking [...]
TRAVEL NOTES July 3, 2011 …AND THE REAL, AFRICAN VERSION For those fancying a taste of the real safari life on the African plains, Sanctuary Zebra Plains is a new luxury walking safari camp in Zambia’s South Luangwa region. Rather than heading out in a jeep to snap animals from a distance, you set out on foot with Garth Hovell, [...]
China factory growth hits 28-month low July 1, 2011 China’s factory sector grew at its slowest pace in 28 months in June as new orders expanded less quickly, with weaker global demand and tight monetary policy at home pinching production. Although the moderation in activity did not point to a sharp drop-off in Chinese economic growth for now, the data was slightly worse than [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 29, 2011 FINANCIAL TIMES BRITISH LAND TO BUY RESIDENTIAL COMPLEX IN THE CITY British Land is in advanced talks to buy a City of London residential complex, in its first acquisition under a strategy to focus on the booming market for prime homes in the capital. The UK’s second-largest property company has agreed to buy Wardrobe Court [...]
Asia provides top prospects for emerging market gains June 29, 2011 HAVING successfully run Baring’s Global Emerging Markets fund for five years, James Syme (below left) and Paul Wimborne (below right) are moving over to JO Hambro Capital Management (JOHCM) to start the Global Emerging Market Opportunities fund. It is being launched today and will be run on the premise that “top-down developments, normally at the [...]
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 [...]