Mining and energy stocks drag the FTSE lower for the fourth day in a row January 25, 2010 BRITAIN’S top share index closed lower yesterday for a fourth straight session, dragged down by miners and energy stocks on continued market unease over the uncertain demand outlook. The FTSE 100 closed down 0.8 per cent, or 42.68 points at 5,260.31, having ended 0.6 per cent lower on Friday, pressured by financial issues following President [...]
FTSE hits a one-month low as financial stocks plummet January 21, 2010 ASHARP retreat in miners on sinking metal prices and worry about a tax from Australia and weakness in banks on fears about US curbs pushed Britain’s top share index 1.6 per cent lower by the close on Thursday. The FTSE 100 index ended 85.70 points lower at 5,335.10, its lowest since 22 December. The index [...]
Ad revenues help Google to buck slump January 21, 2010 Google yesterday said its revenues had increased by 17 per cent between October and 1 December, showing the internet search giant is weathering the advertising recession. “Given that the global economy is still in the early days of recovery, this was an extraordinary end to the year,” said Google chief executive Eric Schmidt. But shares [...]
Powerhouse China slams on the brakes January 21, 2010 BLISTERING growth in the fourth quarter saw China easily beat its 2009 growth target, putting it on course to overtake Japan to become the world’s second largest economy. GDP surged an annualised 10.7 per cent between October and December, compared with a year earlier. This fell slightly short of market forecasts of 10.9 per cent, [...]
Dow suffers worst 2010 trading drop January 20, 2010 THE Dow suffered its worst drop of 2010 yesterday day as US stocks succumbed to fears that China’s curbs on bank lending might jeopardize the global economic recovery, while IBM’s outlook sparked caution about the technology sector. Chinese authorities have ordered some major banks to curb their lending over the rest of this month after [...]
Flat sales dog SAB Miller as volumes wane January 19, 2010 Brewing giant SABMiller yesterday reported flat underlying beer volumes for the third quarter as subdued consumer spending continued to take the fizz out of its sales. Shares in the London-listed company ended the day more than two per cent down on the news that volumes for the three months to the end of December were [...]
Greece woes spoil continental party January 18, 2010 EUROPEAN shares rose in early trade yesterday, recovering some of Friday’s losses, with miners gaining on higher metals prices. In morning trading, the FTSEurofirst 300 index was up 0.6 per cent at 1,058.15 points. Miners were among early gainers, as copper rose on hope that strong Chinese demand could cut inventories. Precious metals were also [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 18, 2010 FINANCIAL TIMES BUYOUTS AT 25-YEAR LOW DUE TO LACK OF CREDIT The number of private equity deals in the UK hit a 25-year low last year, as the credit crisis cut off the supply of cheap debt and dissuaded business owners from selling out. There were 117 private equity deals in 2009, fewer than half [...]
Google probes security breach January 18, 2010 GOOGLE is investigating whether a cyber attack on the US firm was an “inside job” by its Chinese workers. Google, the world’s most popular search engine, said last week it may pull out of the world’s biggest internet market after reporting it had been hit by a “sophisticated” cyber-attack on its network that resulted in [...]
JAL files for bankruptcy and begins to restructure January 18, 2010 ASIA’S largest airline by revenues, Japan Airlines, is expected to file for bankruptcy this week as part of a restructuring crafted by a state-backed turnaround fund. Some analysts think a bankruptcy filing would make it easy for Japan Airlines to abandon its deal with AMR, the holding company for American Airlines, in favour of membership [...]