BARROW-BOY BROKERS CONSIDER THEIR CHANCES IN SLEEPY ZURICH December 15, 2009 EVER since inter-dealer broker Tullett Prebon revealed on Monday it would allow its staff to relocate to more favourable tax regimes if they wish to avoid the government’s crackdown, the City has been a hotbed of gossip about whether or not the move will indeed spark a much-feared exodus of talent from our shores. Inside [...]
THE TIPSTER December 14, 2009 NEWS that British Airways’ cabin crew has voted in favour of strike action, combined with the state of the airline’s pension scheme has put further downward pressure on the airline’s share price. On a technical level, shares are currently blocked from any further progress by a resistance line in place on the daily chart since [...]
London rises to highest close in 3 weeks on Dubai bailout December 14, 2009 BRITAIN’S top share index closed at its highest level in a week yesterday, led by banks, after Abu Dhabi bailed out Dubai with $10bn in surprise aid, with commodities stocks also notching up solid gains. The FTSE 100 closed up 53.77 points at 5,315.34, its highest close since 4 December, adding to a rise the [...]
CITY A.M. TOASTS A NEW ERA IN ALLIANCE WITH INTERACTIVE INVESTOR December 14, 2009 IT WAS off to the iconic Gherkin building last night for one of the most exciting developments in the history of City A.M. – our newly-announced alliance with online financial services provider Interactive Investor. Guests at the party sipped champagne as they admired the view over the City, chatting about the partnership, under which we [...]
BA in winter of discontent December 14, 2009 BRITISH AIRWAYS (BA) is facing hundreds of thousands of pounds of losses after its cabin crew voted overwhelmingly in favour of a 12-day strike, threatening to paralyse the airline over the peak Christmas and New Year period. A bitter row over jobs, pay and working conditions escalated yesterday, when more than 12,000 BA members of [...]
CITY VIEWS: ARE BRITISH AIRWAYS’ STAFF RIGHT TO STRIKE? December 14, 2009 BOB AYERS | BULLIVANT & PARTNERS “The timing to strike over the Christmas period could not be more cruel. I really can’t understand why the staff have decided to strike bearing in mind BA’s dismal performance. It will damage the company, no doubt, and striking staff are unlikely to achieve much.” STUART PHILLIMORE | ROYAL [...]
BAH, HUMBUG December 14, 2009 Despite reports of strong trading on the high street, a leading stockbroker has predicted that spending on Christmas presents this year is likely to take a significant knock thanks to the muted economic environment. Responses to Execution’s November “spend trend” survey suggest that consumers expect to spend an average of £373 on Christmas presents this [...]
We need characters to save us, insists Carragher December 14, 2009 LIVERPOOL defender Jamie Carragher has issued a rallying call to his team-mates, insisting they need to show character to bounce back from their recent slump in form. The Reds crashed to their sixth league defeat of the season at home to Arsenal on Sunday – a result which sees them languish in seventh spot in [...]
It’s all Gold for Hammers as ex-City duo lodge £50m bid December 14, 2009 FORMER Birmingham City co-owners David Gold and David Sullivan stepped up their expected takeover of struggling West Ham last night by lodging a formal £50m bid. The Hammers are seeking new owners following the bankruptcy of Icelandic chairman Bjorgolfur Gudmundsson, while shirt sponsors, the XL holiday company, also went out of business. Gold, meanwhile, has [...]
Why fizz is good for you December 14, 2009 JOHN Mortimer, the author who created the scuzzy lawyer Rumpole of the Bailey, used to say that champagne was the secret to a long life. Mortimer drank a glass of fizz every morning, before settling down to work on his plays and novels. He lived to a sprightly and active 85, and was publishing books [...]