Game on at the Jugged Hare September 10, 2012 THE JUGGED HARE 49 Chiswell Street, EC1Y 4SA Tel: 020 7614 0134 FOOD *** SERVICE **** ATMOSPHERE ***** Cost per person without wine: £40 You shouldn’t review restaurants when you have a cold. You shouldn’t go to them at all. As anyone who remembers primary-level biology will tell you, 70 per cent of things you [...]
Analysts expect third round of QE at this week’s Fed meeting September 9, 2012 THE FEDERAL Reserve will engage in its third round of quantitative easing at their next meeting this week, analysts believe, based on the worse-than-expected job data that came out last week. Headline payrolls rose only 96,000, whereas the consensus forecast was that 130,000 would be created – and the 0.2 per cent fall in the [...]
Let’s not pretend there’s real strength in the US economy September 9, 2012 IT has become a favourite refrain of strategists: describing America as “the best house on a bad block”. Given Europe’s deepening recession and slowing across once red-hot Australasia, one can see why. The US economy has been chugging along at a growth pace of around 2.2 per cent; the S&P 500 has doubled since its [...]
A nice rally while it lasted: Wall St analysts call the top of the market September 9, 2012 AT the start of the historically weakest month for equities there are plenty of reasons to believe stocks may be just about reaching a top – at least in the short term. The S&P 500 has surged 14 per cent this year and is at its highest level in more than four years. Not counting [...]
Bernanke not richest on board September 6, 2012 Federal Reserve chairman Ben Bernanke may be wealthy according to the standards of most Americans, but the assets he held last year were valued well below those of some of his colleagues on the US central bank’s board. Bernanke’s assets were listed as being worth between $1.07m ( £672,000) and $2.28m, unchanged from the year [...]
Don’t blame developers: Britain’s planning system pushes up prices September 6, 2012 DURING recent planning rows, opponents of reform have argued that our lack of new homes was nothing to do with our 1940s planning system, but a case of greedy developers sitting on land with planning permission. Yesterday, the Local Government Association argued that the problem is big developers sitting on “land banks”. But big developers [...]
FedEx outlook stokes bearish US sentiment September 5, 2012 US stocks closed out a second straight session of thin trading yesterday, with investors reluctant to make big bets ahead of a crucial meeting of the European Central Bank, which could announce new policies to help contain the Eurozone’s debt crisis. Media reports that European policymakers would unveil a bond-buying plan to bring down crippling [...]
FedEx slashes profit forecast September 4, 2012 PACKAGE delivery giant FedEx last night cut its profit outlook for the current quarter, saying weakness in the global economy was hurting demand for overnight international shipments more than anticipated. The warning, which followed a similar move from rival UPS in July, sent the firm’s US-listed shares down 3.5 per cent in after-hours trading.
US markets await action in Eurozone September 4, 2012 THE S&P 500 and the Dow Jones industrial average closed slightly lower yesterday as investors continued to await clarity on European Central Bank plans to shore up heavily indebted countries, but the market ended off its lows on a rally in Apple shares. The Dow Jones was down 54.90 points, or 0.42 per cent, at [...]
Banks slash juniors’ pay September 3, 2012 INVESTMENT bankers’ pay tumbled further this year, with junior staff’s bonuses plunging on poor market conditions, a lack of competition in the sector and sustained pressure to avoid public outrage. Average bonuses fell 25 per cent on the year for analysts in the investment banks’ merger and acquisitions (M&A) units, following a fall of 10 [...]