Smart British food brightens Soho October 19, 2009 Hix66-70, Brewer Street, London, W1F 9TRTel: 020 7292 3518 www.hixsoho.co.uk FOOD SERVICE ATMOSPHERE Cost in restaurant per person without wine: £55 IF I had a friend who was sceptical about the claims of British food to be world-class, I might well take him to a Mark Hix restaurant. Hix was formerly the executive head chef [...]
CHOOSE YOUR LETTER, AND FX OUTLOOK October 13, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT READING currency market research these days can be a little like watching Sesame Street. Every scenario assigns a different letter of the alphabet to the shape of the recovery. The direction for the dollar for the next 12 months could be determined by whoever is correct in their alphabet [...]
Changing oil currency wouldn’t hurt the buck October 13, 2009 QUESTIONING the dollar’s status as a global reserve currency has become almost de rigueur in the past few weeks. In fact, it has been an ongoing discussion for some months now. It was discussed at the G20 meeting in Pittsburgh at the end of September and then a news report last week suggested that the [...]
CITY VIEWS: WOULD YOU EXPECT CO-OP BANK TO PROSPER IN THE DOWNTURN? October 12, 2009 CHRIS CLARKE BRITISH LAND FINDERS“It would be interesting to see where the people opening the new accounts are coming from. Are they people who cannot get accounts elsewhere, or is there a north/south divide? I think the man on the street probably sees that the Co-op is doing well and has not had any bad [...]
Punch to cut value of pubs as profits fall October 11, 2009 PUBS group Punch Taverns is expected to slash the value of its estate by more than £600m as it unveils a 40 per cent dive in annual profits on Wednesday. The struggling pub group is heavily weighed down by its portfolio of 8,300 pubs, which have suffered a sharp fall in value during the property [...]
WILL GOLD CONTINUE TO RISE OVER THE COMING MONTHS? October 11, 2009 JULIAN JESSOP CAPITAL ECONOMICSWe would not be surprised to see gold break higher in the coming weeks. However, a mix of unfounded inflation fears, conspiracy theories and speculative demand looks more like the ingredients for a speculative bubble than the grounds for a sustainable increase in prices. Gold looks vulnerable to a roller-coaster ride in [...]
GOLD’S RALLY IS WITHOUT FOUNDATION October 11, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMA bout of profit taking on Friday barely made a dent in gold’s storming rise last week and other commodities were not lagging far behind. Dollar-denominated commodities were underpinned by the creeping feeling that the desirability of the dollar may now be fading. Equally supportive was a rise in inflationary fears, despite [...]
Hopes for earnings see Wall Street rise October 6, 2009 WALL Street stocks rose yesterday amid signs the global economy was recovering and optimism that corporate earnings reports will beat expectations. The economic optimism spurred gains in energy and other commodities, lifting shares of oil and resource companies. Shares of Exxon Mobil rose 1.6 per cent to $68.66 and were among the top gainers on [...]
Bernanke says Fed will share oversight role October 1, 2009 FEDERAL Reserve chairman Ben Bernanke yesterday backed away from a controversial provision of President Obama’s administration reform plan, saying new oversight by the Fed on “systemic risk” should be shared with other regulators. The key lawmaker told a congressional panel that a new council of financial regulators, not just the Fed, should monitor big-picture risks [...]
The US is down, but it is far from out September 30, 2009 THERE is nothing better for the soul than a visit to New York. London is the greatest City on earth; but the Big Apple comes a close second. America has suffered even more badly than Britain from the crisis: a greater number of homes have been repossessed, millions have lost their jobs and vast wealth [...]