US investors buy defensive sectors’ stock January 29, 2013 US stocks advanced yesterday, led by defensive sectors, in a sign the cash piles recently moving into the market are being put to use by cautious investors to pick up more gains. S&P 500 is on track to post its best monthly performance since October 2011 and its best January since 1997 as investors poured [...]
The sporty but sensible Mazda 6 January 29, 2013 With the price of fuel about to go up again, it’s no surprise so many of us now consider fuel economy one of the most important considerations when buying a new car. It’s the latest front to open up in the battle to attract car buyers and Mazda has made a massive effort to ensure [...]
What the other papers say this morning January 20, 2013 FINANCIAL TIMES AllianzGI to launch UK building fund Allianz Global Investors is to launch a pioneering infrastructure debt fund in the UK – the first of its kind – to help build schools, hospitals and roads in a landmark initiative designed to create jobs and stimulate the faltering economy. Tax crackdown to target middle class [...]
Business split over Britain’s future in the EU January 20, 2013 THE LEADER of the British Chambers of Commerce yesterday warned City A.M. that multinational companies may not have Britain’s national interest at heart when discussing the UK’s future relationship with the EU. “For business leaders involved in multinationals the British interest may be secondary, as Britain is a gateway for accessing the common market,” John [...]
UK car exports hit record high January 17, 2013 THE UK exported more cars than ever before in 2012, figures revealed yesterday, providing a much-needed boost for the country’s manufacturing sector. British factories made 1.46m cars last year, a rise of nine per cent and the highest number since 2007 – and experts predict further growth in the years ahead, Of these, 1.21m were sold [...]
Volvo details dramatic cost cuts in bid to be profitable by 2014 January 17, 2013 SWEDISH car maker Volvo, owned by Chinese group Geely, detailed dramatic cost cuts yesterday as part of its bid to become profitable again within the next two years. Chief executive Hakan Samuelsson, said the firm would need to slash costs by over 1bn Swedish kronor (£95.6m) to enable it to break even. Earlier this month, [...]
The greatest show on earth January 16, 2013 The biggest, loudest, wackiest technology showcase in the world, the Consumer Electronics Show (CES), came to a close in Las Vegas this week, leaving geeks drooling over the gadgets we can expect to see over the next 12 months. The six-day event saw an estimated 20,000 new products from the over-3,000 exhibitors. This year’s event [...]
What the other papers say this morning January 15, 2013 FINANCIAL TIMES Spain asks Germany to boost growth Mariano Rajoy has called on Germany and other creditor countries in the Eurozone to do more to stimulate growth, arguing that a switch to a more expansionary policy would boost economic recovery across the single currency area. “I think that in this moment, when there is a [...]
Orcel heralds Novelli as he returns to UBS January 14, 2013 ANDREA Orcel, the newly appointed head of investment banking at UBS, has made his first significant hire, bringing deal-maker Piero Novelli back to the bank. Novelli, whose past clients include Gas Natural Fenosa, Repsol, Enel, Renault, ABB, Siemens, GM, Ford, Cisco and HP, left the Japanese bank Nomura at the end of last year by [...]
Why Tesco’s cracking results took the Christmas crown January 10, 2013 HOW to find a clear winner in the Christmas battle of the supermarkets? Not from the headline figures, it seems, after straightforward data releases from Sainsbury and Tesco descended into a furore over the small print. Tesco reported like-for-like sales growth of 1.8 per cent over Christmas. Sainsbury reported like-for-like growth of 0.9 per cent. [...]