ECONOMIST VIEWS:?WILL THE MPC EXPAND QUANTITATIVE EASING? November 4, 2010 PHILIP SHAW | INVESTEC The MPC is nervous about high inflation and recent brighter news on the economy would likely have to swing sharply into reverse to prompt the committee to restart QE. ANDREW GOODWIN | ERNST & YOUNG ITEM CLUB Further QE is only likely if there are more tangible signs that the recovery [...]
Unilever sees sales rise despite tough market conditions November 4, 2010 UNILEVER saw its underlying sales rise by 3.6 per cent in the third quarter – but warned it could raise prices because of rising commodity costs. The Anglo-Dutch consumer giant, whose products include Knorr Soups and Dove soap, was upbeat about the company’s prospects despite consumers tightening their belts. After the announcement yesterday shares in [...]
THE TIPSTER November 3, 2010 RETAILERS took a tumble yesterday on the back of disappointing news from Next. With concerns that the UK economy may be stagnating, it could be a tough fight for the sector as we run towards the year’s end. Assuming credit remains catatonic, then there’s a good chance that we’ll see a limited seasonal uplift too. [...]
Youngs aiming to take Flood partnership to next level November 1, 2010 Leicester scrum-half wants to recreate club dynamic against New Zealand ENGLAND scrum-half Ben Youngs is hoping manager Martin Johnson puts his faith in an all-Leicester half-back combination to get the autumn campaign off to a perfect start against New Zealand. Youngs and Tigers fly-half Toby Flood have forged a potent partnership at club level, striking [...]
CITY MOVES | WHO’S SWITCHING JOBS November 1, 2010 RBC Capital Markets The corporate and investment bank has hired Mark Sartori as head of European trading and sales trading, and Calum MacInnes as head of European sales. Sartori, pictured, was most recently at Macquarie Securities, where he was head of financial institutions. He has also worked at Fox-Pitt Kelton, Cazenove and Credit Suisse. MacInnes [...]
Cecil’s Editor to storm into the Investec Derby Picture October 28, 2010 THERE is just over a week to go until the end of the flat season and Henry Cecil can end a memorable campaign by landing the Zetland Stakes with the highly promising PICTURE EDITOR. The immaculately bred son of Dansili landed a red hot Doncaster maiden on his debut and has since won a heavy [...]
England captain Moody: Injured eye may never fully recover October 27, 2010 ENGLAND captain Lewis Moody admits he may never see properly again, following the eye socket injury that has jeopardised his involvement in next week’s first autumn international against New Zealand. Moody was temporarily blinded in one eye after suffering the gruesome damage playing for Bath against Gloucester earlier this month. He has not played since [...]
William Hill tops forecasts thanks to World Cup October 21, 2010 Bookmaker William Hill said it expected to report operating profit at the top-end of analysts’ expectations after a strong third-quarter helped by favourable football results and the later stages of the World Cup. The company, which has a high-street and an online presence, said net revenue grew 22 per cent, with Internet revenue up 35 [...]
There was no other choice – now George Osborne must hold his nerve October 20, 2010 IT was a timely reminder that action is desperately required to tackle Britain’s out of control budget deficit. At 9:30 yesterday morning, a full three hours before George Osborne got up to deliver his spending review to the House of Commons, the latest monthly budget deficit figures popped up on traders’ screens across the City. [...]
Uniq’s unique escape trick October 20, 2010 Convenience food maker Uniq has devised a unique way of resolving its crippling pension deficit – by effectively selling itself to its pension trustees. The firm, which supplies sandwiches to Marks & Spencer, is waiting on regulatory clearance to finalise a deficit for equity swap that will sign over 90 per cent of the firm [...]