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  • Market report: FTSE drops after Moody’s downgrade banks

    June 22, 2012

    The FTSE was down this morning following poor global growth forecasts and the decision by credit ratings agency Moody’s to downgrade some of the world’s biggest banks. Last night Moody’s lowered the credit ratings of 15 of the world’s biggest lenders to reflect the risk of losses they face from volatile capital markets. But the [...]

  • Trust The Fugue to bounce back from unlucky Oaks defeat

    June 20, 2012

    THIS year’s Investec Oaks turned out to be a messy race and the unluckiest filly in the field was undoubtedly John Gosden’s THE FUGUE. William Buick’s mount was almost brought down on the back straight, but finished with such a rattle that she would surely have won had she not met with that interference. I [...]

  • Jubilee gives grocers £200m turnover boost

    June 19, 2012

    BRITAIN’S grocery market grew 3.2 per cent in the 12 weeks to 10 June, boosted by an 11.3 per cent leap in the run-up to the Queen Elizabeth Diamond Jubilee celebrations, industry data revealed yesterday. Market researcher Kantar WorldPanel said supermarkets took an extra £213m in the tills in the week ending 3 June. “The [...]

  • Straits lead the way in cancer gig

    June 14, 2012

    FORMER members of Dire Straits are opening a charity concert in support of the Sarah Greene Breakthrough Tribute at the O2 Empire at Shepherd’s Bush next Thursday. Three of the seven band members have played, recorded or worked with many artists such as Eric Clapton, Bob Dylan, Cher, James Morrison and Enrique Iglesias. The band [...]

  • Supermarkets cut fuel prices as battle at the pumps intensifies

    June 11, 2012

    SAINSBURY’S and Asda yesterday fired the latest salvo in a fuel price war among supermarket giants. A fall in global oil prices has triggered the price drops, which have seen the big four supermarkets – Tesco, Asda, Sainsbury’s and Morrisons – fight it out to offer the best deal. Asda said that from today it [...]

  • Pain in Spain will continue to reign

    June 11, 2012

    AFTER opening to a flurry of optimism – following this weekend’s agreement to bail out Spanish banks – stock markets had sunk back down by the end of yesterday. It’s business as usual for Europe, and business is usually pretty bad right now. “Friday’s late price action on the Ibex 35 was indicative – traders [...]

  • LONDON REPORT

    June 10, 2012

    THE week starts with a quarterly trading statement from grocer Tesco, which is expected to report a fall in earnings because of tough economic conditions and fierce competition. Tomorrow will see the release of the UK’s latest industrial production and manufacturing data, plus a speech from Paul Tucker, deputy governor of the Bank of England. [...]

  • The Fugue set to grab centre stage for Lloyd-Webber in today’s Investec Oaks

    May 31, 2012

    Fourteen fillies have been declared for this afternoon’s Investec Oaks, the highlight of Investec Ladies’ Day, and Aidan O’Brien saddles an astonishing six of them. Admittedly, the master of Ballydoyle has issued a word of warning about Kissed’s participation if the ground is not suitable, but even five fillies makes for a monster team. O’Brien [...]

  • WHAT THE OTHER PAPERS SAY THIS MORNING

    May 30, 2012

    FINANCIAL TIMES Transparency on banks’ treasury units urged International banks must improve disclosure of often obscure treasury unit investments following the recent $2bn trading loss at JPMorgan’s chief investment office, rating agencies and bank analysts have urged. Malaysia fund nears £375m Battersea deal A Malaysian pension fund is poised to seal a £375m deal to [...]

  • FTSE lurches towards worst month since August

    May 30, 2012

    The FTSE 100 dipped this morning as the Eurozone’s debt woes continued to cast a shadow and hopes that China would trigger further fiscal stimulus were dealt a blow. Investors are awaiting the European Commission’s economic strategy on how austerity measures can be introduced without quashing the growth required for recovery. Concerns about Spain’s ability [...]

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