Strength in energy issues is offset by weakness in miners January 11, 2010 BRITAIN’S leading share index ended flat yesterday with strength in energy issues countering a sell-off in miners, weak financial issues and uncertain progress on Wall Street. At the close, the FTSE 100 index was up 3.83 points, or 0.1 per cent, at 5,538.07, having touched a 16-month intraday peak of 5,600.48 early in the session. [...]
Bolland to start crunch talks January 10, 2010 MARC Bolland will jet back early from holiday to have crunch talks with Wm Morrison about his departure date. Soon-to-be new employer Marks & Spencer wants him to start as chief executive as soon as possible but under the terms of his contract the Dutchman still has nine months notice to work. Morrison’s is believed [...]
Labour can’t even organise a proper plot January 7, 2010 HOW incompetent can you be? If the Labour Party had any sense, it would remove Gordon Brown as soon as possible; all the polls show that Labour would gain at least some ground with any half-decent alternative leader. A change at this late stage is what the Tories dread the most. Instead, we had the [...]
Labour can’t even organise a proper plot January 6, 2010 HOW incompetent can you be? If the Labour Party had any sense, it would remove Gordon Brown as soon as possible; all the polls show that Labour would gain at least some ground with any half-decent alternative leader. A change at this late stage is what the Tories dread the most. Instead, we had the [...]
RFU chief Andrew hits back at Saracens’ Venter January 4, 2010 ELITE rugby chief Rob Andrew has leapt to the defence of Premiership referees after Saracens boss Brendan Venter’s criticism of current standards of officiating. The South African could be charged for bringing the game into disrepute following comments made about the referee after Saracens’ 22-15 defeat to Leicester on Saturday. Venter was unhappy with David [...]
RISING YIELDS TO UPSET THE RECOVERY December 14, 2009 DAVID MORRISON CFD MARKET STRATEGIST, GFT JUST over a week ago we had a non-farm payroll number which blew away all analysts’ expectations. The reaction in the financial markets was sharp, with the dollar, bond yields and equities all shooting higher. While this was a rational response to good numbers, it wasn’t the reaction we [...]
US JOBS DATA STRENGTHENS HAWKS’ CASE December 7, 2009 DAVID MORRISONCFD MARKET STRATEGIST, GFT FRIDAY’S non-farm payroll report was, on the face of it, a really positive piece of news to take us up to the end of the year. Although 11,000 jobs were lost in November, this was the lowest number of losses for two years. On top of that, there were hefty [...]
BEST OF THE BROKERS December 6, 2009 WM MORRISONGalvan Research says that plenty of time has now elapsed at Wm Morrison to allow the shares to absorb any doubts over a possible like-for-like sales slowdown, and the surprise departure of Marc Bolland. It says the stock is holding up well within striking distance of year highs, and there is every likelihood the [...]
THE TIPSTER TESCO COMES UNDER SELLING PRESSURE December 6, 2009 THERE’S no doubting supermarket Tesco’s market dominance nor its ability to make billions of pounds worth of profit. But its share prices has come in for a little profit taking ahead of its third quarter sales, which are due tomorrow. From a technical point of a view, the chart suggests that a head and shoulders [...]
NIKKEI INDEX STRUGGLING TO ADVANCE November 30, 2009 DAVID MORRISONCFD MARKET STRATEGIST, GFT WHILE US stock indices look relatively buoyant, there are a number of major global markets that are currently struggling to make further headway. In Europe, the French CAC 40, Spanish Ibex and German Dax are trading in tight ranges and failing to break above resistance at significant retracement levels. Meanwhile, [...]