The winners and losers from Iran nuclear deal November 25, 2013 While oil prices may decline and safe havens could lose favour, not everything hinges on diplomacy The Iranian nuclear agreement, struck in the early hours of Sunday morning, has been hailed as historic – laying the foundations for a more comprehensive deal in the next year. And markets have bought in to this optimism. Brent [...]
Nuclear deal brings Iran in from the cold November 25, 2013 OIL PRICES fell sharply overnight after Iran agreed to give up some of its nuclear ambitions and key world powers pledged to suspend certain sanctions. Brent crude oil shed $2.29 to $108.69 (£66.94) a barrel, its biggest daily drop in a month, while US oil dived $1.09 to $93.75 a barrel after the deal, which [...]
Why low cost carriers and hub buster planes make Gatwick the UK’s future November 24, 2013 NEXT month, we effectively reach the halfway point in the debate about what extra aviation capacity the UK needs, and where it should happen. The Airports Commission, led by Sir Howard Davies, will set out its shortlist. This is an issue the UK has grappled with since the end of the Second World War, and the [...]
Ukraine vote on jailed leader slams brakes on EU trade deal November 21, 2013 A PROSPECTIVE trade deal between Ukraine and the European Union was quickly scratched yesterday, following a vote over the jailing of opposition leader Yulia Tymoshenko. The Ukrainian parliament voted down a bill that would have released Tymoshenko to leave Ukraine, a prerequisite for the agreement with the EU. The move came only hours after Russian [...]
Raven Russia says it’s nearly full November 18, 2013 Booming demand for warehouse space in Moscow and St Petersburg has helped Raven Russia post strong results in the third quarter of the year. The London-listed firm that supplies warehouse space for big blue-chip companies in Russia said over 97 per cent of its 1.4m square metre portfolio is let thanks to a squeeze in [...]
Orders at Kentz surpass £1bn to keep construction firm on track November 18, 2013 FTSE 250-listed construction firm Kentz yesterday said it is trading in line with expectations and reiterated its guidance of double-digit earnings growth this year. The company – which rejected two takeover approaches this summer, including one from larger peer Amec – reported an order intake of $1.8bn (£1.1bn) for the first ten months of the [...]
Tinkoff looking for calm after Friday sell-off November 18, 2013 MOVES by a Russian MP to clarify changes in the country’s consumer lending laws are expected to soothe investors’ fears about London listed TCS Group, after its shares halved in trading. Shares in the Russian firm, which were floated at $17 by Morgan Stanley, Goldman Sachs and Sberbank last month, fell as low as $8 [...]
Thai visitors among the UK’s big shopper league this Christmas November 18, 2013 WEALTHY foreign visitors are expected to keep Britain’s tills ringing over the crucial Christmas period, with spend from Thai tourists outpacing all other nationalities so far this year. Thai visitors are the fastest growing consumers of luxury goods in the UK this year so far, with spending up 53 per cent compared to the 37 [...]
Warm weather helps can firm Rexam despite tough economy November 14, 2013 DRINKS can maker Rexam said yesterday that third-quarter global beverage cans volume rose three per cent, helped by a hot summer in western Europe, but the gain was partially offset by weakness in Russia, Egypt and Turkey. Rexam, which counts Coca-Cola, Pepsi, Red Bull and Heineken among its customers, said it sees challenges in Europe, [...]
Growth set to gain momentum in developed economies says OECD November 12, 2013 Growth in developed countries increased in September with the recovery in the Eurozone "gaining momentum," according the Organisation for Economic Co-operation and Development. The Composite Leading Indicator (CLI), intended to detect turning points in economic activity, show growth is above trend in Japan and is strengthening in the UK. Growth in the US is around [...]