WHAT THE OTHER PAPERS SAY THIS MORNING December 13, 2009 THE SUNDAYS The Sundays Telegraph DEBENHAMS DIRECTORS GET BUMPER PAYOUTS Directors of Debenhams have received bumper payouts, despite the retailer cutting its dividend payment to shareholders last year. Rob Templeman, chief executive, saw his package increase by a third to £1.24m after he was granted a bonus of £428,073. Michael Sharp, deputy chief executive, saw [...]
Battle lines drawn for pre budget report December 6, 2009 CHANCELLOR Alistair Darling faces his toughest week yet at the helm of the Treasury as he prepares to deliver the 2009 Pre-Budget Report (PBR) to Parliament on Wednesday. He is likely to downgrade his forecast for 2009 GDP – admitting the UKshrank much more than he predicted – but City economists expect him to hold [...]
F&C DITCHES THE DORCHESTER FOR A LEANER SHOWING AT PING PONG November 25, 2009 THINGS may be looking up in terms of the economy, but the corporate Christmas goose is looking just as lean as it was in the depths of the financial crisis last year – and a little bird tells me that asset management firm F&C Investments is among the companies trimming its budget. Usually, F&C staffers [...]
Crossrail’s chairman says the 16bn project is set to push ahead in 2010 November 17, 2009 The last time I saw Terry Morgan was a year ago at 2am, underneath Leicester Square. Then he was the Tube Lines chief executive and was standing on the underground tracks between Leicester Square and Covent Garden stations, telling a couple of engineers exactly what he thought of their work. This meeting could not be [...]
OCTOBER WILL SET OUTLOOK FOR RECOVERY September 27, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COM ONE year on from the eye of the financial storm, the sense of crisis has abated. The majority of economic data since the second quarter has been far better than most economists would have thought possible in the spring. That said, many warning signs remain and the world cannot shrug [...]
GOLD’S HIGHS OFFER SELLING POTENTIAL September 13, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMTHE market returned from its summer holidays last week with a hearty appetite for risk, undermining the US dollar so much that euro-dollar rallied into a new trading range and, unsurprisingly, boosting the price of oil and metals. What was surprising, however, was the surge in gold, which broke the $1,000/oz level [...]
HOW POUND IS BUFFETED BY POLITICS June 9, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT THE currency market often reacts with more force to political news than it does to economic data. Currencies represent nations as well as economies so traders would do well to remember the golden rule of FX trading: in head to head combat, politics almost always trumps economics. Political instability [...]