FTSE edges down as Libor crisis deepens July 4, 2012 The FTSE 100 edged down with trading subdued as the US was closed for business because of a public holiday. Investors remained glued to the crisis in the banking sector with former Barclays chief Bob Diamond, who quit over the bank’s rate fixing scandal, prepared to be grilled by MPs today. Meanwhile Britain’s service sector [...]
Whitefox to appeal Tate & Lyle case June 27, 2012 British group Whitefox Technologies is to appeal against a US court ruling made against it in a dispute with Tate & Lyle which an analyst said could win the London-based sweeteners and starch company over £10m. The trial before the Supreme Court of the State of New York related to equipment and technologies supplied by [...]
Boosted by bank and commodity stocks, FTSE breaks its losing run June 27, 2012 BRITAIN’S leading shares bounced back yesterday, snapping a four-session losing streak, with commodity and banking stocks squeezed higher as worries over the global growth outlook were eased by some upbeat US data. Volumes were again low, however, as most investors preferred to remain on the sidelines ahead of a crucial European summit. The FTSE 100 [...]
Market report: FTSE benefits from caffeine hit as inflation falls June 19, 2012 Coffee and a promise to safeguard the Eurozone from further contagion pushed the FTSE up 0.4 per cent in early trading this morning. As a result London’s blue chip index broke through the 5,500 level – a technical level seen as key for spurring further buying. Last night European leaders at the G20 summit in [...]
JOHN LAING MOVES INTO KINGSWAY ESTATE June 12, 2012 DEVELOPER UK & European has secured John Laing as a tenant at its One Kingsway estate in London’s Midtown. The PFI specialist has taken two office floors at around 25,000 square feet on a 15-year lease. It joins Tate & Lyle, which agreed to take the top two floors of the building at Aldwych, and [...]
Tate & Lyle finds the right mix of ingredients as sales surge May 31, 2012 STRONG growth of zero-calorie sweetener Splenda and other speciality food ingredients helped boost Tate & Lyle’s full-year profit 23 per cent to £323m, as the group benefited from consumers opting for healthier foods. The London-based sweeteners and starches group reopened a second plant in March in the US to meet demand for its sucralose Splenda [...]
LONDON REPORT May 27, 2012 AS DELIBERATIONS over the Eurozone’s future rumble on this week, weighing on global markets, a raft of retail firms are due to report on how the British high street has treated them in recent months. The FTSE 100 rose 1.5 per cent last week, but is still down two per cent down since the start [...]
FTSE rise fuelled by solid earnings May 3, 2012 The FTSE 100 pushed higher in early deals, recovering some of the previous session’s falls as investors turned their attention to a European Central Bank (ECB) meeting and tomorrow’s key US jobs report. ECB chiefs meet today after a week in which a string of bleak economic data, including manufacturing figures, has cast a shadow. [...]
FTSE shored up by strong blue chip results May 2, 2012 The FTSE 100 was flat in early trading as better than expected US manufacturing figures were offset by the bleak picture in the Eurozone. US manufacturing expanded at its fastest pace for 10 months fuelling confidence in the recovery of the world’s largest economy. However, the Eurozone’s manufacturing sector slipped further into decline last month, [...]
EasyJet boss ejects Jefferies from cockpit April 25, 2012 WHEN Jefferies bought Hoare Govett for £1 from RBS in February, it expressed the hope that it would be able to retain some of its larger broking clients. So it will come as something of a blow to find that FTSE-250 firm easyJet, the discount airline headed by former Guardian media group chief Carolyn McCall, [...]