The Tipster April 18, 2010 INVESTMENT company the Alliance Trust has been a solid performer in the FTSE 100 over the past 12 months, gaining 31 per cent in value, which should please most shareholders when its final results are announced today. It is currently trading at the upper resistance of an 18-month-old bull channel, so any pullback to the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 15, 2010 FINANCIAL TIMES INVESTORS RAISE FEARS ON “STEWARDSHIP CODE” As the Financial Reporting Council prepares to issue a shareholders’ best practice code, industry groups and institutional investors say they are worried it will become another list of boxes to tick. The FRC’s consultation on the world’s first official “stewardship code” closes on Friday and it expects [...]
Finance site appoints non-exec April 7, 2010 Money Dashboard has appointed a new non-executive director in the run up to its launch. Laurie Dempster, a serial entrepreneur and former business controller in the IFA sector, has joined the company as a non-executive director. He joins chairman Stuart Sinclair, the former chief executive of Tesco Personal Finance, and non-executive director David Robinson, who [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 6, 2010 FINANCIAL TIMES GAZPROM TO LAUNCH RUSSIA’S BIGGEST BOND ISSUE Gazprom will seek to raise Rbs300bn ($10.2bn) in Russia’s biggest bond issue programme to date, as the gas export monopoly tries to take advantage of a booming domestic bond market to restructure its debts and raise funds for upcoming investments. Gazprom said it had mandated Gazprombank, [...]
Tesco reveals banking target April 5, 2010 TESCO announced over the weekednd its ambitions to create a full service retail bank as part of plans to make up 10 per cent of the UK’s financial services market within the next ten years. The supermarket’s credit card and motor insurance businesses already makes up 10 and 4 per cent of their respective markets [...]
Carphone Warehouse splits in two March 29, 2010 TalkTalk and Carphone Warehouse (CPW), the electronics retailer, both saw a positive reaction to their first day operating as separate entities. Carphone Warehouse added 7.3 per cent after it spun off its TalkTalk broadband supplier. Its shares began trading at 144p and closed at 155p. TalkTalk added 4.4 per cent on its maiden day trading, [...]
Miners and Vodafone help FTSE 100 book gains as Carphone goes it alone March 29, 2010 BRITAIN’S top share index ended 0.1 per cent higher yesterday as gains in miners on the back of firmer metals prices and a stronger Vodafone outpaced falls in banking stocks. The FTSE 100 closed 7.64 points higher at 5,710.66 after falling 0.4 per cent on Friday. The index has gained more than 12 per cent [...]
Retailers on a roll but storm clouds looming March 28, 2010 EVEN the worst recession for at least 60 years hasn’t been able to stop the British consumer from flashing the plastic. Snowfall might have deterred the less hardened shoppers from hitting the January sales with full force, but statistics out last week showed we returned to the high street in our droves last month. Retail [...]
EasyJet boss McCall to see pay doubled March 24, 2010 CAROLYN McCall, former Guardian Media Group boss, will see her pay almost double once she takes over as chief executive of low cost airline easyJet. It is understood that McCall, who in 2009 earned a salary of £498,000 at the Guardian, will step into a similar pay package as former easyJet chief Andy Harrison, whose [...]
Sainsbury’s sales hit by slowing growth March 24, 2010 SAINSBURY’S has reported its smallest rise in underlying quarterly sales in almost five years. Britain’s third biggest grocery chain said stores open at least one year rose 1.7 per cent, excluding fuel, in the fourth quarter. That was down from 3.7 per cent in its third quarter and the smallest rise since the first quarter [...]