US shares buoyed by Goldman stock rise July 20, 2010 US stocks rose for a second consecutive day yesterday, led by gains in shares of Goldman Sachs and strength in beaten-down homebuilders and raw materials companies. Goldman Sachs Group rose 2.2 per cent as buyers materialised after an early selloff on news the investment bank’s quarterly earnings tumbled 82 per cent, steeper than forecast. “Most [...]
CAR TALK July 20, 2010 PEUGEOT’S NEW LOOK Take note. This is the new Peugeot 508 which is the biggest indicator yet of how much more handsome Peugeot cars are going to become. The 508 replaces two cars in the Peugeot range – the 407 and 607 – and is better looking than either. Thanks to its narrower grille and [...]
Google set to win in China July 19, 2010 APPLE may be taking the headlines in Europe with the launch of its iPhone 4, which despite well publicised antenna issues, continues to sell at a blistering pace. But the California-based firm is losing the biggest battle in mobile technology to arch-rival Google – which is to conquer China. Google’s Android software is muscling its [...]
WALL STREET WEEK AHEAD July 18, 2010 AFTER ugly economic data and an unexpected downturn in sentiment on quarterly earnings, Wall Street will face a tough time battling back from the latest sell-off. Technology and banking results will once again shape investor mind-set in a week dominated by a blitz of quarterly earnings. But it will be a tough job to shift [...]
Don’t bet on strong bank earnings July 18, 2010 REACTIONS were mixed as the first of the season’s US bank earnings rolled in last week. Some analysts – like GFT’s David Morrison – were blaming poor revenue growth reported by Citigroup and Bank of America-Merrill Lynch (BoA-ML) on Friday for the subsequent dip in the S&P 500 as it plunged 2.09 per cent in [...]
SPREAD BET GURU July 18, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, what are the main weightings behind the FTSE 100 index? A. The FTSE 100 is a weighted index of the leading 100 companies, as measured by market value, that are listed on the London Stock Exchange. As you might expect, the companies with the highest market capitalisation have the [...]
Apple forced into a rare press call over iPhone 4 July 15, 2010 THE world’s largest technology firm will host a rare press conference today as it tries to limit the fallout from the antenna problems plaguing its new phone. Steve Jobs is expected personally to host the press-call, at which he will play down the reception problems with his firm’s flagship iPhone 4. Apple was dealt a [...]
MARKETING July 15, 2010 Q. I am starting a business and I need to think about marketing but I don’t know where to start. Can you offer me some advice? A.This is a common problem. Most people will have heard of marketing, but they don’t know quite what it is. Mark Brewerton, the managing director of Total Marketing Solutions, [...]
iPhone recall fears batter Apple’s stock July 14, 2010 APPLE shares recovered to chalk up a small gain yesterday, a day after an influential US watchdog criticised its new iPhone 4 handset. On Tuesday, investors had flocked to sell their shares in the firm, temporarily wiping £6.5bn off its market value, amid fears Apple may have to issue a recall of the product, which [...]
Henry to make Red Bulls bow against Spurs July 14, 2010 ARSENAL legend Thierry Henry has confirmed his switch from Barcelona to New York Red Bulls – and is set to make his first appearance against old rivals Tottenham. Henry, 32, is believed to have signed a four-and-a-half-year contract in the Big Apple after Barca agreed to release the France striker a year early. “This marks [...]