SPREAD BET GURU April 18, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, JP Morgan’s earnings were very good, what will this mean for the other banks? A. I take a balanced view on this. That JP Morgan announced much better earnings than the market had first anticipated, a 57 per cent rise in profits, is a good sign for the bank [...]
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 [...]
Intel eyes new chips as its results cheer April 14, 2010 INTEL is banking on a surge in revenues as it races to become the leading provider of next generation-chips to power a range of new devices. The US chip maker is keen to move into “adjacent markets” after the success of Apple’s iPad tablet computer. The tech giant missed out on the lucrative contract to [...]
Global iPad delay frustrates users as demand surges April 14, 2010 THE global launch of Apple’s iPad slate computer has been delayed by more than a month, with the firm blaming high demand in the US. The iPad was due to be released in Australia, France, Germany, Italy, Japan, Spain, Switzerland and the UK in late April, but the technology company said yesterday that will now [...]
Turquoise set to trade US equities in European time April 14, 2010 THE London Stock Exchange yesterday unveiled ambitious plans to turn its Turquoise platform into the first European multilateral trading facility (MTF) to trade US equities during the European working day. Turquoise, which is 51 per cent owned by the exchange and the rest by twelve investment banks, will offer dollar trading in 175 of the [...]
Top ten summer quenchers April 14, 2010 Black Diamond Sour For your late summer nights, this is a sultry rich cocktail with the aromas of a hot evening. Amaretto comes with blackberries, lime and violet liqueur, served over crushed ice and garnished with an edible flower. £8.50 at Loungelover, www.lestrois-garcons.com Garden of Earthly Delights Basil-infused Tanqueray gin, maraschino, peach purée and lemongrass [...]
Smartphone sales hit 180m April 13, 2010 A staggering 180m smartphones were shipped worldwide last year as the market continued to evolve at a blistering pace. Sales are expected to leap to almost 400m units a year by 2014, according to the research from Parks Associates. By then smartphones will be the industry standard, the market researcher says. The number of smartphone [...]
Microsoft launches Kin phone April 12, 2010 Microsoft, the US computer giant, launched two new phones, Kin One and Kin Two, aimed at young people yesterday, marking a fresh assault on the fast growing smartphone market, where BlackBerry maker Research in Motion and Apple’s iPhone now dominate. The phones will be made by Japan’s Sharp and will be sold by Verizon Wireless, [...]
Dow breaks through the 11,000 mark April 12, 2010 THE Dow industrials closed above 11,000 for the first time in almost 19 months yesterday, spurred by buying in financial, energy and industrial sectors. It briefly topped that level on Friday but closed just short. The S&P 500, which is up 7.2 per cent since the start of the year, rose to within one point [...]
Palm tipped to be seeking buyer after plunging sales in smartphone market April 12, 2010 SMARTPHONE maker Palm has begun seeking offers for the firm, according to industry insiders. Palm, which makes the Pre and Pixi phones, is working with Goldman Sachs Group and Qatalyst Partners to find a buyer, Bloomberg News has reported. Last year Palm introduced its WebOS operating system, which received positive media reviews but that failed [...]