WHAT THE OTHER PAPERS SAY THIS MORNING July 19, 2009 THE SUNDAYSThe Sunday TelegraphENGINE IN DRIVE FOR EXPANSIONThe advertising agency that created the 118 directory enquiries runners is seeking £50m to fund an international expansion drive that will take it to the US and the Far East. The Engine Group has appointed advisers at Jefferies and the corporate finance arm of Ingenious Media to secure [...]
YES, RECOVERY WILL BE LONG AND HARD June 28, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM HAVING rallied between March and early June on the expectation that the global economic downturn could be in the process of bottoming, the market is displaying a reluctance to extend risk. The reason is clear – economic data may have improved, but they are not yet sufficiently strong to confirm that [...]
Britain’s economy is improving slowly June 24, 2009 MOST commentators are focusing on the world’s appalling economic performance this year – the UK will collapse by 4.3 per cent, the US by 2.8 per cent, Japan by 6.8 per cent and the Eurozone by 4.8 per cent, according to yesterday’s revised forecasts from the OECD. But that is no longer really news. The [...]
THE LONDON REPORT June 23, 2009 The FTSE 100 closed down 0.1 per cent yesterday, falling just 4.03 points to 4,230.02 in a choppy session, with thin volumes exacerbating movements, after losing 2.6 per cent on Monday. The index has gained more than 22 per cent since hitting a six-year low in March, but is still down 4.6 per cent on [...]
Fewer Brits to lose home this year June 22, 2009 FEWER homeowners will face having their houses repossessed in 2009 than previously thought because of low interest rates and government intervention, the Council of Mortgage Lenders (CML) said yesterday. The CML said it has cut its prediction for the number facing repossession this year to 65,000 from 75,000, but this is still much higher than [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2009 THE SUNDAYSTHE SUNDAY TIMES SKY SAYS NO TO SETANTASports organisations including the Scottish Premier League may be forced to stomach deeper-than-expected cuts to their TV income after shareholders in Setanta failed to stump up enough cash to keep the broadcaster alive. Setanta’s financial position was so parlous this weekend that it asked arch-rival BSkyB for [...]
Why the public rejects car firm bailouts May 31, 2009 WE are almost there. Barring a last minute hiccup, General Motors (GM) will enter into bankruptcy today. Like Chrysler, it will be using section 363 of the US code, which ought to allow it to reemerge in a few months having shed assets, liabilities and shareholders, and with the government owning the bulk of the [...]
Sterling’s long decline comes to an end May 27, 2009 IT may seem strange given the dire state of Britain’s public finances but sterling is starting to regain some of its strength, especially against the dollar. Yesterday the pound rose above $1.60 for the first time in seven months, boosted by better services sector sentiment and mortgage approvals. Sterling is now trading well above its [...]
The worst may be over, but the UK’s return to growth could be painful May 25, 2009 THE WORST is now over for the UK economy, but the path back to growth will be slow and painful, according to an increasing number of economists. While last week’s GDP figures confirmed the UK economy shrank 1.9 per cent in the first quarter of this year compared with the previous quarter – its sharpest [...]
REALITY CHECK AS UK DEFICIT SOARS May 21, 2009 TENTATIVE signs of a recovery in the UK economy were dramatically overshadowed yesterday when credit ratings agency S&P downgraded its outlook on UK debt and the scale of the crisis in the public finances was laid bare. S&P lowered its outlook on the UK’s prized AAA credit rating to “negative” from “stable”, giving a one [...]