THE WEEK AHEAD September 25, 2011 COMPANY NEWS ● Ricardo announces today. In 1915, entrepreneur Sir Harry Ricardo formed Engine Patents, which is today Ricardo. The global multi-industry engineering company is headquartered in Shoreham-by-Sea. ● Tomorrow, Albemarle & Bond and Close Brothers announce. The former is the largest pawnbroker group in the UK, while the latter is a British bank. ● [...]
THE TIPSTER September 25, 2011 SHARES in Dominos Pizza tumbled below 500p on Friday. However, spread betters have been in a largely positive mood ahead of the firm’s results on Wednesday. The long-term trend has been upwards for the firm over the past year, as penny-pinching Britons shun meals out for takeaway pizzas at home. Traders were anticipating longer-term gains [...]
FTSE suffers 5pc losses on Fed woe September 22, 2011 A TOXIC cocktail comprising a grim economic outlook from the US Federal Reserve and downbeat data in China left Britain’s top shares nursing a near five per cent drop yesterday, as investors pinned some hopes on this week’s G20 meeting. Commodity stocks, sensitive to data showing a stuttering recovery, were the biggest fallers by some [...]
Dire day of selling sinks US equities September 22, 2011 US stocks plunged yesterday, extending a selloff to four days, as policymakers’ failure to arrest global economic stagnation sent markets spiraling downward. The heavy volume of last night’s plunge signaled investors are selling in anticipation of more losses. Wall Street’s “fear gauge”, the CBOE Volatility Index, jumped 12 per cent, giving the index its biggest [...]
FTSE commodities drop on fear over Fed announcement September 21, 2011 BRITAIN’S top shares dropped back yesterday, led by weakness in commodity issues as investors nervously awaited the outcome of a US Federal Reserve meeting with expectations for further economic stimulus seen as already discounted. The FTSE 100 closed down 75.30 points, or 1.4 per cent at 5,288.41, retreating after a two per cent bounce on [...]
US grim forecast spooks investors September 21, 2011 THE Federal Reserve’s warning that the US faces a grim economic outlook jolted investors yesterday, driving down US stocks more than two per cent, while benchmark Treasury yields hit a more than 60-year low on the Fed’s announcement of a $400bn bond-buying programme. The dollar rallied against the euro and the yen, buoyed by the [...]
This year’s hot sectors: risk and compliance September 21, 2011 WE’VE been told that the boom years are over. The fast-growth sectors of City employment have ground to a halt. New job opportunities will be fewer and far between. Well, that is unless you work in risk and compliance: the fallout from the credit crunch has given a new lease of life to these sticklers [...]
ETF criticisms don’t stand up to scrutiny September 21, 2011 EVEN prior to Kweku Adoboli’s UBS fraud, there was plenty of mud being slung at exchange-traded funds (ETF) – almost all unjustifiable. UBS’s rogue trader is irrelevant to the concerns of retail investors, for whom ETFs offer a cheap and liquid way to track many indexes. UBS IN CONTEXT In the case of the UBS [...]
Only facing up to your debt problems will stop the stress September 21, 2011 DON’T look so frightened,” Tracy Finn tells me. We are sat in the big Queen Street branch of HSBC in the City. It’s 10am on Wednesday morning, and I’m only about a year late for this meeting. “I help dozens of people with their personal debt every month,” she assures me. “Most of them earning [...]
Growing role of automatic FX trading September 21, 2011 OVER the last two years, we have witnessed a significant increase in demand to trade automatically in the FX market. Even if it is to follow the same trend as the equity and futures markets after Mifid – its high levels of liquidity and huge volumes of trade per day makes it a very attractive [...]
