Euro-Dollar drama may continue into next year October 1, 2012 FX360 THE final quarter of 2012 is now well underway and, by all accounts, the single currency has been given something of a lift. What is more, this positivity has arrived against the backdrop of mounting belief that a Spanish bailout is now nothing more than a formality. It could be initiated as soon as [...]
The Tipster | Bookmaker to pay over the odds October 1, 2012 ATTENTION will be focused on William Hill this week. The UKs largest bookmaker has recently been told that a £350m offer for Sportingbet “significantly undervalues” the online sports betting company. With Sportingbet due to report tomorrow, investors will be closely monitoring whether William Hill is likely to pay over the odds. Spread Co quotes a [...]
Not all doom and gloom for UK banks October 1, 2012 WE ARE now more than four years on from the collapse of Lehman Brothers, and it is longer still since the taxpayer bailed out Northern Rock. In that time, there has been little good news for financials and for the UK banking sector specifically. Reinforced by Moody’s decision to maintain its negative outlook on the [...]
Analyst picks for 1 October 2012 October 1, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long Aussie dollar-dollar Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days A falling wedge (reversal pattern) may be in the works off mid-September highs. But a weekly close above $1.0350 this week must happen so that this can be fully [...]
Banks to announce interest rates days after key economic indicators September 30, 2012 THE first day of the month brings with it September’s Purchasing Managers’ Index (PMI) manufacturing data for the UK and Eurozone. Last month’s UK figures painted a rosier-than-expected picture of the sector, although the Eurozone figures were disappointing. The news will be followed up tomorrow by construction data from the PMI, although FirstGroup’s trading update [...]
Election debate kicks off amid gains for S&P September 30, 2012 WALL Street will open October with a busy week, highlighted by low expectations for global manufacturing data and the US jobs report. Any positive surprises may help lift the market. The S&P 500 finished its third positive quarter in the last four on Friday, despite suffering its largest weekly percentage decline since June. For the [...]
The business of winning a smile from a sceptic September 30, 2012 THE French policeman, or gendarme, didn’t look happy as he got off his motorbike. He had waved over my car after seeing me talking on my phone, and driving around a roundabout twice. However, his expression changed to one of utter disbelief when I greeted him with “Thank God you are here!” Before he could [...]
Canary Wharf Group gets behind finance entrepreneurs September 30, 2012 FOR too long, the worlds of entrepreneurship and finance have been separate spheres. The choice has always been between working for a behemoth in the corporate jungle, or taking that leap of faith to go it alone in a field of work unrelated to your City career; indulging a personal passion – perhaps opening that [...]
Questioning the need for life cover September 30, 2012 WITH the multitude of policies available, buying life assurance can feel like entering a labyrinth. Even many savvy personal finance buffs avoid the subject. Considering its morbid nature, one can see where they are coming from. But life assurance is one of the fundamental pillars of shrewd wealth planning, and avoiding the subject is one [...]
Three ways to save cash on costly London car insurance September 30, 2012 THE AA recently heralded the seizure of Britain’s millionth uninsured vehicle since 2005 – an average of 500 each day. Car insurance is, of course, a legal requirement for driving in the UK. But it’s also an expensive necessity. According to research by Moneysupermarket.com, London drivers face the highest premiums in the country. If you [...]
