WALL STREET WEEK AHEAD October 30, 2011 WITH the S&P 500 about to end its best month in almost 40 years, many would be happy to cash in gains and start packing for the ski slopes. But some underperforming investors are being cornered into putting yet more money into US stocks. The S&P 500 on Friday closed its fourth week of gains [...]
From the ladies who lunch to women who cut hedge fund deals October 30, 2011 IT STARTED as a girls’ lunch,” Lindsey Parslow tells me. “Me and a group of other hedge fund office managers would get together to share ideas,” she explains. “We were all frustrated with the same things at work. We didn’t want to be paying so much for everything.” They knew they were paying too much [...]
The books that can change a business life October 30, 2011 THOMAS Jefferson once said: “books constitute capital,” and considering all entrepreneurs are after that, we thought we’d ask five successful business owners what books spurred them on in the early days. Here are their answers. TAREK NSEIR, TH_NK THE DESIGNFUL COMPANY: HOW TO BUILD A CULTURE OF NONSTOP INNOVATION BY MARTY NEUMEIER Nseir says that [...]
Batten down the hatches: Main St. braves the storm October 30, 2011 THREE months after the debt ceiling wranglings on Capitol Hill that drove S&P to downgrade America’s AAA rating, there have been some chinks of light shining through the grey clouds that until now have enveloped the US economy. Figures released last week by the US Commerce Department indicated that the US economy had grown by [...]
THE WEEK AHEAD October 30, 2011 COMPANY NEWS ● Barclays announces today. It traces its origins back to 1690, when John Freame and Thomas Gould traded as goldsmith bankers in Lombard Street. Eagle eyes await results. ● Imperial Tobacco announces tomorrow. Its brands include Davidoff, West, Gauloises Blondes, Montecristo and Drum. It was created in 1901 through the amalgamation of thirteen [...]
THE TIPSTER October 30, 2011 TRICK or treat? Marstons – brewer of Hobgoblin beer and pub owner – has like the rest of the market, enjoyed a frightfully good October, with shares rallying close on 20 per cent. Although the market is becoming increasingly dominated by a handful of giants, earnings are expected to be in line with expectations when [...]
No holiday in sight for Club Med debtors October 30, 2011 KATHLEEN BROOKS | FOREX.COM Italy’s debt auction on Friday reminded us that the Eurozone’s third largest economy is still its weakest link. It had to pay the highest price since joining the euro-area to sell 10-year bonds, as investors’ charged a higher risk premium to hold Rome’s debt, 6.06 per cent. So far this year [...]
Euro exuberance pushes the FTSE near three-month high October 27, 2011 BRITAIN’S top share index jumped to a near three-month high yesterday as bullish investors uncorked their champagne bottles and toasted Europe’s plan to tackle its debt crisis. The upbeat news from Europe boosted appetite for riskier assets such as banking and commodity stocks, which helped the UK’s benchmark index surge 160.58 points or 2.9 per [...]
Best month in 37 years for the S&P October 27, 2011 US stocks surged three per cent yesterday as an agreement by European leaders to help contain the region’s two-year debt crisis lifted a cloud hovering over markets. Optimism that a deal would be struck to prevent widespread financial distress fueled the market’s rebound in October. The S&P 500 is up more than 13 per cent [...]
FTSE 100 climbs on hopes EU summit will tackle crisis October 26, 2011 BRITAIN’S leading share index last night reached its highest closing level for two-and-half months. Defensive stocks performed well as investors awaited the outcome of a European Union summit, which opened last night, to resolve the two-year-old sovereign debt crisis. Investors also rewarded companies reporting strong figures in a patchy quarterly results season, with BG Group [...]
