Archive for January, 2008
Trouble At The Top
Citigroup, the worlds largest company according to Forbes, is likely to cut dividends and significant layoffs in an attempt to save money.
Citigroup has written down losses in excess of $20bn. Despite cash injection of $10bn, the company has been hit by the subprime-mortgage issues plauging the financial world.
Dividend Cut
The bank is expected to cut dividend [...]
Profits for Premium Retailer
With the recent swath of poor interim results hitting most of the high street retailers discussed here, it’s good to see a non-FTSE 100 retailer producing good figures.
In Ted We Trust
The motto found on the underside label on Ted Baker ties (and possibly other items of clothing) certainly seems to ring true for Ted Baker’s [...]
GBP Drops Further
The pound fell further against the Euro and the USD today with the expectation of an interest rate cut by the BoE.
A week of dismal figures, including poor results for the retail sector, increases in wholesale energy costs and worse than expected factory output for the UK has led many experts to feel an interest [...]
Retail Sales Data Down
Retailers had a poor end to 2007, booking the lowest figures in three years. The large retailer Marks & Spencer drop to a 19 year low on the LSE today after disappointing figures were released today at 9:00 (GMT).
Sir Stuart Rose acknowledged the difficult times in the retail sector in the intermin report , he [...]
Euro Highs in 2008
Some experts are predicting Euro all-time highs this year against the US Dollar. With the US economy faltering, a bonanza may be in store for currency traders profiting from USD losses.
Expert Opinion
According to senior currency analyst Masashi Hashimoto at Bank of Tokyo-Mitsubishi, the Euro could trade as high as $1.57 against the dollar.
It is [...]
Dollar Woes Continue
The USD decline continued today following disappointing results in the US NFP and US unemployment figures. Analysts are expecting the Federal Reserve to make further interest rate cuts to help bolster the economy.
A Shaky Start to 2008
The USD has stumbled into 2008 after a temporary rally against the Euro towards the end of December. There [...]
Gold Rally Continues
Following on from yesterday, Gold continued to rally. The trend has continued today as traders use the commodity as a hedge against inflation worries in the US economy.
It is expected that the Federal Reserve will make further interest rate cuts to revive the slowing economy. “People are still nervous about the dollar. We are seeing [...]
Gold Highest Since 1980
Commodity traders have sent Gold higher, after a shaky start to 2008 for the US Dollar. In response to the USD decline, traders have hedged against inflation by trading Gold futures.
Gold reached a high of $852.30, in comparison to a record high of $873 in January 1980. The bullish rally for Gold has continued for [...]
