Showing posts with label sipp investment. Show all posts
Showing posts with label sipp investment. Show all posts

Tuesday, November 16, 2010

Ireland's Cowen to Weigh EU Steps to Shore Up Banking System

Ireland signaled a willingness to weigh European Union measures to aid its banks, potentially abandoning a go-it-alone defense to prevent a resurgent debt crisis from destabilizing the euro.
With European Central Bank officials urging Ireland to set aside national pride and tap the 750 billion-euro ($1 trillion) fund created in May, Prime Minister Brian Cowen put aid for banks on the agenda of a meeting of euro finance ministers today.

360investgroup

original source of information - Irish Times & Bloomberg

Friday, October 29, 2010

Todays Market - 29th October 2010

Market News and Views

The FTSE 100 is called to open lower this morning tracking the performances on Wall Street and in Asia overnight as investors wait on the sidelines for more news on the state of the US economy ahead of next week's FOMC meeting. Today's focus will be on the advance reading of the US GDP number at lunchtime followed by other US data later in the session (see below). Overnight news from the UK saw consumer confidence register a small rise in October according to GfK NOP to -19, which was seen as a surprise.

Today's Company announcements

WPP Q3 Trading Update. Reports that revenues in the period rose over 12% to £2.25bn and lfl revenue growth accelerated to 7.5%, its strongest quarter for 10 years with reported revenues now up over 6% in the first 9 months. It noted that it was on course to exceed its full year operating margin target of a one margin point improvement with America and traditional media 'continuing to bite back'. However, it added that the current strong improvement in growth rates, particularly in the US would not last forever.

British Airways Interim Results sees its first six month profit in 2 years of £158m on the back of fare rises and cost cutting with revenues up over 8% to £4.45bn. Average passenger revenue/yield rose over 17% to 7.02p. It described the increase in the UK's Air Passenger Duty which takes effect on 1 November as 'unhelpful' in an uncertain economic environment but sa

Thursday, October 21, 2010

360investgroup Market Snapshot 21st October 2010

Markets Summary
Previous
Change
FTSE 100
5728.93
25.04
FTSE 250
10831.86
5.65
Dax
6524.55
33.86
Dow Jones
11107.97
129.35
Nasdaq
2457.39
20.44
S&P
1178.17
12.27
Hang Seng
23559.02
2.52
Nikkei
9376.48
-5.12



Commodities Summary
Previous
Change
Oil
83.21
-0.34
Gold
1342.45
-6.58
Silver
23.71
-0.27



Currency Summary
Previous
Change
£/$
1.5796
-0.0052
€/$
1.3929
-0.0034
$/¥
81.06
-0.0200
£/€
1.1335
-0.0002



Time
Country
Indicator
Median
Previous
9:30
UK
Retail Sales m/m
0.4%
-0.5%
1:30
US
Unemployment Claims
454k
462k
3:00
US
Philly Fed Manufacturing Index
2.3
-0.7