| | Tuesday 29 January 2013 THOUGHT FOR THE DAY  Enjoy Yourself - While You Can Hello Share Shifters,
There were some fairly dire stories bout the UK economy in my Sunday newspaper. But then you can always count on journalists to look on the dark side.
Even so, I reckon that the Government is going to have to do something to stimulate growth soon, otherwise the world won't want to invest here. They won't see us as a safe place to dock their ships, so to speak.
The politicians are going to spend a load of money on a new super dooper rail set-up, but as that won't be taking passengers and goods for another 20 years, that won't improve transport until quite a few of us are no longer taking trains anywhere.
Click here to read the rest of the article
ON THE SHARECRAZY BLOG Reasons to be Cheerful in 2013 by Ishaq Siddiqi - market strategist with ETX Capital - a London based spread betting provider for equities, indices, forex and more.
After the stunning (albeit distorted) Q3 GDP figures last year, the disappointing Q4 growth figures are a stark reminder of the poor condition of the UK's economy and the challenge it has in finding a path of sustainable growth in the years ahead. The UK's economy relapsed again, entering a triple dip into negative growth, hurt by harsh austerity measures under the current government and the overall slowdown in the global economy in 2012.
So what is the outcome for the UK economy this year? The general view is more stagnation, with the economy likely to dip in and out of contraction until the Bank of England decides to pump more liquidity into the system, and the UK government takes stronger action in order to spur economic growth. Rating agencies will now show no mercy and will most likely strip the UK of its AAA rating in the weeks ahead. But as their forthcoming actions are well-flagged, the response in the market could be muted.
Click here to read the rest of the article
Paper Round Bumi, Yahoo, Osborne
Nat Rothschild escalated his battle with Bumi's board yesterday, dismissing their plans for a radical shake-up of the Indonesian coal miner he co-founded - before they had even been announced. Mr Rothschild, pictured, rubbished the promotion of Eko Budianto to be new head of a key Bumi subsidiary, due to be announced today, claiming he is too close to the group's other founders, Indonesia's Bakrie brothers. Mr Budianto will replace Rosan Roeslani, a 9.8 per cent shareholder in Bumi, a month after the Takeover Panel ruled there had been improper disclosure about Mr Roeslani's close relationship with the Bakrie brothers. [The Independent]
Hopes of a turnaround at Yahoo, the once-powerful internet business, were boosted last night after the company reported better-than-expected earnings for its fourth quarter. The figures cover the first full quarter under the leadership of Marissa Mayer, right, who was brought in from Google last year to turn the business around. Although profits dipped as the company recorded a one-off charge related to its exit from South Korea, Yahoo's revenues rose 4 per cent to $1.22bn, against expectations of around $1.21bn. [The Independent]
George Osborne should make good on his pledge to make the spring budget the date when tax decisions are made and stop using the autumn statement as a vehicle as a second fiscal package, a committee of MPs said today. In their report on the 2012 autumn statement, the backbench Treasury committee criticised the chancellor for going back on his commitment to restore the budget to its central role in economic and financial policy making. The statement Osborne delivered last month contained an array of measures, including the scrapping of an increase in fuel duty, designed to boost the economy. Andrew Tyrie, chairman of the Treasury select committee (TSC), said: "The autumn statement is not, nor should it be, a second budget. In recent years it has come to read like one." [The Guardian]
People living along the planned high-speed railway woke yesterday to find that their homes would be destroyed and businesses bulldozed as ministers outlined details of the £33 billion line north of Birmingham. A total of 227 homes will be demolished, and 179 commercial properties, 42 industrial sites and five community facilities will be bulldozed to make way for the £18.2 billion branch lines that will carry trains at up to 225mph. Manchester will suffer the greatest number of demolitions, with 47 homes destroyed north of Piccadilly station and 22 bulldozed at West Gorton where the line emerges from a tunnel. Sixty-three businesses and 28 industrial plants will also go. [The Times]
UK taxpayers have been left more than £100m out of pocket after a European court ruled that the Icelandic government had no obligation to repay Britain and the Netherlands for rescuing depositors in failed bank Icesave. The European Free Trade Association (EFTA) court on Monday ruled that Iceland did not break European free trade laws on deposit guarantee schemes by refusing to compensate foreign depositors after Icesave's owner, Lansbanki, collapsed in 2008. The judgment obliterates any hopes the UK government had of pursuing Reykjavik for interest on the £2.35bn bail-out. It also raises grave questions about Europe's cross-border banking arrangements, which allow overseas lenders to "passport" into a country without being subjected to local financial regulation. [The Telegraph]
An inspection of the Japanese battery supplier to the grounded Boeing 787 fleet has found no problems with its manufacturing processes but the company remains part of investigations into the passenger jet. Japanese regulators said they found no evidence of shortcomings with manufacturing standards at GS Yuasa's lithium-ion battery factory in Kyoto as they concluded a week-long inspection. [Financial Times]
Britain's most powerful aerospace, defence and security companies have joined the debate over Europe in the wake of David Cameron's pledge to hold an in-out referendum on Britain's EU membership, by warning that the government must ensure close co-operation with its biggest trading partner. The head of ADS, the trade association for major manufacturing names such as BAE Systems, Babcock and GKN, will state that British companies are "at the heart" of Europe's aerospace industry. The comments by Robin Southwell, the ADS chairman, will be given extra credence by his day-to-day role as the chief executive of UK operations at EADS, the Franco-German industrial conglomerate that owns Airbus, one of Britain's biggest manufacturing employers. [The Guardian]
THE LATEST ON THE CRAZY BOARD The top 5 hot company threads on the Bulletin Board: GKN Ferrex Supergroup Leni Gas & Oil The Running Trading Thread
Click here to discuss shares with other ShareCrazy members |
|
| | | |
| | |
|
If you do not wish to receive such emails please use the following link to unsubscribe. Sharecrazy.com Limited is an Appointed Representative (FSA registered number 245145) of Rivington Street Corporate Finance Limited which is authorized and regulated by the Financial Services Authority (FSA registered number 184761). Sharecrazy.com Limited is ultimately owned by Rivington Street Holdings PLC, 39 Athol Street, Douglas, Isle of Man IM1 1LA, the holding company for other regulated entities such as t1ps.com Limited and Rivington Street Corporate Finance Limited. Sharecrazy.com Limited does not offer investment advice. The website and the articles on it are for general guidance only and we cannot assume legal liability for any errors or omissions they might contain. The value of investments can go down as well as up and you may not get back the full amount you invested. If you are in any doubt about investing, seek the guidance of a suitably qualified and regulated financial adviser.
The appearance of an advert does not mean that we endorse the advertiser's goods or services. While we will not knowingly run an advert that is untrue, T1ps.com is not responsible for the accuracy of any advertising material or the accuracy of the description of an advertised product or service anywhere on our websites.
We do not recommend or endorse any vendor/trainer/product/service other than our own. It is up to each member to decide whether what an advertiser offers is right for you. We take every care to ensure that scams and spamming are not run on this website, but we recommend that any purchaser/service user take every precaution possible to satisfy themselves of the authenticity of any service/product purchased and responsibility for this lies solely with the purchaser.
The appearance of an advert on the site or via email from ShareCrazy.com does not mean that we endorse the advertiser's goods or services. While we will not knowingly run an advert that is untrue, ShareCrazy.com is not responsible for the accuracy of any advertising material or the accuracy of the description of an advertised product or service anywhere on our websites.
We do not recommend or endorse any vendor/trainer/product/service other than our own. It is up to each member to decide whether what an advertiser offers is right for you. We take every care to ensure that scams and spamming are not run on this website, but we recommend that any purchaser/service user take every precaution possible to satisfy themselves of the authenticity of any service/product purchased and responsibility for this lies solely with the purchaser.
The appearance of an advert does not mean that we endorse the advertiser's goods or services. While we will not knowingly run an advert that is untrue, ShareCrazy.com is not responsible for the accuracy of any advertising material or the accuracy of the description of an advertised product or service anywhere on our websites.
We do not recommend or endorse any vendor/trainer/product/service other than our own. It is up to each member to decide whether what an advertiser offers is right for you. We take every care to ensure that scams and spamming are not run on this website, but we recommend that any purchaser/service user take every precaution possible to satisfy themselves of the authenticity of any service/product purchased and responsibility for this lies solely with the purchaser.
No comments:
Post a Comment