FTSE shrugs off Egypt drama and rises on upbeat US data

first_img Show Comments ▼ Share KCS-content Tags: NULL FTSE shrugs off Egypt drama and rises on upbeat US data whatsapp COMMODITY stocks and banks helped drive Britain’s top share index to a higher close yesterday, as investors shifted their focus from political unrest in Egypt to upbeat US economic data.The FTSE 100 index closed up 94.88 points, or 1.6 per cent, at 5,957.82, recouping nearly all the 1.7 per cent lost over the previous two sessions on the fallout from Egypt.The mood was brightened after data showed that the US manufacturing sector expanded in January at its fastest pace since May 2004, and that prices paid jumped more than expected.Buyers came in for miners after copper hit a record high, helped by the strong US data and a backdrop of constrained supply.Copper miners Kazakhmys and Antofagasta were among the top blue-chip risers, up 4.8 and 4.7 per cent.At least 1m people rallied across Egypt yesterday clamouring for President Hosni Mubarak to give up power.“The first (market) reaction (to such situations) is naturally caution. It then takes 24 to 48 hours (for proper analysis) and I think having come through that exercise, the market has become ‘comfortable’ the impact won’t necessarily be too bad,” Paul Kavanagh, a partner at Killik & Co, said.Energy stocks were in demand as oil hovered around $101 per barrel yesterday, after a rally on Monday supported by port disruptions in Egypt, a weakening dollar and concerns about the growing social unrest in north Africa.BP rebounded 1.3 per cent. Traders said its share price fall earlier in the session, in reaction to the oil company’s below-forecast profit, was overdone.The oil major said it was watching Egypt carefully, while the head of the International Energy Agency said the global oil market does not face any emergency as Brent crude pushed beyond $100. Investors shrugged off a UK court injunction halting BP’s planned Arctic exploration partnership with Rosneft, Russia’s state oil group.Technology stocks were hot picks among investors, with Autonomy up 6.3 per cent after the enterprise search software maker reported fourth-quarter results which analysts said should provide near-term support for the shares.ARM Holdings rose 6.1 per cent after the British chip designer’s fourth-quarter results beat expectations, leading Numis Securities to raise its target price.Risk-sensitive banks firmed, with Standard Chartered up 2.8 per cent, helped by Exane BNP Paribas upgrading its rating to “outperform” from “underperform”.“I think the (fears over Egypt) have dwindled a bit. Sentiment is definitely on the up,” Mark Priest, senior equities trader at ETX Capital, said.“The ISM (U.S. manufacturing) data has generally added to a rally in the US. With the Dow rallying, I think we’ll always see the FTSE follow on.”Travel firms InterContinental Hotels and TUI Travel shed 0.9 and 0.6 per cent respectively, while midcap Thomas Cook dropped 1.4 per cent.Manufacturing activity grew at a record pace in January and price pressures also picked up, reigniting speculation the Bank of England may have to raise interest rates sooner rather than later to tame inflation.The Markit/CIPS purchasing managers’ index showed factory activity, employment and new orders all grew at their fastest clip since the survey began almost 20 years ago. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution whatsapp Tuesday 1 February 2011 8:37 pmlast_img read more

Right to the Source: Episode 2

first_imgRegulation Regions: US Subscribe to the iGaming newsletter 10th June 2020 | By Aaron Noy Topics: Legal & compliance Licensing Regulation Join us this week as we hear from data guru, Josh Hodgson, at H2, who will be talking us through this week’s covid tracker, while Ed catches up with preeminent lobbyist and industry commentator in the US gambling space, Bill Pascrell III, from the Princeton Public Affairs Group.center_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Podcast: Play in new window | Download Right to the Source: Episode 2last_img read more

Rhode Island sports betting revenue reaches $3.2m in April

first_imgSports betting Regions: Rhode Island On a month-on-month basis, revenue was down 20.0% from the $4.0m collected in March this year. Topics: Sports betting 1st June 2021 | By Robert Fletcher Sports betting revenue in Rhode Island amounted to $3.2m (£2.3m/€2.6m) in April, while the US state’s handle reached $29.0m during the month. Rhode Island sports betting revenue reaches $3.2m in April Tags: Revenue Handle Rhode Island Lottery April Revenue was 11,472.0% higher than the $27,381 generated in the same month last year, but the 2020 figures were severely impacted by novel coronavirus (Covid-19) with players only able to wager via mobile. Wagering options were also limited as the pandemic saw almost all sports events cancelled or postponed. Retail sportsbooks were responsible for $1.5m of all revenue for the month, compared to a $821,000 loss in 2020, while mobile betting was 5,927.9% higher at $1.7m. Read the full story on iGB North America. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter In terms of player spending, the state handle was up 4,810.7% year-on-year to $29.0m, but 24.7% lower than the $38.6m wagered by players in March this year. Email Addresslast_img read more

Letlole La Rona Limited (LETL.bw) 2014 Annual Report

first_imgLetlole La Rona Limited (LETL.bw) listed on the Botswana Stock Exchange under the Property sector has released it’s 2014 annual report.For more information about Letlole La Rona Limited (LETL.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Letlole La Rona Limited (LETL.bw) company page on AfricanFinancials.Document: Letlole La Rona Limited (LETL.bw)  2014 annual report.Company ProfileLetlole La Rona Limited, listed on the Botswana Stock Exchange, is a real estate development and management company that owns and operates commercial and industrial properties in Botswana which includes hotels, warehouses and factories. The focus of the company property portfolio is on industrial properties. Letlole La Rona Limited has thirteen industrial properties in its portfolio; as well as Moedi House which is a commercial property; Shoppers which is retail property; Red Square which is a residential development; and four hospitality properties which are Bosele Hotel, President Hotel, Cresta Lodge and Thapama Lodge. Letlole La Rona Limited is a subsidiary of Botswana Development Corporation Limited.last_img read more

International Breweries Plc (INTBRE.ng) 2016 Abridged Report

first_imgInternational Breweries Plc (INTBRE.ng) listed on the Nigerian Stock Exchange under the Beverages sector has released it’s 2016 abridged results.For more information about International Breweries Plc (INTBRE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the International Breweries Plc (INTBRE.ng) company page on AfricanFinancials.Document: International Breweries Plc (INTBRE.ng)  2016 abridged results.Company ProfileInternational Breweries Plc is a brewery in Nigeria which brews, packages and markets a range of beer and non-alcoholic malt beverages. The company is known for its beer sold under the Trophy brand name and non-alcoholic malt drink sold under the Betamalt brand name, namely Trophy Lager, Trophy Black and Betamalt malt drink. Other brands packaged and marketed by International Breweries Plc include Castle Milk Stout, Castle Lager, Redds, Hero, Grand Malt and Voltic Water. The company’s head office is in Osun State, Nigeria and its distribution centres are in Ibadan, Lagos and Ilorin. International Breweries Plc is listed on the Nigerian Stock Exchangelast_img read more

CAL Bank Limited (CAL.gh) HY2019 Interim Report

first_imgCAL Bank Limited (CAL.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2019 interim results for the half year.For more information about CAL Bank Limited (CAL.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the CAL Bank Limited (CAL.gh) company page on AfricanFinancials.Document: CAL Bank Limited (CAL.gh)  2019 interim results for the half year.Company ProfileCAL Bank Limited is a leading financial institution in Ghana offering products and services for the investment, corporate and retail banking sectors, as well as custodial, treasury, security brokerage, fund management and asset management services. The banking group underwrites securities and provides financial solutions for corporate finance operations, loan syndications and securities portfolio management, acquisitions and mergers, acceptance of bills of exchange, bullion dealings, export trade development and financing, hire-purchase finance and leasing. CAL Bank Limited provide a counseling and financing service for industrial, agricultural, mining, services and commercial ventures. The financial institution was founded in 1990 and is based in Accra, Ghana. CAL Bank Limited is listed on the Ghana Stock Exchangelast_img read more

ZimRe Property Investments Limited (ZPI.zw) 2019 Annual Report

first_imgZimRe Property Investments Limited (ZPI.zw) listed on the Zimbabwe Stock Exchange under the Property sector has released it’s 2019 annual report.For more information about ZimRe Property Investments Limited (ZPI.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the ZimRe Property Investments Limited (ZPI.zw) company page on AfricanFinancials.Document: ZimRe Property Investments Limited (ZPI.zw)  2019 annual report.Company ProfileZimre Property Investments is a real estate holding company in Zimbabwe offering services which include project management of residential and commercial developments, aswell as management, valuations and sales of residential, commercial and industrial property. The company has been involved in substantial infrastructural development projects including 340 residential stands in Zimre Park in Masvingo and the Parklands Extension project in Bulawayo, which involved developing 140 residential stands and road, water, electricity and sewer reticulation infrastructure. The Property Valuation division covers the range of residential, commercial, industrial and agricultural valuations; specialising in valuating petrol filling stations, hotels and leisure resorts aswell as plant and machinery valuations. Zimre Property Investments is listed on the Zimbabwe Stock Exchangelast_img read more

New Director of Fundraising at Bart’s and the London Charity

first_imgNew Director of Fundraising at Bart’s and the London Charity  25 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Howard Lake | 28 June 2007 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Caroline Lane is to take up the post of Director of Fundraising at Bart’s and the London Charity at the end of this month, after eight years as director of fundraising at Addenbrooke’s Charitable Trust (ACT).During her time at Addenbrooke’s, Lane has built a successful eight-strong fundraising team, and helped establish ACT as one of the top ten hospital charities in the UK in terms of income.She helped complete the £2 million Cambridge Breast Cancer Research Unit, funded entirely by charitable donations, and the introduction of a £1 million robotic surgeon that has revolutionised the treatment of prostate cancer at Addenbrooke’s. Advertisementcenter_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: Management Recruitment / people Also, over the last eighteen months, she has contributed to the successful transition of the charity as it moved from being the Fund & Friend’s of Addenbrooke’s to its new form of ACT.A recruitment campaign is ongoing to find a replacement for Lane. In the interim, she will be replaced by Annette Day, an experienced NHS fundraising director and consultant who joins ACT on a short-term basis.last_img read more

Happy Birthday, Norman Borlaug

first_img Happy Birthday, Norman Borlaug Facebook Twitter SHARE  By Gary Truitt Home Commentary Happy Birthday, Norman Borlaug By Gary Truitt – Mar 23, 2014 center_img March 25 is National Agriculture Day; it is also the 100th birthday of Dr. Norma Borlaug.   Through dedication and lifelong effort, Borlaug was credited with saving a billion lives and earned the title of the father of the green revolution. His pioneering research dramatically increased agricultural production in the 1950s and 60s and laid the foundation for the biotechnology revolution which has increased food production today and will well into the future. While a statue of Borlaug is being dedicated in Washington this week, there remains today, as there was in his day, criticism of his work and ideas.“He was good at something most scientists aren’t good at—public relations,” explains Ed Runge, professor at Texas A&M University. “We all need to make connections, and I think Borlaug was superb at that. He could talk to a farmer. He could talk to Indira Gandhi [the third Prime Minister of India]. He could talk to anybody.”  Much of the criticism today of biotechnology is because the developers of the technology have not been good at talking with anybody.  Dr. Borlaug’s granddaughter, Julie, has the gift of PR and is now leading a pushback against those who oppose biotechnology as the Assistant Director of Partnerships for the Norman Borlaug Institute for International Agriculture.  She told me in a recent interview that, “The fear of change is the biggest obstacle to progress.”Julie BorlaugShe calls for a change in the way biotechnology is explained and presented to the general public, “The arguments we have we used in the past have failed.” She said telling people the world will starve if we don’t adopt biotechnology is ineffective, “Nobody believes it is going to get that bad. Food shortages and mass starvation are not something most people in the developed world have experience with or can identify with.”    Furthermore, she said much of the opposition to biotechnology is rooted in a distrust of “big ag.”  She noted that people who oppose big corporations producing their food carry iPhones from a big corporation using proprietary technology.This wife and mother, while well-educated, does not use science to connect with consumers or to confront critics. She believes a more emotional approach is needed. “We need to dumb down and shorten our message,” she said. For example, she says those who oppose biotechnology are opposing woman’s rights. She says that without biotech crops woman in developing countries will continue to spend their days pulling weeds in fields by hand. She points out that by withholding biotechnology from these nations you condemn future generations of women to grinding poverty and back-breaking labor.She also enjoys talking with mothers who oppose GMO foods. She frames biotechnology in terms they can understand, “I talk about the orange juice in their refrigerator or the bread they feed their kids, and how these could disappear without biotechnology that can develop crops that are resistant to disease.” She also is a fearless crusader against myths and misconceptions about biotechnology, “You just have to walk into Whole Foods to see all kinds of examples of this; things like a sign that reads ‘GMO free salt.’”While erecting a statue to Dr. Borlaug in the nation’s capitol is nice and appropriate, a better way to celebrate his 100th birthday and honor his legacy is to continue the fight for the cause to which he dedicated his life: improving food production and availability around the world. “My grandfather always believed that investments in the next generation of people would bring solutions to future challenges,” stated Julie Borlaug.  Showing how biotechnology can improve life today and for the next generation is a great way to make that kind of investment. SHARE Previous articleIndiana Prepares for Ag WeekNext articleThe European Union’s Reluctance to Embrace GMOs Gary Truitt Facebook Twitterlast_img read more

Ghassan Saoud arrested

first_img RSF_en Ghassan Saoud, a Lebanese journalist who writes for Al-Akhbar (a Lebanese newspaper regarded as pro-Syrian), was arrested near the Omeyyades mosque in Damascus and was taken with a plastic bag over his head to a military police office where he was repeatedly kicked and insulted. He had written a series of articles about the pro-democracy uprising in which he interviewed members of the Syrian political opposition, young people and activists, and reported their views. He has been released News Organisation center_img May 6, 2011 – Updated on January 20, 2016 Ghassan Saoud arrested Help by sharing this informationlast_img read more