Retailers retirement after the shock of economic data

However, a sign that the application of luxury leather handbags seems immune to any concern of relapse, Burberry advanced 33 p £ 10.63 to claim the gold medal.

But stocks of consumers such as Unilever, which makes the Hellmann mayonnaise and Sunsilk shampoo, under pressure, falling from 50 p to £ 18.70.

On the second level, its small peer pz cussons, took the wooden spoon as investors concerned about difficult business conditions of business. PZ Cussons, making SOAP, Imperial Leather said he remained "prudent given continuous trading conditions difficult and rising prices of raw materials", but added that his prospects for the year was largely in accordance with the expectations of the market. Nevertheless, he slipped 26.6 percent 352.6.

Shore Capital analysts cut their rating from "hold" to "buy", saying it was time to make a "pause for breath. Although they remain "convinced" on the long term prospects of PZ Cussons, with strong market positions in countries such as Nigeria, which downgraded their recommendation to reflect "uncertainties ahead."

With retailers on the decline and other stocks more risky like banks and miners also favour, benchmark slipped into the red. The FTSE 100 lost 26.14 at 5917.71 points and the FTSE 250 throw 71.84 points to 11501.6.

Among sharpest fallers were minors heavyweight with Kazakhmys falling 58 p to £ 15.00, while the resources Randgold relaxed £ 48,55 180 p. Lloyds banking Group fell by 1.9 percent 63.15.

Down, was also International consolidated airlines Group (ICAG), catchy title for the combined British Airways and Iberia. He slipped 10 to 275 p, in spite of Citigroup and Nomura initiate coverage with a "buy" rating Reflecting the Anglo-hispanique spirit of fusion, Andrew Light, analyst at Citigroup, called his "Un nuevo comienzo - A New Beginning".

He undertook six main reasons to be positive for the combination of BA and Iberia, including an awaited recovery in premium traffic after three years of decline in BA and an expected decrease in airline pension deficit.

Nomura was also on the rise on the prospects for the ICAG, saying that it will be a dominant carrier routes Atlantic with number one of the market on both roads north and Latin America.

But earlier in the week, Liberum Capital analysts were less sanguine. They had slapped a ranking "sell" the carrier, pointing to an increase in the price of fuel with a wind up in stock.

With investors more cautious atmosphere, they opt for the industrial and engineering stocks, with Johnson matthey and IMI advancing 19 p £ 19.50 and 8½ to 885½p, respectively.

Another advance was resolution, as the vehicle for insurance announced a reshuffling at the top of his Friends Provident arm. Trevor Matthews is quitting as head of division, because he intends to return to his native Australia, en route to industry veteran Andy Briggs.

But the company said that it did not reflect a change in its strategy. Resolution reached 7.7 253 p.

Join the resolution in the ranking was Diageo. Giving to the author of the gin Gordon, an elevator, were positive notes of Nomura and Morgan Stanley, as well as signs of a recovery in the US spirits market.

Analysts at morganstanley kept its "overweight" rating on Diageo and plus his target price to £ 14.00 from £ 13.00. The broker said that Diageo should benefit from reduction of updating the approach of Christmas, as well as growth in Africa and Latin America. Diageo reaches 20% £ 12,41.

Among the second liners, Telecity data centre provider led charge, skipping 21.2 454,2 percent.

Bouncing back from Basinger Monday, it was Street. Printer banknote plunged earlier this week after French suitor, Oberthur Technologies, said he had travelled far bid for De La Rue, after a higher offer did not try the troubled partnership talks.

But De La Rue ticked up to 25 to 720 p yesterday, despite a downgrading of Panmure Gordon. Analyst Paul Jones, in the absence of any interest to bid, was cut to "sell", its rating "Hold'em" and reduced his price target to 566 p 800 p.

Staging of a resume, too, was hikma Pharmaceuticals. Having abandoned back earlier in the week after the announcement of an overhaul of the Commission, the pharmaceutical company focused on the Jordan won 13 875 p plus Jefferies his price target to 10.00 £ 890%.

Analysts suggest that M & A could add additional value. "After the 112 m $ (71 million from £) acquisition of Baxter, we believe that Hikma still has [nearly] firepower of 250 m $ to be used for acquisitions,"said broker."."

Slipping back, however, was Ocado. After having rallied more 21pc since the beginning of the year, online grocery retailer is fell to 11-228 p. market observers have been scratching his head about the reasons for the rise of Ocado, with an offer of Morrisons or Asda being mentioned as a possibility.

But Nick Bubb, Arden Partners, an analyst has given this theory-abused, saying: "in some respects, it would be wiser to Waitrose itself buy with Ocado, but it is difficult to reconcile with the sell at the bottom of shareholding of John Lewis's time."

"We suspect that the real answer is that an American stakebuilder is at work, though if it is an institutional fund or a company online giant with tons of cash remains to be seen", he added.

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Mr. copper finger of shock: famous commodity compresses

Sumitomo agreed in 1998 to pay a record $158 m to settle charges of illegal trade in copper and he paid a 125 m $ fine to the US Commodity Futures Trading Commission (CFTC). It is the largest civil fine ever imposed by an American organization.

Nicknamed "shock Finger", Anthony Ward pushed a huge piece of supply of cocoa in the world in July last year. Mr. Ward trade purchased firm Armajaro 241 000 tonnes of cocoa beans - enough for the manufacture of 5.3 billion quarter-pound chocolate bars.

The futures contract expired with a premium of nearly 300 pounds of July a ton on September cocoa as those of the market and unable to have captured.

A group of 16 European cocoa industry participants sent a letter to Liffe July 2 complain about speculation on the London market. Liffe is the introduction of a new trader similar to the US Commodity Futures Trading Commission (CFTC) reporting system will provide more transparency on who holds positions on the soft commodity markets.

Financiers Jay Gould and James Fisk conspired in the 1860s in a plot for the New York of angle gold market.

Aware of the plot, President Ulysses s. Grant authorized the Secretary of the Treasury to sell enough gold to wreck their plans.But speculation had already wrought havoc and caused first black nation Friday September 24, 1869.

The US Congress has been forced to include in the future act of August 1958 onions which prohibits trade of onion on the Chicago Mercantile Exchange futures. Onion prices had fluctuated wildly in 1955 $ 2.75 per 15 centimes bag - little more that the price of the bag holding the onions.

Farmers we traders alleged aircraft attempted market of onion, which led to the Act being passed from angle.

Money market has temporarily been maneuvered in 1979 and 1980, when Nelson Bunker Hunt and his brother William Herbert Hunt held derivatives of money representing about half of the world annual production of money.

In 1979 the price money is increased from $6 oz in a record time all the top of $48. 70 oz.

But the Hunt brothers had borrowed heavily to finance their purchases and that the price has dropped in the 50pc in only four days, they were unable to meet their obligations, causing panic on the markets.

In 1989, Nelson Bunker Hunt has agreed to pay penalties of up to 10 m $ and has consented to a prohibition on commercial products.

In the 1980s, Malaysia attempted to global market for angle plate, but was forced to abandon with enormous losses. He hoped to make up the price of Tin and forcing traders on the London Metal Exchange (LME) to purchase merchandise, the Malaysia, at higher prices.

But the plan failed when the LME amended some of its rules, whereas other producers provided fresh supplies and the United States has published its huge stock of Tin.

The losses of the Malaysia were never officially declared, although market estimates put as high as 500 m $.

In 2002, U.S. Sempra Energy Trader uproot nearly a month crude oil around Brent program after a commercial exchange for physical (EFP), which she swapped future Brent to send contracts that oil delivered. Most of the crude oil was shipped to China.

Sempra was one of the last classic short squeeze on the market of the North Sea before Brent pricing agency Platts introduced other types of crude oil, in the methodology of the reference index, making it impossible for a single negotiating to purchase worth a month full of crude oil.

BP was in 2004 who bought propane, almost all in the Mont Belvieu storage areas in advance, and then onto it until the end of the month, when other companies who need the gas on a pipeline North would pay for it.

In 2007, BP has agreed to pay civil and criminal penalties $ 303 million for trying to corner of the U.S. market propane, the CFTC fines in history. In return, the Government agreed to put an end to criminal probes related to propane, gasoline, crude and other trade goods. BP has also agreed to pay $52 m to settle a class action brought by the customer trial said that they have paid a price artificially inflated in April 2003 and the first half of 2004.

• Source: Reuters and agencies

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Oil shock fears as Libya erupts

 US oil contracts jumped more than $7 a barrel on Tuesday morning to over $93. Photo: REUTERS

"This is potentially worse for oil than the Iran crisis in 1979," said Paul Horsnell, head of oil research at Barclays Capital. "That was a revolution in one country, here there are so many countries at once. The world has only 4.5m barrels-per-day (bpd) of spare capacity, which is not comfortable."

US oil contracts jumped more than $9 a barrel in a matter of hours on Tuesday to touch $98, chasing Brent crude at a 30-month high of $109 as the whole global oil system is drawn into the vortex.

While Egypt is a minor oil player, Libya's Sirte Basin holds Africa's largest reserves and supplies 1.4m bpd in exports, mostly to Italy, Germany and Spain.

BP, Statoil, Total and ENI have begun evacuating families and non-essential staff from Libya. BP chief Bob Dudley told Sky News that the company has only limited exploration in Libya but "remains committed to doing business" there.

Germans oil explorer Wintershall said it was winding down its Libyan operations, but Italy's ENI has most to lose from its pipeline to Libya. ENI's stock tumbled 5pc in Milan on Monday, leading a 3.6pc fall in the MIB index.

Global oil inventories are higher than before the 2008 price spike, and OPEC can raise output if needed. It has refused to act so far despite pleas from the International Energy Agency (IEA) that the supply picture is already "alarming".

A Saudi official said global oil ministers meeting tomorrow in Riyadh will examine market "volatility", but dashed hopes of OPEC action, saying world markets are "sufficiently supplied".

Though Libya's oil fields are big enough to influence global supply, producing 2.3pc of world output, investors have broader concerns. The lighting speed of events in a country that was stable just days ago has caused markets to doubt assurances about Saudi Arabia and the Gulf states. The Gulf region ships a third of global oil output.

Credit default swaps on Saudi Arabia's debt jumped to 140 basis points on Monday, while Bahrain rose to 305 despite an olive branch from the Sunni royal family to Shi'ite protestors. The island's Grand Prix in March has been cancelled.

Fitch Ratings downgraded Libya on Monday on political risk although the 6m-strong country has foreign assets of $139bn (£85.7bn) or 190pc of GDP, no foreign debt, and a better balance sheet than Saudi Arabia.

Michael Lewis, commodities chief at Deutsche Bank, said oil markets are bracing for trouble. December "call options" with a strike price of $120 on US crude have doubled suddenly, indicating fears of a nasty escalation. "Libya raises the stakes," he said.

Mr Lewis said oil prices tend to cause economic damage at a $95 to $100 for US crude. As a rule of thumb, a sustained $10 rise in price lops 0.5pc off US growth over two years, and worse if it reaches a self-feeding tipping point. "It's like a $50bn tax," he said.

Mr Horsnell said the global energy crunch is haunting us again after a brief respite during the financial crisis. "In just two years, the world has grown so fast as to consume additional volume equal to the output of Iraq and Kuwait combined," he said.

While oil is likely to keep flowing from Mid-East states whatever the political colour of the regimes, it is less clear that global oil companies will continue to explore or invest in regions where nobody knows the rules of the game. "It matters a lot what the investment climate is for long-term fixed capital projects," he said.

The IEA has called for $30 trillion of investment in energy projects over the next 20 years to keep global growth on track and meet explosive demand from China. The task may soon be harder.

Energy & Utilities and Oil & Gas vacancies at Telegraph Jobs

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Oil shock fears as Libya erupts

 US oil contracts jumped more than $7 a barrel on Tuesday morning to over $93. Photo: REUTERS

"This is potentially worse for oil than the Iran crisis in 1979," said Paul Horsnell, head of oil research at Barclays Capital. "That was a revolution in one country, here there are so many countries at once. The world has only 4.5m barrels-per-day (bpd) of spare capacity, which is not comfortable."

US oil contracts jumped more than $9 a barrel in a matter of hours on Tuesday to touch $98, chasing Brent crude at a 30-month high of $109 as the whole global oil system is drawn into the vortex.

While Egypt is a minor oil player, Libya's Sirte Basin holds Africa's largest reserves and supplies 1.4m bpd in exports, mostly to Italy, Germany and Spain.

BP, Statoil, Total and ENI have begun evacuating families and non-essential staff from Libya. BP chief Bob Dudley told Sky News that the company has only limited exploration in Libya but "remains committed to doing business" there.

Germans oil explorer Wintershall said it was winding down its Libyan operations, but Italy's ENI has most to lose from its pipeline to Libya. ENI's stock tumbled 5pc in Milan on Monday, leading a 3.6pc fall in the MIB index.

Global oil inventories are higher than before the 2008 price spike, and OPEC can raise output if needed. It has refused to act so far despite pleas from the International Energy Agency (IEA) that the supply picture is already "alarming".

A Saudi official said global oil ministers meeting tomorrow in Riyadh will examine market "volatility", but dashed hopes of OPEC action, saying world markets are "sufficiently supplied".

Though Libya's oil fields are big enough to influence global supply, producing 2.3pc of world output, investors have broader concerns. The lighting speed of events in a country that was stable just days ago has caused markets to doubt assurances about Saudi Arabia and the Gulf states. The Gulf region ships a third of global oil output.

Credit default swaps on Saudi Arabia's debt jumped to 140 basis points on Monday, while Bahrain rose to 305 despite an olive branch from the Sunni royal family to Shi'ite protestors. The island's Grand Prix in March has been cancelled.

Fitch Ratings downgraded Libya on Monday on political risk although the 6m-strong country has foreign assets of $139bn (£85.7bn) or 190pc of GDP, no foreign debt, and a better balance sheet than Saudi Arabia.

Michael Lewis, commodities chief at Deutsche Bank, said oil markets are bracing for trouble. December "call options" with a strike price of $120 on US crude have doubled suddenly, indicating fears of a nasty escalation. "Libya raises the stakes," he said.

Mr Lewis said oil prices tend to cause economic damage at a $95 to $100 for US crude. As a rule of thumb, a sustained $10 rise in price lops 0.5pc off US growth over two years, and worse if it reaches a self-feeding tipping point. "It's like a $50bn tax," he said.

Mr Horsnell said the global energy crunch is haunting us again after a brief respite during the financial crisis. "In just two years, the world has grown so fast as to consume additional volume equal to the output of Iraq and Kuwait combined," he said.

While oil is likely to keep flowing from Mid-East states whatever the political colour of the regimes, it is less clear that global oil companies will continue to explore or invest in regions where nobody knows the rules of the game. "It matters a lot what the investment climate is for long-term fixed capital projects," he said.

The IEA has called for $30 trillion of investment in energy projects over the next 20 years to keep global growth on track and meet explosive demand from China. The task may soon be harder.

Energy & Utilities and Oil & Gas vacancies at Telegraph Jobs

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U.s. markets down on China rate shock, BoA mortgage fears

Bank of America have slipped 4 4pc after a CNBC report seeking to a consortium of eight investment firms, including PIMCO, BlackRock and the Federal Reserve Bank of New York, for to buy packaged loans in $47bn bonds.

"Wall Street is measure in real time of the crisis in mortgages, lenders loan loss" Chad Morganlander, an official money at Stifel, Nicolaus, says Bloomberg. " This additional overhang housing debacle goes to maintain financial stocks at Bay for a long period of time.»

BoA, largest in the country by assets, Bank also posted a quarterly loss United $ 7 due to changes in legislation in debit card transaction fees.

• FTSE 100 report

Blue-chip Dow Jones Industrial Average has dropped from 165.07 points, or 1. 48pc close 10,978.62 points on Tuesday, while the broader S & P 500 index lost 18.81 points, or 1. 59pc 1,165.90 points.

Rich technology Nasdaq composite index shed 43.71 points, or 1 76pc 2,436.95 points, as Apple is 2 7pc on earnings as forecast estimate and IBM dropped 3 4pc due to a decline in new contracts.

"U.s. stocks remain solidly lower technology sector provides the lion's share of the burden on equity markets", analysts of Charles Schwab told AFP.

"Interest rate first hike in China since 2007 is also the cause of a sense of discomfort and materials are some pressure, exacerbated by a strong advance in the U.S. dollar, which is weighing on denominated products."

Losses followed the decision of the Central Bank China to increase interest rates for the first time in nearly three years in efforts to curb inflation and real estate boom.

Bank of China said that it will be Wednesday increase loan Yuan a year to 5 5 31pc 56pc and yuan year drops 2 5pc 2 25pc rates.

Increasing verging on the global currency market and comes in advance of key data this week expected to show growth in the second world economy continued to slow in the third trimestre.Dans NY end trade, the pound sterling was extracted $1.5704 down from $1.5878 Monday.

Advance the dollar hit market commodities such as gold tumbled $31 $1,338 per ounce, wiping out the week gains dernière.Les oil prices fell too with Brent Crude for December delivery 4 10pc sliding to $81.10.

Shortly after the markets closed, Yahoo! said that net income has more than doubled in the third quarter of $396.1 m and revenues have increased 2pc to.$ 6bn.

The search engine giant said it expected revenue making $ 1 to. 53bn $1 in the current quarter.

The bond market has slightly augmenté.Le performance on the obligations of the US Treasury slipped 2 48pc 2 49pc Monday, while on the binding of 30 years of 10 years decreased from 3 3 93pc 90pc.

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Oil shock fears as Libya erupts

"This is potentially worse for oil than the Iran crisis in 1979," said Paul Horsnell, head of oil research at Barclays Capital. "That was a revolution in one country, here there are so many countries at once. The world has only 4.5m barrels-per-day (bpd) of spare capacity, which is not comfortable."

US oil contracts jumped $6 a barrel on Monday to over $95, chasing Brent crude, which traded as high as $108, as the global oil system is drawn into the vortex. While Egypt is a minor oil player, Libya's Sirte Basin holds Africa's largest reserves and supplies 1.4m bpd in exports, mostly to Italy, Germany and Spain.

BP, Statoil, Total and ENI have begun evacuating families and non-essential staff from Libya. BP chief Bob Dudley told Sky News that the company has only limited exploration in Libya but "remains committed to doing business" there.

Germans oil explorer Wintershall said it was winding down its Libyan operations, but Italy's ENI has most to lose from its pipeline to Libya. ENI's stock tumbled 5pc in Milan, leading a 3.6pc fall in the MIB index.

Global oil inventories are higher than before the 2008 price spike, and OPEC can raise output if needed. It has refused to act so far despite pleas from the International Energy Agency (IEA) that the supply picture is already "alarming".

A Saudi official said global oil ministers meeting tomorrow in Riyadh will examine market "volatility", but dashed hopes of OPEC action, saying world markets are "sufficiently supplied".

Though Libya's oil fields are big enough to influence global supply, producing 2.3pc of world output, investors have broader concerns. The lighting speed of events in a country that was stable just days ago has caused markets to doubt assurances about Saudi Arabia and the Gulf states. The Gulf region ships a third of global oil output.

Credit default swaps on Saudi Arabia's debt jumped to 140 basis points on Monday, while Bahrain rose to 305 despite an olive branch from the Sunni royal family to Shi'ite protestors. The island's Grand Prix in March has been cancelled.

Fitch Ratings downgraded Libya on Monday on political risk although the 6m-strong country has foreign assets of $139bn (£85.7bn) or 190pc of GDP, no foreign debt, and a better balance sheet than Saudi Arabia.

Michael Lewis, commodities chief at Deutsche Bank, said oil markets are bracing for trouble. December "call options" with a strike price of $120 on US crude have doubled suddenly, indicating fears of a nasty escalation. "Libya raises the stakes," he said.

Mr Lewis said oil prices tend to cause economic damage at a $95 to $100 for US crude. As a rule of thumb, a sustained $10 rise in price lops 0.5pc off US growth over two years, and worse if it reaches a self-feeding tipping point. "It's like a $50bn tax," he said.

Mr Horsnell said the global energy crunch is haunting us again after a brief respite during the financial crisis. "In just two years, the world has grown so fast as to consume additional volume equal to the output of Iraq and Kuwait combined," he said.

While oil is likely to keep flowing from Mid-East states whatever the political colour of the regimes, it is less clear that global oil companies will continue to explore or invest in regions where nobody knows the rules of the game. "It matters a lot what the investment climate is for long-term fixed capital projects," he said.

The IEA has called for $30 trillion of investment in energy projects over the next 20 years to keep global growth on track and meet explosive demand from China. The task may soon be harder.

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This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

U.s. markets down on China rate shock, BoA mortgage fears

Bank of America have slipped 4 4pc after a CNBC report seeking to a consortium of eight investment firms, including PIMCO, BlackRock and the Federal Reserve Bank of New York, for to buy packaged loans in $47bn bonds.

"Wall Street is measure in real time of the crisis in mortgages, lenders loan loss" Chad Morganlander, an official money at Stifel, Nicolaus, says Bloomberg. " This additional overhang housing debacle goes to maintain financial stocks at Bay for a long period of time.»

BoA, largest in the country by assets, Bank also posted a quarterly loss United $ 7 due to changes in legislation in debit card transaction fees.

• FTSE 100 report

Blue-chip Dow Jones Industrial Average has dropped from 165.07 points, or 1. 48pc close 10,978.62 points on Tuesday, while the broader S & P 500 index lost 18.81 points, or 1. 59pc 1,165.90 points.

Rich technology Nasdaq composite index shed 43.71 points, or 1 76pc 2,436.95 points, as Apple is 2 7pc on earnings as forecast estimate and IBM dropped 3 4pc due to a decline in new contracts.

"U.s. stocks remain solidly lower technology sector provides the lion's share of the burden on equity markets", analysts of Charles Schwab told AFP.

"Interest rate first hike in China since 2007 is also the cause of a sense of discomfort and materials are some pressure, exacerbated by a strong advance in the U.S. dollar, which is weighing on denominated products."

Losses followed the decision of the Central Bank China to increase interest rates for the first time in nearly three years in efforts to curb inflation and real estate boom.

Bank of China said that it will be Wednesday increase loan Yuan a year to 5 5 31pc 56pc and yuan year drops 2 5pc 2 25pc rates.

Increasing verging on the global currency market and comes in advance of key data this week expected to show growth in the second world economy continued to slow in the third trimestre.Dans NY end trade, the pound sterling was extracted $1.5704 down from $1.5878 Monday.

Advance the dollar hit market commodities such as gold tumbled $31 $1,338 per ounce, wiping out the week gains dernière.Les oil prices fell too with Brent Crude for December delivery 4 10pc sliding to $81.10.

Shortly after the markets closed, Yahoo! said that net income has more than doubled in the third quarter of $396.1 m and revenues have increased 2pc to.$ 6bn.

The search engine giant said it expected revenue making $ 1 to. 53bn $1 in the current quarter.

The bond market has slightly augmenté.Le performance on the obligations of the US Treasury slipped 2 48pc 2 49pc Monday, while on the binding of 30 years of 10 years decreased from 3 3 93pc 90pc.

View the original article here