Sunday, 29 July 2007
Sunday Business Round Up - 30 July
For your delectation, 10 interesting stories from the UK Sunday business pages, most stories relate to three issues, Market Crash, Private Equity or floods;
hat-tip for pic Fotoshearch.com
Market collapse threatens sell-offs; EMI - Says the Observer, certainly a fall in the market is going to reduce share price expectations and therefore bid prices. Will PE (Private Equity) still be able to fund its mega take-over deals
...however, Emap is still for sale - according to the Murdoch's all is not so awful, with Apax still interested in a related business, EMAP.
..and even the Guardian says ICI still in play - Dutch coming back with a higher offer, hope you bought the shares 2 weeks ago.
HSBC reporting - Bank to admit credit loans situation is getting worse. No surprise there, but an important indicator to the market. HSBC is THE most conservative of our big banks when it comes to lending. They also are more honest and admit when things are hard. Others will be in a worse position than this.
Interest rates stable?- The story here is that the Bank will hold at 5.75% because of the market fall; rather depends on whether there is a big rally this week or not. The market tens to reserve real big falls for September historically.
Oil Prices rise though - The so called 'dip' in inflation pressure is to prove a mirage, with Oil prices reaching historical highs.
So what will the effect of the flood be on Water bills? - Ignore the spin, a timely interview with Severn Trent's CEO in the Telegraph.
Floods to cost £6 billion - A nice overview of all the associated costs and the impact of negative equity. Nice part of the world to buy a house though...
Return to Longbridge - Will China mass build cars there after all?
BA to get huge fine for price fixing - Yikes, this report says it could be 50% of a year's profits. BA is certainly going through it at the moment.
Posted by CityUnslicker