Jamie Dunkley

Michael Page profits warning as jobs market collapses

The Telegraph (Free subscription) | yesterday

By Jamie Dunkley Last Updated: 9:28AM GMT 04 Dec 2008Michael Page InternationalThe company said pre-tax profit was likely to be about £136m, below consensus forecasts of £150m. Michael Page has seen the UK and US jobs markets slow in recent months, with demand falling for permanent hires in the financial, retail and legal sectors. The company said loss of confidence in the wider economy...

Markets slide as economic gloom deepens

The Telegraph (Free subscription) | 20/11/2008

Markets slide as economic gloom deepensThe FTSE 100 has fallen by over 2pc in London today as economic news from around the world signalled a sharp slowdown next year. By Malcolm Moore and Jamie Dunkley Last Updated: 2:48PM GMT 20 Nov 2008 FTSE 100 slides further as economic gloom deepens The index was down 91 points at 3914 in afternoon trading, led by mining company Schroders, miner...

easyJet shares tumble as Sir Stelios dispute deepens

The Telegraph (Free subscription) | 18/11/2008

By Jamie Dunkley Last Updated: 1:22PM GMT 18 Nov 2008EasyjetIt comes after the company reported a 45pc fall in pre-tax profits to £110m for the year to September 30, blaming higher fuel costs and warning next year would be "difficult". The airline added that it would now be focusing on controlling costs, including reductions in "ownership, maintenance, crew and fuel burn", although it...

Centrica to review wind farms as costs mount

The Telegraph (Free subscription) | 14/11/2008

By Jamie Dunkley and Russell Hotten Last Updated: 7:26PM GMT 14 Nov 2008CentricaWind farms are key to the UK meeting its targets to reduce carbon emissions and any suggestion that Centrica might delay or even shelve projects would alarm the Government.Centrica insisted yesterday that it was committed to its wind farm programme, which had initial costings of at least £3bn. However, the...

Barclays close to Middle Eastern cash injection

The Telegraph (Free subscription) | 31/10/2008

Barclays close to Middle Eastern cash injectionBarclays is understood to be close to securing a capital injection worth more than £6.5bn from Middle Eastern governments, including Qatar and Libya as early as today, in a move that would boost the bank's balance without having to turn to the Government for cash. By Jamie Dunkley and Richard Tyler, Enterprise Editor Last Updated: 12:05AM...

• Barclays turns to Middle East for cash boost - Financial Time
• Barclays in £6.5bn boost - The Independent

Shell appoints Peter Voser as next chief executive

Royal Dutch Shell plc .com (Free subscription) | 29/10/2008

Shell appoints Peter Voser as next chief executiveOct 29th, 2008 by . DAILY TELEGRAPHRoyal Dutch Shell shares jumped 12pc after it revealed that chief financial officer Peter Voser will take over as the company’s chief executive next July.By Jamie Dunkley Last Updated: 6:51PM GMT 29 Oct 2008 Peter Voser, left, pictured with Jeroen van der Veer Photo: GETTY Mr Voser, 50, will succeed Jeroen...

Britain may need zero per cent interest rate says top economist Charles Goodhart

The Telegraph (Free subscription) | 27/10/2008

By Jamie Dunkley and Chris Irvine Last Updated: 7:22AM GMT 27 Oct 2008Charles Goodhart, a founding member of the Bank of England's Monetary Policy Committee, made the claims speaking to Channel 4's Dispatches programme.Mr Goodhart, Professor Emeritus of Banking and Finance at the London School of Economics and a member of the MPC between 1997 and 2000, said: "Interest rates will go down...

• Pressure on Britain for early rate cut - The Australian
• Bank of England under pressure for early cut in interest rate - Times Online
• See the 4 articles on the same subject

Bank of England is under increasing pressure to make an emergency interest rate cut

The Telegraph (Free subscription) | 26/10/2008

By Jamie Dunkley Last Updated: 9:45PM GMT 26 Oct 2008Dr Gerard Lyons, chief economist at Standard Chartered, said an "immediate inter-meeting cut" was needed, calling for the Bank to cut rates by at least 1 per cent. The growing sense of urgency is being fuelled by expectations that the US Federal Reserve will slash rates to 1 per cent at a two-day policy meeting this week.However, despite...

Oct 24 1929: Wall St crash

The Telegraph (Free subscription) | 24/10/2008

Oct 24, 1929: Wall St crashAs the countdown to Halloween draws nearer, superstitious traders might want to take note of events that took place 79 years ago today – the omens facing global markets are eerily similar to those surrounding the 1929 Wall Street Crash. By Jamie Dunkley and Amy Wilson Last Updated: 6:37PM BST 24 Oct 2008 October 24, 1929 - a date to remember The crash of 1929,...

• The 79th Anniversary of Black Tuesday - C.S. Hayden's Blog
• October 24 1929: start of Wall Street crash - The Telegraph

October 24 1929: start of Wall Street crash

The Telegraph (Free subscription) | 24/10/2008

October 24, 1929: start of Wall Street crash As the countdown to Halloween draws nearer, superstitious traders might want to take note of events that took place 79 years ago today – the omens facing global markets are eerily similar to those surrounding the 1929 Wall Street Crash. By Jamie Dunkley and Amy Wilson Last Updated: 3:54PM BST 24 Oct 2008 October 24, 1929 - a date to remember...

Sterling tumbles below 1.60 and FTSE 100 falls as UK nears recession

The Telegraph (Free subscription) | 24/10/2008

By Jamie Dunkley Last Updated: 8:17AM BST 24 Oct 2008 of CompaniesFTSE 100FTSE 250Today's move, which has seen sterling drop more than 2 cents against the greenback and lose ground against the euro, leaves the currency down more than 12 cents against the dollar so far this week. The FTSE opened down more than 3pc in London, with mortgage lender HBOS and miner Xstrata leading the decliners....

Sterling tumbles below 1.60 as UK nears recession

The Telegraph (Free subscription) | 24/10/2008

Sterling tumbles below $1.60 as UK nears recessionSterling hurtled through the $1.60 for the first time in five years this morning ahead of official figures that are expected to show that Britain is moving closer to its first recession since the early 1990s. By Jamie Dunkley Last Updated: 7:31AM BST 24 Oct 2008Today's move, which has seen sterling drop more than 2 cents against the greenback...

FTSE 100 closes up on hopes of cut in Opec oil output

The Telegraph (Free subscription) | 23/10/2008

By Richard Spencer in Beijing and Jamie Dunkley in London Last Updated: 5:27PM BST 23 Oct 2008 of CompaniesFTSE 100FTSE 250Shell rose 5.6pc to £14.99 and BP 5.2pc to 465p, helping the index of leading shares to rise 46.94 points to 4087.83 in another day of volatile trading. Oil prices rebounded $2.43 to $66.95 in London on the prospect of a cut in production by the OPEC cartel when it...

FTSE 100 weaker after heavy falls in Asia

The Telegraph (Free subscription) | 23/10/2008

By Richard Spencer in Beijing and Jamie Dunkley Last Updated: 8:12AM BST 23 Oct 2008 of CompaniesFTSE 100FTSE 250Britain's index of leading shares was down more than 20 points at 4020 in early trading in London. The weaker open follows the FTSE's 4.5pc drop yesterday. The blue-chip index is now down 37 pc this year. Markets across Asia were hit hard overnight and on Wall Street the Dow...

Insurers reveal exposure to hurricane season

The Telegraph (Free subscription) | 21/10/2008

By Jamie Dunkley Last Updated: 9:01AM BST 21 Oct 2008Chief executive Richard Ward said the losses cover both on and offshore claims and would have a "negligable impact" on Lloyd's capital with no Central Fund exposure. The fund is used to cover insurance liabilities when members have insufficient assets to meet them. Lloyd’s insurer Chaucer also admitted it faced a £55m loss, net of reinsurance...