ETX Capital - The Times - Gilts: U.K. Government bonds rallied after the latest economic data from America heightened concerns about the health of the U.S. economy. The June gilt future settled 54 ticks higher at 118.7, underperforming bunds a day after the Bank of England was upbeat about the U.K. economy. In the cash market, the yield on ten-year gilts fell six basis points at 1.86%.
Bet of the day: Spread-betters were selling gold as its price fell for a sixth day. A stronger dollar and less voracious demand for commodities generally have combined with share prices running to their best in years to diminish the attraction of bullion for investors, prompting funds to cut positions.
Deal of the day: Though Black Mountain Resources marked time at 9p, the AIM miner hit high-grade silver at its New Departure project in Montana in the U.S. Production is due to start there before July, providing the company with its first revenue. Westhouse kicked off coverage recently by urging clients to buy shares on which it set a target price of 23p.
Lottery has raised more than £30 billion in 18 years: When the National Lottery was launched by Camelot in 1994, it was predicted to raise about £1 billion a year for good causes. It was revealed that the amount raised over the past 18 years had passed £30 billion.
Trinity Mirror buoyed by ad prospects: Shares in Trinity Mirror surged 12% as a fall in advertising revenue eased off in the first four months of the year. The publisher of the Daily Mirror said that revenue had shrunk 13% in January and February but recovered to 7% lower in the subsequent two months.
Property fraudster Achilleas Kallakis given extra four years: A flamboyant Greek property fraudster who conned two banks into lending him more than £750 million will be locked up for an additional four years after a court ruled that his original sentence was not harsh enough.
North Yorks potash mine ‘will drive the tourists away’: Plans for the world’s biggest potash mine in the heart of the North Yorkshire Moors could blight tourism in the area for years to come, a study has concluded. The planning process for the £1.1 billion project, situated on a wooded site at Sneaton on the edge of the national park four miles from Whitby, is heading for its denouement this summer.
Fury on Sandbanks as ‘garish’ Tesco prepares to set up shop: It is one of the most exclusive property enclaves in Britain but residents of the Sandbanks peninsula in
Poole have been unable to keep out one unwelcome interloper: Tesco. The former sandbank, which sticks out like a bejewelled finger into Poole Harbour, is one of the most expensive places in the world to live.
Dell plunges to earth despite head in clouds: Dell’s profits fell 79% in the first quarter as the computer manufacturer’s attempts to stem a collapse in the PC market were less effective than hoped.