The upper bound is set by the economy. Consumers and companies alike are still deleveraging, or paying down debts rather than investing or spending, after the pre-crisis debt binge. US economic growth is so anaemic, with payrolls actually beginning to fall once more, that no one has any true confidence that sustainable economic growth has returned. Without this, risky assets cannot prosper.

Google are supporting the launch with a promotion to @UK PLC’s customers (with a total in-kind value of £10m), to encourage those customers to increase their Google-based advertising and traffic through the platform.

“Since February 2010, Centamin has added a further two million ounces of gold reserves to the Sukari project. The additional grade control and the ongoing pit optimisation work continues to demonstrate the robust nature of the Sukari orebody. We believe that the orebody remains open to the north and at depth, and we will continue to drive additional growth to Sukari’s reserves and resources as the drilling campaign continues.”

In an attempt to tap into the intense hostility towards the banks on both sides of the Irish border they branded bankers as “criminals” and said: “We have a track record of attacking high-profile economic targets and financial institutions such as the City of London. The role of bankers and the institutions they serve in financing Britain’s colonial and capitalist system has not gone unnoticed.

“Let’s not forget that the bankers are the next-door neighbours of the politicians. Most people can see the picture: the bankers grease the politicians’ palms, the politicians bail out the bankers with public funds, the bankers pay themselves fat bonuses and loan the money back to the public with interest. It’s essentially a crime spree that benefits a social elite at the expense of many millions of victims.”

Rply 2 9 direct messages. FTAlphavll’ Superb source 4 research Well respected website Financial Times A must subscription for city brokers.

Both talking it up post meeting competitor ADM who are talking about a positive HFCS pricing round.

Have picked up that ADM have been saying that 1.4m tonnes of HFCS going into Mexico vs Tates last comment of 1m tonnes

..a 40% uplift is very material as it helps tighten capacity utilisation as we go into the business end of the year with the annual sweetener negotiations

Tate H1 IMS confirmed for the 30th…

Stock bounced 15% since we revisited it a few weeks ago

Termination of Broking Agreement with Mirabaud Securities

The Board of Directors of Regal announces that it has terminated its agreement with Mirabaud Securities, who with immediate effect, will no longer act as broker to the Company.

Confirmation of the plan is contained in a 6 August letter sent to the company’s non-executive chairman Keith Henry from Mirabaud Securities, Regal’s broker.

Andrew Rose, finance director of Gulfsands Petroleum, was pictured on page one of the Evening Standard riding a scooter to get to his office.

Transport for London had urged commuters to find alternative forms of transport to avoid the disruption caused by the walkout.

He said: “I think anybody in that position would be surprised to see themselves in the paper. If I’d known, I would’ve smiled. My daughter saw it first and then when my colleagues saw it they convulsed with laughter. I’m thankfully back on the Tube now.” Mr Rose, whose business has a market value of £350 million, said he had learned valuable lessons on his journey last Tuesday to Gulfsands Headquarters off Regent Street.

“Normally I take the Tube and walk to my office like any sane human being,” he said.

“On a scooter you realise how many hills there are in London that you never knew about, how weak your legs are and that traffic holds no prisoners.”

Mr. King also indicated that if the recovery does falter markedly, the Bank of England can take further action to stimulate the economy, helped by credible monetary policy. He made no reference to inflation, preferring to focus on what the Bank of England can do to help the economy going forward.

As such, Mr. King’s speech reinforces our view that Bank of England is most likely to keep interest rates down at 0.50% during the rest of 2010 and much of 2011. We forecast the first interest rate hike to 0.75% to come in the fourth quarter of 2011 and see interest rates still only at 1.00% at the end of next year. Indeed, we would not rule out interest rates staying down at 0.50% until 2012.

Indeed, if the Bank of England does act at all in the near term, we believe it will most likely be to revive Quantitative Easing in the face of faltering economic activity and persistently tight credit conditions.