Best of the Brokers for 05 November 2014 November 4, 2014 HALFORDS Cantor Fitzgerald reiterated its “hold” rating ahead of the firm’s interim results, due tomorrow. The broker said Halfords’ cycling business “should have benefited from the better summer weather” and busy calendar of major cycling events. PHOENIX IT GROUP Westhouse Securities reiterated its “buy” rating after Phoenix announced its participation in Microsoft’s new Cloud Solution [...]
Lower oil prices hit FTSE after Saudi cuts costs – London Report November 4, 2014 BRITAIN’S top equity index yesterday edged lower, hit by losses in heavily weighted oil and gas stocks after the price of Brent crude slid to its lowest point in four years. Falls in the oil and gas sector stripped 30.6 points off the FTSE 100, which closed down 34 points, or 0.5 per cent, at [...]
Dow rises but S&P 500 and Nasdaq slide – New York Report November 4, 2014 THE S&P 500 and Nasdaq ended lower yesterday as another big drop in oil prices dragged down energy shares and Priceline’s earnings forecast disappointed. The Dow Jones industrial average rose 17.6 points, or 0.1 per cent, to 17,383.84, the S&P 500 lost 5.71 points, or 0.28 per cent, to 2,012.1 and the Nasdaq Composite dropped [...]
Jean-Claude Junker slams David Cameron and Italian PM Mario Renzi November 4, 2014 Jean-Claude Junker has hit out at David Cameron and Italian Prime Minister Matteo Renzi for their confrontational stance toward the EU. The European Commission President said David Cameron's account of the situation in Brussels was "not correct" and that he "didn't like the way several prime ministers were behaving after the European Council". David Cameron [...]
2014 US midterm elections: Will Libertarian Party candidates spoil a Republican win? November 4, 2014 As millions of Americans go to the polls to elect a slew of senators, governors and representatives it looks as though Republicans are in for a good night. Republicans are guaranteed to retain control of the House of Representatives which they have held since 2010. The real contest to look out for is the Senate [...]
Brent crude oil price just fell to its lowest in four years after Saudi Arabia slashed contract price for US November 4, 2014 The price of Brent crude oil dropped to a four year low today, after Saudi Arabia unexpectedly cut its contract price for customers in the US. As the world's largest exporter of the commodity, Saudi Arabia's move represents an intensification of the battle between countries to gain control over global energy markets. It [...]
Now there’s an “Uber for laundry” for Londoners as Rocket Internet launches ZipJet November 4, 2014 Calling all those who hate doing laundry (that’s most of us) or those too lazy to get their washing done (students). There's now a solution to your problem which means you can spend more time with your feet up, rather than matching up odd socks. A new app has launched in London that offers pick-up [...]
Airbnb CEO Brian Chesky: “We want to be regulated because to regulate us would be to recognise us” November 4, 2014 Six-year-old spare room rental app Airbnb has enjoyed an almost meteoric rise – along with Uber, it has become the tip of the spear of the so-called "sharing economy". The firm reached a $10bn (£6bn) valuation in April as part of a fundraising round where it received a $450m investment led by TPG Capital. Peter [...]
Is there a cure for Ebola? Inhaled vaccine could provide answer to injection worries of GSK, NewLink and Johnson & Johnson November 4, 2014 Could a newly-developed inhaled vaccine soon be used to stop the spread of Ebola between humans in west Africa? Developed by a team of researchers at a university in Texas, it has already been shown to provide long-term protection for non-human primates against the deadly virus. The formulation took seven years to create, and [...]
Sex, drugs and EU tolls: Why that £1.7bn bill is a gift to politicians November 4, 2014 Whichever way you look at it, the £1.7bn EU ‘toll-tax-bill’ is a fabulous win-win-win. The EU gets more revenue, the UK gets an increased rebate and the UK political parties have a PR gift from which to debate what the EU really means for the people and economy of the UK. The child in me [...]