ITV expects ad revenues to rise in wake of positive results November 19, 2013 ITV has released encouraging figures in its interim management statement. Total revenue for the nine months ended 30 September rose by five per cent and non-advertising revenues climbed 11 per cent to £810m. Broadcast & online revenues were up three per cent, driven by a one per cent rise on non-advertising revenues. Online, pay and [...]
Tui Travel to buy two Dreamliners as it sells stake in UK air traffic controller November 19, 2013 Tui Travel has said this morning that it is selling the majority of its interests in The Airline Group for £38m. It also announced its plans to buy two Boeing Dreamliner jets. (Release) Tui is to sell 87.4 per cent of its stake in Airline Group, a shareholder in UK air traffic controller NATS, to [...]
EasyJet sees 51 per cent profit jump but is less optimistic about 2014 November 19, 2013 EasyJet has announced a profit jump of 51 per cent, with profit before tax at £478m in the year to 30 September. This morning, it topped the FTSE 100 risers, with shares up over six per cent. The increase sees the budget airline smash its profit record for the third year in a row. Total revenue [...]
What you need to know before the open – 19/11 November 19, 2013 A lower open for European equity markets this morning, after they saw some of their best levels in five years yesterday. The DAX, S&P 500 and Dow all hit record highs. In terms of notable data today, investors await Germany's Zew survey at 10am. The survey measures business confidence, and is expected to show that [...]
China’s bold reform plan won’t halt growth slide November 18, 2013 Reform of state-owned enterprises may boost productivity but politicised decisions will continue Euphoria over the reform agenda released by China’s Communist Party on Friday helped push global shares to a six-year high yesterday. Chinese stocks listed offshore rose by 6 per cent, their best trading day in two years, while domestic shares increased by 2.9 [...]
Fundamental analysis is a vital weapon –if you keep on top of the data November 18, 2013 AFTER last week’s focus on technical analysis in forex – where I looked at how analysing charts and data trends can assist a trader’s performance – this week, I’ll consider another important element in trading forex: fundamental analysis. Fundamental analysis is the interpretation of statistical reports and economic indicators. Interest rates, employment reports, and the [...]
CNBC Comment: Romania risk hinges on euro fine print November 18, 2013 COUNTRIES once fell over each other to gain membership of the exclusive Eurozone club. But following four bailouts, the rich crowd now looks more like a liability. Romanian Prime Minister Victor Ponta’s face twisted into a wry smile when I asked him if he is waiting to see how the Eurozone appears in several years’ [...]
DailyFX: Analyst picks November 18, 2013 CURRENCY ANALYST CHRIS VECCHIO My pick: Stopped flat on euro-dollar and Aussie-dollar, long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days Both my short Aussie-dollar and euro-dollar positions started off strong, but were both stopped out at break-even after Janet Yellen made clear her intent [...]
Dot London to give Foxtons extra boost says Canaccord Genuity November 18, 2013 London focused estate agents, Foxtons, is set to benefit from the new dot London domain name, according to Canaccord Genuity. The US body responsible for domain names, ICANN, approved the dot London suffix last week. The Evening Standard reported that the domain named will need to be renewed every year for a fee, which London [...]
US home builder confidence holds steady in November despite economic uncertainty November 18, 2013 US home builders are continuing to have a rough time of it. The National Associtation of Homebuilders (NAHB) housing market index was flat in November, at 54, from 54 in October, which was revised down from 55. Confidence in the sector remains low amid rising construction costs, and the index continues to be at the lowest [...]