Misplaced optimism in the European markets January 14, 2013 EUROPEAN equities yesterday took a knock, finishing the session at a near one week low. As reports of lackluster demand for Apple’s iPhone 5 triggered a sell-off in US markets, some investors on this side of the Atlantic followed suit and booked profits on the recent strong bull-run in the European market. Disappointing demand for [...]
The Tipster | Punch Drunk January 14, 2013 ALTHOUGH shares in J D Wetherspoon are up by 24 per cent over the last year, continued pressure on its margins, and no major sporting events in 2013, mean that it may not be a cheerful year for the pub chain. ETX Capital quotes a price of 516.22p-519.78p. Shares in ASOS more than doubled in 2012. [...]
Little Christmas cheer for retail January 14, 2013 Chief Market Strategist, Cantor Index THE official retail activity figures, which are posted monthly or at specific times like Christmas, are accurate but often indecipherable to the layman. The small print is where the message is. And the most recent figures suggest that Christmas was great for some, but brutal for others. The situation was [...]
Improved outlook rouses investors January 14, 2013 US housing revival could give boost to sales of associated products WE’RE off to a flying start. The first full week of trading in 2013 saw US equity funds attract $18.3bn (£11.4bn). This was, according to Thomson Reuters’s Lipper service, the fourth best-performing week for net inflows to equity funds since records began. For the [...]
Analyst picks for 15 January 2013 January 14, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Keep an eye on Japanese yen pairs Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days I am focused on yen pairs. Traders have already priced in ultra-dovish policies from the Bank of Japan (BoJ), and there is an argument that the [...]
Wall Street gets back to business as first full week of earnings starts January 13, 2013 AFTER over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street. The first full week of earnings season is dominated by the financial sector – big investment banks and commercial banks – just as retail investors, free from the fiscal cliff worries, have [...]
UK consumer price index is forecast higher January 13, 2013 UTILITY prices are expected to have lifted the UK’s consumer price index (CPI), the household spending index due out tomorrow along with a swathe of housing and retail data. “We expect CPI inflation to have edged up to 2.8 per cent year on year in December from 2.7 per cent, and retail price index (RPI) [...]
Boutique banking with an entrepreneurial itch January 13, 2013 MOST people would laugh at someone in their mid-twenties with ambitions of launching their own investment bank. That was the reaction Manish Madhvani received. But with partner Hugh Campbell, the two bankers shrugged off scepticism and, in 1999, founded GP Bullhound, a boutique investment bank giving mergers and acquisition advice and raising capital for tech [...]
MasterChef confessions: Why creativity kicked me out the kitchen January 13, 2013 IT COULD’VE been the most embarrassing thing I’ve ever done, but I decided to do it anyway. The offer was to appear on the TV series Celebrity MasterChef, and the main problem was that I could cook about as well as I can speak Swahili. But that oft-repeated mantra of “take yourself out of your [...]
Short-term leases for start-up stores January 13, 2013 FIGURES from the British Retail Consortium tell a story familiar to any casual high street visitor. As of November 2012, 11.3 per cent of all UK shops lay empty, with shopping centres laid waste by the collapse of Woolworths, Comet, and Jessops. This isn’t exactly good news for newer retailers. The reasons behind the fall [...]
