THE TIPSTER October 16, 2011 WEDNESDAY will see Sports Direct kick-off its figures with a trading statement, and it seems that expectations are good. Despite the retail slump, its projected earnings growth is 20 per cent a year for the next two years. Broker Panmure Gordon recently put a 300p price target on it. Capital Spreads quotes 230.6p-232.8p. Xstrata gives [...]
LOOKING FOR SIGNS OF HOPE October 16, 2011 THE Eurozone is in dire need of a quick capital injection, perhaps €2 trillion, says economist Nouriel Roubini. Roubini is not the only economist alarmed by the Eurozone’s banking system. Even outgoing ECB head Jean-Claude Trichet said recently that the systemic crisis must be decisively tackled, as the interconnectedness threatens the Eurozone’s financial stability, and [...]
Companies really can be built upon trust October 16, 2011 I WAS studying at London Business School last year with every intention of becoming a banker when I graduated,” says Nitzan Yudan. “Then my wife wanted to go on holiday to Bruges and since I was a student money was pretty tight, so I was looking for ways to make a bit of extra money.” [...]
Some business partnerships don’t work October 16, 2011 AMERICAN oil magnate John D. Rockefeller said: “A friendship founded on business is better than a business founded on friendship.” And there are countless stories of business partnerships going bad. Steve Jobs famously teamed up with John Sculley only to be fired by him two years later (pictured right). Facebook founder Mark Zuckerberg’s falling out [...]
FTSE pegs back on global growth woes October 13, 2011 THE UK’s top share index retreated from a key technical level yesterday, with bank stocks hammered after being hit by a downgrade from credit rating agency Fitch just a week after rival Moody’s. Barclays fell 7.4 per cent, while RBS closed 6.4 per cent lower and Lloyds lost 5.5 per cent. Trade data from China [...]
Weak results slow Wall Street October 13, 2011 THE Dow and S&P 500 slipped yesterday after JP Morgan’s earnings and China’s soft trade data revived worries about the impact of slower growth on profits. The declines put an end to three straight days of gains that capped off a 12 per cent increase in the S&P 500 since hitting a low on 4 [...]
Retreating to the safety of the krone October 13, 2011 SINCE the Swiss National Bank’s (SNB) decision to de-facto peg the Swiss franc to the euro on 6 September, investors have been scrambling for alternative safe havens in order to allocate part of their liquid cash position. Gold’s violent drop in value during the second half of September has made this quest for safety even [...]
FTSE rises as miners gain and euro hope pushes bank stock October 12, 2011 STRONG miners and banks boosted Britain’s top shares yesterday, keeping the index on an upward tilt, underpinned by progress in tackling the Eurozone sovereign debt crisis and recent upbeat US data. The mood, already elevated by hopes European leaders will unveil new measures to solve the crisis by the month’s end, was further lifted when [...]
Traders chase a rare market rally October 12, 2011 US STOCKS rose yesterday as Europe’s progress toward bolstering its financial rescue fund brought more battle-weary investors back into the market. Momentum buying was partly in play, analysts said, as investors tried to latch on, or catch up with, what they hoped was a lasting rally, which has been a rare trend this year. The [...]
Entrepreneurs: born or made with an MBA? October 12, 2011 DO not let Steve Jobs’s gown fool you in this photo. The recently departed, near-legendary founder of Apple and Pixar never finished his undergraduate degree, let alone got an MBA. In this picture, he is giving Stanford University’s 2005 commencement address. In the speech, he told his audience that he “couldn’t see the value” in [...]
