Best of the Brokers for 24 September 2013 September 23, 2013 GULF KEYSTONE Canaccord Genuity retains its “hold” rating for Gulf Keystone but has raised its target price to 216p from 210p. The analyst says extra funding will be needed for production growth at the Shaikan field. HOCHSCHILD MINING UBS has retained a “neutral” rating for Hochschild Mining but increased its price target from 215p to [...]
London Report: Banks lead FTSE down on doubt about Fed policy September 23, 2013 BRITAIN’S top share index fell yesterday, led down by banks on uncertainty over the timing for an expected scaling back of US Federal Reserve monetary stimulus. Aberdeen Asset Management, among the top risers earlier yesterday after saying it expected to meet profit forecasts, pared back its gains to trade up 0.3 per cent. Traders noted [...]
New York Report: US stocks slide for three days over stimulus September 23, 2013 US STOCKS declined for a third straight session yesterday as Federal Reserve officials suggested the Fed could still begin scaling back its stimulus later this year. A looming political deadline in Washington added to pressure on the market, where losses over the past three sessions have erased the S&P 500’s 1.2 per cent gain last [...]
Any other business – 24/09 September 23, 2013 ■ Labour MPs have been queuing up to have themselves cast in plastic at their party conference – thanks to a 3D printer stall run by Microsoft. Shadow Northern Ireland secretary Vernon Coaker was among those who were happy to have their likeness printed out using a high-tech camera and a robotic arm. But some [...]
Markets muted after German poll September 23, 2013 But the probable outcome of a CDU/CSU grand coalition with the SPD may bring a long-term shift GERMANY has voted, and despite Angela Merkel’s triumphant showing, a “grand coalition” between her Christian Democrat alliance (CDU/CSU) and the Social Democratic Party (SPD) has emerged as the most likely outcome. Euro-dollar initially rose to $1.3546 in early [...]
CNBC Comment: Why active funds struggle to outperform September 23, 2013 IT’S ONLY 91 days until Christmas and, for the movers and shakers in the fund management industry, we’re close to “squeaky bum time”. This is when we begin to see who has delivered the goods, and who has to start lining up their excuses for another year of underperformance. Yet unlike in the Premiership title [...]
Daily FX: Analyst picks September 23, 2013 QUANTITATIVE STRATEGIST DAVID RODRIGUEZ My pick: Long dollar-yen Expertise: System trading Average time frame of trades: 2 to 10 weeks The dollar fell sharply against the Japanese yen and broader counterparts on the Federal Open Market Committee’s (FOMC) “no taper” call. But the fact that dollar-yen quickly recovered is telling. The pair remains in a [...]
Tesco’s Hudl could end up relegated to the playroom September 23, 2013 Priced at just £119 (and available for less if you participate in a loyalty scheme) Tesco's Hudl is certainly one of the cheaper tablets on the market. Despite offering an impressive spec for that price tag, analysts fear that it could end up as a device for children. Tesco's plans for Hudl revolve around it [...]
Microsoft’s approach to tablets is insane: They’re just doing the same thing over and over again September 23, 2013 Some analysts are decidely less excited by Microsoft's new Surface 2 tablets than the company themselves. Benedict Evans of Enders Analysis thinks the tech giant is showing signs of insanity, "doing the same thing over and over again and expecting different results". Evans warns that if Microsoft have ordered another chunk of Surface tablets, they'll [...]
Microsoft says new tablet is faster than 95 per cent of laptops today September 23, 2013 Today's second tablet release (after Tesco's Hudl), tech giant Microsoft is now unveiling its Surface 2 and Surface Pro 2 devices. Microsoft vice president surface Panos Panay says they've "been working on the second-generation of products for about 18 months". Panay says that the Pro 2 is "literally faster than 95 percent of laptops today" [...]