‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Lufthansa buys new Airbus and Boeing planes September 19, 2013 LUFTHANSA has unveiled a €14bn (£11.8bn) order for 59 wide-body jets, split between Airbus and Boeing to replace its ageing fleet as it fights to win customers from fast-growing Middle East and low-cost rivals. Yesterday’s deal will see Lufthansa launch a new and larger version of Boeing’s 777 long-range jet and expands on a sweeping [...]
The boss behind Nintendo’s gaming success dies aged 85 September 19, 2013 THE MAN who made Zelda, Donkey Kong and the Mario brothers famous died yesterday at the age of 85. Nintendo said yesterday it was mourning the “loss of the former president Mr Hiroshi Yamauchi, who sadly passed away this morning.” Yamauchi, who succeeded his grandfather at the company when it was still a playing card [...]
Northgate van rentals accelerate September 19, 2013 Van rental group Northgate’s sales were up in both Britain and Spain over the summer. From April to September, Northgate rentals in the UK increased from 43,100 to 44,700. The numbers of vehicles in the fleet increased by two per cent. In Spain, rentals rose from 32,100 in April to 33,400 in September. “This was [...]
Land Sec raises stake in leisure September 19, 2013 Land Securities has spent £104m on raising its stake in the X-Leisure Unit Trust, a fund with investments in Brighton Marina and the X-Scape indoor skiing centre in Milton Keynes. The company has steadily boosted its holding from the 12 per cent it bought last year to 95 per cent yesterday. “Eighteen months ago Land [...]
Accsys arbitration case battles on September 19, 2013 Aim-listed wood hardening technology firm Accsys Technologies yesterday said it remains “extremely confident” that arbitration brought against it by Diamond Wood China would end in its favour. Diamond Wood is seeking damages in excess of €140m (£118m) after Accsys terminated its contract but a source close to Accsys – which is run by the brother [...]
Best of the Brokers for 20 September 2013 September 19, 2013 GO-AHEAD Morgan Stanley has upgraded the bus and rail group from “equalweight” to “overweight” and raised its target price from 1,545p to 1,860p. The broker is enthused by Go-Ahead’s improving bus unit and sees an attractive free cash flow yield of 14 per cent from 2015. DAIRY CREST Make whey while the sun shines and [...]
London Report: Fed pledge lifts FTSE as mining shares tick up September 19, 2013 BRITAIN’S top share index climbed on yesterday, with the US Federal Reserve’s decision to delay a reduction in its monetary stimulus boosting investors’ appetite for risk-sensitive sectors such as miners. The FTSE 100 index tracked a rally in global equities after the Fed surprised markets on Wednesday night by saying it wanted to wait for [...]
New York Report: Wall St pauses as Fed-driven rally peters out September 19, 2013 US stocks retreated slightly yesterday as investors paused after the Federal Reserve’s decision to keep its stimulus intact sparked a rally that lifted the Dow and S&P 500 to record highs. Major US stock indexes oscillated between modest gains and losses on the heels of Wednesday’s rally, with the S&P showing a swing of less [...]
Any other business – 20/09 September 19, 2013 Market commentators were musing yesterday on the coincidence that Nomura downgraded supermarket Tesco from a ‘buy’ rating to ‘neutral’, just a day after the food superstore ended the brokership relationship between the pair. While Nomura insisted to The Capitalist yesterday that the brokerage was a completely separate part of the firm and the incidents were [...]
RBS offloading £630m worth of stake in Direct Line September 19, 2013 State-backed bank RBS is offloading a 20 per cent stake in Direct Line, expected to net around £630m (release). City AM understands the bank could get 207p to 210p for the stock, a discount of four to five per cent on the trading price. That's an 18 to 20 per cent premium on the insurer's [...]