Any Other Business – 25/09 September 24, 2013 The DVLA reckons it can raise a king’s ransom when it auctions off the car number plate SU11 TAN later this week. The agency has set a £1,500 reserve but thinks that demand for the regal plate could come closer to its record-breaking £113,000 sum for the 1 HRH plate four years ago thanks to [...]
Best of the Brokers for 25 September 2013 September 24, 2013 AMEC UBS has cut its rating on the engineering group to “neutral” and lowered its price target from 1,200p to 1,145p. The broker raises concerns about a possible slowdown in Amec’s end-markets and believes earnings momentum, once acquisitions are stripped out, is likely to head lower. CAPITA Panmure Gordon keeps its “hold” recommendation and 950p [...]
London Report: FTSE reverses slide despite US uncertainty September 24, 2013 BRITAIN’S top share index halted a two-day slide yesterday but a selloff in cruise operator Carnival and uncertainty about the US fiscal outlook curbed investors’ appetite. Shares in Carnival fell 5.6 per cent in volume nearly four times its average for the past three months after it warned about a possible loss for the current [...]
New York Report: Stocks fall for a fourth straight session in US September 24, 2013 THE DOW and S&P 500 ended lower yesterday, extending their recent slide to a fourth session as worries over a possible US government shutdown added to investor caution. Although uncertainty remains over the Federal Reserve’s intentions to scale back its stimulus since its decision last week to leave its current programme unchanged, some of the [...]
The simple strategy to profit from US dog stocks September 24, 2013 But those buying the 10 worst-performing stocks in the S&P 500 in September should remember that it’s wise to bank gains early THIS is possibly one of the simplest investment strategies ever devised. It is also one of the most profitable. All you need to do is the following: at the end of September each [...]
How the Fed data leak illustrates the problem of central bank power September 24, 2013 One chart has the US' Federal Reserve worried that it has a secrecy problem. Research from Nanex shows that trades were made on data at exactly the same time in both Chicago and New York at the time of the Fed's "no taper" decision last Wednesday. That should be impossible, even with the latest technology [...]
Warnings that Labour proposals could result in fuel shortages and capital flight September 24, 2013 Business groups have slammed Labour leader Ed Miliband's speech as laying out an irresponsible approach to British business. CBI director-general John Cridland has said that the proposals are a "setback for Labour's pro-enterprise credentials". Cridland says that suggestions that business rates should be frozen with revenues from higher corporation tax rates are "divisive" and that [...]
Market says Labour won’t win in 2015: Energy shares barely move on price fix announcement September 24, 2013 Markets have been moved by Ed Miliband's pledge to ban energy price increases for 20 months if is elected. But the changes are minute. If a Prime Minister were to make this claim in office we'd expect a much harsher drop. So either Miliband's promise isn't seen as credible or his chances aren't that strong.
Slight miss as US economic confidence falls September 24, 2013 US confidence in economic activity for September has fallen to 79.7 from August's figure of 81.8, missing expectations of 79.8 per cent. BREAKING: US Consumer Confidence slows as Bernanke confuses the country — Keith McCullough (@KeithMcCullough) September 24, 2013 And if you don't think confidence matters you have not looked for a job lately. [...]
Ed Miliband to ban energy price rises for two years September 24, 2013 Ed Miliband today said he would make it illegal for energy companies to increase the price they charge for gas or electricity during the first 20 months of a Labour government. All UK homes and businesses would benefit from the move, which Labour believes would cost major energy companies £4.5bn. Miliband will also commit to [...]