Best of the Brokers for 07 November 2013 November 6, 2013 MEGGITT Cantor Fitzgerald has upgraded its recommendation for the engineering firm from “hold” to “buy” and raised its target price from 520p to 590p. The broker said it was impressed by efforts to improve operating metrics and that the reaction to last week’s profit warning was “severely overdone”. RSA INSURANCE GROUP Canaccord Genuity has maintained [...]
London Report: FTSE ticks down as nine-month rally loses pace November 6, 2013 THE UK’S main equity index dipped lower yesterday, with credit data group Experian slumping after its interim results, while traders said the market might stall in November after a strong run-up last month. The blue-chip FTSE 100 index, which rose four per cent in October to reach 5-month highs, closed down by 0.1 per cent, [...]
New York Report: Microsoft helps Dow to close at a record high November 6, 2013 THE Dow industrials closed at a record high yesterday, led by gains in Microsoft and encouraging European economic data, while the S&P 500 also rose but closed shy of its own record. Meanwhile the Nasdaq fell, hurt by losses in Tesla Motors and as investors readied for Twitter’s much-anticipated IPO. The benchmark S&P 500 rose [...]
Geek Speak: Hands-on review: The iPad Air November 6, 2013 @steve_dinneen iPad Air From £399 for 16GB wi-fi only Five stars Every time Apple releases a new version of the iPad, it gets harder to review. Here’s a good starting point: the iPad Air is the best tablet in the world. That’s not even a subject for debate, unless you’re the most ardent of Android [...]
Five next-gen console games to look forward to November 6, 2013 Knack | PS4 Knack is published by Sony and was made in cooperation with legendary game designer Mark Cerny. The plot is based on a war between mankind and Goblins. Knack is a peculiar creature with mysterious powers – and he’s on the humans’ side. It’s an action platform extravaganza. The Order 1886 | PS4 [...]
Call of Duty: Ghosts smashes onto shelves with $1bn of sales November 6, 2013 Video game Call of Duty: Ghosts has seen a staggering £620m (that's over $1bn) of retail sales on its first day, according to the games publisher. The game went on sale at 15,000 locations around the world at midnight last night. The figure refers to "sell-in" to retailers – it doesn't correspond to a "sell-through" [...]
Niesr estimates GDP growth in three months to October but pace is slower November 6, 2013 UK GDP rose by 0.7 per cent in October, marking another slight slowing in growth after September's 0.8 per cent growth and August's 0.9 per cent. Think tank Niesr released the growth estimate, which is for the three months to October. This morning, we saw industrial production of UK firms rise by 0.9 per cent [...]
UK and South Korea commit to doubling trade by 2020 November 6, 2013 Business secretary Vince Cable and South Korea's minister of trade, industry & energy, Yoon Sang-jick, have agreed to double trade and foreign direct investment between the UK and South Korea by 2020. The commitment was made this morning at the inaugural Joint Economic and Trade Committee. Business secretary Vince Cable said: UK goods exports to [...]
Competition and Markets Authority appoints host of new directors November 6, 2013 The Competition and Markets Authority (CMA) has appointed seven new directors, following on from earlier appointments to the CMA board and senior team. The CMA is a non-ministerial government department which seeks to reduce anti-competitive practices. The body was launched on 1 October of this year to replace the competition commission, and the office of [...]
Lloyds launches internal forex trading review November 6, 2013 Lloyds Banking Group confirmed this morning that it has launched an internal review into its own currency trading over recent years, as several big banks find themselves amidst foreign exchange manipulation probes. "We are aware that a number of regulatory and enforcement authorities are investigating foreign exchange trading and, as a result, we believe it [...]