City Moves for 05 November 2013 | Who’s switching jobs November 4, 2013 RBS The bank’s real estate management division, part of its global restructuring group, has announced the hire of Jessica Way as a senior asset manager. She was most recently at Aviva Investors, where she was a real estate asset manager for its property trust. Chadbourne & Parke The advisory firm has recruited Nikolai Mikhailov as an [...]
Best of the Brokers for 05 November 2013 November 4, 2013 SPIRIT PUB COMPANY Numis reports that Spirit Pub Company has achieved its goals from refinancing; consequently, 70 per cent of A1 and 50 per cent of A3 bond notes will be converted into A6 and A7 bond notes. The broker has maintained its buy rating for the stock with the target price of 100p. DE [...]
London Report: HSBC lifts FTSE as Ryanair and Weir Group sink November 4, 2013 BRITAIN’S FTSE 100 share index pushed ahead yesterday, as its biggest stock HSBC rose after solid results, outweighing weakness in the airline and engineering sectors following profit warnings. HSBC advanced 2.3 per cent in its biggest one-day rise in four months after quarterly profits rose by a tenth, year-on-year, meeting analyst expectations and reassuring investors [...]
New York Report: Blackberry hits a 10-year-low with new boss November 4, 2013 US STOCK indexes were little changed yesterday in belowaverage trading volume, while shares of Blackberry plummeted to a 10-year low after the company replaced its chief executive. US-listed shares of Blackberry tumbled 17.2 per cent to $6.43 a share after the smartphone maker said it was abandoning a plan to sell itself. With yesterday’s drop, [...]
How to employ market volatility indicators to build a trading strategy November 4, 2013 FOR LESS experienced forex traders, the correlation between volatility and market prices – and how this relationship can be used to help build trading strategies – can prove elusive. Volatility expresses the degree of price change over a given time period. And one of the more common means of measuring market price volatility is the [...]
Deflation fear prompts Eurozone rate cut talk November 4, 2013 But a single data point is unlikely to convince the ECB that immediate loosening is necessary European shares traded close to five-year highs yesterday amid speculation that the European Central Bank (ECB) will cut its policy rate on Thursday. The FTSEurofirst 300 Index rose above 1,296, a near 6 per cent increase from Friday’s levels. [...]
CNBC Comment: Vanilla trading for the end of 2013 November 4, 2013 IT ALL got a bit catty behind the scenes on the set of SquawkBox this week. During one of our daily market open strategy debates, one of my guests told the audience that his big idea for the rest of the year was to “buy the winners of 2013 and sell the losers”. At this [...]
DailyFX: Analyst picks November 4, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Selling rallies in euro-dollar and sterling-dollar Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks The US dollar has strengthened over the past few days on the back of steadily rising Treasury yields. The yield curve has exhibited signs of repricing [...]
SAC Capital to plead guilty to insider trading and pay $1.8bn November 4, 2013 Wall Street giant SAC Capital is expected to plead guilty to insider trading later today, and to announce that it will pay a total of $1.8bn (£1.1bn), the largest settlement of insider-trading probe in history. A sum of just $1.2bn had been expected. SAC will pay a fine of $900m and forfeit a further $900m. [...]
Tesco to scan customers’ eyes for tailored advertising November 4, 2013 Tesco is to start scanning its customers, in a bid to tailor advertising towards them. Tesco petrol station users will be scanned at forecourts, using high-tech "OptimEyes" screens. The new system will be rolled out to all 450 of Tesco's petrol stations, with the screens predicted to reach a weekly audience of over five million [...]