ANALYST VIEWS:?WHAT DO YOU MAKE OF YOUNG’S RESULTS IN THE STRUGGLING PUB SECTOR? June 3, 2010 MARK BRUMBY | LANGTON CAPITAL “The brewery operation Wells & Young has once again turned in a ‘solid’ performance and the tenanted operation has been ‘comparatively strong’ and produced like-for-like revenue growth with volumes little changed. Young’s is well-positioned to meet the challenges that the trade will face during 2010 and beyond.” PAUL HICKMAN | [...]
Matthey hits full-year goal June 3, 2010 JOHNSON Matthey, the world’s largest supplier of catalytic converters, expects good progress in the first half of 2010/11 while considerable short-term uncertainties about the global economy remained. Underlying pre-tax profit declined five per cent to £254.1m in the year to the end of March as vehicle production was slashed amid the global recession. Ten analysts [...]
This is one the Premier League needs to lose June 3, 2010 THESE are economically straitened times. Times when the Cabinet takes a five per cent pay cut and the governor of the Bank of England refuses a pay rise for this year and even the year after. But in the world of football, for the high-earning players and managers alike, life seems to be going on [...]
BEST OF THE BROKERS June 3, 2010 VIVENDI JP Morgan Cazenove has issued Vivendi with an “overweight” rating noting that management has indicated several times this year its willingness to acquire the 44 per cent of French mobile operator, SFR it does not own. JP Morgan believes that this could take place later this year or early next year after the completion [...]
FTSE 100 breaks out of a losing streak on hopes of strong American jobs data June 3, 2010 BRITAIN’S top shares snapped out of a three-session losing streak yesterday as hopes of strong jobs data from the US spurred sentiment, sending investors bargain hunting in commodity-linked stocks and banks. The FTSE 100 ended up 59.86 points, or 1.2 per cent, at 5,211.18, closing at a two-week high but falling back from an intra-day [...]
Wall Street makes gains as technology stocks soar June 3, 2010 US stocks rose yesterday, led by a late-day surge in technology shares as investors geared up for what is expected to be a strong unemployment report today Stocks moved up and down throughout the session, shifting between optimism and pessimism on a variety of factors, including technical resistance at the S&P 200-day moving average, the [...]
Choosing the right lender is crucial in a tough market June 3, 2010 HOUSES are selling like hotcakes thanks to fierce competition among buyers. The latest monthly survey from the Royal Institution of Chartered Surveyors (RICS) showed that houses are shifting quicker than new ones could come on to the market, despite the number of new sellers increasing. Even the dreaded gazumping is back. In such a market, [...]
PERSONAL FINANCE NEWS June 3, 2010 NO OVERSEAS FX FEES WITH KALIXA Whether you are heading to South Africa for the World Cup or elsewhere this summer, you ought to be thinking about your currency arrangements as early as possible. Kalixa, the pre-paid Mastercard, has announced this week that it will be waiving its standard foreign exchange fee for all point-of-sale [...]
Bubbly and with plenty of fizz June 3, 2010 CITY boys and girls can be a hard bunch to please, but Neleen Strauss seems to have found the formula that keeps them coming back to High Timber, the restaurant she co-owns that is located on the north bank of the River Thames. High Timber has arguably one of the best views in the City: [...]
No lament for the end of the family-run firm June 3, 2010 THE days of family-run firms could be numbered according to a survey carried out by Haines Watts, the accountancy firm. It found that out of the 650 small business owners it asked, a paltry 16 per cent responded that they planned to hand control of their business to another family member. So, what has led [...]
