Best of the Brokers for 20 November 2014 November 19, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com POLYPIPE Canaccord Genuity reiterated its “buy” rating, following a positive interim statement from Polypipe which revealed a continuing strong performance in its main UK market. The broker said it believed shares would outperform “as investors’ fears over the sustainability of the UK housing [...]
Royal Mail and miners weigh heavily on FTSE – London Report November 19, 2014 THE FTSE 100 ended a four-day rally yesterday as falling iron ore prices hit mining stocks and trading updates from Royal Mail and testing firm Intertek disappointed investors. Hit by its heavy weighting in commodity-related stocks, the blue chip index underperformed European peers, dropping 12.53 points, or 0.2 per cent, to 6,696.60 points. One of the [...]
Dow and S&P retreat from record highs – New York Report November 19, 2014 US SHARES edged lower yesterday as minutes from the most recent Federal Reserve meeting gave investors few new clues as to when interest rates might rise. The S&P 500 snapped a four-day run of gains and a two-day streak of record closing highs. The Dow Jones industrial average fell 2.09 points, or 0.01 per cent, [...]
The inflation-boosting video games set to become Christmas blockbusters November 19, 2014 Video games have been credited with helping to push up inflation in the run-up to Christmas – we take a look at some of the titles that will be raking in the big money The Crew This is racing sim meets Grand Theft Auto, with a vast open world America to explore (to [...]
Get up, stand up – stand up for your joint November 18, 2014 BOB MARLEY is to become the face of the world’s first international marijuana brand. The late reggae legend’s family has teamed up with a private equity firm to launch Marley Natural, which will offer legal “heirloom Jamaican cannabis strains”.
Paddington Bear to keep Cineworld happy November 18, 2014 CINEWORLD Group reported yesterday that sales grew by 1.1 per cent in the first 46 weeks of the year, despite the World Cup holding back admissions. It is looking forward to a good fourth quarter with the release of Paddington Bear and The Hobbit: The Battle of the Five Armies.
Grocery market falls into decline for first time in decades November 18, 2014 BRITAIN’S grocery market declined in the past three months for the first time in at least 20 years, according to the latest data from Kantar Worldpanel, with sales down 0.2 per cent year-on-year. The fight to hold on to market share and win back shoppers defecting to discounters has ignited a price war in the [...]
M&C Saatchi takes a tilt at the US market November 18, 2014 ADVERTISING agency M&C Saatchi yesterday took an $8m (£5.1m) stake in US creative ad firm Shepardson Stern & Kaminsky (SS+K), which works with clients such as Game of Thrones creator HBO. M&C will own roughly one-third of the business, which has also worked on adverts for President Barack Obama, Wells Fargo and Starbucks.
Best of the Brokers for 19 November 2014 November 18, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com CENTRICA Whitman Howard reiterated its “buy” rating. The broker said Centrica remained well placed, as it was financially sound and the negatives to the company were “already reflected in the current low rating”. It added: “The positive movements in managerial progression is also [...]
FTSE rises as energy firms expect Opec to cut production – London Report November 18, 2014 BRITAIN’S top share index yesterday climbed to a seven-week high, helped by better-than-expected German investor sentiment data and a rally in energy stocks on speculation that oil producing countries may agree to cut output. The blue chip FTSE 100 index closed up 0.6 per cent at 6,709.13 points after rising as high as 6,714.12, the [...]
