Soaring Tesco helps FTSE but Serco plummets – London Report November 10, 2014 BRITAIN’S top share index yesterday advanced to a five-week high as investors bought into the consumer staples and retail sectors, with ailing supermarket group Tesco leading the gainers. The stand-out mover of the day, however, was mid-cap services outsourcer Serco, whose shares fell 32.2 per cent to 215p after saying it planned a rights issue [...]
Trains and pharma boost Dow and S&P – New York Report November 10, 2014 THE DOW and S&P 500 yesterday extended their run of record high closes for a fourth session, led by transport and healthcare shares. The Dow Jones industrial average rose 39.81 points, or 0.23 per cent, to 17,613.74, the S&P 500 gained 6.34 points, or 0.31 per cent, to 2,038.26, and the Nasdaq Composite added 19.08 [...]
Q&A: Why transparency should be at the heart of pricing November 10, 2014 What are the current problems with pricing in retail FX and why are some traders concerned? It all comes down to transparency and trust. At present, the standard practice for trading and quoting FX is very opaque, and traders don’t know how much of a mark-up or commission is added to the quotes. In addition, [...]
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Football Comment: Footballers may be multi-millionaires, but they are still at risk of financial pitfalls too November 10, 2014 Ex-England keeper David James’ recent bankruptcy shows stars aren’t immune IF YOU find the sums of money swirling around in football unpalatable, then stand by your beds because, in the next 10 years, it will look like chicken feed. The growth in the bottom line of Europe’s elite clubs is now being driven by two [...]
We will remember them forever November 10, 2014 THE QUEEN led the nation in remembering all those killed during conflicts, as Remembrance Sunday services were held around the UK. A two-minute silence was observed before the monarch, accompanied by the Duke of Cambridge, laid a wreath at the Cenotaph in central London. This year marks the 100th anniversary of the start of World [...]
New film is a big and heroic win for Disney November 10, 2014 BIG HERO 6, Walt Disney’s animated superhero film featuring a flying robot, took in $56.2m (£35.4m) in US and Canadian ticket sales to lead the weekend box office, topping space adventure Interstellar. Big Hero 6 will be released in the UK on 30 January.
Germany commemorates fall of the Berlin wall 25 years on November 10, 2014 THOUSANDS of illuminated balloons yesterday marked the path where the Berlin Wall used to stand, as Germans commemorated the 25th anniversary of its fall. The wall’s fall was a key moment in the end of the Cold War, and allowed east Germans to cross into the west of the capital. Chancellor Angela Merkel said it [...]
Best of the Brokers for 10 November 2014 November 9, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com RSA INSURANCE Cannacord Genuity has cut its rating to a “sell” with a target price of 440p. It said the company faced “myriad headwinds as it restructures in difficult markets” and that “management flagged it anticipated further writedowns on deferred tax assets”. RANDGOLD [...]
Bank’s inflation report to give clues on rates – London Week November 9, 2014 MARKET attention this week will focus on the Bank of England’s Inflation Report, due for release on Wednesday, and the latest set of macroeconomic projections contained within it. The figures will help investors and analysts to determine just how far market expectations for the first hike in the interest rate have been pushed back. The [...]
