Best of the Brokers for 06 November 2014 November 5, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com LEGAL & GENERAL S&P Capital IQ reiterated its “sell” rating after the insurance group reported growth in annuity sales, due to a 29 per cent jump in bulk annuity deals, and operational cash generation in the first nine months of the year. Target [...]
M&S adds sparkle to FTSE after good corporate results – London Report November 5, 2014 BRITAIN’S top share index advanced yesterday, as reassuring corporate reports helped to counteract modest weakness in commodity-related stocks. Ahead of this week’s meetings of the Bank of England and European Central Bank and Friday’s US jobs data, the FTSE 100 finished 1.32 per cent higher at 6539.14 points. Marks & Spencer soared 9.74 per cent [...]
Midterms push Dow to record – New York Report November 5, 2014 US STOCKS rose yesterday, with both the S&P 500 and Dow advancing to records. The markets were buoyed after the Republicans took control of the Senate, allaying fears of drawn-out runoffs and raising investor hopes for more business- and energy-friendly policies. The Dow Jones industrial average rose 100.69 points, or 0.58 per cent, to 17,484.53, [...]
Styluses for iPads: Take your tablet experience to the next level November 5, 2014 Apple doesn’t believe in styluses. Avoiding reliance on a digital pen was part of Steve Jobs’ masterplan when engineering the first iPad and the Cupertino company has stuck to its guns ever since. There are a handful of third party devices on Apple’s online store but you won’t catch it manufacturing its own. [...]
America counts midterm election results November 4, 2014 AS THE first results began trickling in for the American midterm elections last night, the evidence looked promising for the Republican Party. The result will determine control of the Senate, currently held by Barack Obama’s Democratic Party by a slim margin.
Best of the Brokers for 05 November 2014 November 4, 2014 HALFORDS Cantor Fitzgerald reiterated its “hold” rating ahead of the firm’s interim results, due tomorrow. The broker said Halfords’ cycling business “should have benefited from the better summer weather” and busy calendar of major cycling events. PHOENIX IT GROUP Westhouse Securities reiterated its “buy” rating after Phoenix announced its participation in Microsoft’s new Cloud Solution [...]
Lower oil prices hit FTSE after Saudi cuts costs – London Report November 4, 2014 BRITAIN’S top equity index yesterday edged lower, hit by losses in heavily weighted oil and gas stocks after the price of Brent crude slid to its lowest point in four years. Falls in the oil and gas sector stripped 30.6 points off the FTSE 100, which closed down 34 points, or 0.5 per cent, at [...]
Dow rises but S&P 500 and Nasdaq slide – New York Report November 4, 2014 THE S&P 500 and Nasdaq ended lower yesterday as another big drop in oil prices dragged down energy shares and Priceline’s earnings forecast disappointed. The Dow Jones industrial average rose 17.6 points, or 0.1 per cent, to 17,383.84, the S&P 500 lost 5.71 points, or 0.28 per cent, to 2,012.1 and the Nasdaq Composite dropped [...]
ETF essentials: Why low cost funds are often the best performers November 4, 2014 THE ACTIVE versus passive investing debate has been rumbling on for years within the investment industry and the media. Often the views are polarised – fully active or fully passive – but they also regularly miss out a key part of the debate: getting your asset allocation right. Myriad studies have highlighted that this is [...]
Rethinking bonds: How safe are gilts? November 4, 2014 Automatically fleeing to the safety of fixed income could expose you to capital erosion. There is a fundamental flaw with many investors’ perception of risk. Sophisticated investors will grasp the situation in an instant, of course, but many amateurs still regularly fall foul of it. The flaw relates to the implied, or theoretical [...]
