OMG defies Gravity as its imaging arms grow October 23, 2014 OMG, known for providing imaging technology used in Hollywood flicks such as Gravity (pictured), has reported positive trading up to the close of its financial year, with results expected to be in line with market expectations. The company said its three most established businesses, Vicon, Yotta and 2d3, were all profitable for the full year.
Ladbrokes wins fail to convince most investors October 23, 2014 BOOKMAKER Ladbrokes said it was on track to meet financial targets for the year after reporting a 94 per cent jump in operating profits during its third quarter, relieving the pressure on chief executive Richard Glynn. Shareholders were not convinced, however, as shares were sent tumbling 6.12 per cent to 121.10p due to ongoing concerns [...]
Best of the Brokers for 24 October 2014 October 23, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BLOOMSBURY Numis reiterated its “hold” recommendation, on the basis that Bloomsbury’s first-half results were “slightly below” expectations. The broker stated that the group had a “strong H2 pipeline” across its businesses and noted that it “continues to develop the Harry Potter portfolio”. GLAXOSMITHKLINE [...]
FTSE recovers but Tesco’s woes drag down rival retailers – London Report October 23, 2014 BRITAIN’S top equity index recovered yesterday and ended slightly higher, tracking a broad rally in US stocks following some strong earnings results, although a slump in Tesco and Unilever capped gains. The FTSE 100 index ended up 0.3 per cent at 6.419.15 points, after falling as much as 1.4 per cent during the day. Troubled [...]
Wall St climbs on earnings – New York Report October 23, 2014 CORPORATE earnings, including Caterpillar’s, drove Wall Street higher yesterday. However, pared gains late in the session after reports that a New York City hospital was running Ebola tests on a healthcare worker who had treated infected patients in West Africa. The Dow Jones industrial average rose 216.58 points, or 1.32 per cent, to 16,677.9, the [...]
Magic Mourinho to haunt United again October 23, 2014 BEN CLEMINSON PREVIEWS MAN UNITED VERSUS CHELSEA AND QPR AGAINST ASTON VILLA CHELSEA travel to Old Trafford on Sunday with Loic Remy a doubt and top-scorer Diego Costa ruled out. That could pave the way for the ageing Didier Drogba to lead the line for the Premier League leaders and, even though the Ivorian isn’t [...]
QPR can make it five defeats on the bounce for Villa October 23, 2014 THE VERY public spat between Harry Redknapp and Adel Taarabt has overshadowed what was a great performance from Queens Park Rangers in Sunday’s dramatic 3-2 loss to Liverpool at Loftus Road. How Rangers didn’t emerge with at least a point is hard to fathom, but two own goals didn’t help their cause and it suggested [...]
Spread betting on goals October 23, 2014 SPORTING Index offer a wide variety of spread betting markets on goals, covering everything from total goals in a match to when the last goal in a game will be scored. Just one of the last four games between Manchester United and Chelsea has seen over 1.5 goals, but Sporting Index are trading total goals [...]
TED-style talks and a spot of golf at Gleneagles for City CIOs October 22, 2014 THERE’S a bunch of lucky CIOs and investment professionals waking up in Gleneagles this morning for the Global CIO Summit, organised by investment manager web portal creators HedgePo. Representatives from the likes of Aberdeen Asset Management, Cheyne Capital, Old Mutual and Arbuthnot Latham will be settling in for a day of TED-style talks from decision-makers [...]
Best of the Brokers for 23 October 2014 October 22, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ARBUTHNOT Numis upgraded Arbuthot to an “add” rating, and said the group’s third-quarter trading update showed that both its businesses were “progressing well within a positive operating environment”. The broker added that there was ample resource to meet growth potential. BHP BILLITON S&P [...]
