US stocks lifted by results even after IBM drag – New York Report October 20, 2014 US stocks ended higher yesterday on investor hopes for a strong earnings season, but IBM’s disappointing results limited gains. Earnings reports from Halliburton, Gannett, and others, helped ease the worries over global growth and falling commodity prices that last week helped drive stocks close to correction territory. Texas Instruments posted third-quarter revenue of $3.5bn, up [...]
Trott wins Euro title at a canter October 20, 2014 OLYMPIC champion Laura Trott retained her omnium title on the final day of the European Elite Track Cycling Championships in Guadeloupe yesterday, while Scotland’s Katie Archibald claimed victory in the 3km individual pursuit. With vital Olympic qualifying points available for the 2016 Olympic Games in Rio, Britain ended the championships with an eight-medal haul, including six [...]
Silicon Valley comes to London October 20, 2014 THE CAPITAL’S leading investors and entrepreneurs will gather today for the start of Disrupt, a US tech startup conference coming to London for the first time. At Disrupt, which counts Dropbox and Fitbit among its alumni, 150 startups will show off their creations to fund managers from the largest European and US venture capital firms, [...]
Prudential backs Swansea energy project October 20, 2014 PRUDENTIAL has been named as the cornerstone investor in the £1bn Tidal Lagoon Swansea Bay Project, which has been designed to generate electricity by harnessing the power of the sea. Through its investment arm, M&G, Prudential will provide up to £100m for the project.
Best of the Brokers for 20 October 2014 October 19, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BSKYB S&P Capital IQ reiterated its “sell” rating, and stated that despite a good first quarter which saw a six per cent rise in recurring revenue and total customer numbers up five per cent year-on-year, it remains concerned about content and product costs. [...]
George Osborne braced for bad news on deficit reduction – London Report October 19, 2014 Public finance figures due out tomorrow are likely to be a blow to chancellor George Osborne, with tax receipts lowered by very low earnings growth. Economists predict that Osborne is now unlikely to meet fiscal targets for the year, despite improved economic activity, stronger house prices and an improved labour market. Howard Archer, of IHS [...]
US earnings season enters second week – The week ahead on Wall St October 19, 2014 INVESTORS are hoping for a bit more in the way of calm this week, though recent volatility is not likely to abate entirely, especially with equity options expiring at the end of the week. As earnings season kicks into gear, a slew of companies are expected to report results. Tomorrow Coca-Cola, United Technologies and Verizon [...]
Warren Buffet sells down Tesco stake October 16, 2014 WARREN Buffett, the world’s third richest man, has sold 245m shares in Tesco, just weeks after describing his investment in the troubled retailer as a “huge mistake”. Buffett’s Berkshire Hathaway, which first invested in Tesco in 2006, has reduced its stake from 3.6 per cent to below the three per cent limit at which investors [...]
Queen visits tower of London poppy memorial October 16, 2014 QUEEN Elizabeth and the Duke of Edinburgh have paid tribute to British and colonial soldiers who died in World War One at a Tower of London art installation featuring 888,246 ceramic poppies. The Queen laid a wreath at the Blood Swept Lands And Seas Of Red exhibit, where each poppy represents a British and colonial death [...]
Apple releases updated iPad and iPad mini October 16, 2014 Apple CEO Tim Cook introduces the new iPad Air 2, which was unveiled yesterday, along with an iPad mini 3. The updated, slimmer iPad Air is 6.1 millimeters thick and weighs less than one pound. It is priced at $499 to $829. Both new tablets feature a fingerprint sensor.
