MPC to publish rate verdict but no change seen – London Report October 5, 2014 THE MONETARY Policy Committee (MPC) will announce its latest interest rate decision on Thursday, but Investec does not expect any change from the current 0.5 per cent and quantitative easing target at £375bn. September’s Royal Institute of Chartered Surveyors (RICS) monthly housing data will also be updated on Thursday, after house prices grew at their [...]
Sell-off fears remain for the US stockmarket – New York Report October 5, 2014 A POSITIVE vibe returned to the US stock market on Friday, leaving some to wonder whether, after two weeks of losses, the latest sell-off scare was over. The most recent decline in the S&P 500 marks the third time in six months that the market has looked wobbly and threatened a significant reversal. Each time, [...]
SoftBank makes a monster investment October 2, 2014 The Japanese telecommunications and Internet company SoftBank Corporation has agreed to invest $250m (£155m) in Legendary Entertainment, one of Hollywood’s most aggressive independent film financiers and producers, the companies said yesterday. Legendary plans a sequel to Godzilla, its $160m remake of the 1954 Japanese sci-fi horror classic.
New Jaguar Roars in to take Paris by storm October 2, 2014 The world’s biggest car event scorched into top gear yesterday as the Paris Motor Show got under way. A wide variety of new models are being shown off, including the Jaguar F-Type Project 7, which has a five-litre V8 supercharged engine delivering the fastest acceleration of any production Jaguar. The show opens its doors to [...]
London developers telling tall storeys – use a famous architect and gain an extra 19 floors October 2, 2014 Developers are hiring “trophy architects” as a way to play the “game of planning rules” in London and secure further building permission for an extra 19 floors, increasing the site value by an estimated 130 per cent. A London School of Economics study found that a quarter of London’s skyscrapers were now designed by so-called [...]
Best of the Brokers for 03 October 2014 October 2, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SAINSBURY Nomura has maintained its “neutral” rating, but cut the target price to 270p from 305p. Nomura remains of the theory that Sainsbury is seeing some relative slowdown, and may now be an underperformer compared to sector rivals, as Asda strengthens and Morrison [...]
FTSE slumps to 2014 low after Draghi fails to light up markets – London Report October 2, 2014 BRITAIN’S top equity index yesterday slid to its lowest closing level so far this year on disappointment with the European Central Bank’s latest stimulus measures. The blue-chip FTSE 100 index ended down by 1.7 per cent, or 111.13 points, at 6,446.39 points – its lowest closing level since ending at 6,439.96 points in December 2013, [...]
Wall St ends on quiet note – New York Report October 2, 2014 US STOCKS ended flat yesterday in a volatile session as energy stocks rebounded and investors bought beaten-down shares, especially small caps. The Dow Jones industrial average fell 3.66 points, or 0.02 per cent, to 16,801.05, the S&P 500 ended unchanged on 1,946.17 points and the Nasdaq Composite added 8.11 points, or 0.18 per cent, to [...]
Fabregas to come back and haunt former club in London derby clash October 2, 2014 BEN CLEMINSON PREVIEWS SUNDAY’S BIG PREMIER LEAGUE ACTION ARSENE Wenger is said to have turned down the opportunity to take Cesc Fabregas back to the Emirates this summer following a rather ill-fated spell at Barcelona, paving the way for the Spaniard to join Chelsea. It’s proved a shrewd bit of business from Jose Mourinho, as [...]
Everton can heap further frustration on Man United October 2, 2014 FIRST up on Sunday is Manchester United against Everton at home, where the visitors must think they can win. Louis van Gaal’s spending splurge looks misguided when you compare the attacking riches he’s brought in to the inexperienced backline that has shipped nine goals. The club managed only a second win of the campaign against [...]
