8/11 on Europe too big to miss for Ryder Cup September 24, 2014 PATRICK CALLAGHAN PREVIEWS THE RYDER CUP AT GLENEAGLES STAR SPORTS have dangled a massive carrot for golf fans ahead of the start of the Ryder Cup tomorrow at Gleneagles by going an industry-best 8/11 for new accounts on Europe to land a third successive trophy against the USA. Europe were the value last year at [...]
Rose and Bradley the value to be their teams’ top player September 24, 2014 UNDERSTANDABLY both Rory McIlroy and Rickie Fowler head the Top European and Top American markets respectively, after both men enjoyed their finest seasons to date. World No1 McIlory’s confidence is sky-high after landing two Majors this season, while Fowler’s consistency at the top-level has been breath-taking. But it’s Justin Rose, rather than McIlroy, who offers [...]
Spirit pubs knocks back Greene King September 23, 2014 PUB AND brewing giant Greene King confirmed it has made a £700m takeover offer for the 1,200 pub chain Spirit Pubs. While Spirit Pubs confirmed the 100p per share bid, it said it had rejected as “it undervalued Spirit and its attractive prospects”.
Private equity leaders feast on IPOs and deals September 23, 2014 PRIVATE EQUITY MANAGER of the year Private equity groups have feasted on fresh opportunities thrown up by ongoing financial trends this year, from the rise of China’s market economy to the dissipation of traditional bank lending. This year’s nominations include some of London’s most senior dealmakers and executives and reflect the capital’s pivotal importance at [...]
Interview: No more buyouts September 23, 2014 THE BROKERAGES industry, particularly at the small- and mid-cap end of the market, is widely thought to be ripe for consolidation. Oriel Securities, for example, was snapped up by US firm Stifel Financial earlier this year. So now that Panmure Gordon is doing well, one might have thought the firm would be looking to grow through [...]
Best of the Brokers for 24 September 2014 September 23, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com EASYJET Cantor Fitzgerald has upgraded to “buy” from “hold”, raising the target price to 1,600p from 1,500p. Cantor thinks it is a good time to buy as the stock was weak in the summer like the rest of the sector, and Cantor also [...]
London Report: New US pharma rules drag down UK drug firms September 23, 2014 THE FTSE 100 took a tumble yesterday as pharma shares were hit by overnight news that the US had announced new rules to reduce the benefits available to its companies buying overseas businesses for tax reasons. The FTSE 100 suffered a 1.44 per cent fall to 6676.08 points, its worst performance since 3 March. Poor economic [...]
New York Report: Global growth fears weigh on Wall Street September 23, 2014 US SHARES fell yesterday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth. The Dow Jones industrial average fell 116.81 points, or 0.68 per cent, to 17,055.87, the S&P 500 lost 11.52 points, or 0.58 per cent, to 1,982.77 [...]
Get more for your money when buying overseas September 23, 2014 An expert foreign exchange service can help make your money go further on the overseas property market With summer at an end and autumn closing in you might understandably be dreaming of owning your own place in the sun. And now could be the time to buy. With the pound’s strength against the euro and [...]
Florida: the key to a valuable holiday home investment September 23, 2014 Although recent weeks have seen sterling weaken against the dollar there is still potential for great returns when searching for a holiday home in the Sunshine State. Kelly Cutchin, Moneycorp U.S. country manager, shares an insight into the property market and tips for those considering property investment in Florida: “The most popular locations for British [...]
