Best of the Brokers for 12 August 2014 August 11, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com PLUS500 Numis has handed a “buy” rating to the Israeli-UK online trading company with a price target of 838p believing it still has a long way to rise. Analysts expected improvement in the average revenue per user in the second quarter. SPEEDY HIRE [...]
London Report: FTSE snaps losing streak as Russia vows to pull troops August 11, 2014 BRITISH shares snapped a three-day losing streak yesterday after Russia said it would pull troops back from near the Ukrainian border, which investors interpreted as a sign of easing tensions between Moscow and Kiev. Late on Friday, Moscow’s defence ministry said it had ended military exercises in southern Russia, which the United States had criticised [...]
New York Report: US equities continue rally August 11, 2014 US stocks ended higher yesterday, extending the rally from Friday as investors hoped that Russia’s move to send humanitarian aid to Ukraine would ease tensions between the two countries. Earlier in the day, NATO chief Anders Fogh Rasmussen warned of a “high probability” that Russia, using the guise of a humanitarian mission, could intervene militarily [...]
New ceasefire effort for Gaza August 10, 2014 ISRAEL and the Palestinians agreed last night to an Egyptian proposal for a new 72-hour ceasefire in Gaza, officials from either side said. In a statement, Egypt’s Foreign Ministry urged “both sides to exploit this truce to resume indirect negotiations immediately and work towards a comprehensive and lasting ceasefire agreement”. Hamas spokesman Sami Abu Zuhri [...]
Rona Fairhead in running for Barclays chairman job August 10, 2014 Long serving HSBC non-exec director Rona Fairhead could be a frontrunner to take over as Barclays’ chairman, it emerged over the weekend. The former Financial Times chief executive could replace outgoing chairman Sir David Walker, though no formal timetable has been laid out. Sir Howard Davies is also thought to be a candidate. Barclays declined to [...]
Best of the Brokers for 11 August 2014 August 10, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SECURITAS Deutsche Bank has a slapped a “sell” rating on the Swedish security firm with a price target of 67 Swedish krona after it said the stock’s price to earnings ratio was close to the top end of the range. TUI TRAVEL Numis [...]
London Report: UK labour data and inflation report to form rates outlook August 10, 2014 LABOUR market data and the Bank of England’s quarterly inflation report due this week will point to the likelihood of rate rises in the near future. “Latest labour market data is likely to show a further marked drop in unemployment but still muted earnings growth,” said Howard Archer, of IHS Global Insight. “A further marked fall [...]
The Week Ahead: US investors look for safety August 10, 2014 INVESTORS once again are snapping up high-dividend-paying US stocks as Treasury yields fall, which should keep utilities and telecom stocks near the top of the buying list for the near future. The S&P 500 utility sector, whose dividend yield at 3.9 per cent is more than 100 basis points above the 10-year Treasury yield, led [...]
US launches aid drops in northern Iraq August 8, 2014 AMERICA last night launched a humanitarian airdrop mission in Iraq, a senior US official confirmed. “An effort has begun,” the official told CNN. Planes were in the air, the official said, but they had not yet started dropping aid. The source added that the C-17 and C-131 aircraft had fighter jets for protection. The aid [...]
Malaysia Airlines to halt trading and go private August 8, 2014 ILL-FATED Malaysia Airlines intends to suspend trading its shares today, in a move that could pave the way for state investor Khazanah Nasional to take it private. Trading in the company will be halted due to “a pending corporate announcement” sources familiar with the issue told Reuters. The same sources said last month that Khazanah, [...]
