Stobart shareholders get £31.1m after partial sell-off of its trucks June 26, 2014 Infrastructure and support group Stobart yesterday announced that its partial sale of the iconic Eddie Stobart truck business had enabled it to returned £31.1m to its shareholders. The £195.6m sale also helped it to repay in full a £100m loan from M&G Investment Management. In the period between 1 March to date, the Warrington-based group [...]
Best of the Brokers for 27 June 2014 June 26, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com IMAGINATION TECHNOLOGIES UBS has kept its “buy” rating for Imagination Technologies, increasing the target price to 300p from 250p. The broker sees operational momentum improving at the company, a wide breadth of licences providing greater diversification, and demonstrated resilience in royalty rates. SHIRE [...]
London Report: FTSE flat as Barclays fall is countered by housebuilder climbs June 26, 2014 BARCLAYS Bank’s shares plummeted 6.5 per cent yesterday as the FTSE index ended flat despite a rally in housebuilders on Bank of England comments. The FTSE 100 closed on 6,735.12 up 0.02 per cent or 1.5 points. The market was also underpinned by the London Stock Exchange Group, which surged 6.1 per cent after unveiling [...]
New York Report: Dow down on rates rise call June 26, 2014 US STOCKS ended slightly lower yesterday, after the president of the Federal Reserve Bank of St Louis said interest-rate increases should come sooner rather than later. The Dow Jones industrial average fell 21.38 points or 0.13 per cent, to end at 16,846.13. The S&P 500 slipped 2.31 points or 0.12 per cent, to 1,957.22. The [...]
Letters to the Editor – 27/06 – Global money, Airport options, Best of Twitter June 26, 2014 Global money [Re: Bretton Woods: How stable monetary order was created and then destroyed, Tuesday] An interesting historical article, but the author displays a misguided support for a fixed international monetary system. If a floating exchange rate system is associated with the global expansion of credit, the older order is associated with the inability of [...]
World Cup in brief June 26, 2014 Del Bosque defends Spain squad SPAIN boss Vincent del Bosque insists he has no regrets regarding squad selection. Manchester City pair Alvaro Negredo and Jesus Navas were among the big-name absentees from the 23-man squad. But Del Bosque said: “I don’t think it would have changed the fundamentals very much. This ending was unthinkable.” Scapegoat [...]
Team performance spread betting June 26, 2014 Football may well be a team game, but there is no getting away from the fact that several sides have become hugely reliant on the performances of particular individuals at this World Cup. It can certainly be argued in the case of Argentina (Lionel Messi) and Brazil (Neymar) that they wouldn’t have enjoyed such easy [...]
27 June on this day… June 26, 2014 1998: IT IS 16 years since New Zealand won the second Test at Eden Park on England’s infamous Tour of Hell when all seven games were lost, including a 76-0 thrashing by Australia. It’s unusual to see hooker Richard Cockerill (left) and prop Graham Rowntree so close to Jonah Lomu, but England’s front-row clearly think there [...]
Srinivasan named ICC chairman June 26, 2014 CRICKET: New International Cricket Council chairman Narayanaswami Srinivasan says his “conscience is very clear” after assuming the role. Srinivasan had stepped down from his previous position as chairman of the Board of Control for Cricket in India pending an inquiry into illegal betting during Indian Premier League matches last year. He denies any wrongdoing.
Nicklas Bentdner leads exodus as Arsenal dispense with 11 players June 26, 2014 Striker Nicklas Bendtner heads a list of 11 departures from Arsenal, the club announced yesterday. Bendtner and Park Ju-Young’s contracts will not be renewed, while Bacary Sagna, Lukasz Fabianski and Zak Ansah have already signed deals elsewhere. Kim Kallstrom and Emiliano Viviano’s loans have come to an end. Four academy players, Chuks Aneke, Daniel Boateng, [...]
