Is Roy Hodgson man enough for the FTSE 100? June 11, 2014 BREWIN Dolphin’s latest piece of equity research is an interesting read. It relates to the London listed company with shares trading under the ticker EFT. Not familiar? To give you some clues, its share price is currently 2014p with a 12-month rating of “outperform” and it’s CEO is a Hodgson – yep, it’s the England [...]
Boris Bentos to hit the South Bank at new Japanese restaurant June 11, 2014 London is full of themed restaurants but County Hall might have just become the site of the weirdest one –Izakaya Boris – a casual Japanese eatery for which BoJo is the mascot. There’s a plastic cartoon-like icon of Boris Johnson outside the restaurant and one inside and again on the menu. The question on everybody’s [...]
Betfair looks to World Cup to keep winning June 11, 2014 BETFAIR is hoping the World Cup will continue the bookmaker’s winning streak after its annual profit beat forecasts yesterday, sending its shares up almost one per cent to 1,032p. The online gambling company reported that group revenues rose two per cent to £393.6m and underlying profits jumped 61 per cent to £61.1m during the year [...]
Analyst Views: How impressed were you with Betfair’s annual results? June 11, 2014 JAMES HOLLINS | INVESTECWe are unlikely significantly to adjust full year 2015 earnings estimates. Although the market may be disappointed at no special dividend, we think it will come in the near term (revenue rising and costs very much under control due to actions by the relatively new management). We stay at Hold. NICK BATRAM [...]
ECB official claims securitised loans boost economic stability June 11, 2014 THE BUNDLES of loans that were blamed for exacerbating the financial crisis could in fact make the economy more stable, a top EU official said yesterday. Simple and transparent asset backed securities (ABS) – bundles of loans such as mortgages or business loans – can be sold on to non-bank investors who want to lend to those [...]
World chilled by US slump June 11, 2014 SEVERE US weather and the crisis in Ukraine have dampened global growth prospects this year, according to the World Bank’s new forecasts yesterday. The World Bank says global growth is likely to be 2.8 per cent this year, down from the 3.2 per cent previously projected. Societe Generale analysts added that the dip in US GDP [...]
Indian spooks start GDP row June 11, 2014 THE INDIAN Intelligence Bureau has reportedly hit out at Greenpeace and other non-governmental groups, claiming they have dramatically reduced the country’s economic growth rates. The security service says that campaigns against nuclear and coal power production have hit the country’s GDP growth to the tune of two to three per cent each year, according to the [...]
Watchdog to start tribunal over Baker Tilly audit issue June 11, 2014 CHARTERED accountants Baker Tilly came under fire from the Financial Reporting Council (FRC) yesterday, the latest in a series of issues the watchdog had raised over an audit of accounts conducted for 2007 and 2008. The complaint launched by the FRC concerns audits of financial statements for Tanfield, a manufacturer of electric vehicles, from 2007. [...]
Thames Water unveils 56pc surge in profit June 11, 2014 THAMES Water’s pre-tax profits surged 56 per cent to £259.3m last year, with the utility company declaring itself “in a strong position”, despite its customer service remaining below the industry average. The Macquarie-backed company paid no corporation tax last year, as the government allowed it to delay payment due to its annual £1bn investment in [...]
Chinese insurer in talks to buy Canary Wharf tower for £780m June 11, 2014 A state-back Chinese insurance firm is thought to be in advanced talks to purchase law firm Clifford Chance’s headquarters in Canary Wharf for £780m. China Life, China’s largest life insurer, is understood to have been on the hunt for trophy assets to buy in London, providing further evidence of mounting interest from Chinese investors in [...]
