Best of the Brokers for 9 September 2015 September 9, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SOUND OIL Canaccord Genuity has initiated coverage of Sound Oil, which is soon to be renamed Sound Energy, with a “buy” recommendation and a target price of 30p. The broker said its focus on gas means it has been largely sheltered from recent [...]
Where to invest following stock market carnage: Europe and China top the experts’ buy lists September 9, 2015 Global stock markets took a battering this summer. At one point, nearly $2 trillion had been wiped off the value of shares across markets as diverse as Germany, China, the US and Argentina. The falls were trigged by worries over the state of China’s economy. Although Chinese companies make up only a small part [...]
Why practice doesn’t make perfect: Rote learning has limited uses in the world of business September 9, 2015 From times tables to French verbs, we are told by our teachers that practice is the key to success. This old bromide was given scientific endorsement in 1993, when psychologist Anders Ericsson produced a study claiming that success owes more to toil than talent. But research by Princeton last year put paid to the [...]
Notion that Rickie Fowler is the most overrated golfer on the PGA Tour is nonsense September 9, 2015 America's Rickie Fowler topped a poll of the most overrated golfers on the PGA Tour in May – what a load of nonsense. In the same week as that insulting poll he went on to beat Sergio Garcia and Kevin Kisner in a play-off to claim the Players Championship at Sawgrass in the most [...]
Mergers and aquisitions defy stormy global financial markets as M&A deals involving UK firms jump past £260bn September 9, 2015 Businesses pushed ahead with billions of dollars’ worth of mergers and acquisitions (M&A) yesterday, unperturbed by recent volatility that has shaken global markets. Deals involving UK firms jumped past the $400bn (£260bn) mark for the year to date as takeover Tuesday gripped the City. PaddyPower and Betfair agreed a £6bn merger; Cinven revealed [...]
Heathrow Airport expansion plans: Just build the third runway says business September 9, 2015 Business leaders are putting more pressure on the government today to move ahead with building a new runway at Heathrow. At an event in Westminster this morning, Heathrow chief executive John Holland-Kaye, Icap group chief executive Michael Spencer and Arora International chief executive Surinder Arora, among others, will call on ministers to make a [...]
Aldi and Lidl market share: The only way is up for discount supermarkets September 9, 2015 No-frills retailers such as Aldi and Lidl are set for decent growth in the UK, with experts predicting that an overall rise in spending will offset any substitution towards pricier retailers as the economy recovers. “With consumer confidence at its highest point in many countries since the global recession and economic growth expected to continue… [...]
UK housing marktet: Record low rates spur mortgage lending climb September 9, 2015 Record low borrowing costs and competition between banks led to a rise in mortgage lending from April to June, figures released by the Bank of England and Financial Conduct Authority showed yesterday. The total value of mortgages advanced was £52.5bn over the period, a 15.1 per cent jump on the same time last year. The [...]
Plexus unveils wellhead developed in response to Gulf of Mexico crisis September 9, 2015 AIM-listed oil and gas services firm Plexus Holdings yesterday launched its new Python Subsea wellhead, developed to address safety issues thrown into light by the Gulf of Mexico disaster in 2010. Plexus has been working on the new wellhead since 2011, as part of a joint industry project supported by BG, Shell, Maersk, Total and [...]
Morgan revels in lessons learnt as Taylor hits maiden ODI ton to instigate series comeback September 9, 2015 England skipper Eoin Morgan admitted an ability to learn from past mistakes was key to his side maintaining their interest in the one-day series with a 93-run trouncing of world champions Australia at Emirates Old Trafford last night. Batsman James Taylor anchored the innings with his maiden one-day international century while opener Jason Roy struck [...]
