Best of the Brokers for 29 April 2014 April 28, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DIAGEO Credit Suisse has cut the drinks group from “outperform” to “neutral” with a target reduced from 2,200p to 1,950p. The broker has also lowered its profit forecast for the coming year by eight per cent to reflect weaker growth in the US and emerging [...]
London Report: AstraZeneca has a healing effect on the FTSE 100 April 28, 2014 ASTRAZENECA shares surged to boost Britain’s top share index yesterday, after US rival Pfizer said it wanted to buy the drugmaker. The FTSE 100 closed just off a seven-week closing high after a volatile afternoon session as investors digested new sanctions on Russia from the US. AstraZeneca jumped 14.4 per cent after Pfizer confirmed yesterday [...]
New York Report: US stocks are volatile as tech stocks sold off April 28, 2014 THE S&P 500 ended higher yesterday after a volatile session, as gains in Apple and Pfizer helped offset another round of selling in some high-growth tech shares. The Nasdaq ended slightly lower but rebounded late in the session from a fall of over one per cent. Leading the Nasdaq down was Amazon, which extended Friday’s [...]
Letters to the Editor – 29/04 – HS2 alternatives, Super-billionaires, Best of Twitter April 28, 2014 HS2 alternatives [Re: Why MPs need to vote against the expensive folly that is HS2, yesterday] There is a “taxpayer free” alternative to HS2. The private sector solution is to build a new freight rail line to increase capacity on passenger lines. By transferring freight trains from the West Coast Mainline to the new line, twice the [...]
Sterling’s enduring strength: Not the bad news some fear April 28, 2014 A strong pound brings opportunities for the discerning trader NEWS of a stronger pound is often accompanied by alarmist warnings over the consequences for the UK economy. Entrepreneur and economist John Mills has recently campaigned for a devaluation of sterling to boost British manufacturing competitiveness in the long term. And many fear that a stronger [...]
CNBC Comment: It’s vive la difference for European M&A April 28, 2014 CAN THERE be a clearer illustration of the difference between French and British attitudes to business than this week’s M&A headlines? Once again, the French have been accused of erecting the barricades to repel an Anglo-Saxon corporate takeover, while there is a deafening silence in Westminster about a jewel in British pharma potentially being gobbled [...]
DailyFX Tips & Picks: Why the Chinese yuan has been plummeting this year April 28, 2014 A NEW and exciting currency pair has entered the stage and, with it, a strong rally. The newly introduced USD/CNH is the offshore equivalent of the Chinese yuan and, since the start of 2014, it has rallied by 2,300 pips. A rally in this case means a depreciation of the Chinese yuan. At the beginning [...]
DailyFX Tips & Picks: Analyst’s pick April 28, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay short euro-Aussie, short euro-dollar Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks Forex traders should rejoice at the end of April. It has been a month to forget: 10-day euro-dollar average trading range (ATR) is at [...]
Do you need to learn how to code? April 28, 2014 Programming has reached the mainstream but is unlikely to boost your career prospects CODING has become so mainstream that even basketball legend Chris Bosh is telling you to do it. Forget footballers, it’s now tech entrepreneurs (like teenager Nick D’Aloisio, who sold his company Summly to Yahoo for a reported £20m last year) that today’s [...]
It’s loud and fast, but wide of the mark April 28, 2014 Peter Burgess failed to fall in love with the original F-Type – can the coupé version convince him otherwise? WE’VE HAD our issues, Jaguar and I, over the F-Type. Like the Emperor’s new clothes, all the press seemed bowled over, except for me. Sure, it’s mighty fast and incredibly sexy. But does it really need [...]
