Shipping broker Clarkson lifted by rising tide of seaborne trade March 10, 2014 SHARES in ship broker Clarkson were buoyed yesterday by the rise in trading activity on the seas. Revenues at Clarkson rose 12 per cent last year to £198m, while profits excluding one-off costs rose 26 per cent to £25.1m, beating forecasts. While the FTSE-listed firm said rates for ships often were below operating costs at [...]
City Moves for 11 March 2014 | Who’s switching jobs March 10, 2014 Salamanca Group The merchant banking and operational risk management business has hired Catherine Grum as group head of family office services. She was most recently at Barclays Wealth and Investment Management, where she was head of wealth advisory for Europe, the Middle East and Africa. Keystone Law The law firm has made two appointments. Jason [...]
Best of the Brokers for 11 March 2014 March 10, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS UBS hails the retail and sugar group as a “buy” and raises its target from 2,890p to 3,300p. The broker thinks Primark is still at an early stage of its growth trajectory and believes the fashion business alone is worth [...]
London Report: Weak China figures prompt FTSE to fall to three-week low March 10, 2014 BRITAIN’S top equity index fell to its lowest closing level since mid-February yesterday, dragged down by major mining stocks and telecoms group Vodafone. The blue-chip FTSE 100 index closed down by 0.4 per cent, or 23.22 points, at 6,689.45 points – marking its lowest closing level since it ended at 6,663.62 points on 14 February. [...]
New York Report: US stocks dip on China data March 10, 2014 US STOCKS dipped yesterday, weighed down by soft data out of China and Boeing’s latest production setback. Merger and acquisition announcements, however, as well as company-specific news including on Facebook and Alexion Pharma, helped keep the S&P 500 and Nasdaq from bigger losses. China’s exports tumbled 18.1 per cent in February, against expectations for a [...]
Letters to the Editor – 11/03 – Tax reform, Best of Twitter March 10, 2014 Tax reform [Re: Stop acquisitive politicians forever with a max tax guarantee, Thursday] I wish I thought a max tax would work, but it would likely be far worse than useless, and open the way for a British alternative minimum tax. Recall the political grandstanding that accompanied the withdrawal of allowances from higher-earning income taxpayers, [...]
CNBC Comment: How to invest amid fresh market highs March 10, 2014 IF THERE’S a full-blown war, we sell. If there’s a semi-war or ongoing tensions, we keep buying.” Most of the discussions I’m currently having with my guests sound a lot like this. While war is no good for anyone, fears about Ukraine and Russia are perceived by most investors as isolated, and many simply aren’t [...]
DailyFX Tips & Picks: There’s a way to deal with inevitable new trader doubts March 10, 2014 THERE are only a few things that can make you feel alive like trading with real money. Seeing a position gain in value will, without doubt, fill most new traders with a strong sense of euphoria. Yet any new trader who is happy with his or her returns, and who has gained confidence, will almost [...]
DailyFX Tips & Picks: Analyst’s pick March 10, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long euro-dollar from $1.3825, long euro-yen from ¥141.50 Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks The long euro-yen and euro-dollar trades we positioned for last week were triggered on the ECB rate decision and, barring a [...]
The Macan is poised for big things March 10, 2014 Porsche’s new luxury SUV could be the motor to finally take the crown from the Range Rover Evoque HAVE you ever visited a car factory? I thought not. I have, many times. Manufacturers are universally keen to show off to the media the millions – billions even – they invest in new car plants. I’m [...]
