Best of the Brokers for 05 December 2013 December 4, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com RECKITT BENCKISER UBS has reversed its rating on the consumer goods group from “buy” to “sell” and cut its target to 4,550p from 5,210p. The broker thinks the company’s excess cash flow will be used for acquisitions and not paid out to investors. [...]
London Report: FTSE tumbles to seven week low on StanChart fall December 4, 2013 THE FTSE 100 slipped to seven-week lows yesterday, weighed down by a surprise warning from Standard Chartered that it could be headed for its first drop in profits in a decade. Shares in the Asia-focused bank fell 6.5 per cent, hitting 16-month lows in volumes more than 4.5 times their 90-day daily average after it [...]
New York Report: Wall St falls for fourth trading session in a row December 4, 2013 THE Dow and the S&P 500 finished lower for the fourth consecutive session yesterday after investors found few reasons to make big moves, with uncertainty remaining over when the Federal Reserve will start to slow its stimulus. Stocks fell for much of the session, but edged closer to break-even levels in the last hour of [...]
London needs Crossrail Two and we must kickstart this vital project now December 4, 2013 EACH morning, millions of Londoners cram themselves onto Tube trains in conditions that, under EU laws, would be illegal for transporting livestock. Each evening, they repeat the ordeal. But this squeeze on transport infrastructure is not simply unpleasant – it is economically damaging too. Our city’s antiquated transport system is barely managing to meet demand, [...]
Why critics of banks on SME lending could be grossly missing the point December 4, 2013 THE GLASS is too often half empty in the great debate on bank lending to small and medium-sized enterprises (SMEs). But are some of the loudest voices not seeing the full picture? It’s hardly difficult to find critics suggesting that SMEs have little chance of securing a bank loan. So you may be surprised that [...]
Erratic and arbitrary UK renewable subsidies are likely to end in failure December 4, 2013 WITH Centrica threatening to pull the plug on a £2bn offshore wind farm if the government did not increase already exorbitant subsidies, ministers agreed to do just that. Yesterday, they announced they would slow the planned reduction in the guaranteed strike price for offshore wind by adding £5 to the subsidy – to £140 per [...]
Letters to the editor – 05/12 – Intelligent future, Tax revenue, Best of Twitter December 4, 2013 Intelligent future [Re: As Amazon tests delivery drones, could the technology prove transformative? Tuesday] Even more exciting is the prospect of machines that think in ways no human could. They would have a deep “understanding” of the laws of inference, and would be incredibly good at solving problems. We could use them to design better [...]
Ways to keep your mobile data away from thieves December 4, 2013 As a new face-recognition security app hits an iPhone near you, we assess your top security options FaceCrypt PlusApp Store, £4.99FaceCrypt is an ingenious app that allows you to keep all of your passwords behind digital walls 10 feet thick (the algorithm needed to unlock it is military grade). To access your files, just flash [...]
Festive formal wear suits you December 4, 2013 Get suited up for the Christmas party season in one of these dinner jackets Etro Embossed Velvet Jacket £925, harrods.com Take paisley a step further by embossing it onto your dinner jacket. With a satin trim and a printed silk lining, this jacket is sure to liven up any suit this party season. Ami Tuxedo [...]
Premier League: Mourinho praises special one in seven-goal thriller December 4, 2013 SUNDERLAND 3 vs CHELSEA 4 CHELSEA manager Jose Mourinho praised a “special” performance from playmaker Eden Hazard that kept his side second in the Premier League table. The Belgian took his tally to eight goals for the season with a sublime finish in either half as the Blues won a third successive league match. Hazard [...]
