Best of the Brokers for 04 December 2013 December 3, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com SMITH & NEPHEW Morgan Stanley has raised its rating from equal-weight to overweight and raised its target to 904p from 757p. The broker thinks new products will offset a decline in market share and that the company will reap the benefits of a cost-cutting [...]
London Report: Steepest fall for the FTSE since mid-November December 3, 2013 MINERS and oil companies led Britain’s FTSE 100 lower yesterday as strong economic data prompted investors to bet that equity-friendly monetary stimulus would soon be reduced. The FTSE 100 closed down 62.90 points, or one per cent, at 6,532.43 points, its sharpest one-day fall since mid-November. The blue-chip index has fallen roughly two per cent [...]
New York Report: Lack of festive cheer sends stocks down December 3, 2013 THE DOW and the S&P 500 fell for a third straight day yesterday, dropping from record levels in a broad decline as investors took profits amid signs of a weak holiday shopping season. Retail and consumer discretionary stocks were among the weakest of the day. Amazon slipped two per cent to $384.66 and was one [...]
It’s time to break the Whitehall silo and put startup discipline into government December 3, 2013 THE CURSE of Norman Lamont makes politicians wary of mentioning the “green shoots” of recovery. But when the data show growth of 0.4 per cent, 0.7 per cent and 0.8 per cent in the first three quarters of 2013, it’s clear. The UK is off life support. Sure, the recovery is heavily consumption-led, with exports [...]
Against the Grain: Why the state’s technology bureaucrats must realise that most things fail December 3, 2013 THE PHRASE “industrial policy” seems to take us back decades. In 1964, the then Labour Prime Minister Harold Wilson’s powerful new catchphrase was the need for Britain to embrace the “white heat of the technological revolution”. Sadly, by the 1970s this vision had deteriorated into a list of institutions, stuffed with dull businessmen and trade [...]
Why we need a radical solution to the crisis in our education system December 3, 2013 THE NEWS that UK pupils have failed to make the global top 20 in the OECD’s Pisa tests in maths, reading and science has sparked suggestions that Britain should adopt East Asian teaching and assessment models. But we don’t need to look to the East for answers. East Asian pupils do indeed perform the best, [...]
Letters to the Editor – 04/12 – Tube fare freeze, Best of Twitter December 3, 2013 Tube fare freeze A real terms transport fares freeze in January is welcome news. But TfL could continue to freeze fares at inflation in future years. It has an annual turnover just shy of £10bn and a capital investment programme in the tens of billions. Freezing fares at inflation for a year costs just £34m [...]
Autumn Statement: How it may affect your finances December 3, 2013 With interest rates already at record lows, the chancellor may have more bad news in store for savers Coverage of the chancellor’s Autumn Statement tomorrow will no doubt focus on the predictable headline-grabbers – fuel duty freezes, corporation tax changes, and heavily-trailed action on energy bills are all candidates. But for savers and investors, some [...]
Gifts for him December 3, 2013 Your guide to what to buy the men in your life this Christmas check out our “gifts for her” guide next week ◆ Technology ◆ Accessories ◆ Drinks ◆ Toys ◆ Food Tech the halls… Our selection of the very best gadgets on sale this Christmas Garmin windshield projecting sat-nav £129.99 garmin.com Bowers & Wilkins [...]
Eat, drink and be merry December 3, 2013 Perfect boozy gifts for the man who wants to unwind in style Bombay Sapphire £29.99 including personalised engraving available at Selfridges on the 10 and 11 December. bombaysapphire.com Mount Gay Rum Old Cask Selection £112.96 thedrinkshop.com Whisky stones ice cube alternatives £15.98 amazon.co.uk Mason Shaker cocktail kit £170 masonshaker.com Crystal Head Vodka £62.50 harveynichols.com Elephant [...]
