Best of the Brokers for 27 November 2013 November 26, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com HALFORDS UBS has a “buy” recommendation on the bike and car parts retailer and has raised its price target to 530p from 435p. The broker said that Halfords is beginning to improve its specialist credentials but the majority of the turnaround plan is [...]
London Report: China slowdown knocks fizz out of FTSE’s drinks November 26, 2013 BRITAIN’S benchmark equity index fell yesterday, pulled down by major drinks stocks such as SAB Miller and Diageo on signs of slowing consumer demand in China. But many traders said that any market weakness in November would be followed by a rally in December that could push the index back to its 2013 peaks. The [...]
New York Report: Nasdaq above 4,000 for first time in 13 years November 26, 2013 THE Nasdaq composite index closed above 4,000 yesterday for the first time since 2000, while the Dow and S&P ended barely changed. Retailers and homebuilders were among the best performing sectors, responding to stronger-than-expected earnings and robust housing market data. Tiffany jumped seven per cent to $88.02 and was the S&P 500’s top performer after [...]
The UK can avoid turning Japanese if we stick to the right economic policies November 26, 2013 FOR MOST of the second half of the twentieth century, Japan was a model of economic success – and the envy of the West. Economic growth was around 9 to 10 per cent in the 1950s and 1960s, and 4 to 5 per cent in the 1970s and 1980s. But the wheels came off following [...]
Against the Grain: We should all be anxious about rising divisions – even if intolerance is falling November 26, 2013 BRITAIN is becoming more sharply divided on ethnic lines, according to a worrying study just published by the think tank Demos. Over the past decade, more than 600,000 white people have moved out of London to areas which are more than 90 per cent white. The effect has been strongest among white Britons with children, [...]
Financial and economic flaws in the SNP’s plan make the case for Union November 26, 2013 THE SCOTTISH government independence White Paper, released yesterday, fell flat. If length were the measure of success, it would be a winner. But despite hundreds of pages, it failed to answer the critical questions that Scots have about independence, and it certainly failed to make any case for breaking up the United Kingdom. Economic and [...]
Letters to the Editor – 27/11 – London housing, Payday loan cap, Best of Twitter November 26, 2013 London housing The mayor’s efforts to encourage more housing are to be welcomed. But unless he is given further powers over planning, developers will continue to find resistance among London’s councils, which all have their own interpretations of planning policy. Some are more forward-thinking than others. But with a rapidly-growing population and a severe lag [...]
Mid cap stocks gain favour as UK economic optimism rises November 26, 2013 But don’t write off the more international FTSE 100 blue chips THE UK recovery has finally taken hold. But not only is growth returning, many are now more optimistic about our economic prospects compared to other advanced nations. Last week, the OECD revised down its 2013 global growth forecasts to 2.7 per cent from 3.1 [...]
Review: The Sign of the Don November 26, 2013 FOOD Four Stars VALUE Three Stars ATMOSPHERE Four Stars Cost for two with matched wine and some sherry £148 Address: 21 St Swithins Lane, EC4N 8AD Tel: 020 7626 2606 If you were taking a partner out for an important occasion – an anniversary, maybe, or the death of a loved one – would you [...]
Mix it up: Grab yourself a cornflake Daiquiri this Christmas time November 26, 2013 @philip_salter IN case you hadn’t noticed, Christmas is creeping into our lives, bringing out the inner-child or Grinch depending upon whether your glass is half-full or empty. But whatever your disposition don’t despair – even Mr Scrooge can enjoy the hallowed traditions of Christmas films and gentle inebriation. For those whose glasses are full to [...]
