Best of the Brokers for 25 October 2013 October 24, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com TATE & LYLE Panmure Gordon has switched its recommendation from ‘sell’ to ‘hold’ for the famous British producer of sweeteners and starches, yet the target price remains at 750p. The discount to its peer group has widened to around nine per cent from [...]
London Report: FTSE hits a five month high as banks recover October 24, 2013 BRITAIN’S main share index rose yesterday to a five-month high, boosted by strong earnings reports and a rebound in financial and basic material stocks. The blue-chip FTSE 100 index closed up 0.6 per cent, or 38.70 points, at 6,713.18 points, its first close above 6,700 since May. A daily close above 6,700 indicated that the [...]
New York Report: Upbeat data helps to drive Wall St higher October 24, 2013 US stocks resumed their upward move yesterday as economic data underscored views US monetary stimulus will be in place for the foreseeable future and as earnings offered some upbeat news. Shares of PulteGroup jumped after the homebuilder reported results and said a slowdown in new home orders would be “short-lived.” Its shares jumped 7 per [...]
Nick Clegg is wrong: English schools should have more freedom not less October 24, 2013 IN WHAT seemed like a surprise U-turn, deputy Prime Minister Nick Clegg has departed from previous coalition education policy, arguing that academies must hire officially-qualified teachers and follow the national curriculum. This shift isn’t too surprising, however. Clegg is repeating what was decided at the Liberal Democrats’ spring conference. But while this makes his announcement [...]
The Long View: The new totalitarianism of hard work leaves us little time to enjoy its benefits October 24, 2013 THERE’S something repellent about the Conservative Party’s new slogan “For Hardworking People”. I can’t agree with those critics who think it is an empty promise. It reflects the values in which David Cameron believes. It suits the social incentives he is seeking to construct. But while encouraging people to work for their own betterment is [...]
The rise of Islamic finance has exciting implications beyond the Muslim world October 24, 2013 THE FINANCIAL crisis has made many question whether Western financial models can withstand future onslaughts, whether they are even fit for purpose. But Islamic finance (one of the fastest growing financial sectors) withstood the crisis comparatively well. A 2010 IMF study found that, on average, Islamic banks showed greater resilience than their conventional counterparts. So [...]
Letters to the Editor – 25/10 – Deferred costs, Best of Twitter October 24, 2013 Deferred costs [Re: The global economy sinks under its debts as the real cost of energy rises, yesterday] Tim Morgan’s article strikes at the real issue facing the global economy and all of us. Perpetual growth is almost certainly over. The debt problem of the credit crisis has not gone away, it has simply been transferred [...]
Move into the heart of city living October 24, 2013 Make a smart international investment or simply live among some of the world’s most famous landmarks There are certain things non-Londoners take for granted that seem like every-day miracles to those living in the capital. Walking to work is one of them – the morning commute is inescapable in the Big Smoke. You can also [...]
Have a right royal time in Fergie’s former apartment October 24, 2013 Sarah Ferguson’s old flat in Battersea, where she reputedly entertained Princess Di, goes on sale for £1m CAST yourself back to London in 1985 at the height of Thatcher’s reign, ill-judged perms and Dead or Alive’s music career. Partying away in a two bedroom flat around the corner from Clapham Junction and the Battersea Arts [...]
Developer jumping into virtual world to showcase new homes October 24, 2013 Managing director of London developer St George shows Melissa York around their new, hi-tech show suite in Mayfair A BOX of light glows on the top of a miniature tower, signifying a new home. A tap of a tablet later and a screen stretching from floor-to-ceiling presents you with a high-definition view from your new [...]
