Best of the Brokers for 24 October 2013 October 23, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com WPP Liberum Capital has reiterated its “buy” rating for advertising and public relations firm WPP and raised its target price from 1300p to 1450p. WPP is expected to post solid third quarter organic growth in its results today and remains Liberum’s top advertising [...]
London Report: Bank falls stop FTSE’s nine-day winning streak October 23, 2013 THE UK’S benchmark equity index fell yesterday to end a nine-session winning streak, as a drop in heavyweight banking shares dragged the stock market down from five-month highs. Nevertheless, several traders felt any pullback would be relatively short-lived and saw the UK stock market rallying into the end of 2013. The benchmark FTSE 100 index [...]
New York Report: Wall St hit as mixed results worry investors October 23, 2013 US stocks fell yesterday as shares of heavy-equipment maker Caterpillar and semiconductor companies tumbled after they reported earnings, ending the S&P 500’s four-session streak of record high finishes. Results from Caterpillar and Boeing, two Dow components, illustrated the quarter’s mixed picture of corporate results and outlooks, which have some investors worried. Caterpillar was one of [...]
The global economy sinks under its debts as the real cost of energy rises October 23, 2013 ALTHOUGH the economy is improving, this is turning out to be “a recovery, but not as we know it”. Britain may be getting better off, but people keep getting poorer, as the costs of essentials continue to grow much more rapidly than incomes. Yet far from being a uniquely British problem, this is a worldwide [...]
The UK economic growth surge exposes the real evidence on bank lending October 23, 2013 WHEN Charlie Bean, deputy governor at the Bank of England, gave his speech this week on the UK’s economic outlook, he admitted that the Old Lady was surprised with what was happening. The Bank’s analysis showed that the “recent run of UK data has been unusually strong relative to market expectations”. There are “at last [...]
We’re entering an era of real-time business with startups setting the pace October 23, 2013 REAL-TIME reaction is the new currency in business and – for the most part – entrepreneurs and lean start-ups are making mincemeat out of big corporates. “Business has sped up in the past ten years,” says Rupert Lee-Browne, founder of broker Caxton FX, which has evolved from order-taking by fax to instant responsiveness in its [...]
How to stay awake at work October 23, 2013 WHEN you’re working hard and juggling social engagements throughout the week, often it gets to the point when something has to give. All too often, that thing is sleep. When was the last time you got a solid eight and a half hours? When it comes to staying healthy and performing well, the importance of [...]
Letters to the Editor – 24/10 – Energy prices, Best of Twitter October 23, 2013 Energy prices [Re: EDF nuclear subsidy is a naive gamble on the future price of carbon and gas, yesterday] Government support for nuclear is not a gamble on gas prices rising, it is a hedge against them doing so. Even at today’s power price, the impact on bills of new nuclear (indeed renewables) is a few [...]
Appy dreams with these sleep-inducing apps October 23, 2013 Sleepmaker Rain Free There’s nothing more conducive to a good night’s sleep than being all tucked up and warm in bed while the rain pitter patters outside. Replicate this feeling with Sleepmaker Rain. Perfect for drowning out the worries of the day. Pzizz £3.99 Pzizz is a popular insomnia treatment favoured by many who have [...]
There’s something in the Air October 23, 2013 Apple’s updated devices are slimmer and faster than ever. Here’s what to expect from this year’s Christmas essential BEZEL The first thing you notice about the new iPad Air is the size of the bezel surrounding the screen. It is far smaller (43 per cent) than the previous models, which makes it less intrusive when [...]
