Best of the Brokers for 18 October 2013 October 17, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com TUI TRAVEL UBS has cut its rating from “buy” to “neutral” and trimmed its target from 410p to 400p following a strong run for the shares. The broker thinks now is a good time to take profits, given that the disruption in Egypt [...]
London Report: BSkyB drives up FTSE for a sixth consecutive day October 17, 2013 BRITAIN’S top share index ended higher yesterday, helped by a surge in media group BSkyB, although investors were underwhelmed by a temporary fix to the United States’ debt issues. The blue-chip FTSE 100 index closed up by 0.1 per cent, or 4.57 points, at 6,576.16 points to mark its sixth straight session of gains. BSkyB [...]
New York Report: S&P hits record high as US deal cheers investors October 17, 2013 THE S&P 500 closed at a record high yesterday as investor confidence grew following a last-minute deal to avoid a US default, but weaker-than-expected results from heavyweights IBM and Goldman Sachs pressured the Dow. The S&P 500’s intraday record of 1732.92 broke the all-time high set 19 September. Over 80 per cent of stocks traded [...]
US radicals have dealt a serious blow to the struggle for small government October 17, 2013 A SCENE from Steven Spielberg’s film Lincoln came to me while watching the US Republican surrender over the debt ceiling crisis. President Abraham Lincoln’s advice to Thaddeus Stevens, a leading opponent of slavery, is almost unmatchable as a universal dialogue between the world’s radicals and the men and women who hope to get things done [...]
The Long View: Pray for your profits: The economist’s eye should never pass over faith October 17, 2013 WHAT has Chicago got to do with Jerusalem? Economics and religion can seem an unlikely match. Yet this weekend I will be discussing at the Barbican Battle of Ideas festival how these very different fields of human knowledge, each questing after its own set of slippery certainties, can inform one another. Studying patterns of religious [...]
Reform the regulators to ensure markets work in the consumer’s interest October 17, 2013 WHEN should governments intervene in markets? George Osborne recently described the Help to Buy scheme as a “necessary intervention” to fix a specific market failure – the shortage of high loan-to-value mortgages. Aside from concerns that this may pump up a housing bubble, Osborne’s comments – and Ed Miliband’s earlier proposal to inject more competition [...]
Letters to the Editor – 18/10 – EU trade falsehoods, Uncertain investors, Best of Twitter October 17, 2013 EU trade falsehoods [Re: The EU debate is critical for business, Wednesday] Helen Brand is wedded to the false argument that EU membership equals jobs. Trade creates jobs, and EU membership is not essential for it to continue. The UK now exports more to the rest of the world than to the EU, enjoying job-creating trade [...]
The best performance from Tom Hanks in over a decade October 17, 2013 FILM CAPTAIN PHILLIPS Cert 12a | By Ben Butcher Four Stars FIRST time collaborators Tom Hanks and Paul Greengrass combine to forge a nerve-shredding film that will surely be among the main contenders in awards season. Captain Phillips is based on the true story of the 2009 hijacking of American freight ship Maersk Alabama by [...]
Paul Rudd can’t save bore-fest in the forest October 17, 2013 FILM PRINCE AVALANCHE Cert 15 | By Simon Thomson Two Stars PRINCE Avalanche is the meandering tale of two men painting road-markings in a Texas forest. It’s exactly like watching paint dry. A loose remake of a 2011 Icelandic comedy called Á Annan Veg (Either Way), Prince Avalanche’s plot is slight. Alvin (Paul Rudd, pictured) [...]
Where to drink October 17, 2013 From the top floor of Centre Point to Japanese-Peruvian fusion mixology AS NOVEMBER approaches, exciting new bars and clubs continue to open in London alongside established venues giving themselves facelifts. Zinc, perched atop the Centre Point building on its 31st floor just below Paramount, looks poised to become the highest destination lounge bar in the [...]
