Best of the Brokers for 11 October 2013 October 10, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ASHTEAD Numis has upgraded the equipment rental firm from “hold” to “add” with a target of 670p, after the shares lagged the rest of the market by 15 per cent in the last quarter. The broker is impressed by the group’s US business [...]
London Report: FTSE roars back as fears of a US default diminish October 10, 2013 THE UK’S top share index bounced off three-month lows yesterday as signs of progress on ending the fiscal stalemate in Washington buoyed sentiment, with banks in particular leading the index higher. Shares in Ladbrokes jumped 2.9 per cent boosted by bid speculation after software firm Playtech, was rumoured to be behind the purchase of a [...]
New York Report: Hopes of debt deal drive rally on Wall Street October 10, 2013 MAJOR US stock indexes posted their strongest rally in more than nine months yesterday after signs of progress in negotiations to raise the US debt limit, at least temporarily. The market rally left the S&P 500 less than two per cent away from its record closing high set three weeks ago, with traders now focused [...]
Misguided energy policies have put Europe on a path to economic decline October 10, 2013 DESPITE rising atmospheric carbon dioxide levels, global climate temperatures have remained flat for the past 15 years, if not a good deal longer. And the UN’s Intergovernmental Panel on Climate Change (IPCC) was last month forced to admit that its own climate models have grossly overestimated climate sensitivity to atmospheric CO2. So why are some [...]
The Long View: Behind the debt ceiling madness lurks the insanity of an uncontrollable state October 10, 2013 THE WORLD has gone mad. No, really. If ever there was a time for even the most sanguine of political analysts to throw up their hands in horror, this is it. Despite minor signs of reconciliation, the leaders of the world’s most powerful country are still steering it towards default pell-mell. The scale of this [...]
Our economic boomlet won’t last if monetary policy remains loose October 10, 2013 THE ECONOMY has rebounded strongly in 2013, surprising the pundits but vindicating “monetarist” optimism. George Osborne, among others, suggests that the economy “is turning the corner”, implying a return to “normality”. Normal, of course, is subjective, but to the average person it probably means an environment in which the economy grows steadily, inflation is contained, [...]
Letters to the Editor – 11/10 – Renewable energy, US debt ceiling, Best of Twitter October 10, 2013 Renewable energy [Re: Our energy crisis, like America’s debt ceiling, is self inflicted, Tuesday] The core issue with many renewables is that they’re only available when the wind blows or the sun shines. This often takes place when energy is not needed in large quantities. They are extremely unreliable, and expensive. James H Rust Wind has [...]
Join an exclusive club in the City October 10, 2013 Luxury developments are stocking up on facilities normally found in five-star hotels HOLIDAYS are great. Want to go to the gym without stepping outside in jogging bottoms? Fancy a swim at 2am? Want to relax in your own private bar? And on top of that, there’s someone on the end of the phone waiting to [...]
New homes hoping to entice families to live in leafy London October 10, 2013 Regeneration project Edgware Green nestled in among four parks, golf, cricket clubs, and tree-lined boulevards IF YOU’RE looking for somewhere leafy to put down roots, you may find a new suburban development in north west London hits the spot. Edgware Green, in Green Lane, on the border of Edgware and Stanmore, is a new-build regeneration [...]
A village in the heart of London October 10, 2013 It’s a tale of two towns with Clapham, but this new property in the Old Town allows residents to sample the best of both worlds CLAPHAM is the Dr Jekyll of south London districts. By day, it’s as genteel as you like. Well-to-do mothers crowd the streets, sipping good quality coffee while gently rocking babies [...]
