Best of the Brokers for 20 September 2013 September 19, 2013 GO-AHEAD Morgan Stanley has upgraded the bus and rail group from “equalweight” to “overweight” and raised its target price from 1,545p to 1,860p. The broker is enthused by Go-Ahead’s improving bus unit and sees an attractive free cash flow yield of 14 per cent from 2015. DAIRY CREST Make whey while the sun shines and [...]
London Report: Fed pledge lifts FTSE as mining shares tick up September 19, 2013 BRITAIN’S top share index climbed on yesterday, with the US Federal Reserve’s decision to delay a reduction in its monetary stimulus boosting investors’ appetite for risk-sensitive sectors such as miners. The FTSE 100 index tracked a rally in global equities after the Fed surprised markets on Wednesday night by saying it wanted to wait for [...]
New York Report: Wall St pauses as Fed-driven rally peters out September 19, 2013 US stocks retreated slightly yesterday as investors paused after the Federal Reserve’s decision to keep its stimulus intact sparked a rally that lifted the Dow and S&P 500 to record highs. Major US stock indexes oscillated between modest gains and losses on the heels of Wednesday’s rally, with the S&P showing a swing of less [...]
The Fed’s taper surprise highlights a wider problem with monetary policy September 19, 2013 THE US Federal Reserve’s surprise decision not to scale back its stimulus programme on Wednesday night should not perhaps have been so unexpected. Back in 2010, in those early days of quantitative easing by the US Federal Reserve and the Bank of England, I suggested that both institutions would be tempted to make sure the [...]
The Long View: Computer games have grown up – and they’re an economic powerhouse September 19, 2013 COMPUTER games are serious business. Grand Theft Auto V took $800m (£497m) in 24 hours this week, a record-breaking achievement that rivals the success of blockbuster films. Warner Brothers’ Man of Steel, the third-best box office earner this year according to Variety, only took in $663m. Some are predicting sales for the latest installment in [...]
Why Germany’s boring elections should still spook David Cameron September 19, 2013 FOR A vote touted as decisive to the future of the Eurozone, the German election campaign – which reaches its climax on Sunday – has been lacklustre. With barely any talk of Europe, it’s been defined by domestic issues – from data protection, to rent control and taxation. We Germans love a good debate on [...]
Letters to the editor – 20/09 – Clegg’s tax coup, China’s promise, Best of Twitter September 19, 2013 Clegg’s tax coup [Re: Tories can match Clegg’s income tax coup without punishing middle classess, Wednesday] Dominic Raab makes sense as always, but he’s not in government and his party is still unlikely to win the next election. While it may be cheering to imagine the Conservatives can win the vote on the back of [...]
A right royal mess of a biopic September 19, 2013 FILM DIANA Cert 12a | By Daniel O’Mahony One star OLIVER Hirschbiegel’s film is an excruciating, tacky attempt to tell the story of the last two years of Diana, Princess of Wales’ life, starring Naomi Watts as the press-hounded princess. It revolves around her love affair with heart surgeon Hasnat Khan (Naveen Andrews) and the [...]
Murray set to miss O2 finale with back op to end season September 19, 2013 BRITISH No1 Andy Murray is almost certain to miss November’s ATP World Tour Finals at London’s O2 after accepting he needs surgery to overcome a long-standing back problem. Murray, who looked troubled by the ailment during his unsuccessful US Open defence earlier this month, is set to go under the knife next week and is [...]
Europa League: Villas-Boas stays upbeat as three limp off in Spurs win September 19, 2013 TOTTENHAM HOTSPUR 3 TROMSO 0 TOTTENHAM boss Andre Villas-Boas played down a triple injury scare last night after summer signing Christian Eriksen brilliantly opened his account in a Europa League stroll against Tromso. Recalled striker Jermain Defoe pressed his claim with a typically clinical first-half double that ensured a perfect start to their group stage [...]
