Best of the Brokers for 5 August 2013 August 4, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ROTORK Espirito Santo tells investors to “buy” shares in the manufacturing group and has a fair value of 3,050p ahead of first-half results tomorrow. The broker thinks Rotork’s shares have unfairly fallen behind the rest of the industrial sector in the year so [...]
London Report: Carney’s first inflation report in the spotlight August 4, 2013 NEW Bank of England governor Mark Carney will take centre stage this week as he announces the latest Quarterly Inflation Report, plus plans to adopt forward guidance on interest rates for the first time. Forward guidance would give the bank’s Monetary Policy Committee (MPC) a third method of influencing the economy, alongside interest rates and [...]
Wall St The Week Ahead: Market likely to slow down after earnings August 4, 2013 WITH earnings season winding down and the employment report out of the way, the US stock market is likely to shift into a lower gear this week. The earnings season so far has been largely positive with more than half of the companies that have reported beating estimates. But cuts in outlooks from a number [...]
New regulation threatens the success of Britain’s thriving insurance sector August 4, 2013 SINCE the financial crisis, policymakers have focused on regulating banks. But while banking plays a central role in the financial sector, insurance plays another. The UK insurance industry is the largest in Europe. It manages investments amounting to 26 per cent of annual GDP, and accounts for £10.4bn in tax revenue, employing 290,000 people in [...]
City Matters: Innovative new public art is changing perceptions of the “Square” Mile August 4, 2013 THE attentions of many City workers will naturally be turning to exotic destinations as we enter the holiday season. When it comes to choosing a cultural hotspot to visit this year, however, it may be worth looking closer to home – and not just because of the unusually warm British summer of the last few [...]
Why we urgently need to inject competition into our banking sector August 4, 2013 THE banking industry has struggled to generate positive coverage over the past five years and unfortunately, the public largely continues to view it negatively. The question is: will the new regulatory regime, as well as a new governor at the Bank of England, deliver change within our banking system and unleash what is urgently needed – competition? The [...]
Letters to the Editor – 05/08 – Planning laws, tourist bonds, best of Twitter August 4, 2013 Planning Laws [Re: How hidden taxes and levies are pushing up UK house prices, Thursday] Alex Prince, in his letter to the editor last Thursday, implies that opposition to building developments arises exclusively from a local desire to retain green spaces. But another key reason for nimbyism is that an adjacent development will often reduce [...]
Why sometimes the idea can matter less than the execution August 4, 2013 Annabel Palmer talks home cooking with Deepinder Goyal, founder of online restaurant and nightlife guide Zomato THE key to creating a successful startup often lies with having the idea before anyone else gets there. Countless wannabe entrepreneurs have claimed “I had the idea for Facebook long before Zuckerberg,” yet didn’t deem it worth pursuing. But [...]
Innovation Diary: The lessons in failure our entrepreneurs could learn from the US August 4, 2013 TYPICALLY, nine out of ten entrepreneurship ventures fail. A cursory glance at some of the most inspirational business founders of the past decade – like Peter Thiel, who after founding Paypal saw his hedge fund Clarium Capital lose 90 per cent of its $7bn (£4.58bn) assets – suggests the reality of starting up your own [...]
Aussie march to victory set back by rain and bad light August 4, 2013 AUSTRALIA captain Michael Clarke was left fuming yesterday as officials at the third Test forced play to be stopped for bad light, thwarting his side’s bid to record their first Ashes victory of the summer. With the tourists leading by 331 runs and looking likely to declare and put England in to bat, umpires Marais [...]
