Best of the Brokers for 26 July 2013 July 25, 2013 REED ELSEVIER Numis reiterates its rating of Reed as an “add” and its target at 937p after the information firm announced that its operating profit has risen by six per cent in the first half of the year, ahead of expectations. Reed’s £600m buyback highlights management confidence, the broker said. NEXT Despite believing that Next’s [...]
London Report: FTSE rally stalls on weak results July 25, 2013 A FALL in drinks group SABMiller and engineer GKN knocked Britain’s main equity index off seven-week highs yesterday, with some traders expecting the market’s recent rally to stall in the near term. The FTSE 100 index closed down by 0.5 per cent, or 32.48 points, at 6,587.95 – marking a retreat from seven-week highs reached [...]
New York Report: Nasdaq lifted by Facebook July 25, 2013 THE NASDAQ climbed yesterday, led by a rally in Facebook, but the broader market’s advance was modest on mixed earnings reports. Facebook shares scored their biggest daily percentage gain ever, soaring 31.6 per cent to a session high of $34.88 a day after the social network reported a huge jump in mobile advertising revenue. Disappointing [...]
This isn’t the recovery we expected but we shouldn’t write it off entirely July 25, 2013 GIVEN that we are celebrating a royal birth, it seems appropriate to say “Happy birthday!” to the UK’s economic recovery, which is four years old this quarter. To celebrate, the Office for National Statistics has presented us with one of the better GDP figures we have had in recent times. The output of the UK [...]
The Long View: We greet our new prince and future King as symbol of our hard-fought liberty July 25, 2013 THE FUTURE’S Georgian. But some people seem to have confused the nation’s celebrations at the birth of His Royal Highness Prince George of Cambridge with slavish adulation at the feet of royal power. Such claims make for good Twitter polemics, but little historical sense. The British are, after all, blessed with both an ancient monarchy [...]
Battle of the online giants: Why Facebook continues to surprise its many critics July 25, 2013 BEFORE Facebook surprised the market with a 53 per cent rise in second quarter revenues to $1.8bn (£1.2bn), the social network had had a wretched few months. It was forced to admit it hands data to the US National Security Agency – stirring up privacy concerns. In May, Nissan and Nationwide pulled ads after they [...]
Letters to the editor – 26/07 – Business rates, Best of Twitter July 25, 2013 Business rates [Re: New postcode lending data reveals Britain’s strikingly healthy SME sector, yesterday] SMEs may be performing better than we thought, but there is one area in which London’s smaller businesses are being unnecessarily battered. The current business rates system is cumbersome, complex and frankly bust. Worse than that, it’s driving small firms out [...]
Reach new heights July 25, 2013 Growing pressure on open spaces in the capital has created a surge of interest in properties with roof terraces. Naomi Mdudu rounds up the best on the market. Kensington Roof Gardens, Boundary, Soho House: us Londoners are suckers for a rooftop terrace. Great views over the city and a relaxing spot to indulge in a [...]
Elephant & Castle gets a lick of paint July 25, 2013 One The Elephant is the new development at the heart of the area’s regeneration, promising affordable living in Zone 1 One The Elephant is the latest big tower on the London skyline. When complete, the 37-storey building, which is designed by award winning architects Squire and Partners, will offer 254 new homes, from studios through [...]
Focus on: Chiswick July 25, 2013 NEED TO KNOW | AREA INSIGHT DESPITE being known as the a go-to destination for foodies, there’s more to Chiswick than its impressive stable of quality delicatessens, greengrocers and top-notch eateries. The affluent west London suburb is one of the top commuter hotspots due to its close proximity to central London and offers large properties [...]
