Best of the Brokers for 21 April 2015 April 20, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com LONDONMETRIC Panmure Gordon reiterated its “buy” recommendation for the London property firm. LondonMetric has secured another distribution asset disposal for £14.4m, 60 per cent ahead of the acquisition cost of £9m and 27 per cent ahead of Panumure’s full year 2015 value estimate. [...]
Mining shares boosted by new China support – London Report April 20, 2015 MINING stocks helped Britain’s top share index rebound yesterday after China moved to support stuttering growth in the world’s biggest consumer of metals. The FTSE 350 mining index rose two per cent, the top sectoral gainer, after China cut the amount of cash that banks must hold as reserves. The blue-chip FTSE 100 index closed [...]
US stocks rise with tech firms poised to rally – New York Report April 20, 2015 CHINA also boosted Wall Street yesterday as shares ended sharply higher, also buoyed by investors snapping up technology stocks on cautious optimism over upcoming earnings reports. The Dow Jones industrial average rose 208.63 points, or 1.17 per cent, to end at 18,034.93. The S&P 500 gained 19.22 points, or 0.92 per cent, to 2,100.4, and [...]
Greece may not default – but still be insolvent – CNBC Comment April 20, 2015 How important is Greece to Europe? The real answer is that nobody really knows. But time doesn’t stand still, and we are now moving closer to some very real debt repayment deadlines. Athanasios Orphanides, former member of the European Central Bank (ECB) Governing Council, told me last week that he thinks the ECB is in [...]
How the General Election could impact the FTSE 100 – DailyFX Tips & Picks April 20, 2015 With the General Election just weeks away, traders are getting excited about the potential impact on financial markets. There is a multitude of ways of trading it: while some will take a view on the FTSE 100, others will focus on sterling or individual shares. Today we will look at the FTSE 100 since the [...]
Gender equality has become an election issue – but progress remains painfully slow April 20, 2015 Gender equality has been highlighted as an important electoral issue in the political manifestos. All of the main parties want to see better conditions at work for women and they welcomed progress on female representation on boards – vouching to do more, though shying away from embracing quotas. But what is holding women back when [...]
Forget small ideas for big challenges: This is the economic manifesto Britain needed April 20, 2015 Distance sometimes gives you a better perspective. What became clear to me abroad last week was that, in an age of big economic challenges, the ideas in the parties’ manifestos are very small. In fact, we’re seeing a depressing resurgence of misguided giveaways, interventions and price controls. We’d hope a politician would be handsomely rewarded [...]
London’s tech sector will grind to a halt without action on infrastructure April 20, 2015 London’s technology sector may be basking in record levels of investment – £549m in the first quarter of this year alone – but maintaining its success will become increasingly dependent on the capital’s infrastructure being fit for the future. The growth of the digital economy over the past few years has irreversibly reshaped our city. [...]
As a UN official blames anti-migrant rhetoric for boat rescue failures in the Med, is he right? April 20, 2015 Will Jones, lecturer in politics and member of the Refugee Studies Centre at the University of Oxford, says Yes Our politicians are fighting to prove who can be most vicious to foreigners. Who can stop them from claiming benefits for longest, or face the tightest admission requirements, or deported fastest. Our government deported a 31 [...]
Vauxhall’s pocket rocket returns: New Corsa VXR proves heady days of hot hatches are back April 20, 2015 Are there no bargains anymore? Hot hatches used to be value thrill machines, cramming outsized engines into tiny bodies to create instant exhilaration. But then everyone bought small SUVs, seemingly giving up on dreams of one day owning a car that’s actually fun to drive. But hot hatches are having a revival – the model [...]
