Bullish October shows that investors were not spooked October 30, 2011 OCTOBER has a reputation for being a troublesome month for financial markets, and memories of the 1987 crash still linger. So stock market bulls have been cheered by the four-week rally, although there are fears that fresh buyers are reluctant to step in at current elevated levels. This week brings a string of important economic [...]
The rising star tasked with proving the Labour party isn’t anti-business October 30, 2011 WHEN I first met Chuka Umunna, shortly after his election in 2010, it was already clear he was one of Labour’s rising stars. But few thought the MP for Streatham would ascend through the ranks quite so quickly. At the time, he told me he would use his first term to learn the ropes as [...]
FinnCap and Seymour top Aim advisers October 30, 2011 KEITH Harris’s stockbroker Seymour Pierce has remained the City’s top nominated advisor to small and medium-sized listed firms in the past four years despite unprecedented change in the market, research group Morningstar reveals today. Seymour Pierce remains the biggest of all City Nomads, even though its client base has slipped from 101 companies in October [...]
Life insurers to see sales fall on tough economy October 30, 2011 ECONOMIC gloom and a tough three months for financial markets are expected to take their toll on life insurers’ third-quarter sales figures due in the coming weeks, analysts said yesterday. Only a few insurers with a foothold in popular niche markets are expected to outperform, but these will see double-digit sales increases, they said. “Figures [...]
WARM WEATHER EXPECTED TO HIT NEXT October 30, 2011 NEXT, the clothing retailer, is predicted to share in the retail sector’s gloom when it gives its third quarter trading update on Wednesday, after warm weather hit sales. The high-street favourite has largely managed to buck the downward trend in the sector, but is expected to report a fall in like-for-like sales of as much [...]
CITY MOVES | WHO’S SWITCHING JOBS October 30, 2011 Premier Cru Fine Wine Investments Serial entrepreneur Sir Eric Peacock has joined the board of Premier Cru Fine Wine Investments, the fine wine investment adviser, as a non-executive chairman. Sir Eric is a non-executive director of UKTI and the chairman of Baydonhill Fx, Buckley Jewellery, Halo Furniture and Stage Technologies. Earlier in his business career, [...]
BEST OF THE BROKERS October 30, 2011 ELAN Credit Suisse rates the Irish drug firm as “outperform” with a target price of €8.60 (£7.56). The company posted slightly lower than expected third quarter sales, but the broker says this is entirely due to lower sales from its drug technologies division, ahead of its divestment. The company’s underlying net patient add trend was [...]
WALL STREET WEEK AHEAD October 30, 2011 WITH the S&P 500 about to end its best month in almost 40 years, many would be happy to cash in gains and start packing for the ski slopes. But some underperforming investors are being cornered into putting yet more money into US stocks. The S&P 500 on Friday closed its fourth week of gains [...]
Parker and Bale the stars as Spurs continue to climb October 30, 2011 TOTTENHAM (3) vs QPR (1) SPURS boss Harry Redknapp lavished praise on summer signing Scott Parker last night, after the England midfielder starred in a convincing win over London rivals QPR. The visitors struggled to cope with Tottenham’s first–half onslaught and were fortunate only to be trailing to clinically taken goals from Gareth Bale and [...]
Fernandes fully behind Ferdinand October 30, 2011 QPR OWNER Tony Fernandes claims defender Anton Ferdinand has the full support of the club in relation to the ongoing racism row involving England captain John Terry. The Football Association are currently conducting an investigation into whether Terry used an offensive term during the stormy west London derby at Loftus Road earlier this month. Ferdinand [...]
