CITY MOVES | WHO’S SWITCHING JOBS November 13, 2011 Crest Nicholson The house builder has appointed Trevor Selwyn as managing director of a newly formed London division. The new division will have an annual turnover of £100m, developing mid-range sites in and around the capital. Selwyn was formerly at Countryside Properties, and spent his last seven years there as land director for subsidiary Copthorn [...]
BEST OF THE BROKERS November 13, 2011 REXEL Nomura rates Rexel, the French-based electrical supplies company as “buy” against a sector rating of “neutral”, with a target price of €18.00 (£15.00). The bank views Rexel as “a high quality company with the potential to grow organically through specific growth drivers in the market” and notes its solid cash flow. However, the broker [...]
WALL STREET WEEK AHEAD November 13, 2011 WALL Street is stuck in a highly volatile range as investors hoping for a rally into the end of the year are browbeaten by Europe’s unfolding crisis. For months, investors have been enthusing about valuations, earnings and, more recently, signs of an improving economy. Those may be good reasons why stocks should rally, but even [...]
Spotify has the music world gripped – but it won’t be a panacea for squeezed artists November 13, 2011 SPOTIFY is taking over the world, wrapping its tentacles around the music industry like the alien flora from HG Wells’s War of the Worlds. Over the summer it finally announced its long (very, very long) awaited expansion into the US. Then came a transformative deal with Facebook, allowing users to log in and share music [...]
Britain must be ready to bail out Italy via the IMF November 13, 2011 WITHOUT stable financial markets, there is little hope for the sustained growth so essential for economic recovery. The UK economy is a global leader in the financial services sector but this leaves it especially prone to the adverse impact of uncertainty on global financial markets. No UK taxpayer stands by while unimaginably large sums or [...]
The new Lord Mayor’s message for the City November 13, 2011 AS A keen rower since my schooldays, I have a long track record of steering a course through choppy waters. I suspect this may come in useful over the next twelve months. Having taken over as Lord Mayor at a time when the political and economic environment remains turbulent – and popular opinion towards the [...]
RAPID RESPONSES November 13, 2011 Science v politics Marc Sidwell is right to wish for fewer appeals to “consensus” in political life [Let’s agree we’ve had enough of consensus, Friday]. Most political questions are of precisely the kind that do not (and should not) permit consensus. It’s different in science, where “consensus” doesn’t mean passive observance of an agreed party [...]
How to sell your trading homework November 13, 2011 HERE are two innovations that allow traders who have developed a successful strategy or system to make money from it. Zignals and eToro approach things from different directions, but both are interesting developments for traders. ETORO The beauty of the eToro CopyMe system is in its simplicity. If you have a tempting strategy, traders can [...]
THE WEEK AHEAD November 13, 2011 COMPANY NEWS ● Today, Electrocomponents announces its results for the half year ended 30 September. The Oxford-based company is the world’s largest distributor of electronics and maintenance products and will be hoping that there are no blown fuses over the results. ● Lonmin, the platinum producer with the bulk of its operations in South Africa [...]
THE TIPSTER November 13, 2011 THE retreat of gold from the $1,800 highs last week found good support from the former resistance level around $1,750. It finished last week on a strong footing, back above the key $1,772 Fibonacci level. $1,800 proved strong resistance though, so look to either sell short as it approaches it again, or buy above $1,805 [...]
