BEST OF THE BROKERS September 28, 2011 BG GROUP Goldman Sachs rates the natural gas company as a “buy” with a target price of 1,760p and adds it to its conviction list. The broker says that BG’s share price performance this year has been lacklustre but that the outlook across its business has improved. Liquid natural gas pricing is up 77 per cent [...]
FTSE weakens on anxiety ahead of new Greek audit September 28, 2011 BRITAIN’S top shares ended lower after a choppy session yesterday, with investors nervous ahead of an audit of Greece’s finances to determine whether it has done enough to secure a new batch of aid. Integrated oils helped limit the FTSE 100’s losses, with BG Group up 3.4 per cent, grabbing the top spot on the [...]
Wall St slides on weak commodities September 28, 2011 COMMODITY related stocks drove Wall Street lower yesterday as stiff declines in energy and metals prices underscored investor concerns about global economic weakness and Europe’s festering debt crisis. The down draft, which comes after three days of gains, put the S&P 500 on course for its worst quarter since the depths of the financial crisis [...]
The European Commission’s plans for a Tobin Tax would threaten the UK’s recovery September 28, 2011 THE call from President Jose Manuel Barroso and the European Commission to set up a European Financial Transaction Tax (FTT) is misguided, not only because it is unlikely to work, but because if it does, it would have a chilling effect on growth and would damage the UK’s competitiveness. It is clear that Europe needs [...]
Businesses can help transform our communities September 28, 2011 AS LONDON and the world gears up for London 2012, there has never been a greater opportunity for the business world to create a lasting social and economic legacy. As politicians search for answers to stimulate growth, enterprise comes up time and time again as a solution. Small businesses are the lifeblood of our economy [...]
Saving the euro could prove costly to the UK September 28, 2011 WITH a stop and a start, a rolling crisis and neverending summits, the Eurozone is edging towards fiscal union to shore up its struggling monetary union. In the sweep of history, this is no surprise – eurosceptics and europhiles alike had forecast that merging currencies would lead to the merging of tax and spending. The [...]
RAPID RESPONSES September 28, 2011 Miliband DebatEd Thanks to Luke Johnson for voicing what everyone is thinking in @cityamforum this morning! Christopher Lomas Conference is about appealing to your base. To suggest Labour will clobber private business is disinformation. Miliband may be useless, but the lurch to the Left is not likely, otherwise Labour can forget power for a generation [...]
Rising sun set to shine again September 28, 2011 THERE is a strong argument that Japanese equities are undervalued. Although the macro situation remains bleak, this doesn’t preclude companies from turning a profit – particularly on the back of Chinese demand. A GOOD DEAL Ben Seager Scott of Bestinvest says “Japan is looking like a fairly attractive investment opportunity at the moment, with cheap [...]
FIVE OF THE BEST MONEY-SAVING SMARTPHONE APPS September 28, 2011 RED LASER Ever wondered if you can buy something cheaper online? Now you can know. Red Laser is a barcode scanning app that allows you to compare like-for-like products on shopping websites such as TheFind, Google Product Search, eBay and Half.com. Free, available on iPhone and Android. SPOTIFY That good old money-saving classic for your desktop [...]
Economically reckless tax championed September 28, 2011 THOUGH most ought to have ceased to be surprised by off-the-wall Eurozone policy announcements and scapegoating speeches, you can always rely on European ministers to pull something out of the bag. And yesterday, Jose Manuel Barroso, the European Commission president, did not disappoint. As the Eurozone quakes in its boots at the prospect of Greek [...]
