CITY MOVES | WHO’S SWITCHING JOBS November 27, 2011 Mayer Brown The global law firm has hired Bernd Bohr as a partner in the corporate and securities practice. Bohr is relocating from the New York office of Allen & Overy to support the expansion of Mayer Brown’s US M&A and capital markets practice in Europe. He specialises in SEC-registered securities offerings, public and private [...]
BEST OF THE BROKERS November 27, 2011 CABLE AND WIRELESS Investec rates the telecommunications firm “buy”, with a target of 53p, down from 59p. The broker says that despite a lack of interest from buyers after its poor first half results there is growing interest from other UK telecommunications companies. The company’s woes stem from poor management, the broker says, and the [...]
Traders keeping a close eye on FTSE after drop to 5,100 November 27, 2011 GLOBAL equities continued to tumble last week with many indices crashing through technical support areas. At the start of the week, the FTSE gapped below its 50-day moving average around 5,350 and went on to trade below 5,100 briefly on Friday. This level is not only psychologically significant, but also important in technical terms. It [...]
WALL STREET WEEK AHEAD November 27, 2011 US investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger. As another round of news and bond auctions from Europe begins this week, traders will watch closely sovereign bond yields that have kept markets on edge. Yields rose in almost [...]
Osborne to find cash for UK builders November 27, 2011 TOMORROW, George Osborne will deliver his Autumn Statement, supposedly focusing on economic growth. There will also be fresh data on government finances from the Office of Budget Responsibility. The statement is likely to contain a mixture of bad news for taxpayers as well as government subsidy for pet ideas. It is unlikely to contain anything [...]
THE WEEK AHEAD November 27, 2011 COMPANY NEWS ● London headquartered conference organiser ITE Group will announce its preliminary earnings for 2011 tomorrow. ● Britvic will announce its preliminary earnings results on Wednesday. The Chelmsford-based soft drinks manufacturer will be hoping that its earnings have a bit of fizz. ● Marston’s Brewery is also set to announce its full-year results on [...]
THE TIPSTER November 27, 2011 MARKETS rarely go up or down in a straight line and why should the FTSE be an exception? Ten straight days of negative closes has left the FTSE 100 looking pretty oversold. Although sovereign debt concerns still hang over the market like a dark shadow, equities could experience a sharp pull back in coming days. [...]
Candlestick charts are a leading light November 27, 2011 CANDLESTICK charting has stood the test of time, with Japanese rice merchant Munehisa Homma (1724-1803) credited as its founder. As a model of price movements, candlesticks are an elegant means of displaying complex information. The candle or “real body” marks a price’s opening and closing positions for a given time period, while the thin wick [...]
Anti-capitalist slogans have real costs: Don’t put down a goose that lays golden eggs November 27, 2011 A COTTAGER and his wife had a hen that laid a golden egg every day. They supposed that the hen must contain a great lump of gold in its inside, and in order to get the gold they killed it.” The protesters in the City understand Aesop’s fable as a warning against the greed of [...]
Back to basics is not the way to resolve high pay November 27, 2011 EXECUTIVE Pay is out of control – official. That’s the message from last week’s High Pay Commission report, which claims that “excessive top pay is deeply damaging to the UK as a whole, and action is urgently required to address it.” However, on the subject of long-term incentives, in particular, it is just plain wrong. [...]
