Pursuit in tie-up with Kaercher April 13, 2011 Pursuit Dynamics said yesterday that it had signed development and distribution agreements with Kaercher to coordinate and structure the commercial cooperation between the two companies, which was first announced in April last year. The two companies plan to develop and market global decontamination and disinfection products. Pursuit’s net funds for the year ending 30 September [...]
Toyota halts Europe production April 13, 2011 Auto makers in Europe are bracing for more supply chain disruption after Toyota Motors announced production cuts on the continent due to last month’s earthquake and tsunami in Japan. Toyota said yesterday it would stop production in five European plants for several days in April and May because of a shortage of supplies from Japan. [...]
CITY MOVES | WHO’S SWITCHING JOBS April 13, 2011 PricewaterhouseCoopers Amit Aggarwal has been appointed to lead the retail M&A team at PwC’s corporate finance business. Aggarwal brings more than 15 years’ experience in M&A and private equity to the role, having previously held senior positions at JP Morgan and Baugur. Aggarwal moves from the position of partner at Retail Partners, the retail-focused advisory [...]
BEST OF THE BROKERS April 13, 2011 ITV Nomura rates the media group “buy” with a 115p target price. The broker notes recent press coverage claiming that Simon Cowell might not appear in the X Factor until the final show of the next series, but argues that the show might not suffer severely as a result. It points to the American Idol [...]
FTSE rallies after banks and retailers deliver good news April 13, 2011 THE UK’s top share index closed higher yesterday, boosted by retailers and banks after a sell-off on Tuesday described as “overblown”. At the close, the FTSE 100 was up 45.97 points, or 0.8 per cent at 6,010.44, recouping half of Tuesday’s 1.5 per cent drop and recapturing the 6,000 level. Banks gained after better-than-expected results [...]
Tech stocks push Wall Street higher April 13, 2011 US stocks finished mostly flat in a choppy session yesterday, as investors bet on strong technology earnings even as JPMorgan Chase’s numbers weighed on other market sectors. Network equipment maker Riverbed Technology boosted the industry and helped buoy the Nasdaq after its quarterly outlook. The stock surged 12.4 per cent to $34.74 (£21.32) on four [...]
CRIME DOES PAY AS TV DETECTIVE TURNS £100K HEDGE FUND TRADER April 13, 2011 WHAT do a professional poker player, a former SAS soldier and actor Christopher Fox, otherwise known as DS Max Carter in The Bill, have in common? They are the stand-out contestants in a Trading Places-style experiment to find the hedge fund stars of the future, which has attracted 8,000 applications from every walk of life: [...]
UK companies set to unlock profit out of global growth April 13, 2011 TOM Ewing is the engaging and energetic manager of Fidelity’s UK Growth fund, which has over half a billion pounds under management. The 34 year old scours the country looking for undervalued companies that are able to tap into the increasing wealth of consumers in emerging markets. From the powerhouses of the FTSE, down to [...]
Isa funds to combat low rates of interest April 13, 2011 AFTER yesterday’s inflation figures came in at 4 per cent on the CPI measure, it is expected that interest rates will remain at their current low level for near future. The consensus is that we are unlikely to see a rate hike until late in the third or even fourth quarter. This may be good [...]
Isa Isa Baby: growth and income funds April 13, 2011 WHETHER you are seeking to increase your nest egg or looking for regular returns on your investment, the important thing is that your Isa fund works hard with your money. With interest rates currently at rock bottom, many will be looking to equities over cash. Investment expert Philippa Gee says “stocks and shares Isas are [...]
