Isbank earnings up for 2010 February 14, 2011 Isbank, Turkey’s biggest listed lender, said 2010 unconsolidated net profit rose 26 per cent to 2.98bn lira ($1.9bn) as lending grew. Fourth-quarter net income rose six per cent to 603m lira.
CITY MOVES | WHO’S SWITCHING JOBS EDITED BY JULIET SAMUEL February 14, 2011 Mazars The law firm has appointed a national head of tax in the UK: Tim Davies (pictured). He has been at the firm for four years, advising on a range of clients. He will now head up a practice of more than 200 professionals in tax. Previously, he worked at advisory firms PricewaterhouseCoopers, Ernst & [...]
BEST OF THE BROKERS February 14, 2011 HARGREAVES LANSDOWN Morgan Stanley rates the financial services firm “overweight” with an increased target price of 703p. The broker thinks that the firm still has potential for positive earnings surprises and has raised its target by 15 per cent following the firm’s half-year results. It also expects further margin expansion driven by operating leverage and [...]
FTSE drops as mining rally fails to counter bank jitters February 14, 2011 BRITAIN’S leading share index closed marginally lower yesterday as weaker financials prevailed over a mining rally inspired by upbeat economic data from China. Chip designer ARM Holdings was the top riser, up 6.6 per cent, with traders citing favourable broker comment as the mobile world met in Barcelona. Goldman Sachs said ARM’s management underscored its [...]
US sees small gains on slow trading day February 14, 2011 ENERGY and commodity shares lifted Wall Street to modest gains yesterday, but the lowest volume so far this year indicated the equity rally may be near a top. The Dow Jones industrial average dipped 5.07 points, or 0.04 per cent, to 12,268.19. The Standard & Poor’s 500 Index rose 3.17 points, or 0.24 per cent, [...]
Don’t blame speculators for soaring food prices February 14, 2011 Experts often tell us that retail investors should steer well clear of speculating in the soft commodities market. It’s too risky, they warn, with too many variables for the average private investor to make a fully informed choice. Chuck in a splash of unpredictable weather and a dash of political interference, and it’s all too [...]
GEOPOLITICAL RISK HAS NOT GONE AWAY February 14, 2011 CFD MARKET STRATEGIST, GFT The major US, European and UK stock indices continue to grind higher. Geopolitical concerns have been shrugged aside as investors bet that Mubarak’s departure will lead to a calmer period in Egypt and elsewhere. However, it would be premature to conclude that the intensity of the civil unrest across North Africa [...]
THE TIPSTER February 14, 2011 AFTER its troubles over the last few months it seems that Rolls Royce is continuing to impress potential clients. The continuous stream of servicing contracts is positive enough to keep the company share price recovering after the recent engine issues. The share price has continued this recovery since the issues towards the end of 2010, [...]
The Codfather on life, fish and Nobu’s enduring success February 14, 2011 IF it weren’t for Nobu, it’s hard to know where Victoria Beckham, Madonna and Kate Moss would eat out when in London. Synonymous with tip-top Japanese fusion cuisine and celebrity glamour, nobody has ever synthesised food with “scene” in quite the dynamite way that Nobu has. With restaurants in LA, New York, London, Mykonos, Dubai, [...]
CITY DAD February 14, 2011 IT’s like this Noel. Daddy, well, daddy’s friends, at work, they think they can make something better than the people who are making it already. And so…” I look down at my son, six next month, wriggling expectantly in the half-light, his Spiderman duvet pulled up beneath his chin. He’ll repeat all of this tomorrow [...]
