Mounting Egypt unrest to send stocks sharply lower January 30, 2011 EUROPEAN stock markets are all expected to trade lower on the open this morning, following the heightened turmoil witnessed in Egypt over the weekend. GFT is quoting the FTSE 100 index to open down 49 points from Friday’s close, at a level of 5,932. Elsewhere in Europe the German Dax is called down 32 points [...]
WALL ST WEEK AHEAD January 30, 2011 US STOCKS may struggle to return to firmer footing this week if anti-government riots in Egypt destabilise the Middle East, keeping investors on edge. Cautious trading could also come if earnings do not outperform and erode optimism about profits. The government’s January jobs report on Friday will highlight the week’s economic data. Monday could see [...]
BEST OF THE BROKERS January 30, 2011 MELROSE UBS has begun covering the industrial acquisition vehicle with a “buy” rating and a target price of 415p. The broker believes that Melrose can sell its Dyncast business for £370m to £400m in the next few months, freeing up resources for a further acquisition. UBS also likes the firm’s high US exposure and forecasts [...]
CITY GOES FOR GREEN AS PUBS VIE WITH BANKS TO WIN ECO AWARDS January 30, 2011 AN eclectic mix of London City stalwarts and independent businesses will come together on Thursday to celebrate their green credentials, at the City of London Corporation’s annual Sustainable City Awards. Competing across 12 categories are banks, asset managers and construction groups – alongside a slew of smaller enterprises that make up more than half of [...]
BILL OF THE WEEK January 30, 2011 WINNING a major contract served as the occasion for this Belgian company to splash out at Boyd’s Restaurant and Bar recently. The hungry diners were relatively restrained in their celebratory booze, racking up only one bottle of Cristal at £250. But they made up for it with a bevy of sambucas, a couple of bottles [...]
Your guide to picking up bargains January 30, 2011 THESE days, it sometimes seems as if nobody seems to try to pick shares any more. Instead, they trade indices, the number of which seem to grow by the day, or other assets like currencies. But following individual companies trials and success remains a particularly satisfying way to trade. Here are a few tips to help [...]
THE WEEK AHEAD January 30, 2011 COMPANY NEWS ● Rupert Murdoch’s News Corp will launch the first iPad only newspaper on Wednesday, The Daily. ● The oil giant Exxon Mobil reports earnings today. ● As does budget airline RyanAir, which releases its third quarter earnings results today. ● Tomorrow the iPhone chip manufacturer ARM Holdings releases its fourth quarter results, which [...]
THE TIPSTER January 30, 2011 THE EMBATTLED oil giant BP may have found support after ingratiating itself with the Russians over the controversial Rosneft deal. But threats continue to linger over the Gulf oil spill and brokers who had been viewing the stock as something of a bargain are now tempering their outlook. Combine this with waning oil prices and the [...]
Blocking out the sirens’ call: how to protect your wealth from emotion January 30, 2011 JOHN MAYNARD KEYNES once said that “there’s nothing so dangerous as the pursuit of an rational investment policy in an irrational world”. Despite that advice, every day, people try to construct rational, risk balanced portfolios. And often they fail, instead buying what is fashionable, or panicking when they should be cool-headed. According to Dr Greg Davies, [...]
Chelsea step up chase for £50m Torres January 30, 2011 CHELSEA are today expected to test Liverpool’s determination to hold on to Fernando Torres by increasing their British record bid, in what looks likely to be a frantic final few hours of transfer activity. The Blues had an initial offer of £35m turned down on Thursday but are likely to return with an improved bid [...]
