ANALYST VIEWS: ARE TESCO’S SALES RISES ENOUGH TO SATISFY INVESTORS? December 7, 2010 RICHARD HUNTER | HARGREAVES LANSDOWN The high expectations surrounding the company have not been adequately met, as the share price has drifted three per cent, as against a nine per cent hike in the FTSE100. We recommend a cautious buy. SAM HART | CHARLES STANLEY For a company forecast to deliver at least low double-digit [...]
Deutsche Bahn sells Arriva ops December 7, 2010 German state railway Deutsche Bahn (DB) is off-loading the German transport operations of UK bus and train group Arriva to a consortium led by Italian national railway Trenitalia for about £143.3m, it emerged yesterday. DB is selling the business to the consortium, which is also understood to include Luxembourg infrastructure fund Cube, under EU?competition rules [...]
Job placements up in November December 7, 2010 Permanent placements and temp billings rose at the fastest rates for three months in November, according to a UK labour market report released today. The Recruitment and Employment Confederation (REC) and KPMG Report on Jobs, which draws on recruitment consultancies data, showed three-month highs for both permanent placements and temporary billings, following a previous slowdown. [...]
BROWN LAMBASTS CITY December 7, 2010 GORDON Brown has said a new “alien” culture in the City lead to excessive speculation and bonus payments that left banks undercapitalised when the financial crash hit. In his new book, Brown said if bankers had paid themselves 10 per cent less between 2000 and 2007 they would have had £50bn more capital. He said [...]
An Alpine refuge from the Eurozone storms December 7, 2010 FOR centuries, Switzerland has been perceived as one of the safest places to store your wealth. Not only does it have a long legacy of a discreet private banking system it has also been successful at keeping inflation under control, promoting economic growth and keeping its fiscal books in order. Consequently, the Swiss franc does [...]
LABOUR DATA WILL BE KEY FOR AUSSIE December 7, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT The Reserve Bank of Australia (RBA) yesterday left its benchmark overnight lending rate unchanged at 4.75 per cent as expected. The RBA noted: “For Australia, the terms of trade are at their highest level since the early 1950s and national income is growing strongly as a result. Over the next [...]
Trading forex: How to keep losses down December 7, 2010 WHILE traders must accept that some losses are inevitable, there are ways to keep them to a minimum. To help you out, we have asked the experts and listed the top five tips here. 1 TRADE AT A SENSIBLE SIZE It is important to trade a sensible amount. To judge this you must consider what [...]
THE TIPSTER December 7, 2010 WITH fractures appearing in the Eurozone’s plans for a unified bond and the US making overtures for further rounds of quantitative easing, traders have been left hunting out safer plays for their money. As such, the Swiss franc is back in favour and the dollar’s drive back towards parity has been short lived. There’s no [...]
FOREX ANALYST PICKS December 7, 2010 FOREX STRATEGIST ILYA SPIVAK My pick: Short euro-US dollar pending Expertise: Global macro Average time frame of trades: 1 week-6 months I took profits on the short euro-dollar position opened at $1.3762 in mid-November after prices blasted through resistance at $1.3280, the 23.6 per cent Fibonacci retracement of the 4-30 November fall. I suspect some [...]
FAST-TRACK PROMOTION December 7, 2010 THE boss of the O2 Arena in London’s Docklands, David Campbell, is leaving to work alongside Formula One supremo Bernie Ecclestone in the New Year. Campbell is quitting as chief executive and president of AEG Europe, parent of the O2, to join Geneva-based Allsport Management, which sells trackside advertising at F1 venues worldwide. Campbell was [...]
