BEST OF THE BROKERS October 6, 2010 NORTHERN FOODS JP Morgan Cazenove has moved its rating on Northern Foods back to “underweight” with a new downgraded price target of 40p. The broker says the food manufacturer’s growth and profitability are dependant upon its relationship with UK food retailers and its ability to control its costs. The broker says Northern is likely to [...]
Christmas will come early to the high street October 6, 2010 HIGH-STREET retailers have every reason to be cautious right now. If it isn’t the government squeezing households’ disposable incomes with one hand and hiking VAT with the other, then surges in the prices of commodities such as cotton, which is at a 15-year high, are threatening margins. Only last month Next chief executive Simon Wolfson [...]
Don’t count on a future bailout for Euro bonds October 6, 2010 INVESTORS are increasingly looking for new ways to find decent income as most western bond yields sink ever lower. Many are flooding into emerging market (EM) debt, with iShares having seen its EM bond fund swell to over $1bn. Others are looking closer to home – and they don’t have to look far. Markets are [...]
YEN APPEARS TO BE OVERLY STRETCHED October 6, 2010 SENIOR ANALYST, ETF SECURITIES The Japanese yen has historically been considered as a barometer of risk appetite in the FX market. True to form, it has strengthened as bouts of risk aversion have hit financial markets. Recently, the yen reached 15-year highs and has rallied more than 10 per cent in 2010, prompting official intervention [...]
LISTED PRODUCT NEWS October 6, 2010 AMUNDI LISTED TWO ETFS IN PARIS European ETF provider Amundi this week expanded its product offering by launching two new funds on the Paris stock exchange. The first gives investors exposure to around 20 stocks in the European energy sector and replicates the performance of the MSCI Europe Energy index. The second tracks the EuroMTS [...]
THE TIPSTER October 6, 2010 The Dow is making efforts to reach its April high, but the major companies are about to bring out the next quarterly figures. This means that many are looking to short the Dow below 11,258 with a stop and reverse above, particularly if the market continues to be impressed with company news. WorldSpreads offers a [...]
The world’s best negotiator explains how to get more out of your work October 6, 2010 ON the day that Stuart Diamond arrived in London, a Tube strike had paralysed the city, and the next day when I met him he was still shaking his head in wonder at the whole thing. “The mayor should never have let it get to this stage, so that Londoners are suffering because of two [...]
BOOK OF THE MONTH October 6, 2010 THE MANAGEMENT MASTERCLASS BY EMMA DE VITA Headline, ££10.99 Jeremy Hazlehurst HALLELUJAH. In a world filled with pseudo-intellectual management books, at last comes a thoroughly practical, easy-to-use one bereft of posturing and pretension. If you want a book that gives you a quick-fire tour of the current state of management theory, then this is it. [...]
Brace yourself, Gordon is in town October 6, 2010 Film MONEY NEVER SLEEPS Cert: 12A GORDON Gekko comes to London. If you enjoyed Oliver Stone’s original film, do you really need any other inducement to see Wall Street’s sequel, Money Never Sleeps? For a few brief scenes the financial world’s debonair Mephistopheles can be seen, trademark devil-may-care smirk and all, getting shaved in Trumper’s, [...]
CITY VIEWS: What did the original wall street film mean to you when released back in 1987? October 6, 2010 DAVID BUIK | BGC PARTNERS “Wall Street was a major cult film. The greased-back hairstyles, the £1,000 ‘whistle and flute’, the £150 pair of Churches, Turnbull & Asser shirts and Hermes tie. It was all a great act and no doubt Gordon Gekko was very influential.” QUENTIN SMITH | OLD MUTUAL ASSET MANAGERS “As a [...]
