BEST OF THE BROKERS August 9, 2010 MEGGITT Citi reiterates its “buy” rating on Meggitt saying its recent share price weakness is overdone. Acknowledges that first-half sales were disappointing, but is confident of a second-half recovery. Notes also that first half margins were significantly better than expected, and that cost-cutting continues. “Valuation remains compelling,” it says. RBS Morgan Stanley reiterates its “equal-weight” [...]
Banks boost FTSE past the 5,400 mark after quiet day August 9, 2010 FINANCIAL stocks boosted the UK’s leading share index yesterday, rallying from falls in the previous session following weak US jobs data and supported by energy markers which gained in tandem with crude. The FTSE 100 was up 78.13 points, or 1.5 per cent, at 5,410.52, having closed 0.6 per cent lower on Friday, albeit in [...]
Wall Street pauses ahead of Fed rates August 9, 2010 US stocks rose yesterday in the quietest session of the year on speculation that the Federal Reserve would signal potential steps to boost the sluggish economic recovery. Volume was a mere 5.71bn shares, compared with last year’s estimated daily volume of 9.65bn shares, as investors were wary of taking new positions before the Fed’s statement [...]
Panic over a new global food crisis is over-egged August 9, 2010 TRADERS have been watching wheat markets breathlessly over the past few days as the grain bounced up and then down. Having gained 8.08 per cent last Thursday – up 80 per cent on prices in the middle of June – the grain plummeted on Friday, wiping out much of Thursday’s gain to end the day [...]
TRY SILVER IF YOU WANT A GOOD RETURN August 9, 2010 CFD MARKET STRATEGIST, GFT PRECIOUS metals have had a particularly rough ride of late. Gold has struggled since hitting a fresh all-time high just under $1,265 on 21 June this year, while silver has also retreated sharply after jumping 30 per cent in the first quarter of 2010. Technically, prices for both metals have broken [...]
After waiting in the shadows, the telco sector is looking good August 9, 2010 SINCE the outbreak of the European debt crisis, analysts have sung the praises of the utilities sector. It had all the ingredients to be recession- busting: utility stocks tend to be anti-cyclical, they hold up well when other stocks tumble and they provide a reliable dividend. But as the global economy emerges from recession, some [...]
THE TIPSTER August 9, 2010 TOMORROW sees the latest interim results from FTSE 100 insurer Standard Life. Expectations are running high for a good performance with some market participants looking for underlying profits to have jumped ahead by 50 per cent in the first half of the year. After slipping to its worst levels in more than a year at [...]
A Sunday service with edge August 9, 2010 WHAT’S your idea of perfect Sunday relaxation? Climbing into a barber’s chair and getting lathered up probably isn’t first on many lists, but after discovering the grooming service on offer at West London’s smartly idiosyncratic boys’ own shop Carter & Bond, it’s shot to the top of mine. Carter & Bond is like finding the [...]
Diet must be an integral part of every runner’s training regime August 9, 2010 PERSONAL COACH AT FULL POTENTIAL GOOD nutrition is vital for health and wellbeing. For runners there’s the additional significance of enhanced performance, faster recovery between sessions and the prevention of illness and injury. We should consider diet a key component of the training regime, and that means thinking about how to fuel before, during and [...]
FIT IN THE CITY August 9, 2010 FITNESS & DIET EXPERT Make sure you use those all-important minutes at the gym as efficiently as possible to get the most out of that lunchtime workout. Forget endless reps Research has shown that doing any more than 15-20 reps is a waste of time – you need to be failing at your 20th rep [...]
