A bike with batteries included April 6, 2010 I was once a scooter commuter, before my bike was stolen from my front garden. Scooter travel is convenient and fun. To me, it represented genuine urban freedom. Being able to hop on and off the scooter without any of the paraphernalia that a motorcycle ride demands, and being able to zip in and out [...]
Samsung sees profits up and demand hike April 6, 2010 ELECTRONICS giant Samsung is predicting a surge in flat screen television sales as consumers recover their appetite for spending this year. The world’s largest semiconducter and flat-screen TV maker, which has forecast a record first-quarter profit of 4.3 trillion won (£2.52bn) and sales of 34 trillion won, predicts it will improve its figures in the [...]
Thumbs up to all-day pubs, but not Lynx effect April 6, 2010 During the last month, here at YouGov, we have invited our panellists to give their opinions on anything they like, using our new “tygga” service. The aim is to let panellists use their own words when describing any brand or topic, rather than just asking them to self-prescribe as “satisfied” or “dissatisfied” customers of the [...]
CITY MOVES | WHO’S SWITCHING JOBS April 6, 2010 FinnCap The broker and corporate adviser has appointed retail analyst David Stoddart (pictured) and corporate financier Sarah Wharry to its team. Stoddart is one of the best-known retail analysts in the City, having covered the sector for over 20 years. He joins from Altium Securities and has also worked at Landsbanki, Henderson Crosthwaite Securities and [...]
BEST OF THE BROKERS April 6, 2010 ALLIANZ Execution Noble has upgraded its recommendation on Allianz to a “hold” because it feels the insurer is fairly valued. But Execution Noble said the insurer’s new operating profit guidance for 2010 is hardly inspiring relative to peers. Execution Noble remain cautious over the outlook of Allianz’s property and casualty business. BAYER RBS Equity Research [...]
HSBC aims for $100m with hedge fund April 6, 2010 HSBC Global Asset Management is aiming to raise $100m (£66m) from high street investors and institutional clients for the launch of a hedge fund focusing on emerging markets. The firm will put $20m seed money into the GIF GEM Equity Alpha fund, which will use long and short positions to generate returns with low correlation [...]
US markets flourish as positive news floods in April 5, 2010 Shares of natural resources companies led the gains on expectations that an improving economy would drive up demand. US front-month crude oil futures topped $86 a barrel and gave a big lift to energy shares, with Exxon Mobil Corp up almost 1 per cent and Chevron Corp up 1.3 per cent. The S&P energy index [...]
CITY INDEX April 5, 2010 Q.Dear Josh, last week’s final reading of UK GDP was stronger than first thought. What could this mean for future GDP? A.Last week, the final reading of UK GDP was revised higher to 0.4 per cent and this means that the UK pulled out of its worst post-war recession with greater strength than first thought, [...]
Look to small oil explorers for big profits April 5, 2010 AFTER a 20-year ban, President Obama has given the go-ahead to oil drilling off the Virginian Coast. It would appear that the US hasn’t lost its appetite for hydrocarbons. The green energy revolution hasn’t lost steam, but governments have started to realise that it will take many years before green technology can fulfil the world’s [...]
Wall Street rallies on growth spurt April 5, 2010 The bulls were out in force in the US markets yesterday as its economy received the strongest sign yet that it is on the road to making a full recovery. The Dow Jones soared close to the 11,000 mark, reaching its highest point in over 18 months, following five weeks of consecutive growth. It climbed [...]
