BEST OF THE BROKERS July 17, 2011 ASSOCIATED BRITISH FOODS Nomura said the recent run of group earnings downgrades looks to be coming to an end. It said like-for-like sales growth of between 2-3 per cent in ABF’s retail division and favourable EU sugar pricing would offset weakness in its ingredients division. It said it was optimistic about a recovery in 2012 [...]
Stress test relief to provide a lift to markets on open July 17, 2011 AND the winner is…” direction for stocks this morning will be driven by the results of the European bank stress tests, which were released at 5pm on Friday, after European stock markets closed. A grand total of eight banks failed the tests, but that number was well below the worst fears of some analysts who [...]
Catch extra profits swing trading with a pitch on India’s cricket tour July 17, 2011 THESE are halcyon days for the England cricket team. Its excellent run has been a very rewarding one for the Barmy Army’s supporters – and for spread betters who have got with the team along the way. With a huge selection of volatile markets and a wide range of different scores recorded, cricket is the [...]
THE WEEK AHEAD in association with GFT July 17, 2011 COMPANIES ● Today, Iceland Foods announces. Investors will hope it doesn’t get frosty results after news that Morrison may bid for some of its individual stores. ● IG reports tomorrow. The spread betting provider could soon be in the FTSE 100. ● On Thursday, the business process outsourcing company Capita will announce. It has been [...]
LEGAL EAGLE SETS THE PACE IN THE STANDARD CHARTERED CITY RACE July 17, 2011 CAN ANYBODY stop Emily Wicks of Punter Southall? Not content with fitting in extra study on top of her long-hours day job at the law firm, Wicks runs an average of 80 miles a week and represents Great Britain at cross country. So it was no surprise that the trainee actuary won this year’s Standard [...]
BILL OF THE WEEK July 17, 2011 STAYING in is the new going out for one investment bank, which entertained clients over a lunch for eight in its boardroom, organised by Sissi Fabulous Food (founders Gregory and Sissi Schaad-Jackson pictured above). The bank brought in two chefs and a butler to prepare and serve the three-course lunch, spending over £500 on sterling [...]
Meet the man behind the wheel at Addison Lee July 17, 2011 RECESSIONS are colonic irrigation for the economy,” John Griffin tells me, “all the crap gets washed out.” He smirks at me. “When things started going down the pan, I employed more staff. 150 drivers, 35 in the central office. I put my foot to the floor because everyone else started scaling back.” Griffin is a [...]
ENTREPRENEURS NEED A GOOD START-UP STORY July 17, 2011 THE creation of new firms is the single most important part of the economic drama,” says Carl Schramm, the chief executive of the Kauffman Foundation, the world’s largest private foundation devoted to encouraging entrepreneurship. He was speaking about the challenges facing the world’s entrepreneurs. While the whole speech was fascinating, that statement really stood out. [...]
ENTREPRENEURS NEWS | IN BRIEF July 17, 2011 SMES ARE NOT TAKING DATA LAWS SERIOUSLY Half of small firms in the UK still believe that the loss or theft of data from their organisation would have no impact on their business, according to new research commissioned by Shred-it, a document destruction company. The survey among 1,000 UK businesses, undertaken by Ipsos, found that [...]
Seaweed and bog myrtle? Yes please July 17, 2011 IT is a bright spring day in the gentrified area of Christiana in Copenhagen, and the houseboat that is the Nordic Food Lab – or the ministry of bonkers food as it should be known, is a hive of activity. Birch twigs are being slowly cooked “sous-vide”, to be turned into tea. Buttermilk is being [...]
