Best of the Brokers November 7, 2012 ABERDEEN ASSET MANAGEMENT UBS has maintained its “buy” rating on the firm and upped its target price to 370p from340p, after raising multiples to reflect good relative flow prospects for 2013. BLINKX Numis has initiated cover of the video search engine with a “buy” rating and a target price of 104p. The broker sees scope [...]
Re-election joy eclipsed by worries over Eurozone and US economies November 7, 2012 UK stocks fell sharply yesterday after bleak forecasts for the Eurozone economy and fiscal problems in the United States eclipsed initial relief over US President Barack Obama’s re-election. In morning trade the FTSE 100 had hit a level not seen for nearly two months as the Obama win fuelled hopes the US Federal Reserve would [...]
Wall st plunges on fears over US economy November 7, 2012 THE Dow industrials lost more than 300 points in a sell-off yesterday that drove all major US stock indexes down over two per cent in the wake of the presidential election as the looming “fiscal cliff” debate and Europe’s economic troubles returned to the forefront. The Standard & Poor’s 500 Index posted its biggest daily [...]
It was attitudes not demographics that determined the US campaign November 7, 2012 THERE are three things that matter about the US election result, seen from my pollster’s point of view. What do we learn about the role of demographics against attitudes in determining outcome? What might the result mean for the next UK general election? And why did we get that Mitt Romney phantom swing? A lot [...]
The President has a mandate but must now battle the second term curse November 7, 2012 AS AMERICANS congregated around their television sets on election night, all eyes were on Florida. With its 29 electoral college votes, losing the state would put an early end to Mitt Romney’s hopes of winning the White House. But, with quick and decisive victories elsewhere, it was clear that President Barack Obama would win re-election [...]
EU banking union is a vital moment to defend finance November 7, 2012 THE fortunes of UK financial services hang in the balance, as the future of a European banking union is resolved. If we make the right choices now, this could be an opportunity to secure advantages for Britain. By some measures, financial services account for 10 per cent of our GDP and over 10 per cent [...]
Will a second presidential term for Obama improve prospects for the global economy? November 7, 2012 YES Dan Morris Markets like certainty, and the fact that President Obama won a definitive victory must be taken positively. With little change in the make-up of Congress, there is a good chance for a resolution to the issue of the fiscal cliff before the end of the year. However, the fiscal cliff may turn [...]
Rapid responses November 7, 2012 Divided State [Re: So much for the election. Now America must regain its mojo, yesterday] This article is correct. The closeness of this election (a clear reminder that America is still a highly divided country) does nothing to resolve which direction the US should take. With 48 per cent of the electorate behind Romney, there’s [...]
Going back to the exam room can boost a career November 7, 2012 THE investment management certificate (IMC) is both a foundation for those with future plans for the chartered financial analyst (CFA) programme, and a qualification that demonstrates regulatory competence. Run by the CFA Society of the UK, roughly 6,000 students sit the exam each year, and it’s appropriate for anyone entering an investment-related role, be it [...]
There is more to Belstaff than movie fodder November 7, 2012 Leather IS having quite a moment. You might be thinking: when did it ever disappear? But if you cast your mind back a couple of seasons, you’ll remember all the lightweight, colour-blocked fabrics that captured everyone’s imagination – jackets that looked like they should have come with a bike were nowhere to be seen. But [...]
