BEST OF THE BROKERS September 18, 2011 KESA Arden Partners rates the electrical goods retailer as neutral after a “dismal” first quarter trading update and cut the target price to 90p. It said it had little confidence in either the group’s earnings visibility, because of uncertainty about the future of Comet and Eurozone worries, or in the management team. Arden cut its [...]
Stocks to rise on Fed expectations September 18, 2011 AN apparent uptick in confidence over Europe’s future is set to take stock markets higher this morning, underscored by Wall Street closing up on Friday for a fifth successive day, combined with hopes of further impending action from the Federal Reserve later this week. GFT quotes two-way prices on stock indices around the clock, even [...]
WALL STREET WEEK AHEAD September 18, 2011 WALL Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the Eurozone debt crisis if US stocks are to build on their best week since early July. Investors expect the Federal Reserve to take steps to pull down long-term interest rates when policymakers meet [...]
The dragon who came from the Aussie Outback September 18, 2011 RICHARD Farleigh is probably best known for his appearances on BBC’s Dragons’ Den. He should, however, be known for being a foster care kid who went on to be one of the world’s richest hedge fund managers in the 1990s, and then a successful entrepreneurial investor with brands like Net-a-Porter and Reggae Reggae Sauce to [...]
ALTERNATIVE FUNDING FOR ENTREPRENEURS September 18, 2011 ASK entrepreneurs to name the biggest challenge they face in expanding their business and I would expect most to say raising the finance they need to grow. Whether it is thousands or millions, generating the capital required to expand will at some stage be on the agenda of every ambitious business. As a country we [...]
ENTREPRENEURS NEWS | IN BRIEF September 18, 2011 MAKING MENTORS OF ENTREPRENEURS A new campaign from Virgin Media Pioneers has been launched to address the challenges faced by aspiring entrepreneurs. The campaign plans to make mentors of experienced business owners such as Wilfred Emmanuel-Jones, the founder of The Black Farmer and Joe Cohen, the founder and CEO of Seatwave. The programme will be [...]
Diverging EU equities and bonds September 18, 2011 DESPITE the torrent of bad news that has hit the Eurozone, the equity markets keep bouncing back. With every platitudinous comment from a Eurozone minister that “everything is going to be ok” and that they have everything under control, the markets have rallied. At first glance, the rally in the STOXX 600 is particularly surprising [...]
THE WEEK AHEAD September 18, 2011 COMPANY NEWS ● Gulfsands Petroleum, Highland Gold Mining and Petra Diamonds all announce today. All are looking for strikingly good results. ● Tomorrow, the UK-listed holding company of the Carnival group – the world’s largest cruise ship operator is dual-listed in New York and London – announces. It will be hoping for smooth sailing. ● [...]
THE TIPSTER September 18, 2011 DEPARTMENT store Debenhams is releasing a trading statement tomorrow. Traders are finding it tough to be optimistic after poor August UK retail sales and consumer confidence figures. Rival John Lewis released its latest figures and found the first half of the year tricky. Capital Spreads quotes 60.7p-61.1p. Alliance Trust has been in the press lately [...]
History lives on in the City of Angels September 18, 2011 WELCOME to LA. Embrace the pain!” jokes leading man Scoot McNairy in the touching 2007 indie flick In Search Of A Midnight Kiss. McNairy’s character is a failed, lonely screenwriter trying to woo a failed, lonely actress (Sarah Simmonds) on a New Year’s Eve date. His poignant words echo around the famous Orpheum Theatre, a [...]
