BEST OF THE BROKERS August 14, 2011 SHIRE PHARMACEUTICAL UBS upgrades the pharma group to “buy” from neutral and increases its target price to 2,400p from 1,850p. The broker sees a recent retreat in the company’s share price as an ideal buying opportunity, and think the consensus 2013 earnings per share are too low. UBS says that consensus prospects on Shire’s ADHD [...]
Modest gains forecast after a rollercoaster ride August 14, 2011 I AM not really sure where to start this week… and I think many traders feel the same; we know there are opportunities out there, some markets are looking over-valued, some looking cheap, but the sheer scale of the volatility swings witnessed in the past two weeks – the most severe since the collapse of [...]
WALL STREET WEEK AHEAD August 14, 2011 WITH the blow from the 5 August credit rating downgrade behind them, investors will focus on the outlook for the US economy as well as signs that European policymakers may be able to contain the Eurozone debt crisis. Widespread investor panic put the market on a rollercoaster ride last week, with steep losses followed by [...]
Avoiding a wipeout when trading in volatile markets August 14, 2011 AFTER the last few weeks, traders could be forgiven for wanting to shut themselves in a dark room and hide under the duvet. We have had a downgrade of the government debt of a financial superpower, talks of Switzerland resorting to pegging its currency to the euro, and French and Italian authorities banning short-selling. Among [...]
THE WEEK AHEAD August 14, 2011 COMPANY NEWS ● Today, Michael Page International announces. Michael Page is an expert in professional services recruitment, itself employing more than 3,800 people in over 152 offices and 32 countries worldwide. ● Resolution announces tomorrow. It is led by founder Clive Cowdery and John Tiner, who was chief executive of the FSA between September 2003 [...]
THE TIPSTER August 14, 2011 WITH Balfour Beatty reporting half-year results on Wednesday, investors will be hard pushed to draw their attention away from the technicals, which don’t ooze excitement. The stock appears to be in a lasting downtrend with an RSI level below 30, and the fact that it has penetrated its lower daily Bollinger band only backs up [...]
HAYWARD RETURNS TO DEEP WATER OFF COWES August 14, 2011 HOW TIME flies. Barely one year on from the Deepwater disaster in the Gulf of Mexico, former BP boss Tony Hayward is out of his depth again – only this time he is steering Bob, his Farr 52 yacht, around a treacherous rock off the coast of Ireland. Hayward, who spent last week competing at [...]
BILL OF THE WEEK August 14, 2011 WHEN the world has gone mad, stick to what you know, thought six asset managers as they chose Green’s on Cornhill for a nerve-restoring lunch in the week the markets went into meltdown. The soothingly traditional venue delivered comfort food including fish and chips, Dover sole and rump of lamb as clients’ stocks plunged, served [...]
Stringfellow speaks out on his naked ambition August 14, 2011 ARE you really 100 per cent libertarian?” Peter Stringfellow asks a room of Adam Smith Institute supporters. “I consider myself a libertarian but I do question myself occasionally. I want the freedom to compete, but I don’t necessarily want other people to have the freedom to compete with me.” The audience laughs. He is speaking [...]
OUTRUNNING THE CORPORATE COMPETITION August 14, 2011 IT’S HOT and the big beasts of the corporate jungle are getting desperate for easy prey. Gathering around the entrepreneurial watering holes, they are hungrily eyeing up one species in particular, the gazelles. In business parlance being a gazelle is about as good as it gets. Often found on the open plains around London’s Silicon [...]
