BEST OF THE BROKERS February 10, 2010 RIGHTMOVE Collins Stewart thinks that consensus forecasts for FY10 are materially too low. It sets a target price of 690p – well above the current share price of 566p. It expects earnings per share forecasts to increase ten per cent to 30p. Valuation based on long term potential remains unchanged, and the broker advises “buy”. [...]
CITY MOVES | WHO’S SWITCHING JOBS February 10, 2010 Collins Stewart Christian Redman has joined the investment banking group’s wealth management division, Collins Stewart Wealth Management, as an associate director. Redman joins from Barclays Wealth, where he was responsible for managing over £450m on behalf of private clients across multiple asset classes. He has worked at Gerrard (now part of Barclays Wealth) since 1986, [...]
Fears grow for America’s Cup after strong winds delay opening race again February 10, 2010 THE start of the 33rd America’s Cup – international sport’s oldest trophy – has been thrown into chaos after unfavourable winds caused the postponement of the opening race for the second time this week. The best-of-three contest between Swiss defending champion Alinghi and American challengers BMW Oracle was scheduled to get underway in Valencia on [...]
Webber hails Red Bull ‘limo’ February 10, 2010 FORMULA ONE: Mark Webber has described the new RB6 Red Bull car as a “limousine” and says it can go one better than their second-place finish in last year’s world championship. “We only had small aerodynamic changes so we didn’t go crazy,”?Webber said after testing in Jerez. “It shows how clever [designer] Adrian Newey is.”
Golden years of retirement turning sour February 10, 2010 FOUR out of ten “baby boomers” are approaching retirement without setting aside any money each month, a report showed yesterday. Research compiled by insurer Aviva found that people aged between 55 to 64 are laden with debt and have scant resources to fund themselves after stepping down from work. Individuals in the age bracket – [...]
All change for Les Bleus February 10, 2010 RUGBY UNION: France have made two enforced changes to their line-up to face champions Ireland in their crunch Six Nations clash in Paris on Saturday. Vincent Clerc of Toulouse and Brive’s Alexis Palisson come in on the wings after Aurelien Rougerie and Benjamin Fall suffered injuries against Scotland at the weekend.
Farah to take on Bekele February 10, 2010 ATHLETICS: European 3,000m indoor champion Mo Farah is to take on three-time Olympic champion Kenenisa Bekele in Birmingham next Saturday. Farah, the British record holder, goes head-to-head with the Ethiopian in the Aviva Grand Prix at the National Indoor Arena.
Lions make a winning start February 10, 2010 CRICKET: England Lions began their tour of the United Arab Emirates with a comfortable 52-run victory over an UAE ‘A’ team in a Twenty20 match in Sharjah. Hampshire’s Michael Lumb top-scored with 42 off 32 balls in a Lions total of 184-5, while Ian Bell hit an unbeaten 37. Spinner James Tredwell finished with 3-22 [...]
Peugeot Citroen gets a boost from car scrappage scheme limiting its losses February 10, 2010 FRENCH car maker Peugeot Citroen has reported a boost from car scrappage schemes despite reporting a €1.16bn (£1.02bn) loss for 2009. It lost €962m in the first six months of the year, but only €199m in the second half thanks to the the scrappage deals. However the company predicted continued tough times for the car [...]
REVAMPED CITY LIBRARY SET TO RE-OPEN February 10, 2010 THE newly revamped City Business Library and Guildhall Library is set to open this Monday, following a £1.2m redesign by Clerkenwell-based architects, Bisset Adams. The extensive redesign brings the two libraries together, in the first major refurbishment of the Guildhall premises since the 1970s.
