DSGi tips iPad as the Xmas gift to fly off the shelves fastest July 28, 2010 APPLE’S iPad has been tipped to be this Christmas’s best-selling gadget, according to Currys and PC World owner DSGi. The company, which owns 670 stores in the UK, said Apple’s tablet computer will top the list of desirable gifts during the festive season. DSGi predicts that hi-tech gadgets will be the must have items. Jeremy [...]
Energy firms drag down the FTSE as BG fails to deliver July 28, 2010 Britain’s top shares fell yesterday, dragged lower by energy stocks after BG Group reported its quarterly results, and weak US data knocked sentiment. The FTSE 100 index closed down 45.99 points at 5,319.68, having gained almost 4.5 per cent over the last five days, and falling away from the psychologically important 5,400 level. “The near-term [...]
US stocks fall after poor durable figures July 28, 2010 US stocks fell yesterday after weak durable goods figures and a downbeat assessment of the economy from the Fed’s Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average. A three-day rally built on strong earnings boosted the index to close Monday above its 200-day moving average, a closely watched measure of [...]
Virgin Media eyes buyback of its shares July 28, 2010 VIRGIN Media will buy-back up to £375m of its shares as confidence in its cable business rockets. The firm posted better-than-expected second-quarter results, buoyed by signing up an extra 9,100 customers during the notoriously tough trading period. This was compared with a loss of almost 28,000 customers a year ago and a company consensus for [...]
LSE’s Indian adventure gives hope for future July 28, 2010 Stock exchanges continue to be a hot topic for debate both in the City and the wider global markets. Global equity issuance may be at its lowest point since 2005, with just $309bn (£198.2bn) raised in the first half of 2010 as sovereign debt fears weighed heavy, but interest in market developments and competition remains [...]
Russia plans $29bn state asset sell-off July 28, 2010 RUSSIA plans to sell $29bn worth of assets on the open market, a senior government official said yesterday, allaying investors fears about the transparency of the biggest privatisation since the 1990s. The planned asset sale is designed to fill budget holes that Russia is to battle for the next few years. “We will sell significant [...]
CITY MOVES | WHO’S SWITCHING JOBS July 28, 2010 Collins Stewart The financial advisory group has appointed a new equity research, sales and corporate broking team, focused on the mining sector and headed by John McGloin (pictured). McGloin has worked as an analyst for the past eight years at Beeson Gregory and Evolution. He is joined by mining analysts Tim Dudley and Andrei Kroupnik; [...]
BEST OF THE BROKERS July 28, 2010 INFORMA Royal Bank of Scotland (RBS) believes that Informa’s first-half results demonstrated a turning of the cycle –both operationally and from a capital allocation perspective because the firm upped its dividend by 25 per cent. RBS reiterates a “buy” recommendation for Informa and raises its target price to £4.70. WHITBREAD JP Morgan Cazenove retains a [...]
Domestic demand adds to South Korea’s roar July 28, 2010 FROM shipbuilding and car manufacturing to world-class information technology and high-tech white goods, South Korea has gone from strength to strength since the 1960s. In the 1990s, South Korean multinational firms made a deliberate shift towards more high-technology goods and it is now home to well known household names such as Samsung, Hyundai, Daewoo and [...]
Investors need to hedge their equities risk July 28, 2010 SAVVY investors should be moving into any asset class except equities – that’s at least according to Saltus Partners’ Jon Macintosh. Macintosh says that advanced economies’ stock markets are in for a period of downward or sideways movement, potentially for the next decade or more. He claims there’s only one scenario in which investors should [...]
