THE TIPSTER June 30, 2010 A MONTH ago we pointed out that the outlook for Ladbrokes was bearish with the shares looking more likely to go down than up. Since then, Ladbrokes has fallen 7 per cent, despite what should be a profitable World Cup and the outlook has got even worse. It closed at a 6-month low at 131p, [...]
German unemployment falls June 30, 2010 German unemployment fell for the 12th consecutive month in June thanks to an improvement in business confidence which gave the recovery in Europe’s largest economy a helping hand. In seasonally-adjusted terms, the number of jobless fell by 21,000 taking the unemployment rate to 7.7 per cent. Officially, 3.23m Germans are out of work, the lowest [...]
London home prices up the most June 30, 2010 London and the South West have had the strongest growth in house prices, according to a Nationwide Building Society report. Second quarter London prices were up 13.2 per cent on a year earlier. South West houses are up three per cent and UK prices up 1.9 per cent.
Morgan Stan is top in global IPO rankings June 30, 2010 MORGAN Stanley has topped the underwriting league for initial public offerings (IPOs) in the first half of the year. A few large deals helped propel the Wall Street bank to first place, up from its number three spot at this time last year. It underwrote 36 deals with estimated proceeds of $5.9bn (£3.9bn) in the [...]
AstraZeneca leads flat FTSE after US patent win as BP rises on takeover talk June 30, 2010 BRITAIN’S leading share index was flat yesterday after a choppy session on the last day of the second quarter, with gains by AstraZeneca after a key US patent was upheld just countering weakness in miners. At the close, the FTSE 100 was up 2.65 points, or 0.1 per cent at 4,916.87, notching up a 13.4 [...]
US stocks fall at end of worst quarter since 2008 US stocks fall at end of worst quarter since 2008 June 30, 2010 US stocks staggered to the end of a dismal second quarter yesterday in another low volume session as investors found little reason to take on risk after conflicting economic data. The day ended like many during the quarter, with a late-day sell-off as buying interest waned and investors sold underperforming stocks in the worst quarter [...]
BEST OF THE BROKERS June 30, 2010 LLOYDS BANKING GROUP Credit Suisse has given Lloyds Banking Group an “outperform” rating. It upgraded forecasts for the bank last month after flagging that sustained low interest rates would allow for a £4bn increase in mortgage revenues over the next three years. Base rate expectations have since fallen to record lows, notes Credit Suisse. RESOLUTION [...]
How to learn from Capello’s mistakes June 30, 2010 POOR defending, non-existent marking, a lack of passion – there are numerous reasons for England’s horrible World Cup performance. Interestingly, though, many have argued that all the problems on the field were symptoms of troubles off it. The team, it appears, didn’t get on with the manager. Capello’s boot-camp culture clashed with the laid-back attitude [...]
Portugal vetoes PT Vivo sale June 30, 2010 PORTUGAL TELECOM said yesterday it will seek legal clarification on a decision by the government to veto the sale of its stake in Brazilian mobile phone company Vivo against the wishes of shareholders. Portugal’s socialist government surprised analysts and markets yesterday by invoking its so-called golden share in PT and vetoing the sale of PT’s [...]
Northgate profits rise 33 per cent after cost cuts June 30, 2010 VAN HIRE firm Northgate said underlying pre-tax profits rose 33 per cent to a better than expected £36.5m last year, after a restructuring of its UK and Spanish businesses. The County Durham-based company downsized its fleet of commercial vehicles by 13,500 and shed 130 staff to adjust to slower sales. Its UK branch had a [...]
