Best of the Brokers for 16 September 2015 September 16, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HOME RETAIL GROUP Haitong Investment Bank has reduced its “fair value” target by 18 per cent to 115p to reflect greater uncertainty over longer term success of Home Retail Group’s modernisation plans for Argos. The broker said that promotional spend in the run-up [...]
Rugby World Cup 2015: Richie McCaw shelves New Zealand retirement talk to avoid frenzy September 13, 2015 New Zealand captain Richie McCaw insists he is determined to prevent talk of his retirement from overshadowing the All Blacks’ bid to to become the first nation in history to defend their Rugby World Cup crown. The 34-year-old flanker, who has made 142 appearances for his country, was given an emotional send off last month [...]
Dixons Carphone share price rises two per cent as it hails strong start to the year September 10, 2015 Dixons Carphone is still going from strength to strength, as it consolidates its position in the sector following last year's merger. Dixons Carphone share price rose two per cent in mid-morning trading on the news. The figures Dixons Carphone reported group like-for-like revenues up eight per cent for the first quarter of the year ending [...]
Black Monday: Tech stocks nosedive with Netflix share price leading the plunge, and Apple, Twitter, Facebook, Google following August 24, 2015 Tech stocks are taking a severe beating as US markets join today’s global stock market rout, with Netflix down over 11 per cent. The US’s tech-heavy Nasdaq index opened over four per cent down, following huge falls in both Asia and Europe amid investors’ fears that China’s slowing economy would lead a global slowdown. Media [...]
Black Monday: Equities bloodbath continues on US markets as Dow Jones and S&P 500 plummet August 24, 2015 US markets continued the trend set by global markets, plummeting in mid-morning trading, with the the S&P 500 and Dow Jones both trading more than four per cent down. That followed huge falls in Asia and Europe, with the FTSE 100 tumbling below 6,000 for the first time since 2012, while stocks in China fell [...]
Black Monday: Billions wiped off FTSE 100 as it falls below 6,000 after China shock August 24, 2015 The FTSE 100 fell below the psychologically significant 6,000 mark this afternoon for the first time since 2012, after stocks in China closed more than eight per cent lower. The market dipped below 5,900 points, more than five per cent lower, at lunchtime, its lowest point this year. Meanwhile, Germany's Dax fell 4.5 per cent and [...]
Oil price rallies on US inventory figures August 5, 2015 Finally, a bit of good news for oil investors: the black stuff was up almost $1 a barrel, or 1.92 per cent, in afternoon trading, after figures showed US inventories had declined for the second week in a row, while Saudi Arabia announced plans to raise prices – but only for its Asian customers . Brent [...]
August 2015 TfL Tube strike chaos: These companies are helping you get through the Tube strike August 5, 2015 The Tube strike starts tonight (5 August) at 6:30pm and will last until Friday morning. While Transport for London is doing its best to issue travel advice and digital companies are offering help to avoid the queues, we are going to need a little bit extra to get through the next couple of days. These companies [...]
Premier League Fantasy Football: Phil Jagielka, Troy Deeney and nine bargain buy players under £7m August 4, 2015 The Premier League season is just days away and so it's time to sign up to your office's fantasy football league and prepare for nine months of desperate dithering on Friday evenings over what transfers your team needs. Read more: Premier League summer transfer window in one graph Perhaps you're already at that stage, building draft [...]
With Lloyds’ PPI bill topping £13bn, should regulators institute a time limit for claims? August 2, 2015 David Buik, a market commentator at Panmure Gordon, says Yes. Lloyds Bank’s decision to buy HBOS when it was drowning in toxic debt, and at an ultimate cost of £25bn to the taxpayer due to its bailout, was injudicious. But the “Black Horse” has recovered remarkably quickly. Though it is not involved in investment banking, [...]