EU referendum: 70 per cent of European finance professionals would vote against Brexit – could Cyprus change its EU relationship before the UK? November 3, 2015 Britain will remain in the European Union, while Cyprus is the country most likely to follow Greece out of the EU, according to a new poll out today. MNI, Deutsche Boerse’s research arm, surveyed finance workers from 21 countries to gauge market sentiment toward the Eurozone. An overwhelming majority of respondents said backed Britain remaining [...]
HSBC share price down sinks despite smashes expectations and shrugging off China slowdown – but no news on headquarters move November 2, 2015 HSBC has beaten expectations for profits in the third quarter, shrugging off the slowdown in China. The figures The UK’s biggest bank reported a jump in pre-tax profit to $6.1bn (£3.95bn) for the third quarter, from $4.6bn during the same period last year. This outstripped most analysts’ expectations, which hovered around $5.2bn. Revenues, however, fell four per cent year-on-year, [...]
With the FTSE 100 flat since January, will a Santa Rally bring festive cheer to investors in the index? November 1, 2015 Chris Beauchamp, a senior market analyst at IG, says Yes. Sell in May and go away is an adage that investors never tire of repeating. But perhaps they would be better served by learning “buy in October and hold until New Year”. Seasonal trends indicate that the final quarter is the best period for the [...]
UK house prices: Combined wealth of UK property investors rises 40 per cent in a year, hitting a record £306bn October 30, 2015 The UK's real estate investors are richer than ever before, with £306bn of wealth – a new record. That's according to the Estates Gazette Rich List, which said this was the first year the figure had risen above £300bn. It's a 40 per cent jump since 2014, when the total figure was £218.3bn. What's surprising is [...]
China’s Baidu sees shares jump by over six per cent as company reveals growth in mobile business October 29, 2015 Chinese search engine Baidu saw shares shoot up by over six per cent in after hours trading, after the company said its solid third quarter performance had given it confidence to keep investing The figures The company reported earnings per share of 7.92 renminbi (£0.81) for the three months to 30 September, surpassing analysts' expectations [...]
As the Chinese government scraps its one-child policy after 35 years, is the move now meaningless? October 29, 2015 Danae Kyriakopoulou, an economist at the Centre for Economics and Business Research, says Yes China remains the world’s most populous nation, having doubled its population over the past 50 years. The working-age population has grown especially strongly. It’s only recently that its one-child policy has started to weigh on China’s demographics. This shows that demographic [...]
LinkedIn share price rockets after revenues jump 37 per cent beating forecasts October 29, 2015 LinkedIn, the professional networking site, saw its shares shoot up 11.71 per cent after markets closed when it released its third quarter results. The figures LinkedIn beat expectations handsomely, with earnings per share of $0.78 compared to forecasts of $0.46. Revenue for the last three months was $780m (£509m), a jump of 37 per cent, [...]
Emerging markets and commodities: These are 2015’s seven worst-performing funds October 29, 2015 To say investors have been having a rocky 2015 is putting it mildly, with concerns over China’s worsening slowdown, a continuing commodities rout, and emerging markets getting pummeled. And all that before Black Monday came along and pulled the rug from under our feet as Chinese stocks fell to the floor on 24 August. But [...]
Deutsche Bank share price dips as it posts €6bn loss and announces plans to cut jobs October 29, 2015 Embattled lender Deutsche Bank posted a €6bn (£4.3bn) loss for its third quarter, adding it will cut thousands of jobs as part of its turnaround plan. Still, that loss isn't as bad as the €6.2bn loss it warned of in October… Read more: Deutsche Bank's big shake-up – here's everything you need to know The figures [...]
Best of the Brokers for 28 October 2015 October 28, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Shore Capital has reiterated its “buy” rating with a target price of 695p. It said: “We believe the soft drinks market in the fourth quarter of Britvic’s financial year – July to September 2015 – was a particularly challenging period for the [...]