Cantor Fitzgerald, Investec, UBS: Best of the Brokers for 03 December 2015 December 3, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Cantor Fitzgerald has remained a “seller” of Mothercare stock with a target price of 135p, despite the company more than doubling UK profits in the first half. It believes it will struggle to meet the lower end of management’s 2019 underlying pre-tax profit [...]
City A.M. Awards 2015: The City’s top talent comes out to play November 26, 2015 Anyone who’s anyone in London’s corporate jungle came to St Paul’s last night for the sixth City A.M. Awards. The blockbuster black tie-bash was attended by some of the UK’s biggest business icons, from business secretary Sajid Javid to PwC chair Ian Powell, joining together to celebrate the brightest personalities in the financial sector this year. [...]
Defence company shares rise – but should you buy? November 25, 2015 Shares in companies involved in defence leapt this week after the government announced plans to spend an extra £12bn on the “diverse” threats facing the UK. Shares in the FTSE 100’s BAE Systems, Babcock and Rolls-Royce all rose. Analysts are recommending defence stocks as a buy – but should they be in your portfolio? [...]
Best of the Brokers for 24 November 2015 November 24, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Numis have revised their expectations for Close Brothers Group, lowering their earnings per share forecasts for the specialist financial services firm by 5.8 per cent for this year and a similar amount for next year off the back of the firm’s [...]
Bonmarche shares out of fashion with investors despite sales defying mild autumn weather November 23, 2015 Bonmarche's share price fell almost five per cent this morning despite the women's clothing retailer posting a jump in sales as efforts to revamp its stores and make its product ranges more fashionable paid off. The retailer, which has 300 stores but also sells online, through mail-order catalogues and a TV channel, said total revenue increased by [...]
Win-win: Breaking down barriers for young people – Investec Comment November 22, 2015 It is a priority for all businesses to access talented employees from a range of backgrounds, to harness a broad set of skills and experiences. Yet many exceptional young people face barriers to accessing professional jobs – some obvious, many more subtle – that put them off such a career as an option or take [...]
Glencore share price gives up gains November 21, 2015 Shares in troubled Glencore closed down 1.6 per cent to 90.12p per share today, after suddenly slipping into the red this afternoon. This came despite the announcement that board member and former Morgan Stanley boss John Mack has bought 500,000 shares in the company. The company's shares had risen for the third consecutive day at [...]
Investec profits soaring despite crashing South African rand November 20, 2015 Investec, the dual-listed British-South African bank and asset manager, managed to beat forecasts and report 16.5 per cent operating profits,despite the falling South African rand. The bank said its profits, which were at £315m for the six months to the end of September, would have been 22 per cent, were it not for the rand falling 8.2 per cent against the [...]
Lonmin share price falls as shareholders approve crucial rescue plan November 19, 2015 Investors in Lonmin have provisionally approved a rescue plan to enable the embattled platinum miner to raise $407m (£266) through a share sale, as it attempts to stay afloat amid a commodity price storm. Nearly 90 per cent of shareholders backed the South African producer's rights issue, paving the way for it to sell billions of shares at a huge market [...]
Deflation station: Fidelity International’s Maike Currie explains where to invest in a world of no inflation November 18, 2015 It is likely that I will have to write further open letters to you over the coming months…” If you think these are the words of a hopeless romantic penning a letter to their long-distance love, you’re wrong. It’s the Bank of England governor Mark Carney, writing to chancellor George Osborne to explain why [...]