Roux Sr and Jr bring their Michelin-starred food to the Investec Derby at Chez Roux at Blue Riband May 19, 2015 Last year, the World’s Greatest Flat Race joined forces with two of the world’s greatest chefs – Albert Roux and Michel Roux Jr – for Chez Roux on the Prince’s Lawn, a partnership that brought Michelin-starred gastronomy to the Investec Derby. The father and son duo are set for a return, this time taking over [...]
Bwin.party share price rises as GVC joins with poker giant Amaya for new bid May 18, 2015 The battle for online gambling firm Bwin.party accelerated yesterday, with a new entrant to the bidding war. GVC said that instead of pushing for a reverse takeover alone, it was combining its hand with Canadian online poker giant Amaya for a takeover bid worth around €1.5bn (£1bn). A source close to the matter [...]
Mining groups push market up as Lloyds falls – London Report May 18, 2015 Britain’s top share index nudged higher yesterday, thanks to gains in major mining companies, but it was held back by falls in Lloyds and pharmaceuticals company Hikma. The FTSE 100 index gave up early gains to trade up 8.38 points, or 0.1 per cent higher, at 6,968.87 by the close. The index hit a high [...]
Best of the Brokers for 18 May 2015 May 17, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITISH LAND Numis reiterated its “add” rating for the London-based property management company. The broker said London offices are likely to continue to perform for at least the next couple of years, but warned that as market rents test ever higher levels the [...]
Flurry of economic data to shed light on British recovery – London Report May 17, 2015 A STEADY flow of economic data is expected this week, with figures on house prices, producer prices, retail sales and public sector borrowing all scheduled for release. Data out tomorrow is expected to show that the UK experienced unchanged consumer prices year-on-year in April, as was the case in both March and February – although [...]
Investec Comment: Two major implications of the Tory victory May 17, 2015 TO SAY that the General Election result was a surprise barely does it justice. The markets reacted positively to the news that the Conservatives had gained an overall majority, with sterling surging and the FTSE 250 reaching all-time highs. There were three reasons for this. First, stocks in sectors that would have faced tougher regulation [...]
Broad says sorry for absence from sponsor function May 17, 2015 ENGLAND seamer Stuart Broad has apologised to cricket bosses for missing a sponsor’s event ahead of the two-Test series against New Zealand, which starts on Thursday. Broad is reported to have been unable to fulfil the commitment following a night out with former England team-mate Matt Prior, having only returned to his hotel at 7am [...]
Bank of England trims UK economic growth forecast May 13, 2015 BRITAIN’S economy should keep growing solidly, the Bank of England said yesterday, but at a more moderate pace than it had previously hoped. Officials trimmed their growth forecast for the next year to just below three per cent. Consumers can expect a boost from flat prices over the coming months, with inflation likely to turn [...]
Chris Tremlett: I’m not sure we’ve seen the last of Kevin Pietersen in England colours May 13, 2015 It was one of the best knocks I have ever seen and I was lucky enough to be down the other end for some of it. I am, of course, talking about Kevin Pietersen’s career-best innings of 355 not out against Leicestershire at the Kia Oval. Batting at No10, I joined him when he [...]
Elm Park to cement his Investec Derby claims in classy Dante Stakes May 13, 2015 BILL ESDAILE PREVIEWS THE SECOND DAY OF YORK’S DANTE MEETING IT HAS been an extremely odd build-up to this year’s Investec Derby with contender after contender falling by the wayside. Hopefully, this afternoon’s Dante Stakes (3.15pm) will shed some light on what is a fairly confused picture at present. John F Kennedy was the ante-post [...]