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 [...]
Sir Michael to claim Bragging rights in the Middleton May 13, 2015 SIR MICHAEL Stoute’s filly BRAGGING is one that I have been watching for some time now, and I suspect she will be too good for her rivals in York’s Group Two Middleton Stakes (2.40pm). With no sign of rain and her main market rival Ribbons’ trainer James Fanshawe yet to hit top gear, she should [...]
Balding pinning Epsom dreams on Elm Park May 12, 2015 Bill Esdaile visited the Investec Derby hopeful’s trainer to discuss tomorrow’s Dante Stakes at York HAVING missed the 2000 Guineas because of the fast underfoot conditions, Elm Park will finally put his Investec Derby credentials on the line at York tomorrow when he faces seven rivals in the Dante Stakes. “I’m very happy with the [...]
Investec Comment: Why the future is bright for SME finance May 10, 2015 NO ONE needs to be told that it’s been a difficult few years for small businesses seeking finance, and economic recovery has done little to change this picture. The Bank of England’s latest Trends in Lending report found that the annual rate of growth in the stock of lending to small to medium-sized enterprises (SMEs) [...]