Best of the Brokers for 24 April 2015 April 23, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com GAME DIGITAL Liberum upgraded the video games retailer to a “buy” rating from “hold”, following a capital markets day which “showed that Game can develop and diversify sales and profits over the next 24 months”. While current trading is soft, the broker sees [...]
Quicker ground will be no problem for Shifting Power April 23, 2015 ALTHOUGH all the attention this weekend is on AP McCoy, there is some cracking flat action at Sandown Park this afternoon. The place to start is the bet365 Mile (2.30pm) and the bookies are struggling to split the leading contenders, with the sponsors offering 4/1 co-favourites of four. I actually think it is a little [...]
Cricket Comment: England in need of a spin doctor April 22, 2015 KENT’S James Tredwell did a good job in the first Test against the West Indies in Antigua and gave England a chance of victory with five wickets in the match but I understand the decision to recall off-spinning all-rounder Moeen Ali. He has looked a bit rusty so far in the second Test in Grenada [...]
Best of the Brokers for 22 April 2015 April 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com KINGFISHER Analysts at Investec said Kingfisher’s 10-year strategy launched earlier this month by new chief executive Veronique Laury “left more questions than it answered” and downgraded Kingfisher from “hold” to “sell” but retained its target price of 300p. SAB MILLER Credit Suisse has [...]
Smoothtalkinrascal can get punters off to a flyer at Epsom April 21, 2015 BILL ESDAILE PREVIEWS THE INVESTEC-SPONSORED CARD AT EPSOM TODAY TODAY’S opening Investec Asset Finance Handicap (2.10pm) at Epsom features a couple of well-handicapped sprinters and I’m struggling to split Long Awaited and SMOOTHTALKINRASCAL. The former is a hugely talented horse but seems to always find a way of getting beaten. The fact his last win [...]
Lungarno Palace set to bring unlucky streak to an end April 21, 2015 BACKING a horse that was an unlucky loser on its previous start is arguably a quick way to the poor house. Backing a horse that’s been unlucky in three of his last four starts is probably the quickest route to the mad house, but I’m still keen to take a chance on LUNGARNO PALACE in [...]
Investec Comment: Pensions: The role of structured products April 19, 2015 THE government’s pension reforms have arrived – and attention has inevitably shifted from the technicalities of the new rules to what those at retirement will do with their new-found freedoms. The reforms have given people unprecedented control over their pensions: you no longer have to buy an annuity, you can keep your money invested and [...]
Analyst Views: What was your reaction to Debenhams’ half-year performance? April 16, 2015 DAVID JEARY | CANACCORD GENUITY We remain concerned about Debenhams’ trading prospects for a number of reasons. It remains too early in our view to judge whether Debenhams has been successful in weaning itself and its customers from its traditionally highly promotional high-low pricing strategy. CAROLINE GULLIVER | JEFFERIES Debenhams’ first half results have beaten [...]
City Moves for 17 April 2015 | Who’s switching jobs April 16, 2015 Investec Securities Paul Satchell has been appointed pan-European chemicals analyst at Investec Securities. He joins from Canaccord Genuity, where he has been an equity analyst since 2010. Satchell has almost 19 years’ experience as a sell-side analyst, and has held further equity analyst positions at ING, Merrill Lynch, Flemings and Paribas. He also has 16 [...]
Cricket Comment: Scratching around won’t do, England must find form fast April 15, 2015 IF ENGLAND put a rocky start behind them and win the first Test in the West Indies it will relieve some pressure, but the bigger picture is that they’ve got to be looking ahead to New Zealand and Australia. Both are really tough opponents, so when they visit us this summer England need to be [...]