Analyst Views: What did you think of Workspace’s full-year performance? June 4, 2014 KATE RENN | PEEL HUNT Workspace’s vast 43 per cent net asset value growth for the year is around 11 per cent ahead of consensus and 15 per cent ahead of our forecast. There was no doubt this growth would come through, but it was not expected to all fall into this year. We are [...]
Services growth beats analyst expectations as sector stays strong June 4, 2014 Service growth remains incredibly strong in the UK, with new survey data revealing that the pace of growth has moderated by a shade. Markit's service sector purchasing managers' index has dropped from 58.7 to 58.6 in May, a fall well short of the drop to 58.2 that analysts had been expecting. Any number above 50 [...]
The Investec Epsom Derby 2014: What does it take to win? June 4, 2014 The world's greatest flat race – The Investec Derby 2014 – is almost here. How does it feel to have the winner of this great Epsom race? What kind of horse does it take? Watch The Investec Derby Film featuring Channel 4's Clare Balding and Nick Luck along with Investec Derby winning trainer [...]
Online discounter MandM Direct reveals plans for £170m float June 3, 2014 ONLINE discounter MandM Direct has become the latest retailer to announce plans for an initial public offering (IPO), expected to value the group between £140m to £170m. The company, owned by private equity firm TA Associates, sells excess stock for over 250 brands such as Adidas and Diesel at discounts of up to 75 per [...]
Jodie Kidd’s family album offers glimpse into Epsom Derby of old June 3, 2014 THE WEEKEND’S Investec Derby is racing towards us faster than a rag of newly shod colts. For those of you slipping into a dress on Ladies Day this Friday, you might be interested to hear that a £5,000 shopping spree at Harvey Nichols is on the horizon for the best dressed racegoer. Harvey Nicks’ fashion [...]
Australia’s drift no concern for jockey O’Brien June 3, 2014 JOCKEY Joseph O’Brien has given Investec Derby favourite Australia a glowing recommendation despite his mount drifting in the betting yesterday. Australia, trained by O’Brien’s father Aidan, eased from odds-on to odds-against with some bookmakers four days before Saturday’s Classic at Epsom. But Aidan, who is bidding to repeat the father-and-son Derby success of 2012 when [...]
What the other papers say this morning – 03 June 2014 June 2, 2014 FINANCIAL TIMES Pay rises for senior bankers hit 10pc Banking chief executives received an average pay rise of 10 per cent last year as US banks handed their heads much more generous packages than their European rivals, highlighting the widening remuneration gap on either side of the Atlantic. The analysis of total pay awarded to [...]
Romsdal given late Derby entry June 2, 2014 JOHN Gosden-trained three-year-old Romsdal has been handed a late entry for Saturday’s Investec Derby. Connections forked out £75,000 to supplement the colt for the Epsom Classic, for which he was one of 17 remaining at the latest declaration stage yesterday. Romsdal was beaten by Orchestra, one of four Aidan O’Brien-trained horses set to contest the [...]
Mortgage approvals fall to July 2013 low June 2, 2014 Mortgages have seen another fall, dropping to 62,918 in April, from 66,563 in March, according to new figures from the Bank of England. That compares with an average of 70,132 over the previous six months. We had a good idea that we'd see that third monthly decline today. Timelier measures from the BBA saw mortgage [...]
Manufacturing sector production increases for fifteenth month June 2, 2014 Growth in UK factory activity remains incredibly strong in the UK, according to the latest survey data from Markit. Their purchasing managers' index softened a touch, from 57.3 last month to 57 in May, right in line with analyst expectations. Any number above 50 implies expansion. Rob Dobson, senior economist at Markit, said that "the [...]