Investec boss basks in England Ashes win August 26, 2013 Managing director of Investec bank Bernard Kantor joined in the Ashes celebrations – pictured here with the winning England team at the Oval.
Anderson top of England pile as T20s approach August 26, 2013 WHILE the fate of the Investec Ashes may have been decided, there is still plenty to play for in the race for the England FTI Most Valuable Player Award. The ranking system rewards players for every run scored, wicket taken and catch held across all three formats of the game. Fast bowler Jimmy Anderson is [...]
Analyst Views | What did you make of Kazakhmys’ results? August 22, 2013 LOUISE COLLINGE INVESTEC“The ENRC impairment looks unflattering but should have been expected. The lack of interim dividend is the right decision by the company for cash conservation but may disappoint the market. While costs came in below expectations for the first half, they look set to rise in the second half. PETER MALLIN-JONES CANACCORD GENUITY“The [...]
Analyst Views | Have PPHE’s half year results changed your outlook for the group? August 21, 2013 JACK O’BRIEN LIBERUM CAPITALFirst half revenue and earnings are broadly flat, with the UK market performing strongly and continental European markets remaining challenging…Portfolio growth bodes well and is a long term attraction. PPHE remains too cheap relative to peers. We increase our target price from 336p to 500p. JAMES HOLLINS INVESTECLed by the continued strength [...]
Kentz’s shares soar on rejected takeover offers August 19, 2013 SHARES in Kentz leapt as much as 25 per cent yesterday, after the FTSE 250-listed engineering firm rejected two indicative takeover bids on the grounds that they undervalued the company. Kentz’s larger London-listed peer Amec made an approach on 5 August valuing the company at 565p to 580p per share, valuing the firm at around [...]
Best of the Brokers for 16 August 2013 August 15, 2013 MICHAEL PAGE Oriel upgrades Michael Page to add from hold despite its first half results on Tuesday which showed an 11.4 per cent fall in first half pre-tax profits. Oriel expects recent upbeat economic data to feed through into Michael Page’s markets. FERREXPO Investec lifts its target price to 201p from on iron ore producer [...]
Analyst Views: How is Rentokil looking as chief exec Alan Brown hands over the reins to Andy Ransom? August 14, 2013 MIKE ALLEN PANMURE GORDON The outlook statement looks positive with a pick up expected in the second half. However, we do not think this will drive consensus earnings upgrades with no pick up in Europe seemingly on the horizon. We maintain a ‘neutral’ stance on the shares. CAROLINE DE LA SOUJEOLE CANTOR FITZGERALD The [...]
Train users set for fare inflation pain next year August 13, 2013 COMMUTERS will be saddled with another above-inflation increase in train fares in January, as rail companies get the go-ahead to hike prices. July’s retail prices index, which is used to determine fares for the next year, came in at 3.1 per cent. Rail companies are allowed to add one per cent above inflation, meaning a [...]
London Report: More details of Carney’s policy change are due August 11, 2013 AFTER Bank of England governor Mark Carney’s landmark forward guidance announcement last Wednesday, documents released this week should provide more clues as to how the new policies were agreed. The minutes from the monetary policy committee’s latest meeting, due on Wednesday, are likely to hint at a divide among the members over how comprehensive the [...]
City Moves for 9 August 2013 | Who’s switching jobs August 8, 2013 Clayton Euro Risk The risk management company has announced the appointment of Konstantine Pastras as client development and strategy director. Pastras specialises in residential mortgage-backed securities. He has previously held various roles at DBRS Ratings, Fitch Ratings and Investec. Financial Conduct Authority The regulator has appointed four directors in its supervision division. William Amos was previously [...]