Dragon’s cloud computing firm lists with Soros among investors May 24, 2013 A CLOUD computing company founded by a star of TV show Dragon’s Den will become the latest technology firm to tap London’s markets for funding this morning. Outsourcery, which counts the newest Dragon Piers Linney as its co-chief executive, will float on Aim, London’s junior market, this morning with a valuation of £35m. The company, [...]
Analyst Views | Did the trading update change your outlook on whitbread? February 26, 2013 JAMES HOLLINS INVESTEC Whitbread’s fourth quarter like-for-like revenue was 2.7 per cent, below our 4.7 per cent forecast… Full year results are on track to be in line with expectations, according to the statement. However, given the unattractive valuation multiples, we retain our “sell” stance. RICHARD HUNTER HARGREAVES LANSDOWN This has been a company which [...]
RBS and Lloyds results look set to show losses February 24, 2013 STATE-BACKED banks Royal Bank of Scotland and Lloyds Banking Group are both expected to announce full-year results this week, with analysts forecasting both lenders will remain loss-making. Investec believes RBS, which will deliver its 2012 figures on Thursday, will announce an attributable loss of £2.2bn for the final quarter – or a £5.6bn loss for [...]
FTSE surges to highest level in over five years February 21, 2013 THE FTSE 100 benchmark equity index edged up yesterday to touch fresh five-year highs but its failure to close above a key technical level led some traders to expect a minor, near-term sell-off. The blue-chip FTSE 100 index closed up 0.3 per cent, or 16.30 points higher, at 6,395.37 points – its highest level since [...]
Best of the Brokers for 20 February 2013 February 19, 2013 STANDARD CHARTERED Shares in the bank rose 2.3 per cent as analysts at Morgan Stanley upgraded it from “equal weight” to “overweight” and upped its target price from 1656p to 1924p. Morgan Stanley said it was “switching our preference from HSBC to Standard Chartered due to the improvement in the Asian economic environment (a positive [...]
Mining and banking shares boost FTSE February 11, 2013 The leading share index was modestly up in early deals, as mining and banking shares boosted the FTSE 100. Russian steelmaker Evraz rose 1.77 per cent. Miner Eurasian Natural Resources was up almost 1.7 per cent in early deals. Last week the Kazakh-focused miner soared more than nine per cent as it reported a jump [...]
Analysts predict another missed inflation target in January data February 10, 2013 INFLATION will come in above target for the 38th straight month when data for January is released tomorrow, analysts have predicted. The consumer price index (CPI) will show inflation of 2.6 to 2.7 per cent, City economists said, marking yet another month above the Bank of England’s two per cent target, with aggressive discounting in [...]
Best of the Brokers February 10, 2013 THOMAS COOK Morgan Stanley rates the travel group “overweight” and has raised its target price from 60p to 100p after last week’s update. The broker has greater confidence that the firm can turn itself around, based on better than expected cost savings and some signs of growth in the Nordic and German markets. The success [...]
Barclays’ investment bankers wait to hear their fate February 7, 2013 When Barclays chief executive Antony Jenkins speaks about shredding Bob Diamond’s legacy, as he did the other day, many of his group’s rivals are hoping he is talking about doing away with an actual part of the bank, rather than a cultural construct. For the growth of Barclays’ investment bank has been one of the [...]
Burberry board change as chief of finance quits February 7, 2013 BURBERRY finance chief Stacey Cartwright is to step down from the luxury group in a management shake-up that will also see the creation of a chief operating officer role. Cartwright, a widely respected industry figure who has been at the fashion house for nine years, is to leave in July “to pursue other interests”, Burberry [...]