It’s hotting up for Investec August 18, 2010 AS the days go by a competitive edge is beginning to creep into the Investec team as they take the Garmin #4miler Challenge to a whole new level. The fastest time yet of 27 minutes 58 seconds belongs to 33-year-old private banker David Knott who is clearly reaping the rewards as he prepares for the [...]
finance boss in the wars after hitler gag August 16, 2010 AS A hack, it gets frustrating to be confronted with a deafening silence when asking any financier to stand up and publicly defend the industry against politically-motivated attacks – especially when the same hotshots are perfectly happy to shoot their mouth off when cornered in private. But, refreshing as it is to find an exception [...]
BEST OF THE BROKERS August 16, 2010 SPORTS DIRECT Numis retains its “add” rating on sports retailer Sports Direct after a solid year, with ebitda of £160m in the year to April. But it has revised the ebitda forecast for this year down £7m to £195m due to a tougher trading environment. Nonetheless it believes the business has a strong internet sales [...]
Spurs begin Investec deal with Young Boys fixture August 16, 2010 TOTTENHAM have signed an innovative two-year deal with Investec that will see the bank sponsor their shirts in cup matches only. Spurs’ jerseys will bear the Investec name for the first time this evening, when they take on Young Boys of Bern in the first leg of a Champions League qualifying tie. It is not [...]
Bank heads towards a rift on way ahead August 15, 2010 THE Bank of England is heading towards a rift over what to do about the slowing recovery and rising inflation, according to economists. Analysts at Investec Economics expect the release of this week’s minutes of the Monetary Policy Committee’s (MPC) last meeting to reveal that some members now want to increase the stock of quantitative [...]
Tribal Group receives bid approaches August 11, 2010 TRIBAL Group, which provides government outsourcing services and coordinates school inspections, saw its shares leap yesterday after confirming it had been the subject of a slew of takeover approaches. The interest is thought to have come primarily from private equity companies, with Asia-focused New Silk Route (NSR) or larger rival Capita touted as potential buyers. [...]
Minerva calls EGM following KiFin bust-up August 11, 2010 PROPERTY developer Minerva has called an emergency meeting to drum up support following demands for a boardroom shake-up from rebel investor KiFin, owned by billionaire Nathan Kirsh. In the latest chapter of an extended power struggle at Minerva, KiFin has proposed the sacking of chairman Oliver Whitehead and chief executive Salmaan Hasan and called for [...]
CITY RUNNER | GARMIN #4MILER August 11, 2010 CAPITAL MARKETS, MARKETING ROBERT JOHNSON Best time: 29min 00secs Distance: 4.10m Average pace: 07.25 min/mi Best pace: 06.95 min/mi PEDESTRIANS, traffic, cobbled streets – there could be countless reasons for being forced change your route in the Garmin #4miler challenge. But Investec team champion Robert Johnson was presented with the most novel yet as he [...]
Southern Cross says it will miss profit forecast August 9, 2010 SHARES in Southern Cross Health Care fell sharply yesterday after the care-home operator says it will miss analyst earnings forecasts for the year as public sector spending is scaled back. Shares fell 2.4 per cent in the first half-hour of trading, but pared losses to close one per cent down at 31.25p. The stock has [...]
BEST OF THE BROKERS August 9, 2010 MEGGITT Citi reiterates its “buy” rating on Meggitt saying its recent share price weakness is overdone. Acknowledges that first-half sales were disappointing, but is confident of a second-half recovery. Notes also that first half margins were significantly better than expected, and that cost-cutting continues. “Valuation remains compelling,” it says. RBS Morgan Stanley reiterates its “equal-weight” [...]