Best of the Brokers for 22 May 2014 May 21, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com MORRISONS Deutsche Bank has cut the supermarket to a “sell” rating and lowered its target from 200p to 190p, following the stock’s rally in recent weeks. The broker expects no improvement for now in Morrisons’ dwindling like-for-like sales and does not expect imminent takeover [...]
London Report: Glimmer of light for pharma deal brightens FTSE May 21, 2014 BRITAIN’S top share index edged up yesterday as shares in drug-maker Astrazeneca rebounded on the view that what appeared to have been an unsuccessful £69bn bid for the company may still have a chance of going through. Pharma giant Astrazeneca rose 2.6 per cent, adding the most points to the blue-chip FTSE 100 index, which [...]
Bell Pottinger pulls the crowds at its annual summertime soiree May 20, 2014 HOT ON the heels of the Chelsea preview night, Bell Pottinger yesterday threw another City shindig, pulling Centrica’s Sam Laidlaw and hedge fund legend Sir Michael Hintze back onto the tiles for the second night in a row (although they both shot off early to catch up on beauty sleep). Communications coach to the great [...]
London Report: Vodafone and Marks weigh down on FTSE May 20, 2014 SELL-OFFS in mobile operator Vodafone and retailer Marks & Spencer dragged down Britain’s blue-chip equity index yesterday, after disappointing forecasts from both companies. The benchmark FTSE 100 index closed down by 0.6 per cent, or 42.55 points, at 6,802.00 points. Vodafone took the most points off the FTSE as it fell by 5.5 per cent [...]
Flotation frenzy adds new faces to 2014 Rich List May 19, 2014 THIS year’s swathe of initial public offerings (IPOs) has brought some fresh meat to the Sunday Times Rich List, with the founders of Boohoo.com, AO.com and King all joining the monied pack. AO.com founder John Roberts enters the list at 246th, with a wealth stack of £410m. Boohoo.com founder Mahmud Kamani is a new entry [...]
In Pictures: Stars hit the orange carpet at Veuve Clicquot Award May 13, 2014 Claridge's scrapped the red carpet for an orange one last night, as stars piled in for the Veuve Clicquot Businesswoman Award. There was certainly no shortage of the bubbly stuff as both Thomas Cook's Harriet Green and Jenny Dawson of Rubies in the Rubble picked up gongs and while past winners and runners-up mingled. There [...]
Interview with Dave Gibbons, the legend behind Watchmen May 12, 2014 With the British Library’s Comics Unmasked now underway, Steve Dinneen speaks to the renowned artist about the exhibition ARTIST Dave Gibbons has had a career in comics spanning almost 40 years. He has drawn icons including Batman, Spider-Man, Captain America and Judge Dredd, as well as writing many other highly regarded comics. He has worked [...]
Comics: where to start May 12, 2014 So you’ve visited the British Library’s exhibition and now you want to know more. Here are three seminal comics from British authors to get you started. Watchmen, written by Alan Moore and illustrated by Dave Gibbons, is one of the titles responsible for convincing people that comics aren’t just for kids. It’s a bleak look [...]
How comics reflect a very British psyche May 12, 2014 ARTS COMICS UNMASKED British Library | By Steve Dinneen Four Stars FOR AN art form that is seen as quintessentially American, we Brits have a disproportionately large influence on the world of comics. It wasn’t always so: for decades our publications evolved as largely insular, unmistakeably British alternatives to the musclebound US titles. But in [...]
Morrisons insists its price cuts will win back custom May 8, 2014 MORRISONS chief executive Dalton Philips insisted yesterday that its price-cutting plan will win over customers defecting to discount rivals despite the decline in like-for-like sales worsening in the first quarter of the year. Total sales excluding fuel fell 4.2 per cent in the 13 weeks to 4 May while like-for-like sales slumped 7.1 per cent, [...]