Analyst Views | Were Sports Direct’s results in line with expectations? September 5, 2012 PHILIP DORGAN PANMURE GORDON Knock-out numbers from Sports Direct. It has clearly fully-capitalised on the opportunities that the summer of sport has presented. We remain ‘Buyers’, with a target price of 350p. We think that there is also a danger that it could become an internet stock, as online penetration races to 20 per cent [...]
FTSE 100 opens lower on weak economic data September 5, 2012 The index fell in early trading, as investors were cautious on sluggish economic data. A contraction in US manufacturing, following a production slowdown in China, meant shares were little changed ahead of the European Central Bank’s monthly meeting tomorrow. Oil firms and miners clustered in the fallers, with natural resources group Bumi leading the pack, [...]
Coalition 2.0 September 4, 2012 PM reshuffles cabinet but no shift in key policies Change at Transport, NHS, Culture and Justice Boris attacks Cameron over Heathrow expansion DAVID Cameron last night put the finishing touches to his first ministerial reshuffle, with sweeping changes to the lower ranks but with most top cabinet members remaining in place. Despite changing dozens of positions [...]
The Tipster | WM Morrison may get shopped September 3, 2012 THIS week, supermarket chain WM Morrison will announce its latest half-year numbers for 2012. Expectations are for a decline as a result of fiercer competition in its northern heartland. CMC Market’s price on WM Morrison is 276.97-277.63p. Transport firm Go-Ahead reports full-year figures on Thursday, and the general expectation is that the trains and buses [...]
UK focus on ECB meeting outcome September 2, 2012 THURSDAY will be the highlight of the week for economists, with all eyes on results of the European Central Bank policy meeting. While the market waits to hear the latest plans to fix the Eurozone’s debt problem, the Bank of England will also be announcing its latest interest rate decision and asset purchase plan. However, [...]
BT to sell stake in Indian tech firm August 29, 2012 BT is to sell about five per cent of Indian IT service provider Tech Mahindra for about $100m (£63m), two sources with direct knowledge of the situation said yesterday. The UK telecoms company is selling Tech Mahindra shares in the price band of 735 rupees (£8.3) to 790 rupees each, the sources said, a discount [...]
Paralympics visit Tottenham August 28, 2012 THE Paralympics 2012 officially kick off today, and the Dutch seven-a-side football team were having a warm up game yesterday. Not at the Olympic Park, but on another newly created pitch in Tottenham. The team was playing to mark the launch of Cruyff Court, a state-of-the-art games area at the Ferry Lane Estates that has [...]
The financial sector is vital to unlocking Britain’s potential for growth August 19, 2012 AFTER an incredible couple of weeks for the UK, the first leg of London 2012 has drawn to a close. It has shown the very best of Britain, with athletes from over 200 countries coming to demonstrate their excellence. Team GB excelled, just as Britain excels in business. There’s an old joke that the British [...]
Strike appose August 15, 2012 ■ CHICFEED If you love fashion blogs but find it hard to keep track of the many hundreds of thousands out there then chicfeed is the app for you. This gathers together the top fashion blogs from the likes of The Sartoralist, Face Hunter and Cherry Blossom Girl and collates them all into one feed. [...]
Don’t fret: it’s not long until City A.M.’s own Olympics August 13, 2012 FOR many, yesterday was like the hangover one suffers after an excessive night out. The Games are over, the post-Games post mortem has begun. The arguments are many. How do we inspire children to take up more sport? What will happen to the Olympic Park once the Paralympics Games finish in a few weeks’ time? [...]