ANALYST VIEWS | DO TESCO’S RESULTS SUGGEST A FINANCIAL TURNING POINT? June 11, 2012 CLIVE BLACK SHORE CAPITAL We see this as a steady statement suggesting stabilisation is coming through in the UK, which we find encouraging after sustained underperformance. For the “uber bears” there is no warning, which is an important foundation to the rebuilding of Tesco’s investment credentials. FREDDIE GEORGE SEYMOUR PIERCE We continue to believe that [...]
All aboard: the QM2 does the Atlantic in style June 10, 2012 LEAVING the glamorous glitzy Big Apple on a big glitzy ship felt right. Berthed in the Brooklyn Cruise Terminal, the sharp-prowed Queen Mary 2 looked both huge and majestic. On our taxi ride to the terminal our driver bypassed the anti-capitalist demonstrators in Wall Street, so named for the barrier the Dutch built in the [...]
Facebook tanks further despite new mobile ads June 6, 2012 FACEBOOK shares continued to hurtle downwards yesterday, dropping 3.8 per cent to a new closing low of $25.87 (£16.82) – far below the $38 IPO price. The stock, which had dipped as low as $25.75 during the day, continued to sink in after hours trading in yet another blow for the company’s uber-hyped flotation. But [...]
Facebook falls again as Opera deal talk swirls May 29, 2012 FACEBOOK shares yesterday dropped below $30 for the first time in yet another dismal day of trading for the freshly-listed internet giant. Shares fell by as much as 10 per cent, closing at a new low of $28.84 in a fresh blow for Mark Zuckerberg and the uber-hyped flotation of his Harvard-founded company. One reason [...]
The Facebook debacle deserves a reaction from London May 28, 2012 THE controversies surrounding the historic $104bn flotation of Facebook in the US should have reminded all of us that although the New York financial markets may currently be the place to go for technology flotations, they are not infallible. What is disappointing is that with so much wrangling about how the float was handled, very [...]
Tokyo is vast, fast and very interesting May 27, 2012 IT was about 7AM and the sun from my windows was beginning to wake me up. With my room on the 35th floor of a tower in the business district of Tokyo, the view of the endless city was so intense that drawing my curtains – even while I slept – seemed a waste. I [...]
Nasdaq admits to errors during Facebook’s IPO May 20, 2012 THE CHIEF exec of Nasdaq admitted yesterday that technical problems delayed the opening of Facebook’s initial public offering (IPO) last week. Robert Greifeld said the bungled start was “not our finest hour” after the exchange’s IT system failed to cope with high levels of demand. Eventually, the $38 shares opened at $42 on Friday and [...]
FACEBOOK’S FLAWED MODEL IS A GAMBLE ON POTENTIAL May 7, 2012 DIRECTOR OF CURRENCY RESEARCH, GFT IS THE Facebook IPO a good investment opportunity? Naturally, to research that question I went to Twitter. Within minutes I was able to collect all the relevant information on the pros and cons of the IPO. Therein, in my opinion, lies the problem. Facebook is just not nearly as useful [...]
YOU decide the Watch of the Year May 3, 2012 Blancpain Watch: X Fathoms Description: A charismatic, ultra-complex enhancement of Blancpain’s iconic 50 Fathoms diving watch. Price: £26,170 FP Journe Watch: CS Chronometre Souverain Description: Beautifully purist yet imbued with character, a slimline beauty from one of the world’s finest watchmakers. Price: £21,000 MB&F Watch: Legacy Machine No.1 Description: Classicism meets pure design audaciousness – including [...]
Not just pasties: Inflation will remain too high for comfort March 28, 2012 FOR a Prime Minister whose only private sector job was working in public relations, it is astonishing how bad his government’s communications skills have become. From implausible anecdotes about their pasty eating habits to panic-mongering about petrol shortages, David Cameron, George Osborne and Francis Maude, the cabinet office minister, have been blundering as if there [...]