BEST OF THE BROKERS July 12, 2011 BRITVIC RBS rates the soft drinks maker a “buy” with a £5 target price as it believes Britvic has now hedged against 95 per cent of its input cost inflation – expected to be 9-11 per cent in the UK this year – leaving it protected against further shocks. RBS expects third-quarter trading to be [...]
Stress tests criticised after they fail to examine sovereign default July 17, 2011 EUROPE’S stress tests were too lenient and are sending analysts down a series of “blind alleys” rather than providing the clarity needed to calm the region’s fraught markets, experts have warned. The results of the tests, released on Friday, saw just eight out of 90 banks fail to maintain sufficient capital in an “adverse” scenario [...]
MEET THE ADVISER: GROVEPOINT CAPITAL June 21, 2011 BRADLEY FRIED GROVEPOINT CAPITAL BRADLEY Fried led the advisory for Grovepoint Capital, which also raised finance for the deal. Born in South Africa, Fried began his career in New York with McKinsey & Co. He moved to London in 1999 to join Investec Bank in the UK. He was chief executive at the bank until [...]
MEET THE ADVISER: GROVEPOINT CAPITAL June 21, 2011 BRADLEY FRIED GROVEPOINT CAPITAL BRADLEY Fried led the advisory for Grovepoint Capital, which also raised finance for the deal. Born in South Africa, Fried began his career in New York with McKinsey & Co. He moved to London in 1999 to join Investec Bank in the UK. He was chief executive at the bank until [...]
Injury scare for Derby fave Carlton May 31, 2011 THE QUEEN’S Carlton House, the favourite for the Investec Derby, remains poised for Saturday’s Epsom classic despite an injury scare. The colt was sent for X-rays yesterday after concerns were raised following a workout on Sunday, but is still expected to take part in the world’s most famous flat race. Her Majesty’s racing manager John [...]
ANALYST VIEWS: HOW BAD IS THIS LATEST WARNING FROM C&WW? June 28, 2011 MORTEN SINGLETON | INVESTEC This has never been a story about near-term financials… which is just as well really. While the market reaction should be understandably negative this morning, we believe the potential remains for a doubling of value as a more radical approach is taken to the business. JONATHAN JACKSON | KILLIK & CO [...]
Taking Aim to pass on your wealth August 3, 2011 WRONGLY written off as too risky by many, investing in a managed Alternative Investment Market (Aim) portfolio can be a powerful weapon in the arsenal of avoiding paying more inheritance tax (IHT) than you need. APATHETIC ADULTS Investec has exclusively released the details of a new study to City A.M. that reveals just one in [...]
Investec posts stronger profit November 18, 2010 South African bank Investec posted stronger first-half profit – helped by growth in asset management and showing that its move away from plain lending continues to pay off. The asset manager and investment bank, which is also listed in London, said operating profit totalled £228.15m in the six months to end-September, up 5.6 per cent, [...]
UK trade gap widens as manufacturing exports stall July 12, 2011 The gap between the UK’s imports and exports widened in May, new figures show, in a surprise move that alarmed economists. The trade deficit rose to £4.1bn from £3.1bn in April, as a service sector surplus failed to offset a collapse in exports of manufactured goods. The Office of National Statistics data showed the goods [...]
UK trade gap widens as manufacturing exports stall July 12, 2011 The gap between the UK’s imports and exports widened in May, new figures show, in a surprise move that alarmed economists. The trade deficit rose to £4.1bn from £3.1bn in April, as a service sector surplus failed to offset a collapse in exports of manufactured goods. The Office of National Statistics data showed the goods [...]