BEST OF THE BROKERS July 7, 2011 NEXT Morgan Stanley rates the fashion retailer as “overweight” with a new 2,930p target price, which implies a 25 per cent upside. The broker said that Next’s brand and customer proposition continued to resonate strongly with UK consumers. It believes the retailer will continue to generate strong cash flows for the foreseeable future and expects [...]
BEST OF THE BROKERS July 7, 2011 NEXT Morgan Stanley rates the fashion retailer as “overweight” with a new 2,930p target price, which implies a 25 per cent upside. The broker said that Next’s brand and customer proposition continued to resonate strongly with UK consumers. It believes the retailer will continue to generate strong cash flows for the foreseeable future and expects [...]
RIGHTMOVE IN WRONG MOVE AFTER RIOTS GAFFE August 9, 2011 RED FACES at Rightmove, after the property website waded into the online chatter about the London riots with a horribly misjudged Facebook and Twitter message about house prices. “Are the riots affecting where you live?” Rightmove asked its 13,600 followers as buildings burned, shops were looted and families feared for the safety of their children. [...]
POACHERS TURNED GAMEKEEPERS SNARE GOLDMAN WITH BEST BREW July 18, 2011 SHARP-suited, discerning of taste and with a generous disposable income they can easily take elsewhere. Yes, the Goldman crew are a tough crowd – but even the investment bank’s most hard-nosed deal-makers are being won over by the new Italian opposite the Goldman Sachs fortress on Fleet Street, which is gaining a reputation for the [...]
Miners and energy firms push FTSE to week’s highest close August 24, 2011 Strong miners and energy stocks helped drive Britain’s top share index to its highest close in a week yesterday in choppy trade as investors jostled for position ahead of a speech by Federal Reserve Chairman Ben Bernanke on Friday. Traders pointed to continued speculation that the Fed could unveil a further round of US quantitative [...]
ANALYST VIEWS: WHAT DO YOU THINK OF MICRO FOCUS’ RESULTS? June 23, 2011 JONATHAN JACKSON | KILLIK & CO The figures were in line with previous guidance. Cash conversion was strong, at 113 per cent, and net debt fell to $14.9m. The final dividend was maintained to give a full-year increase of 7.3 per cent. Discussions are ongoing regarding potential offers, but there is no certainty any offer [...]
Asset manager list shows who is best in class September 11, 2011 A NEW list of the top young asset managers has highlighted the growing importance of emerging markets. More than a quarter of the young asset managers who made the Financial News “40 under 40” list either invest directly in emerging markets or have spent time working or researching in developing countries. The list also reflects [...]
Flybe profits hit by volcano June 30, 2011 SHARES in Flybe remained buoyant yesterday despite the Exeter airline reporting heavy losses after last year’s Icelandic volcanic eruption and arctic winter conditions disrupted flights. The company made an annual pre-tax loss of £4.3m, compared with a profit of £24.6m the previous year. Yet analysts remained upbeat, saying the results were “no surprise” after the [...]
Carlton House ready for Epsom May 25, 2011 HORSE RACING: Investec Derby favourite Carlton House thrilled connections after his final serious piece of work ahead of the big race. “He worked this morning and it was very satisfactory. He seems in good shape,” said trainer Sir Michael Stoute.
Investec sells its Rensburg funds division November 18, 2010 INVESTEC, South Africa’s fifth-largest bank, is selling Rensburg Fund Management (RFM) for £45m, it said yesterday as it unveiled a six per cent hike in underlying operating profit. Franklin Templeton has entered into a conditional agreement to acquire RFM from Investec, which manages about £880m in UK equities, and is a small part of Rensburg [...]