ANALYST VIEWS: WHAT DOES TODAY’S ANNOUNCEMENT MEAN FOR SAGE? January 26, 2011 JULIAN YATES | INVESTEC Today’s announcement adds very little to the investment case, positive or negative, for Sage. It describes trading for each region being in line with expectations, and net debt, at £187m, is also unsurprising. Although we see the potential upside as significant in the long term, we continue to view operational investment [...]
ANALYST VIEWS: WHAT DOES TODAY’S ANNOUNCEMENT MEAN FOR SAGE? January 26, 2011 JULIAN YATES | INVESTEC Today’s announcement adds very little to the investment case, positive or negative, for Sage. It describes trading for each region being in line with expectations, and net debt, at £187m, is also unsurprising. Although we see the potential upside as significant in the long term, we continue to view operational investment [...]
ANALYST VIEWS: SHOULD WE TAKE THE GDP FIGURE AT FACE VALUE? January 25, 2011 ANDREW GOODWIN | ERNST & YOUNG ITEM CLUB We find it difficult to believe the economy is really as weak as these figures suggest. This view quite simply does not square with what survey indicators are telling us. The ONS has little hard data to base this first release on, so we see the prospect [...]
ANALYST VIEWS: SHOULD WE TAKE THE GDP FIGURE AT FACE VALUE? January 25, 2011 ANDREW GOODWIN | ERNST & YOUNG ITEM CLUB We find it difficult to believe the economy is really as weak as these figures suggest. This view quite simply does not square with what survey indicators are telling us. The ONS has little hard data to base this first release on, so we see the prospect [...]
Investec may sell Rensburg fund division July 7, 2010 SOUTH African bank Investec yesterday said it had brought in advisers to explore the possibility of hiving off the fund management division of Rensburg Sheppards, which it bought out fully at the end of March. Investec said it had received “a number of expressions of interest” from potential buyers for Rensburg Fund Management (RFM), which [...]
Revenue up as public purse hits a surplus February 22, 2011 CHANCELLOR George Osborne received a double boost yesterday, after the government recorded its largest monthly surplus for two years, and the US treasury secretary gave a ringing endorsement of the coalition’s austerity plan. The government’s preferred measure of borrowing, which excludes financial sector interventions, revealed a £3.7bn surplus, as tax revenues soared. Total borrowing including [...]
Revenue up as public purse hits a surplus February 22, 2011 CHANCELLOR George Osborne received a double boost yesterday, after the government recorded its largest monthly surplus for two years, and the US treasury secretary gave a ringing endorsement of the coalition’s austerity plan. The government’s preferred measure of borrowing, which excludes financial sector interventions, revealed a £3.7bn surplus, as tax revenues soared. Total borrowing including [...]
FTSE closes above 6,000 as traders pick miners and banks February 2, 2011 BANKS and miners pushed Britain’s top share index higher yesterday, lifted by further proof that the economic recovery in the United States is on track. The FTSE 100 index closed up 42.25 points, or 0.7 per cent, at 6000.07, extending Tuesday’s 1.6 per cent rise. The index has recovered from a sharp dip at the [...]
FTSE closes above 6,000 as traders pick miners and banks February 2, 2011 BANKS and miners pushed Britain’s top share index higher yesterday, lifted by further proof that the economic recovery in the United States is on track. The FTSE 100 index closed up 42.25 points, or 0.7 per cent, at 6000.07, extending Tuesday’s 1.6 per cent rise. The index has recovered from a sharp dip at the [...]
Move toward interest rate rise expected February 20, 2011 THE Bank of England is moving closer to a hike in interest rates, it is expected to reveal this week. The latest voting record of the Bank’s monetary policy committee (MPC) could expose more members voting for the 0.25 per cent rise when it is revealed on Wednesday, according to some analysts. Two MPC members [...]