THE TIPSTER TRADERS HOPING TO BOOK SUITE OF PROFITS February 20, 2012 RESULTS last week from Intercontinental Hotels pointed to a resurgence in bookings outside of the beleaguered Eurozone, so investors in Millenium & Copthorne will be hoping that the company can replicate its larger peer’s success in areas such as China and the US. The operations in these areas should benefit from continuing economic growth, so [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 27, 2012 FINANCIAL TIMES GORDON GEKKO TELLS WALL ST GREED IS NOT GOOD Michael Douglas is playing a new and unlikely role as spokesman for the US Federal Bureau of Investigation in its war against corruption on Wall Street. The Hollywood actor – famous for his line “greed is good” in the 1987 film Wall Street – [...]
BEST OF THE BROKERS February 14, 2012 BARCLAYS Shore Capital has upgraded the bank from “sell” to “hold” with a target price of 240p following its full-year 2011 results, saying the company has made better progress than expected in rebuilding its core tier 1 ratio. The broker is also more positive due to the ECB’s intervention into bank funding markets, which it [...]
BEST OF THE BROKERS February 14, 2012 BARCLAYS Shore Capital has upgraded the bank from “sell” to “hold” with a target price of 240p following its full-year 2011 results, saying the company has made better progress than expected in rebuilding its core tier 1 ratio. The broker is also more positive due to the ECB’s intervention into bank funding markets, which it [...]
Obama snubs oil pipeline January 18, 2012 POLITICAL bickering heightened in the US last night, as President Barack Obama stoked a battle with Republicans by rejecting plans for a huge oil pipeline to Canada. The decision over the pipeline – seen as a key battleground between Obama and opposition Republicans during the race for the White House this year – coincided with [...]
Gulf Keystone on track in Iraq June 16, 2011 Aim-listed Gulf Keystone Petroleum yesterday said its wells in the Kurdistan region of Iraq were on course, and that one of its oil deposits is five to ten per cent larger than first thought. The company said it would have more information on the Shaikan-4 appraisal well after further tests. However, the firm’s shares fell [...]
When toughened Code doesn’t apply December 19, 2011 WHILE the Eurozone crisis is still dominating the agenda in the City, there are signs of returning interest in mergers and acquisitions, with some saying a mega deal on the scale of Kraft and Cadbury is not that far away. Opinions might vary about the benefits of bids and deals but they are the meat [...]
Gulf Keystone boss share transfer halted by divorce June 13, 2011 THE chief executive of an Aim-listed oil and gas group has been blocked from transferring shares by complex divorce proceedings. Gulf Keystone Petroleum said yesterday that 11.6m shares previously owned by its biggest shareholder, Gulf Keystone Petroleum Co. LLC, were transferred to Todd Kozel in May. The statement says, however, that the shares are “owned [...]
Gulf Keystone ready to export May 23, 2011 GULF Keystone Petroleum has said it is preparing to export oil from Kurdistan after a long argument over payments between the semi-autonomous region of Iraq and Baghdad looked to be easing. The British company, which also said yesterday that two of its wells in Kurdistan had found evidence of more oil, said the Kurdistan Regional [...]
BEHIND THE SCENES FOR OSCAR HIT’S LEGAL FIXER February 7, 2012 PAUL RENNEY, a lawyer at Keystone Law, almost collected the Bafta for The King’s Speech – except the film’s producers were faster out of their seats than he was. Renney, as the hit’s legal adviser, was a stand-in at the event for screenwriter David Seidler, who was “annoyed” at not being flown over from the [...]