Best of the Brokers for 27 October 2014 October 26, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com PEARSON Westhouse Securities reiterated its “sell” recommendation following Pearson’s update for the nine months to September which showed declining sales and revenues. The broker said Pearson is “a quality company that should benefit from long-term growth in global learning spend”. SHIRE S&P Capital [...]
Best of the Brokers for 14 October 2014 October 13, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com TESCO Cantor Fitzgerald has puts its target price under review and has no rating on the retailer after it said there could be “a lot more issues” for Tesco in the wake of an internal audit review of its commercial practices. WH SMITH [...]
Tescopoly fear has proven to be unfounded – Bottom Line September 22, 2014 SEVEN years ago I worked for a charity in Covent Garden. It was a fairly standard office, with us low-level employees popping out every lunchtime to escape the tedium and top up on sustenance. By far the cheapest and most varied selection of grub on offer was to be found in the local Tesco Metro [...]
Mothercare poaches Rexam’s finance chief Richard Smothers December 9, 2014 MOTHERCARE yesterday announced it had secured a new chief financial officer after poaching Richard Smothers from the same role at packaging group Rexam. The baby goods retailer said that Smothers would join the firm on 23 March after stepping down at Rexam. He will replace Matt Smith, who is leaving next month to become chief [...]
When it’s April Fools’ Day, science has no limit: Here are the most ridiculous discoveries ever made up April 1, 2015 Who said scientists don't have a sense of humour? Here are some of the most ridiculous April Fools' Day discoveries ever made up in the field of science. The Loch Ness monster really does exist – but it's now dead In 1972, a team of eight scientists from Yorkshire's Flamingo Park Zoo made a finding [...]
Brits spend £2,000 on online goods December 11, 2014 PEOPLE in the UK spend an average of £1,968 online on goods from the likes of Amazon, Tesco and Asos every year, far more than people in the US, France or South Korea. Australia followed in second place with an average spend of £1,356 and the US came in third with an average spend of [...]
From Greece and Natalie Bennett to the banks and London’s skyline: Here’s what got us talking this week February 27, 2015 There was a lot of talk about a dress. And quite a bit about the llama drama. But here at City A.M. Towers, we were obsessing about plenty of other things. Greece finally managed to break the stalemate over its debt, negotiating a four month extension with Germany, and ending weeks of debate about a [...]
Here’s what 3 banks are saying about Tesco’s latest turnaround plan February 26, 2014 Tesco’s shares are down more than four per cent, after the supermarket chain scrapped its profit margin target and laid out plans to invest in lowering its prices, prompting analysts cuts their ratings and price targets. Deutsche Bank cut its earning before interest and tax (EBIT) forecast of a £50m decline in the year to [...]
Sainsbury’s offer value alternative to journo barred from Tesco dinner April 10, 2014 After reports that the Financial Times' senior retail correspondent, Andrea Felsted, has been barred from a Tesco journalist dinner this evening, a rival has put forward an alternative of their own. Grocers Sainsbury's suggests that Felsted might want to check out their £10 Bistro meal deal, for "any journos who find their dinner plans suddenly [...]
Tesco shares slump on BoAML downgrade March 17, 2014 Analysts at Bank of America Merrill Lynch have downgraded Tesco today to “underperform” on the back of rival Morrisons’ announcement last week to invest £1bn in slashing prices, causing the grocer’s share to fall to the bottom of investors’ shopping lists. The bank said the implications of the shock announcement from Morrisons were “substantial” and [...]