CAN KESA ELECTRICALS RECOVER FROM ITS NOSEDIVE INTO THE RED? June 24, 2009 DAVID JEARY INVESTECIt is clear that trading conditions remain challenging. The company has already announced cost cutting measures for Comet and its Spanish division, and cost reduction is to remain a key focus. Much will depend on the continued resilience of the key Darty division, which has performed solidly.” MATTHEW MCEACHRAN SINGER CAPITALThese results look [...]
the INSIDER July 2, 2009 SEA THE STARS is top of my ‘back until beaten’ list and I will be backing John Oxx’s stable star tomorrow. A case can be made for both Rip Van Winkle and Conduit but the evidence isn’t that strong and they are simply playing for places. On the rest of the Sandown card there are [...]
BEST OF THE BROKERS June 25, 2009 TUI TRAVELCitigroup upgraded TUI Travel to “buy” to take into account improved booking trend data and the economic outlook. It raised its earnings per share estimates by 12.5 per cent to 23.5p. But the broker sees downside risk as the shares are likely to be driven by rival Thomas Cook, which is the subject of [...]
BEST OF THE BROKERS June 25, 2009 TUI TRAVELCitigroup upgraded TUI Travel to “buy” to take into account improved booking trend data and the economic outlook. It raised its earnings per share estimates by 12.5 per cent to 23.5p. But the broker sees downside risk as the shares are likely to be driven by rival Thomas Cook, which is the subject of [...]
BEST OF THE BROKERS June 23, 2009 AVIVACitigroup analysts said they no longer view Aviva as vulnerable from a capital perspective, after its hybrid debt issue and the disposal of Aviva Australia. Based on its standard return on embedded value approach, the broker upped its target price to 350p from 210p and raised its recommendation to “hold, high risk”. STANDARD CHARTEREDAhead of [...]
The INSIDER June 4, 2009 There has been plenty written this week about the Ballydoyle Six and the main focus has been on whether Johnny Murtagh has picked the right one in Rip Van Winkle. I’m of the opinion that Johnny is right. So what does that mean? It means that SEA THE STARS will win the Investec Derby on [...]
Contraction in GDP is fastest in fifty years June 30, 2009 THE UK economy contracted at the fastest pace since 1958 in the first quarter of 2009, raising expectations that the Bank of England’s Monetary Policy Committee could expand quantitative easing. The Office for National Statistics said yesterday that it had revised downwards its estimate for first quarter GDP to -2.4 per cent from -1.9 per [...]
Contraction in GDP is fastest in fifty years June 30, 2009 THE UK economy contracted at the fastest pace since 1958 in the first quarter of 2009, raising expectations that the Bank of England’s Monetary Policy Committee could expand quantitative easing. The Office for National Statistics said yesterday that it had revised downwards its estimate for first quarter GDP to -2.4 per cent from -1.9 per [...]
1,000 CITY MENU TO STAGE A COMEBACK June 7, 2009 LAST year, one of the City’s favourite restaurants, Vivat Bacchus, made headlines all around the globe for introducing a £1,000 tasting menu despite the onset of the credit crunch, as a treat for hard-working financiers celebrating their (albeit reduced) bonuses. The menu – which included royal sevruga caviar, lobster linguini flavoured with 40-year-old Armagnac, grilled [...]
1,000 CITY MENU TO STAGE A COMEBACK June 7, 2009 LAST year, one of the City’s favourite restaurants, Vivat Bacchus, made headlines all around the globe for introducing a £1,000 tasting menu despite the onset of the credit crunch, as a treat for hard-working financiers celebrating their (albeit reduced) bonuses. The menu – which included royal sevruga caviar, lobster linguini flavoured with 40-year-old Armagnac, grilled [...]