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 [...]
SEEING IS BELIEVING AS 6,500 RUNNERS HIT THE CITY OF LONDON July 16, 2009 THE CITY was out in force last night for the fifth annual Standard Chartered Great City Run, and The Capitalist was impressed that as many as 6,500 of you tackled the five kilometre race in the name of the official charity, Seeing is Believing (SiB). The square mile closed to traffic so that teams from [...]
BEST OF THE BROKERS June 7, 2009 CARPHONE WAREHOUSEInvestec said that Carphone Warehouse’s full year 2009 results were in line, once adjusted to take a new accounting standard into consideration, but are relatively lacklustre as revenues declined 2.7 per cent year-on-year. The demerger deadline has been pushed back to July 2010. The broker reiterates “sell” with a 140p target price. BELLWAYBellway’s interim [...]
BEST OF THE BROKERS June 2, 2009 LADBROKESBarclays Capital is not convinced that Ladbroke’s overseas investment will give a particularly high return compared to peer William Hill’s online expansion. However, the broker believes the group is well-run and cash generative, with a high dividend yield. It initiated coverage of the stock with an “equal weight” rating. KCOM GROUPKCOM’s results show strong cost [...]
ECONOMIST VIEWS: IS THIS A BEAR MARKET RALLY OR A PROPER BULL MARKET RUN? June 1, 2009 MAX KING INVESTEC ASSET MANAGEMENTIt has all the hallmarks of a bull market. We bought into the rally back in March and at the time our view was: “It’s going up so who cares whether it’s a bear rally or bull market?” Those people who are betting on a bear market rally may end up [...]
ECONOMIST VIEWS: IS THIS A BEAR MARKET RALLY OR A PROPER BULL MARKET RUN? June 1, 2009 MAX KING INVESTEC ASSET MANAGEMENTIt has all the hallmarks of a bull market. We bought into the rally back in March and at the time our view was: “It’s going up so who cares whether it’s a bear rally or bull market?” Those people who are betting on a bear market rally may end up [...]
BEST OF THE BROKERS May 28, 2009 QINETIQCazenove was disappointed by the subdued reaction to QinetiQ’s full year results, which were ahead of market expectations both in terms of earnings and balance sheet. But the broker retains its “outperform” rating on the stock, feeling comfortable that the company will continue to deliver strong organic growth in core divisions. SYNERGY HEALTHSynergy will report [...]
BEST OF THE BROKERS May 27, 2009 MARSTON’SKBC Peel Hunt highlights Marston’s as the only pub company that has maintained its dividend, but also not chosen to raises new equity. The analysts argue that management has demonstrated its commitment to moving cash in the right direction, and argue the shares current level offers a buying opportunity. Ups target price to 200p. AVEVAInvestec [...]
BEST OF THE BROKERS May 27, 2009 MARSTON’SKBC Peel Hunt highlights Marston’s as the only pub company that has maintained its dividend, but also not chosen to raises new equity. The analysts argue that management has demonstrated its commitment to moving cash in the right direction, and argue the shares current level offers a buying opportunity. Ups target price to 200p. AVEVAInvestec [...]