ANALYST VIEWS: DO YOU EXPECT THE UK ECONOMY TO STEADILY IMPROVE FROM HERE? May 25, 2009 AMIT KARA UBSWe expect economic activity in the UK to expand by 1.1 per cent in 2010 instead of our earlier above-consensus forecast of 0.6 per cent. The UK will see an export-led recovery, which should benefit sectors such as pharmaceuticals, chemicals, aircraft manufacture and financial services. PHILIP SHAW INVESTECWe have revised up our GDP [...]
Stoute’s Leocorno looks the banker on Ladies Day June 17, 2009 Sir Michael Stoute opted to bypass the Investec Oaks with LEOCORNO and she showed at Sandown last time that she is a filly right out of the top drawer. It may have only been a 0-80 handicap she won that day, but the daughter of Pivotal quickened away in the style of a very useful [...]
IMA recruits fund stars to its board May 20, 2009 ASSET management trade body the Investment Management Association (IMA) has appointed a slew of fund management heavyweights to its board including Alain Dromer, global chief executive of the £235bn Aviva Investors. The IMA, which speaks for the £3.4 trillion UK asset management industry, has named four new members also including Investec Asset Management boss Hendrik [...]
Scramble for talent among smaller firms June 14, 2009 SMALLER City financial firms are frantically headhunting top-tier staff who have become casualties of cost-saving job cuts at giants like Credit Suisse, HSBC and Dresdner Kleinwort. Firms such as Arbuthnot Securities, Blue Oar and Panmure Gordon are scrambling to emerge from the recession with higher profiles by grabbing seasoned talent on lower salaries than ever, [...]
Scramble for talent among smaller firms June 14, 2009 SMALLER City financial firms are frantically headhunting top-tier staff who have become casualties of cost-saving job cuts at giants like Credit Suisse, HSBC and Dresdner Kleinwort. Firms such as Arbuthnot Securities, Blue Oar and Panmure Gordon are scrambling to emerge from the recession with higher profiles by grabbing seasoned talent on lower salaries than ever, [...]
ANALYST VIEWS: HOW BAD WERE M&S’ full year RESULTS? May 19, 2009 CAROLINE GULLIVER EXECUTION“The question is whether it can reverse market share losses in womenswear and food and turn the company into a credible international retailer with good growth prospects. Success is not guaranteed and the concern is that it will to cede more share to Next etc.” NICK BUBB PALI INTERNATIONAL“A dividend cut was priced [...]
ANALYST VIEWS: HOW BAD WERE M&S’ full year RESULTS? May 19, 2009 CAROLINE GULLIVER EXECUTION“The question is whether it can reverse market share losses in womenswear and food and turn the company into a credible international retailer with good growth prospects. Success is not guaranteed and the concern is that it will to cede more share to Next etc.” NICK BUBB PALI INTERNATIONAL“A dividend cut was priced [...]
BEST OF THE BROKERS May 26, 2009 PREMIER FOODSInvestec upgrades Premier Foods to “buy”, in spite of only recently downgrading it to “hold”. It says the drop in the share price following its recent trading update, together with likely better news on bread, makes it a more attractive proposition once again. Maintains 40p target price. “The foundations are in place for better [...]
Sariska to prove she is Epsom’s First Lady June 4, 2009 THE OPENING day of the Investec Derby Festival at Epsom Downs racecourse is Ladies Day. The most fashionable and stylish lady on the course will win a new car if she wins the ‘Style on the Downs’ competition after lunch, while at around 4.09pm, an equine lady will be crowned winner of the 2009 Investec [...]
WHAT DOES TIM CLARKE’S DEPARTURE MEAN FOR MITCHELLS & BUTLERS? May 21, 2009 JOHN BEAUMONT SINGERS “The resignation of Tim Clarke may be a bit of a shock to the market initially. He has been very good at guiding the strategy of the company since its demerger. But this does not change our thoughts that the company is well positioned to continue taking market share and is under-valued. [...]