BEST OF THE BROKERS June 9, 2009 LONDON STOCK EXCHANGE (LSE)Analysts at Bernstein upgraded the LSE to “outperform” with a target price of 950p, based on the potential for cost-savings, a low interest rate environment and a strong post-trade environment to drive stock outperformance. The broker believes that consensus earnings for the group are understated and forecasts four per cent above average [...]
Oils and banks lift the large caps but defensives slide June 29, 2009 THE FTSE 100 gained 1.3 per cent yesterday, boosted by strength in oil majors and banks, and reflecting early gains on Wall Street. The index closed 53.02 points higher at 4,294.03, recovering most of last week’s 1.5 per cent decline. “What is most impressive about today’s rally is the breadth of the buying. Most sectors [...]
Buyers eye Thomas Cook stake June 9, 2009 SHARES in holiday operator Thomas Cook yesterday jumped by 10 per cent to 235p despite the collapse of its majority shareholder Arcandor, on the back of bidder speculation. City A.M. understands that Germany’s leading tour operator Rewe is one of several potential bidders interested in snapping up Arcandor’s 52.8 per cent stake. It expressed an [...]
Loss of 17.6bn if banks sold May 20, 2009 TAXPAYERS would make losses of £17.6bn if the government sold out of Lloyds Banking Group and Royal Bank of Scotland (RBS) at today’s prices, Exane BNP Paribas said yesterday. The figures indicate that any sell-off of the government’s stake in either Lloyds or RBS is unlikely ahead of the next general election. BNP Paribas calculated [...]
Miners give support as they rise to recoup their losses July 7, 2009 MINERS were the saviour of the FTSE 100 yesterday, offsetting falling oil stocks and disappointing UK industrial output data to keep the index flat, or just 7.91 points lower, at 4,187. Data showed that UK manufacturing output unexpectedly shrank in May, falling 0.5 per cent on the month, making it less likely the economy returned [...]
Miners give support as they rise to recoup their losses July 7, 2009 MINERS were the saviour of the FTSE 100 yesterday, offsetting falling oil stocks and disappointing UK industrial output data to keep the index flat, or just 7.91 points lower, at 4,187. Data showed that UK manufacturing output unexpectedly shrank in May, falling 0.5 per cent on the month, making it less likely the economy returned [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 14, 2009 THE SUNDAYSThe Sunday Telegraph RBS INVESTORS SAY PAY CHIEF EXEC MORERoyal Bank of Scotland chairman Sir Philip Hampton has had to overhaul the planned incentive package for chief executive Stephen Hester after institutional investors raised concerns that it was not generous enough. INEOS DEBT SPARKS WORRIES OVER ITS FUTUREAuditors to Ineos, Britain’s biggest private company, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 14, 2009 THE SUNDAYSThe Sunday Telegraph RBS INVESTORS SAY PAY CHIEF EXEC MORERoyal Bank of Scotland chairman Sir Philip Hampton has had to overhaul the planned incentive package for chief executive Stephen Hester after institutional investors raised concerns that it was not generous enough. INEOS DEBT SPARKS WORRIES OVER ITS FUTUREAuditors to Ineos, Britain’s biggest private company, [...]
THE LONDON REPORT June 25, 2009 THE FTSE 100 dropped 0.6 per cent yesterday, led by banks after a trading update from Standard Chartered failed to excite investors while commodity stocks were also under pressure. The index closed down 27.41 points at 4,252.57, after gaining 1.2 pe rcent in the previous session. Banks shaved most points off the index after Asia-focused [...]
THE LONDON REPORT June 24, 2009 MINERS and banks were buoyed by better US durable goods data yesterday, offsetting weaker food retailers and producers and driving the FTSE 100 up by 1.2 per cent, or 49.96 points, to close at 4,279.98. The index has gained more than 23 per cent since hitting a six-year low in March, but is still down [...]