Rexam plans personal care business sale February 22, 2012 EUROPE’S largest drinks can maker Rexam put its underperforming personal care business up for sale yesterday and said it would look to return cash to shareholders, sending its shares to their highest level in nearly four years. The British firm, which also reported full-year profits largely in line with expectations yesterday, said strength in its [...]
Tullow Oil to ditch BAML as its broker February 2, 2012 TULLOW Oil, the FTSE 100 oil explorer, yesterday parted company with its long-standing corporate brokers, Bank of America Merrill Lynch (BAML) and RBS Hoare Govett, appointing Barclays Capital and Morgan Stanley in their place. BAML’s position had been precarious ever since the bank parted company with corporate broker Andrew Osborne in November. Osborne, whom Tullow described [...]
FTSE edges up as investors eye US strategy August 31, 2011 The FTSE 100 opened solidly this morning as investors kept their eyes on the situation across the Atlantic with hopes still alive that the US Federal Reserve will trigger stimulus measures to boost the struggling economy. US stocks rose for a third straight day yesterday in a volatile session, after minutes from the latest Federal [...]
FTSE edges up as investors eye US strategy August 31, 2011 The FTSE 100 opened solidly this morning as investors kept their eyes on the situation across the Atlantic with hopes still alive that the US Federal Reserve will trigger stimulus measures to boost the struggling economy. US stocks rose for a third straight day yesterday in a volatile session, after minutes from the latest Federal [...]
Outlook for 2012: Protecting your wealth December 21, 2011 BESTINVEST ADRIAN LOWOCK 2012 Macro outlook Weak economic growth will continue in the West, as the deleveraging process enters its third year – we are still several years away from completing this. However, any resolution in the Eurozone is likely to provide some short-term support to stockmarkets. Predictions for end of 2012 ● FTSE 100: [...]
THE TIPSTER OMAHA’S ORACLE FEASTS AT THE BARGAIN BUFFET January 30, 2012 THE shares of Tesco plunged in mid-January after the retail giant announced an unexpected fall in Christmas sales. The sell-off took the price down through support at 350p and also broke the long-term up-trend. News that Warren Buffett increased his holding to 5 per cent from 3.2 per cent helped to lift the shares, but [...]
Miners and bankers lead rush to share in European success August 30, 2011 BRITAIN’S top shares advanced yesterday, playing catch-up with Europe after a long holiday weekend, led by miners and banks as brokers argued that the recent stock market sell-off has thrown up bargains in the two sectors. JP Morgan highlighted opportunities among miners following their poor performance in August, seeing rewards for those prepared to buy [...]
LSE buys FTSE to win control of key assets December 12, 2011 THE London Stock Exchange took total control of stock index provider FTSE International yesterday, by buying Pearson’s 50 per cent stake for £450m. The move cements the LSE’s hold over the FTSE’s 200,000 indices and global, high growth trajectory. It also puts it in control of a critical piece of trading infrastructure as it seeks [...]
LSE buys FTSE to win control of key assets December 12, 2011 THE London Stock Exchange took total control of stock index provider FTSE International yesterday, by buying Pearson’s 50 per cent stake for £450m. The move cements the LSE’s hold over the FTSE’s 200,000 indices and global, high growth trajectory. It also puts it in control of a critical piece of trading infrastructure as it seeks [...]
Inmarsat to split top roles at end of year July 6, 2011 SATELLITE owner and operator Inmarsat announced a long-expected restructuring of its top team to split the chief executive and chairman roles yesterday. Rupert Pearce, Inmarsat’s senior vice president of its Inmarsat Enterprises business, will become its new group chief executive from January 2012. He replaces Andrew Sukawaty, who has led FTSE 350-ranked Inmarsat as chairman [...]