BEST OF THE BROKERS June 26, 2011 Anglo American Goldman Sachs views the mining firm’s exploration efforts in Chile at its Collahuasi copper mine as a positive. The broker rates shares in the firm “buy”, given the potential the site holds for Anglo American. Goldman gives shares in the company a target price of 4,200p per unit. DS Smith UBS views the [...]
Tote boss takes reins at Betfred after auction June 29, 2011 TREVOR Beaumont, head of the Tote betting pool, became chief executive of Betfred yesterday in a move that will smooth the integration of the two companies and aid Betfred’s relations with the racing industry. Beaumont has been appointed to the newly-created role after Betfred scooped the government’s auction of the Tote last month in a [...]
Tote boss takes reins at Betfred after auction June 29, 2011 TREVOR Beaumont, head of the Tote betting pool, became chief executive of Betfred yesterday in a move that will smooth the integration of the two companies and aid Betfred’s relations with the racing industry. Beaumont has been appointed to the newly-created role after Betfred scooped the government’s auction of the Tote last month in a [...]
Ageing population to add £80bn to public spending July 13, 2011 The UK’s ageing population will add £80bn to government spending by 2060 as services such as health and state pensions require greater funding, the government’s fiscal watchdog has said. The Office for Budget Responsibility put a figure on public sector pensions for the first time, saying the total liabilities for the pensions of teachers, policemen [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2011 FINANCIAL TIMES LIVING SOCIAL SET TO BUY TICKET MONSTER LivingSocial, the world’s second biggest group discount website by customers after Groupon, has agreed to buy Ticket Monster, a South Korean equivalent site, to strengthen its presence in Asia. It is the latest acquisition by the US company, which has this year announced three deals to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2011 FINANCIAL TIMES LIVING SOCIAL SET TO BUY TICKET MONSTER LivingSocial, the world’s second biggest group discount website by customers after Groupon, has agreed to buy Ticket Monster, a South Korean equivalent site, to strengthen its presence in Asia. It is the latest acquisition by the US company, which has this year announced three deals to [...]
Amec eyes new growth in Australasia and America June 15, 2011 BRITISH engineering group Amec has zoomed in on growth opportunities in South America and Australia, said the firm’s chief financial officer, as he shrugged off the impact of a tax hike in the North Sea. “Brazil and South America and Australasia we would see as a focus for development. Where we are underweight, where we [...]
Insurance regulator to tackle systemic risks June 20, 2011 The new regulator of UK insurance companies will be heavily focused on Solvency II capital requirements and systemic risks in the sector, the authorities have said. The Bank of England and Financial Services Authority have published a new paper setting out the mandate for the incoming insurance regulator, the Prudential Regulation Authority. To be headed [...]
Looking at off-the-shelf CFD trading strategies July 4, 2011 STARING at a blank page, chewing on your pencil and trying to work out a trading strategy can be a daunting task. There are plenty of guide books out there to aid you, of course. But is there any merit in taking an off-the-shelf trading strategy devised by an experienced trader and using it yourself [...]
Construction industry sees dip in June July 4, 2011 Britain’s construction industry lost some steam in June and firms were less optimistic about the outlook, a monthly survey among purchasing managers showed on Monday. The Markit/CIPS construction PMI index eased to 53.6 points from 54.0 points in May, broadly in line with analysts’ forecasts of a dip to 53.7 points. “June data rounds off [...]