THE TIPSTER January 16, 2011 DISCOUNT pub group JD Wetherspoon has a trading update due out on Wednesday that should offer some insight as to the impact bad weather had on sales in the pre-Christmas period. A degree of this has presumably been priced in already although broker sentiment does seem to be building against the stock. IG Index is [...]
Construction projects still growing in UK December 2, 2010 BRITISH construction unexpectedly increased in November, it was revealed yesterday. In a boost for the economic recovery, construction increased to 51.8 in the Purchasing Managers Index (PMI), a measure of business activity. The index was up slightly, from 51.6 in October. All figures over 50 indicate growth in the sector. The rate of growth had [...]
Get out your pith helmet and start building railways, roads and ports December 7, 2010 AT THE end of the 19th century, British investors were funding railways throughout India and across South America, telephone cables underneath the Atlantic and gold mines in the South African Transvaal. In the first great age of globalisation, the most important thing was to build infrastructure, only after which could trade follow. That is as [...]
Carillion looks to double international business December 8, 2010 Building firm Carillion said it would look to double revenue from its international business and grow its support services operation in Britain as public sector clients look to cut costs. Carillion also said on it expected to deliver good growth in pre-tax profit and earnings per share in 2010. “The group is well positioned to [...]
Carillion looks to double international business December 8, 2010 Building firm Carillion said it would look to double revenue from its international business and grow its support services operation in Britain as public sector clients look to cut costs. Carillion also said on it expected to deliver good growth in pre-tax profit and earnings per share in 2010. “The group is well positioned to [...]
CITY MOVES | WHO’S SWITCHING JOBS January 19, 2011 Alvarez & Marshal Alvarez & Marsal, the global professional services firm, is expanding its European real estate advisory business in Europe with the appointment of London-based directors, Patrick Anderson and Caspar Vredenbregt. Anderson and Vredenbregt both have over 12 years of experience in real estate development, investment and finance. Prior to joining A&M, Anderson was [...]
Why premiums will keep falling despite the New Zealand quake February 27, 2011 THE earthquake that devastated Christchurch in New Zealand last week also shattered insurance companies’ hopes of a quieter year for disasters than 2010. The quake, which has claimed more than 100 lives and devastated historic and commercial city centre buildings, may cost the industry $12bn – more than double the $5.5-6bn insured cost of the [...]
Spanish ACS closes in on Hochtief deal January 4, 2011 SPANISH builder ACS has secured a crucial 30 per cent holding in Hochtief following a hotly contested takeover bid, allowing it to build a controlling interest in the German construction group. The Spanish construction group wants to get control of Hochtief’s strong balance sheet to ease the burden of its own debt of more than [...]
Look closer to home to play the emerging markets’ story December 15, 2010 EMERGING markets have been one of the most popular trades of 2010. If it wasn’t concerns about the outlook for developed markets and the desire for higher returns further afield, it was Fed-fuelled liquidity that was driving flows towards the developing economies. The case for investing in equities rather than bonds is becoming stronger by [...]
Commodities dent FTSE 100 despite strong banking stocks February 15, 2011 BRITAIN’S s top share index closed lower yesterday as strength in banking stocks, inspired by forecast-busting results from Barclays, was outweighed by a broad retreat in the mining sector on commodity price wobbles. The FTSE 100 index closed down 23.01 points, or 0.4 per cent, at 6,037.08. The FTSE 250, FTSE 350 and AIM 100 [...]