Best of the Brokers for 22 July 2013 July 21, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com CAPITA Shore Capital keeps its “sell” rating and 1,056p target on the outsourcer as it looks ahead to interim results this week. The broker thinks new contract flow will disappoint slightly, in spite of an expected 15 per cent rise in half-year revenues, [...]
London Report: Data suggests UK economy is in good health July 21, 2013 THE UK economy is showing improving health, according to statistics out this week that are expected to reveal growth throughout the second quarter. The economy is forecast to have grown 0.6 per cent in the second quarter, accelerating from 0.3 per cent in the first three months of the year. The Office for National Statistics [...]
New York Report: Apple is set to report in busy earnings week July 21, 2013 WALL Street is experiencing its best month since January and looks poised to extend the rally with a deluge of earnings this week, though significant gains may be harder to come by with major indexes at record highs. Eight Dow components and Apple are among the companies that will report in one of the busiest [...]
London risks its prosperity if it fails to join the global rise of the airport city July 21, 2013 THE deadline has now passed for interested parties to lodge their proposals with the Airport Commission for increasing Britain’s airport capacity. Much has been said of the virtues and vices of each idea, but the basic reasons why London so desperately needs this expansion are equally important. Transport and connectivity are inextricably linked to the [...]
City Matters: We should rediscover the spirit of Victorian entrepreneurship in Latin America July 21, 2013 SOME 160 years ago, a wave of UK companies and engineers – among them my own great, great grandfather – crossed the Atlantic to help develop Latin America’s railways in a remarkable feat of Victorian entrepreneurship. The success of this partnership helped drive economic prosperity in both Latin America and the UK for decades. Major [...]
Lessons for regulators from Chris Froome’s Tour de France victory July 21, 2013 MANY of us have been enthralled by Chris Froome’s Tour de France win, helping restore our faith in this global event. Cycling’s regulator’s overwhelming problem is to maintain the credibility of the competition by deterring, detecting and punishing cheating. We can use the Union Cycliste Internationale (UCI) as an analogy for the British financial regulatory [...]
Letters to the Editor – 22/07 – Keep Heathrow, Broken housing, Best of Twitter July 21, 2013 Keep Heathrow [Re: Heathrow expansion is our best option and it doesn’t have to be loud, Thursday] One justification for an Isle of Grain airport is that London is moving east. That may be true for several thousands of people, but many hundreds of thousands in the west and south west of London depend on [...]
South America’s capital of glamour July 21, 2013 With its sprawling sandy beaches, iconic landmarks and buzzing atmosphere, Rio de Janeiro is in a league of its own, says Gabriel O’Rorke WITH the World Cup and the Olympics on the horizon, Brazil is preparing to become the focus of the world’s attention. One city that is used to the limelight is Rio de [...]
Mickelson hails Open triumph as greatest win of his career July 21, 2013 DECORATED world No5 Phil Mickelson toasted his three-shot win at the Open as the “greatest of his career” at Muirfield yesterday. The 43-year-old trailed overnight leader Lee Westwood by five shots going into the final round, but carded a magnificent 66, including four birdies in the last six holes, to win his fifth Major. And [...]
England close in on retaining the Ashes as Root leads the charge July 21, 2013 ENGLAND captain Alastair Cook poured praise on youngster Joe Root last night after the 22-year-old inspired the host side to their second largest Test victory over Australia of all time, to go 2-0 up in this summer’s Ashes series. Root could not manage to record a double century yesterday morning, falling 20 runs short, but [...]
