Thursday 7 February
QUOTE OF THE DAY
"Anyone who lives within their means suffers from a lack of imagination."
Oscar Wilde
THIS MORNING IN LONDON
FTSE 100
6,272.22
-23.12 -0.37%
FTSE 250
13,343.04
1.44 0.01%
FTSE 350
3,363.82
-10.62 -0.31%
FTSE All Share
3,296.59
-9.68 -0.29%
AIM 100
3,320.34
-4.69 -0.14%
AIM All Share
741.95
-0.66 -0.09%
13:45 pm
THOUGHT FOR THE DAY
Hello Share Shunters,
Sometimes shares which should be rising actually fall. I suppose we all say this about all our shares most of the time. Or at least, we wishfully think it..
But it does happen. One reason why a share which everyone expects to rise, falls is because it has had a very good day before. Or perhaps a few good weeks previously.
CLICK HERE for the full article
ON THE BLOG
Whores drawers - What now for RBS?
by Ishaq Siddiqi – market strategist with ETX Capital – a London based spread betting provider for equities, indices, forex and more.,
The Royal Bank of Scotland has been ordered by the US authorities and the FSA to pay a total of £390 million in penalty charges to settle for the manipulation of Yen and Swiss Franc Libor rates. These charges make the beleaguered bank the third largest global lender to agree to settle charges with the authorities after Barclays and UBS last year.
Transcripts between traders in the filings do no favour to bankers trying to regain their sorry reputation amongst the pubic...
CLICK HERE for the full article
THIS MORNING IN LONDON
Markets lower as BoE holds rates
Markets were slightly lower by Thursday lunchtime as it was announced that the Bank of England (BoE) had kept interest rates unchanged at its latest meeting, however investors were focusing mainly on comments from incoming Governor Mark Carney before the Treasury Select Committee.
Carney, who is due to replace current BoE Governor Sir Mervyn King later this year, faced his first grilling by MPs today over certain issues, including his pay package, his policies and nominal GDP targeting.
"Importantly, Carney said the BoE will need to design a method to exit QE[quantitative easing] and other forms of non-standard policy measures without undermining the BoE's reputation and public confidence in the central bank."
At noon, the BoE maintained the Bank Rate at the record-low level of 0.5% and kept the asset purchase programme unchanged at £375bn, as expected.
In a statement, the central bank said: "The Monetary Policy Committee continues to judge that the UK economy is set for a slow but sustained recovery in both demand and effective supply, aided by a further easing in credit conditions - supported by the Bank's programme of asset purchases and the Funding for Lending Scheme - and some improvement in the global environment. But the risks are weighted to the downside, not least because of the challenges facing the euro area."
In other domestic news, UK industrial production grew by 1.1% month-on-month in December, better than the 0.9% increase forecast.
FTSE 100: Vodafone, TUI and Compass impress with results
Telecoms group Vodafone rose despite posting a 1.8% drop in revenue for the last three months of 2012, blaming difficult market conditions in Europe. However, the company said it expects adjusted operating profit in the upper range of £11.1bn-to-£11.9bn for the 2013 financial year.
Travel and leisure firm TUI Travel gained after reporting a narrower operating loss in the first quarter as it outperformed in the UK and Nordic markets.
Contract caterer Compass was a high riser after having a good first quarter with expectations for the full year unchanged as its North America and emerging market business segments performing strongly.
Burberry sank after the luxury brand named Carol Fairweather, formerly Senior Vice President of Group Finance, as its new CFO.
Medical technology group Smith & Nephew was flat despite beating forecasts in the fourth quarter; however it said that margins are expected to fall in 2013.
FTSE 250: Ocado and SuperGroup surge
Online grocer Ocado jumped after reporting a 13% rise in revenue in 2012, helped by rising demand.
Trendy fashion brand SuperGroup also jumped after unveiling a 12.3% increase in sales for the holiday season as shoppers stocked up on jackets, knitwear and gifting accessories.
CLICK HERE FOR THE DAY'S FASTEST MOVING STOCKS
WHAT THE BROKERS SAY
Vodafone's share price may have reacted well to the company's third-quarter results on Thursday, but Nomura has highlighted concerns with the company's dividend on the back of accounting changes to be implemented next year.
Investec has highlighted the strong end to the year seen at Smith & Nephew but has been forced to downgrade its rating for the stock with the expected total return (ETR) now under 10 per cent.
Shares in fashion retailer SuperGroup raced ahead of Thursday morning after the release of its third-quarter trading statement, helped by Panmure Gordon calling it an good entry point for potential investors.
JP Morgan reiterated its 'neutral' rating on ARM Holdings after the British semiconductor and software design company revealed increased revenues and profits for the fourth quarter. The target price was raised to 625p from 540p.
Click here for the rest of the broker recommendations
THE LATEST ON THE CRAZY BOARD
The top 5 hot company threads on the Bulletin Board:
ARGOS RESOURCES Another Falklands focused hopeful
Rolls-Royce - Another contract win
CLUFF NATURAL RESOURCES - Can Algy do it again ??
Thomas Cook Group PLC (tcg)
ITE GROUP PLC looks Undervalued..
Click here to discuss shares with other ShareCrazy members
Regards,
ShareCrazy
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