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Wednesday
Apr092014

morning newspaper roundup - 09/04/14

The Telegraph

Questor, Victrex is a Hold. Matchtech is a Buy.
UK to be fastest growing major economy this year according to IMF.
Japan’s Takeda Pharmaceuticals and American Eli Lilly have been told to pay $6bn and $3bn respectively over claims that they concealed a cancer threat in a drug used for diabetes.
Just Eat down as investors start to worry about recent over priced tech shares.
Oaktree sells remaining holding of Stock Spirits.

Independent 

Investors looking to sue FCA over way it handled the announcement regarding inquiries on old life insurance policies.
Bob Diamond poaches former senior colleague at Barclays to run his banking ventur Atlas Mara.
Aldi and Lidl grab market share from big supermarkets.
Samsung to announce second fall in quarterly profits.
Mothercare down on note from Cantor’s.

Financial Times 

Lex, Takeda hit with $6bn fine for concealing that a diabetes drug may have cancer link. Recovery will be hard but can be done. Sports Direct has had a brilliant run over 5 years. Share price is up 1195%,10 times more than the rise in the FTSE general retailers index. But were they down on Mike Ashleys sale or should we be looking as to whether it is now priced at top end. Sudzucker down on falling sugar prices (read across saw AB Foods pff yesterday),but still worth having a go with. Samsung profits down but still good profits from mainly phone sales. Has cash and will have to look at another angle if phone sales do slow more.

The Times 

Tempus. Victrex, sell on over 20 times earnings. One for the long term investor. Just Eat, retail investors who were unable to buy before the float have no need to rush in now. Dragon Oil, erratic at times and growth to come in at lower end of guidance so no need to pile in now.

W H Smith were being sold yesterday ahead of figures out tomorrow.
Mike Ashley’s sale of 24m shares in Sports Direct at 850p to Goldman Sachs was main cause for the share price to drop 82p to 811p. Unconfirmed rumours are that Goldman’s only placed 5m and that remaining are on their books.
Exchange rates causing problems for Hornby.
Oasis healthcare is buying Smiles Dental in Ireland.

The Guardian 

Retailers cut prices on clothes,shoes and electrical goods last month in a battle to attract shoppers.
Aldi and Lidl are gaining market share against the big boys.

 Daily Mail 

Geoff Foster, Stock Spirits down after Oaktree Capital sold its entire holding of 73.7m shares at 275p to institutional investors. Tech shares down yesterday after Nasdaq fell again. Northgate improved slightly after Berenberg gave a buy rating and target price of 650p.
Samsung profits down on competition from other phone makers and a slowdown for hightec hand sets.
Gala Bingo in sights of same US investor who bought Comet just before it went bust creeating 7000 job losses but making his investment vehicle Opcapita £70m.

The Express 

AB Foods hit yesterday over impact of falling sugar prices.
McColl’s is upping its expansion plans as sales have soared.
Dyson is launching its Dyson Airblade wash tap technology in Japan.
Diageo has teamed up with David Beckham to promote its whisky and launch a new Scottish brand.

Monday
Mar312014

morning newspaper roundup - 31/03/14

Telegraph

Banking on smartphones doubles in 12 months which brings concern for branches as technology brings decline in their use.
House of Fraser potential bid from Sanpower a shock as company was looking to float.
London’s mayor today will set out four scenarios for how Heathrow could be redeveloped into a new district providing 100,000 jobs and homes for 200,000.
Independent newspaper owner Evgeny Lebedev would sell if offered the right money.
Novus Leisure to invest £20m to refresh 47 sites over next 2 years.

Independent 

Tobacco industry looking to attack a report into the health benefits of plain packaging.
Debt collectors are being forecast to double the size of their businesses in next 5 years.
Asos reports Wednesday.

Financial Times 

SocGen faces $1.5bn lawsuit from Libyan Investment Authority.
Value of deals in TMT’s has reached highest level since 2006.
Glencore a step closer to being an iron ore miner by reaching a deal with Mauritania for $1bn contract for access to railway and port facilities in the country.
RBS poised to announce Ewen Stevenson as new finance chief.

Times

Government auditors to give their view on on the floatation of Royal Mail, which appears to have lost tax payers over £1bn.
Exports to European Union provided 4.2m jobs and £211bn of national income.
The potential buyout of House of Fraser by Chinese company may not be the best deal for shareholders.
Government told to move quickly on future of Portsmouth naval shipyards or risk losing investment contracts to Dubai and France.
Luton to unveil ambitious growth plans today in a challenge to Stansted.
Network Rail drawing up plan to convert hundreds of railway arches. Dubbed the Nine Elms opportunity area the area will be transformed over next 2 decades.

Express 

IPO’s at 7 year high as many new companies take advantage of rising investor confidence.
Next is still a buy. Although shares have risen 55% over past year. Investor appetite remains undiminished.
Card Factory is looking to float this summer with hopes of raising over £700m.
Galasys a company that provides ticketing systems for Asia’s theme parks is hoping to follow Accesso’s success and float on the market.
Rame a wind power developer lists on the Aim market on 4th April.

Guardian 

Housing bubble fear as demand outstrips supply.
Britain’s biggest firms looking to invest £200bn over next couple of years to seek benefit from the recent uptick in the economy.
House of Fraser has apparently been bid for by Chinese company Sanpower. House of Fraser was to be floated on the London stock market.

Daily Mail

£200bn to be invested by Britain’s biggest companies in a bid to make the most out of the recent upturn in the economy.
Sanpower looking to bid £450m for House Of Fraser.
The aerospace industry in Britain has had an increase in orders of 25% over last 2 years, highlighting the strength of Britain’s aerospace industry.
Glaxo to invest in Africa in factories and research.Former Tesco Chief Sir Terry Leahy has joined board of Blackcircles.com as it prepares for possible IPO later this year.

Friday
Mar282014

morning newspaper roundup - 28/03/14

Guardian

Morrisons chief waves bonus following 2 profit warnings.
Barclay Bros suffer setback in battle to extract record sums from the treasury in relation to VAT dispute.
Interest rate rise could come quicker if growing sales as seen in February continue.
Spotify is reportedly talking to investment banks about an IPO.
World’s top 10 prescription drugs bring in $76bn a year.

Independent 

Insurers warn that planned cap on charges on workplace pensions will drive small schemes out of business. Giving workers less financial freedom.
Microsoft to launch its Office programs for Apple’s iPad.
Rank has hired Henry Birch (ex’William Hill online boss), as its new chief exec.
easyJet could squeeze BA out of Gatwick north terminal to the smaller south terminal after seven year deal with Gatwick.
BSkyB moved hire after speculation that it could be a bid target.

FT 

Lex. King Digital Entertainment dropped 15% on first day of trading. It must look at Quercus. Who started well but couldn’t follow up on first success. They should keep to paying divi to keep investors happy first and foremost and then must come up with the next Candy Crush idea.
Baxter Intl will split its biopharma medical product business. They must now work out how to make the most of the 2 divisions.
UBS suspends 6 more FX traders after internal probe into alleged rigging.
H&M down after profit rise disappoints.
Alcatel-Lucent in 1 year 750m euro contract with China Mobile.
Total and Lukoil in talks regarding Lukoils’ shale oil projects in Russia.
Instagram has overtaken Twitter to become more popular with US smart phone users.
Stock Spirits says it is in talks with potential targets.

Times

Tempus. Babcock Intl. not cheap at current multiples. And worry if they have overstretched themselves in deal to buy Avincis. Compass look fully priced at current levels yielding about 2.8%.
LSE shares are now at 19 times earnings. A level not seen since they were batting off numerous takeover bids. With none of that around they are at top end for now.
David Lenigas hit by markdown in his companies. Rare Earth Minerals down 8.5% then Lenigas lost a legal dispute with Mediterranean Oil and Gas.
GSK recalls weight loss drug after worries of tampering fears.
Laura Ashley is to open websites in France and Germany to try and overturn slowdown in sales.

Daily Express 

Compass say on course to achieve 4% growth in organic sales in H1. But expects a hit on profits due to strong pound.
DMGT fell yesterday due to revenues down 1%.
WH Smith up yesterday at a high after talked up prospects for its travel arm and website Funkypigeon.

Daily Mail 

Geoff Foster,Talk of a bid from GSK and /or Shire Pharma or even Eli Lilly at $20 a share for Ariad. Given the green light by the FDA but it seems they’ve all lost out to smaller rival in Jazz Pharmaceuticals.
Babcock share price drops after acquisition of Avincis. They are raising the money via a £1.1bn rights issue.
£28.3bn raised on LSE in last 11 months. Double the previous time frame.
Morrisons chief is giving up his bonus after poor year.
High street sales rise sharply in February helping to boost growth.
Compass warns like many of negative currency conversions will hit trading.

Thursday
Mar272014

morning newspaper roundup - 27/03/14

Telegraph

Questor. SSE is a Hold. Bellway is a Buy.
RSA £773m cash call 3for 8 rights issue was digested by the market yeserday.
Just Eat’s to be valued between £1.2bn-£1.47bn which if placed at top end will value the compant at 100 times 2013 earnings.
Facebook buys Oculus VR maker of virtual reality headstes for £1.2bn
SSE has scrapped plans to invest £20bn into 4 major offshore wind projects.

The Guardian

Vince Cable along with telling the top companies that they should have more women in the boardroom, he now says it’s all too white, and need more racial diversity.
Spain’s oil exploration permits up 35% as two discoveries offshore and prospects of fracking in many areas.
Carpetright gives 3rd profit warning in 6 months.
L&G thinks annuities market to drop by 75%
King Digital dropped 16% on their first day of trading.

The Independent 

Ofgem will announce today a shake up of the energy industry that might lead to big six being broken up.
Chief exec of Future resigns a month after profit warning.
Standard Life completes purchase of Ignis from Phoenix.
Lloyds of London posted a £3.2bn profit last year.
ITV’s long run (up 272% since 2010) on the up tick could be at an end after UBS said yesterday that they think it can’t last forever.

27 March 2014 06:15

 

 

Lex. Bumi/ARMS, Bumi shares down by four fifths since stake was first sold. Thermal coal prices at 4 year low. No polishing this one!! Fonterra off slightly on news of halving net profits. But holding firm due to investor confidence in future profits. TUI Travel and Kuoni are trading at around right levels for now.

27 March 2014 06:15

 

 

Tempus. Phoenix Gp, Hold shares for income, and look for further deals to maintain that. Lamprell, Flat revenue outlook so no rush to buy yet. EnQuest, lower risk plays in sector. Recent decline in price means a decent point to get involved for long term investors.
AIM raised £435m for companies in February which is best month since December 2007.
Fears that the next tech boom bubble is about to burst were not helped by the first day of trading for King Digital (makers of candy crush game) which lost almost $1bn of its value.

27 March 2014 06:15

 

 

Half of £4.2bn worth of Lloyds shares sold by the government were brought by foreign investors which is a vote of confidence in the UK.
TUI Travel keeping summer sales on course.
L&G struck a deal covering £3bn of liabilities from the ICI pension scheme. This was the stand out amongst all the insurers making ground since being hit by the budget annuity reforms.
Lloyds of London’s best profits since 2010 due to fewer natural disasters.

27 March 2014 06:10

 

 

Geoff Foster,Two serial underperformers came back to haunt investors again yesterday. Carpetright with another profit warning (That’s 9 since 2011) and Lamprell who is not far behind.
AIM listed sports agent TLA Worldwide clients have done well on the lucrative PGA Tour.
Bellway pleases with near doubling of divi and says it’s ready for construction boom.
Santander fined for mis-selling to thousands of savers.
Rupert Murdoch gave indications of retiring after securing top jbs for his two sons.

Wednesday
Mar262014

morning newspaper roundup - 26/03/14

 

Daily Telegraph 

Questor. Royal Mail is a Hold. Topps Tiles is a Buy.
easyJet up on news that losses will be cut.
Mining companies Anglo American, Rio Tinto, Fresnillo and Antofagasta all rose yesterday helping the FTSE as markets bet that China would take further steps to boost its economy.
Wages are set to outpace inflation for first time since the financial crisis began.
Just Eat IPO expected to be valued above £1bn.

Guardian 

Vince Cable warns biggest companies over executive payments.
Boardrooms are appointing more women than ever but still not a fast enough rate to meet government targets.
Facebook pays £1.4bn for Oculus VR.
House prices up 7% last year, says ONS.
Strike threat at Royal Mail after 1600 jobs go in first round of redundancies.

Independent 

Former chairman of Co-op puts blame on Government ministers as contribution to problems.
Tullow Oil discloses tax paid to poorer countries.
Ladbrokes could be a target for a bid by private equity is the chatter in the market.
Sainsbury takeover could be back on form Qataris again.
Strike action threat hits Royal Mail shares.

FT

Lex.Disney acquisition of online video network Maker Studios could take some time before it adds to income.Nokia assets being looked at but not all easy to asses.Investors in Greek banks since the credit crunch turmoil should be aware that although better thee is still potential dangers ahead. Luxottica the maker and seller of names such as Ray-Ban and Oakley have struck a deal with Google to make internet enabled glasses, won’t be an immediate impact on already decent numbers from Luxottica but may turn out ok if the idea of internet glasses takes off and if they get the best of the deal with Google.
King IPO priced at mid range raising $500m.

The Times

Tempus. RSA, doesn’t look very exciting for time being. Wolseley, look as though they have gone as far as they can on present news. 888 Hlds, sell on almost 16 times earning and although look good there is no need to rush in as yet. Quixant u after 20% jump in profits to $6m. Thomas Cook being bought before trading update tomorrow.
SAB Miller rose on gbood news after 7 year competition case in South Africa, along with whispers of a bid from Annheuser-Busch InBev.

Daily Express

RSA to raise £773m to help with finances.
easyJet helped by mild winter.
Government to sell £4.2bn more of Lloyds shares.
Kingfisher at 14 year high on back of economic recovery.
SAB Miller up on idea that takeover by Annheuser-Busch InBev is on the cards.

Daily Mail 

Geoff Foster,Sainsbury’s, look vulneravle to a bid and Qatari’s tipped as the buyer, again.Horizon Discovery should trade at a good premium when trading starts today.
Kingfisher boss says turmoil in Crimea is ‘unhelpful’ for business in Russia.
Accesso targeting Asian markets to generate more sales.
Centrica boss to get £400,000 bonus.
The Government announced last night the second sale of Lloyds shares to further lessen its stake.
National debt still out of control say experts.