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Traders Thread & Thoughts - Monday 30th June (DEB)
Crocodile - 29 Jun 2003 11:39
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S&P &Futures (Click for latest)
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Pre Market Futures (7:30) | |
| FTSE | -22 | ||
| TechMark | -2 | ||
| DAX | -+ Unch | ||
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Hang Seng -36
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Nikkei -20
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DOW | +38 |
| S&P | +5.5 | ||
| Nasdaq | +3.4 | ||
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News Headlines: UK futures down bur European markets open Flat & US futures rising so a rise is likely after a a down start. House prices were unchanged in June after falling slightly in the previous two months, property website Hometrack.co.uk says. Debenhams, says it has received a rival bid approach from another party. A takeover attempt would come up against a 1.5 billion pound approach already on the table from Permira. Debenhams said the discussions with Permira were continuing. IMI said Monday that for the six months ending 30 June 2003, on a like for like basis sales overall remain steady at similar levels to last year with volume improvements in Fluid Controls offsetting the expected reduction in Retail Dispense. Alfred McAlpine said that at this stage in the year, overall prospects for the second half remain encouraging and our order books provide a strong platform for future progress. Overall performance to date has been in line with expectations.
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Crocodile - 29 Jun 2003 11:40 - 3 of 10
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British American Tobacco is thought to be considering a 5bn takeover of Altadis, the Spanish-French rival that makes Gauloises and Gitanes cigarettes The BBC plans to team up with BSkyB in a joint bid for the rights to Premier League football matches. If successful, BBC's Match of the Day would show live, top-flight league games for the first time. Standard Life mortgage bombshell, the biggest provider of mortgage endowments*, has admitted it faces a timebomb caused by shortfalls on hundreds of thousands of policies. BHP Billiton and Rio Tinto Group should maintain output cuts at Escondida, the world's biggest copper mine, through the end of the year because of sagging metal demand, a partner at the Chilean venture said. Leading shares are expected to trade in a narrow range next week as results dry up and investors wait for brighter economic news, though a quarter-end rally could give a boost. The chairman of the country's biggest newsagent and bookseller, WH Smith, plans to quit before the end of the year Private equity groups CVC Capital Partners and Texas Pacific Group are preparing a joint bid for retail group Debenhams, Sunday newspapers have reported Central bank governors from around the world say they expect a slow and sluggish recovery in the global economy. The London Stock Exchange has confirmed its in-coming chairman Chris Gibson-Smith is seeking early meetings with his counterparts at rival bourses Deutsche Boerse and Euronext. |
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| 12m Burberry boss faces investor revolt Faroe Petroleum Oil explorer defends chiefs pay-off deal British American Tobacco boss to fly in at BA WPP UK Active agrees to Cordiant disposals Allied Irish Bank seeks 400m for buyout fund Rival bid planned for Debenhams Allied Irish Bank SMG Goodbody woos Montgomery star Scottish and Southern Energy End of the fat cats pensions bonanza Aberdeen Asset Management fails to meet deadline for 80m deal Cazenove is worth less than Lastminute.com BAE to win 1.5bn Hawk deal AOL beats Freeserve to first net profits British Energy chiefs 3.6m pension pot WH Smith chairman Taylor in shock decision to resign Dana Petroleum Oil explorer defends chiefs pay-off deal |
Smith and Nephew, GWR Group, Legal & General Success for our stockpickers BT Group Yell and Belgacom plan megafloats Is Sir Peter losing control of his Sainsbury trolley? Whitehead Mann: Recruitment agents dismiss their own shares British Airways, Alliance and Leicester Success for our stockpickers Enterprise Inns, Cordiant Communications Success for our stockpickers AWG, Marks & Spencer Success for our stockpickers Nestor Healthcare, Serco Success for our stockpickers Taxing reason why Orange faces takeover City finds WH Smith lacking in magic Scottish Sharewatch: PPL Therapeutics Dixons John Clare: Shy cheerleader for the high street UK Active agrees to Cordiant disposals EasyJet: No profit in coming to Dublin' |
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| Galen Holdings Tchenguiz puts money down for Selfridges WPP, Cordiant go-ahead for disposals Ennstone faces 130m auction Kingfisher faces new revolt CVC and TPG prepare joint Debenhams bid |
Don't bet on a BAE takeover Persimmon White in the pink Lord Robertson to join Cable & Wireless board BT Group Yell judges time ripe for flotation Invensys seeks $850m for US arm |
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| Just 15 months ago shares in construction group Alfred McAlpine were trading above 490p, last week they closed at 272 1/2p. Shareholders have been disappointed that McAlpine has not returned as much cash from last year's sale of its housebuilding arm as many had hoped. This looks harsh. Its decision to invest in a move into capital projects and PFI schemes has been successful. Buy. Ports shares have hardly been in favour with investors over the past year. However, the sector is worth considering. Some companies such as Mersey Docks & Harbour have produced respectable earnings in a difficult economic environment. The group, led by Peter Jones, has taken advantage of the economic downturn to invest in infrastructure and is now better placed than it rivals to benefit from a recovery. At 553 1/2p the shares trade at a discount to other ports groups which seems unjustified. Cardpoint, the operator of convenience cash machines (60 1/2p) pulled off a bold acquisition last month buying a rival network from Securicor. The move increased its network from 450 to 1,700 including machines in prime locations such as motorway service stations. Valuing such businesses can be tricky but some brokers believe the price could rise through 80p. Worth a punt. | ||||||||
| Observer | Exel UK transport crisis deterring investors Candover plans 1bn move for Auto Trader Energis accounts bore 'no relationship to reality | Safeway, JJB Sports 100bn industry is desperate for deals Marks & Spencer Corporate tax avoidance is costing us all billions mmO2 Is that your mobile ringing or a deep human need? | ||||||
| Independent |
WPP, Cordiant Communications Scrutiny for Sorrell after AGM rebuke Granada, Carlton urged to seek better deal on merger RBOS Shareholders say bulls to the bond markets and the management buyouts |
Dixons ready to recharge itself as profit is corroded JJB Sports Shareholders say bulls to the bond markets and the management buyouts Going, going, gone? QXL ricardo once excelled, now it's getting hammered | ||||||
| Jove considers taking legal action over Aberdeen Asset Management Bidders line up to take over Scottish and Newcastle pubs empire Magnum Force to be reckoned with? Faroe Petroleum floating in a sea of hope HBOS Scots directors profit 200,000 through share dealings Digital Animations Black back in swim with new agency Pentland exapnsion drive after US contract |
The puck stops here for Orange ICI Beguiling battle for Hamleys does not look like child's play SNG Can Chris Evans ever make the grade again? KPN Beguiling battle for Hamleys does not look like child's play Scottish & Newcastle expects to toast strong results Businessmen up stakes in John Swan but deny bid interest Do not ask Diageo for a drink |
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| Sunday Express | A trading statement from banking group HBOS said margins, credit quality, costs and capital were healthy, it also reported rising investment sales. Dresdner Kleinwort Wasserstein says it expects to see higher trading in 12 months and has raised its target. Buy at 793p. A new management team at the gearbox technology company Torotrak is finally on track. Tests by Ford show the company's technology can improve fuel efficiency by 20%, so it looks well placed to capitalise on demand for reduced fuel consumption and CO2 emissions. Buy at 35p. | |||||||
| Capital Radio, Cobra Bio-Manufacturing, Gallaher, Havelock Europa, Palmaris Capital, Shell Transport | ||||||||
| Buy Ncipher at 133p - Surfcontrol at 635p - Venture Production at 174p - Ultimate Leisure at 223.5p. Wiggins - Courts - JJB Sports - Tomkins - UK Coal - easyJet - Marconi - Ashtead - Corus - MyTravel Group, Celtic Resources, Close short positions in Dixons (DXNS.L). Take profits in Amec (AMEC.L). | ||||||||
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Crocodile - 29 Jun 2003 21:04 - 4 of 10
You have sent an Email regarding next Thursday's training day. Unfortunately you have not given me your EMail to reply. There are 3 places left so please Email me at david@ftsedow.com
Nick - 29 Jun 2003 21:33 - 5 of 10
Thankyou.
Crocodile - 30 Jun 2003 07:43 - 6 of 10
farmboy - 30 Jun 2003 07:59 - 7 of 10
washlander
- 30 Jun 2003 09:04
- 8 of 10
Crocodile - 30 Jun 2003 11:15 - 9 of 10
little woman
- 30 Jun 2003 16:30
- 10 of 10
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