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Traders Thread & Thoughts - Monday 24th May (MKS)
Crocodile - 23 May 2004 15:33
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European airlines should rise falling a drop in the price of oil. Burberry's full-year profit rose 21 percent to 141.2 million pounds. Total sales rose 15 percent following the opening of new stores and added new lines to the range. Kidde British fire-fighting equipment maker said it had won a $250 million deal over 20 years to provide the complete fire protection package for the new Boeing 7E7 Dreamliner programme. EMI profit fell 8.7 percent to 163.3 million pound, turnover fell 2.5 percent to 2.12 billion pounds both figures beating market expectations. The company said it was confident for the next year with an improvement in the music industry. Microscience, vaccine development company said it planned to raise about 40 million pounds from listing its shares in London next month, which should value the firm at up to 140 million pounds. |
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Europe & World (GMT) |
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Connaught (I), Dawson Holdings (I), Get Group (I), Medisys (I), Alterian (F), BSS Group (F), Burberry (F), Detica (F), EMI (F), Merchant Retail (F), Prelude Trust (F), Torotrak (F), Uniq (F), Virtue Broadcasting (F), AG Barr (AGM), Marlborough Stirling (AGM), |
Campbell Soup, Medtronic, Novell |
WCM Beteiligungs AG |
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Pre Market Futures |
FTSE +6 |
DAX+6 |
DOW+24 |
S&P+3.3 |
Nasdaq+5 |
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Crocodile - 23 May 2004 15:34 - 3 of 15
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SUNDAY TIMES Business Digest British Airways Savills homes in on Smith New Rentokil boss to examine break-up of 2.7bn group Rentokil Initial Inside the City: John Waples: Reinvigorated BT must sprint to stand still Inside the city, BT Group Buisiness Digest, Pennon Food sales slump adds to M&S woes Sharewatch: Eidos Tesco , Davis beats Leahy on pay BT Group, Irish Business Digest Should you buy shares in C&C? Northern Rock, Banks fail to pass on full rate rise Irish Business Digest, mmO2 C&C Group , And Finally ... McDonnell can call on old pal Spollen in AIB probe |
Petrel Resources, Irish oil minnow tenders for lucrative Iraqi deals Baltimore Tech, McDonnell can call on old pal Spollen in AIB probe Media News Billboard: TV3 still in the way as UTV reaches for the Sky Digital ITV Green suffers UCI setback Irish Business Digest, Irish Life & Permanent And Finally ... McDonnell can call on old pal Spollen in AIB probe Sharewatch: BT Directors' deals: Shopping centre boss goes on a spree, Liberty International Sainsbury, Davis beats Leahy on pay Should you buy shares in Inchcape? Sharewatch: ScottishPower Bank of Ireland Bank chases more postal deals Abbey National, Banks fail to pass on full rate rise William Lewis: Rentokil boss just became too much of a pest Tycoons await Man United response |
| Inchcape, a company that imports, distributes and sells vehicles in partnership with carmakers including Toyota and BMW, has a strong balance sheet and plenty of scope for acquisitions. The stock - currently at 1575p - is rated as a buy by Tim Steer, fund manager* at New Star. | |
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Shell gives Watts a 1m farewell Shell Transport GUS plots big Argos split Pennon gets its hands on Shanks International Power in 300m sell-off talks |
Rentokil Initial, Toppling of Thompson Celltech, A bitter pill for Britain O2's happy illusion BT's brave new world Jonny lends Boots a touch of class |
| mmO2 encouraged the City last week with full-year pre-tax profits of 95m and a promise to be debt-free within 18 months. With customer numbers on a promising trend, shares look enticing at 94.25p. Investec has been hit by fears that it is vulnerable to the weaker rand, given that half its earnings come from South Africa. However, shares - at 975p - now appear oversold, particularly in light of a strong performance in investment banking. | |
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Sales slide again at M&S BA wages long-haul price war Sainsbury Shareholder revolt over Davis's sticky fingers Investors tell ITV to ditch Allen for Dyke Man U bows to Irish on player deals |
M&s Per Una makes City curious about George British Land, Game's up for Ritblat Jarvis threatens to derail Norris On your marks, Marks & Spencer Group Amec and Koreans in $1bn Iraq deal Vodafone cuts losses and boosts dividend |
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Tough week ahead for M&S chief Vodafone to announce record profit Snubbed BSkyB chief 'set to quit' BA double-crossing UK customers ITV's Allen under fire on performance |
Lloyds plans 1bn IT deal Too slow: Legal & General faces new fine Sainsbury, Stores to launch price cut campaigns Hilton takes a new punt on casinos Ex Rentokil boss warns: I'll sue |
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Time's up' for chief of Jarvis Powergen boss hits out over emissions targets HSBC in $7bn New York banking community bid MmO2 pleads for more time to roll out 3G service Highland Gold Mining, Abramovich faces fraud probe over sale of gold mine Pennon Terra Firma gives up in battle for British waste M&S and Sainsbury's shopping for Sir Clive Japan threatens Vodafone's plans for global mobile phone domination |
Rentokil , When the old boss hangs around, the only way is down Marks & Spencer Group Will it be love at first sight in franchising? Sainsbury When the old boss hangs around, the only way is down For two decades he turned pests into profits. So why was 'Mr 20 per cent' Rentokilled off? Vodafone, The investment tourists: America just loves our quaint British companies LSE, When the old boss hangs around, the only way is down M&S The investment tourists: America just loves our quaint British companies British Land The investment tourists: America just loves our quaint British companies |
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Cassani a 'dark horse' for M&S ScottishPower nears $1bn US profit target War is out, celebrities are in as Mirror hints at change John Wood Group Pouring oil on troubled water |
BT, Microsoft pilot broadband drive in Scotland Celltech takeover is bittersweet pill for bioscience sector SMG set to announce new chairman Vodafone on right lines to confound critics |
| THE BUSINESS UK COAL, Britain's largest coal mining company, is currently trading at 145.5p, although Durlacher's Aim bulletin has a target of 200p with scope for further growth over the long-term because of rising dividends*, the higher coal price and property development potential. | |
| Sunday Express: Man has continued to impress despite expectations that hedge funds* will become less attractive as the economy improves. Recent results beat hopes with Teather & Greenwood rating shares as a buy at 1633p. | |
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INVESTORS CHRONICLE Tips: Buy French Connection (FCCN) at 425p - Vantis (VTS) at 112p - Delcam (DLC) at 204p and OMG (OMG) at 21p. Sell Lloyds TSB (LLOY) at 418p and Ultraframe (UTF) at 127p. Beat the Crash: Chemring (CHG) - Dixons Group (DXNS) - GlaxoSmithKline (GSK) - Renishaw (RSW). Updates: Buy Churchill China (CHH) and Monterrico Metals (MNA).William Hill (WMH) is good value.LogicaCMG (LOG) is fairly priced. Company Results:Buy Cranswick (CWK) - VT Group (VTG) - BAA (BAA). Sell Enterprise Inns (ETI). |
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SHARES MAGAZINE Plays of the Week:Buy UK Coal (UKC) at 145p - Alliance Unichem (AUN) at 595p - Prezzo (PRZ) at 110p - First Derivatives (FDP) at 81.5p. Updates:Buy Abbeycrest (ACR).Hold Zytronic (ZYT). Take profits in First Quantum Minerals (FQM). Extreme Times call for Defensive Measures: National Grid Transco (NGT) - Scottish & Southern Energy (SSE) - Smith & Nephew (SN) - Tesco (TSCO) - Tate & Lyle (TATE) - BATs (BAT). |
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Sunday Newspapers The
spiralling cost of petrol will be top of the agenda at a meeting of finance
leaders in New York.Chancellor Gordon Brown will be among those attending the
crucial G8 talks.
Homeowners are being warned that a sharp hike in interest rates could be looming
in a bid to prevent a property market crash.The Council of Mortgage Lenders
represents banks and building societies.
Fundamentalist
- 23 May 2004 19:13
- 4 of 15
daves dazzlers
- 23 May 2004 22:36
- 5 of 15
amberjane
- 23 May 2004 23:10
- 6 of 15
kantona - 23 May 2004 23:30 - 7 of 15
Mega Bucks
- 24 May 2004 07:03
- 8 of 15
long arm bby cs ctm mks tsco wlw dax nas s&p ....
hope you all have a great day making shed loads of money!!!!!
Mega...
Crocodile - 24 May 2004 07:39 - 9 of 15
Insider trader
- 24 May 2004 08:24
- 10 of 15
little woman
- 24 May 2004 08:32
- 11 of 15
One good thing about all this uncertainty is that spending is going down which has got to be a good thing.
jj50
- 24 May 2004 09:07
- 12 of 15
little woman
- 24 May 2004 11:51
- 13 of 15
S&P futures are up.
little woman
- 24 May 2004 13:52
- 14 of 15
Reports in the weekend press that the Council of Mortgage Lenders is calling for interest rates to double to avoid a housing-market crash appear to be rather alarmist and misleading.
Yesterday, the Sunday Telegraph reported that the CML's chief, Michael Coogan, thought that the Bank of England's Monetary Policy Committee (MPC) needed to increase interest rates to at least 8% in order to prevent house prices spiralling out of control and then crashing. He was quoted as saying that it may already be too late for the MPC to influence the housing market with small tweaks to interest rates.
This morning, the CML is claiming that Michael Coogan did not give an interview to the Sunday Telegraph, let alone one suggesting that interest rates need to double or are likely to double. He now says:
"This was only ever designed as a hypothetical observation - we do not want it to happen, nor do we believe that it will. But it has become a media story that has spun out of control - and it is now time for it to stop. Real people make real financial decisions based on what they read and hear in the media - we want to make quite clear that they should be expecting a moderate rise in rates, not a doubling."
One thing he's certainly got right is that some people do react to what they see in the newspapers. You can well imagine that people with large mortgages who are already stretched to the limit might be inclined to panic at the thought of interest rates doubling! And the moment people start panicking is the moment the market turns.
If you are truly worried that interest rates will go up enough to cause you money worries, then consider fixing your mortgage rate for the next few years, so you'll know exactly how much you'll need to find each month. As it happens, the CML believes the Bank of England's base rate is likely to end the year at around 5.25%, and end next year at around 5.5%.
Does that make you feel better?
Insider trader
- 24 May 2004 14:16
- 15 of 15
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