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SVM says Schneider’s bid for Invensys may flush out other bidders

12 July 2013

SVM UK Opportunities Fund manager Neil Veitch says that French conglomerate Schneider’s bid for Invensys may flush out other offers. It says the move by the French firm could prompt other bids and may encourage US industrials firm Emerson to revisit its earlier interest. Veitch says: “When Invensys announced that it had reached an agreement […]

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Monday share tips: Marks & Spencer, Burberry and Experian

8 July 2013

UK retailing giant Marks & Spencer and luxury fashion label Burberry are among those updating the market this week. Mindful Money looks at whether investors should buy or sell writes Philip Scott. Marks & Spencer delivers its first quarter trading update on Tuesday. Once again, same store UK general merchandise sales, including the highly observed […]

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Positive US jobs data fails to stir late flourish but FTSE 100 up 2.58 per cent in roller-coaster week

5 July 2013

Stronger than anticipated US employment numbers failed to cheer the FTSE 100 on Friday as fears over the end of QE tightened. But despite a week of high volatility the blue-chip index managed to put on almost 3 per cent writes Philip Scott. The top-flight index closed the week at 6,375.52, 46.15 points down on […]

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Monday shares outlook – Market awaits Carrillion and Tullow Oil updates

1 July 2013

Contract wins in the UK and Middle East for Carillion have brought some welcome news for the support services group writes Philip Scott. The firm’s joint venture business in the United Arab Emirates has been confirmed as the designer and builder for a £130m luxury hotel in Abu Dhabi. The group delivers its interim management […]

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Mindful Money Friday close – FTSE 100 makes a weekly gain but persistent QE fears and miners limit progress

28 June 2013

The FTSE 100 managed a gain over the week but continuing fears about the end of the US’s quantitative easing programme, China’s slowing growth rate and a slip in the gold price held progress back writes Philip Scott. While the blue-chip index shed 27.93 points on Friday to finish at 6,215.47, over the week it […]

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Ben Bernanke’s QE announcement bears down on FTSE 100 – Friday market close report

21 June 2013

It was a volatile week in stock markets as Federal Reserve chairman Ben Bernanke announced that quantitative easing was likely to be tapered back later this year and shut-off altogether in 2014. Philip Scott reports. In addition, data from HSBC indicated that Chinese manufacturing had fallen to a nine-month low in June adding to the […]

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Hargreaves Lansdown clients would participate in Lloyds sell-off, but broker says why not buy traded shares now

20 June 2013

A survey of Hargreaves Lansdown clients has shown that 65% would participate in a Lloyds Banking Group IPO but only 43% in an RBS one. An Initial Public Offering (IPO) is expected perhaps as early as the autumn, with shares offered initially to institutional investors and then subsequently retail investors. A privatisation of RBS seems […]

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If the Chancellor sells the Lloyds holdings too cheaply, it may make it a buy for investors

20 June 2013

Maybe the Treasury has taken note of criticisms such as that voiced by Justin Urquhart Stewart on MindfulMoney earlier this week. Urquhart Stewart had compared an early sell-off of the banks simply to get money into the Treasury coffers as comparable to Gordon Brown’s notorious gold sell off at the bottom of the market. That […]

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Monday shares outlook

17 June 2013

Mindful Money looks at the shares in stock broker sights right now. Stocks to watch over the coming week include Whitbread and Imagination Technologies, while Mulberry dresses for further success writes Philip Scottt. Tomorrow support group and generator-hire specialist, Aggreko reports on second quarter sales and revenue, along with a trading update. Recently there have been concerns in the market […]

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Non-farm payroll in US beats consensus prompting late Friday recovery though FTSE down nearly 3 per cent on the week

7 June 2013

Markets geared up on Friday for the latest figures on the US labour market, a key indicator of its economic recovery and an indication of how much longer quantitative easing could last writes Philip Scott. The US added a 175,000 jobs to the US payroll figures in May, ahead of the 165,000 consensus forecast. Paul […]

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