Hints and tips:
...Several companies have filed paperwork for IPOs in the past few weeks, including UK commodities broker Marex and casual dining chain Panera....
...A recent study by broker JLL found that 73 New York City buildings were worth less than the value of their loan balances. “It hits everybody,” Mechanic said of the losses....
...“While the global auto industry was literally spinning its wheels creating the same dull product, Elon created an industry....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...But the real adventure begins in November when he departs for the Arc transatlantic yacht race. He completed that route in an impressive 16 days a decade ago....
...Related links: US corporate bond traders go electronic – FT Brokers back new boost to bond liquidity – FT...
...Another potential underwriter is one of the company’s private equity owners – KKR, which has a broker dealer and is keen to help its portfolio companies go public....
...Whether it’s bottom-numbing sessions of Grand Theft Auto or a quick train-journey blast of Angry Birds, games are everywhere. “A lot of people now will have some games on their mobile phones....
...Engineer GKN rallied 1.3 per cent to 202½p ahead of a trading statement due Monday, which will be the first scheduled comment from an auto parts maker post Japan’s earthquake....
...A broker downgrade also weighed on BAE, with Sanford Bernstein switching to “market perform” on valuation grounds....
...One of the new risk management tools for spread bet and CFD traders is Auto Close-out....
...European stock markets were a shade higher on Tuesday as losses for chipmakers, utilities and autos were offset by gains for oil stocks....
...The company highlighted weakness in the auto sector, which accounts for around 10 per cent of its business in France, helping to drive French earnings before interest, tax, depreciation and amortisation...
...The auto sector also had a bad day after being the best performing sector in the previous session....
...“Since the share price drop on May 11, Delhaize has underperformed the US food retailers,” the broker said....
...Other auto stocks were also in positive territory, but some analysts noted that recent gains could have been much greater given the boost that the euro’s fall against the dollar could give to exports, particularly...
...The disagreement relates to Fiat’s option to sell its car arm to the US group, part of a deal signed in 2000 when GM bought 20 per cent of Fiat Auto....
...The two companies failed to reach agreement over whether Fiat can force GM to buy its ailing car operation as part of a deal agreed in 2000 when the US group took a 20 per cent stake in Fiat Auto....
...The broker downgraded its earnings forecasts for the company, cut its recommendation to “neutral” and chopped its target price to €36 from the previous €50....
...That news unnerved the wider market, prompting a retreat in other sectors, such as auto....
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