Hints and tips:
...“[Estimates] are still higher than what I would rationally expect,” said Omar Aguilar, chief executive at Schwab Asset Management....
...Aguilar revealed that some of the rioters got within 40 feet of the vice-president as he was being evacuated....
...The Ecuador part of Vitol’s settlement dealt with the same conduct charged in Mr Aguilar’s case....
...President Donald Trump has been happy to flaunt the S&P 500’s return of nearly 16 per cent this year....
...Warren Buffett, the billionaire investor and an outspoken critic of fund managers who profit from high fees at the expense of their clients, bet in 2007 that a Vanguard S&P 500 index fund would beat five...
...Nine out of ten actively managed European equity funds underperformed their benchmark over the past decade, according to data from S&P Dow Jones Indices....
...Ladbrokes struggled under the leadership of entrepreneur Richard Glynn, who has been replaced by Jim Mullen. A combination with Gala Coral may therefore be seen as defensive by critics....
...Christopher Glynn, analyst at Oppenheimer, said: “This company’s strategy has been to work successfully on the acquisition front....
...Shares in Sportingbet were 19.6 per cent lower at 36¾p in afternoon London trading, while Ladbrokes’ stock slipped 2.5 per cent to 117.6p....
...Sportingbet’s shares closed on Friday at 45¾p, valuing the company at £302.5m....
...The shares dipped 2½p to 139½p. In the year so far, amounts staked are up by 14.1 per cent, but net revenues are only up 0.1 per cent as a result of lower racing and football margins....
...Shares in Ladbrokes rose 9 per cent to 144p on Friday, giving the group an equity value of £1.3bn. 888 shares fell 16.9 per cent, from 41½p to 34½p, valuing it at £120m....
...Shares in 888 rose 8¾p to 57¾p. Shares in Ladbrokes fell 1½p to 126p....
...Ladbrokes edged up 1.4 per cent to 156p on expectations it will name Sporting Index boss Richard Glynn as its new chief executive....
...“We retain our view that BA’s board must strongly consider raising equity,” said NCB analyst Neil Glynn. Property stocks edged higher after Cazenove closed its “underweight” position on the sector....
...With the Iberia deal unlikely to be completed this year, BA’s board should take its chance and raise up to £500m with fresh equity, NCB analyst Neil Glynn said....
...Lloyds fell 29.7 per cent to 70½p, dropping sharply below its theoretical ex-entitlement price of 76½p....
...Omar Aguilar at ING Investments noted that during election years November tended to be the most volatile month, but that volatility tapered off right after the election....
International Edition