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intelligent Investor UK edition February 7 2011

intelligent Investor UK edition February 7 2011

Ratings: (0)|Views: 51|Likes:
• Stock recommendations and price targets from top brokerage firms
• Analysis and views on U.K. January car sales and Randgold FY profits
• RICS Housing Market Survey (January)
• McBride interim results
• Low & Bonar, Beazley, BG Group, Patsystems, Wolfson Microelectronics and Xstrata final results along with the Q4 results.

Breaking stories
• Domestic and export orders drive CBI SME's trend
• Retail sales up in Jan despite worries: BDO
• Kofax interim results hit records
• Randgold FY profits surge, sees 70 pct jump in production
• St. Modwen Properties returns to profitability
• Another disappointment for AstraZeneca
• 888 Holdings Q4 income jumps 18% and much more inside.....
• Stock recommendations and price targets from top brokerage firms
• Analysis and views on U.K. January car sales and Randgold FY profits
• RICS Housing Market Survey (January)
• McBride interim results
• Low & Bonar, Beazley, BG Group, Patsystems, Wolfson Microelectronics and Xstrata final results along with the Q4 results.

Breaking stories
• Domestic and export orders drive CBI SME's trend
• Retail sales up in Jan despite worries: BDO
• Kofax interim results hit records
• Randgold FY profits surge, sees 70 pct jump in production
• St. Modwen Properties returns to profitability
• Another disappointment for AstraZeneca
• 888 Holdings Q4 income jumps 18% and much more inside.....

More info:

Published by: International Business Times on Feb 07, 2011
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11/28/2012

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The Intelligent InvestorU.K.
Britain's top share index fell with energy shares lower after resultsfrom Royal Dutch Shell disappointed investors and dented sectorsentiment. The
FTSE 100
was down 16.73 points, or 0.28 percent,at 5,983.34
The yield on
10-year gilts
hit a fresh eight-month high after asolid auction of 2040 gilts and a stronger-than-expected PMIsurvey of Britain's dominant services sector. At 1439 GMT, the 10-year yield hit 3.799 percent
Sterling
pared gains versus the dollar in a move driven largely bya sharp drop in the euro after European Central Bank PresidentJean-Claude Trichet dampened expectations for a rate hike in theeuro zone. Sterling traded down around 0.3 percent at $1.6140 inafternoon dealing after rising as high as $1.6279 on the UK PMIdata.
Spot
gold
was bid at $1,328.70 an ounce at 1532 GMT, against$1,336.00 late in New York on Wednesday, having earlier touched$1,337.40. U.S. gold futures for April delivery fell $2.90 to$1,329.20.
ICE
Brent crude
for March rose as much as $1.03 to $103.37 abarrel, the highest intraday price since September 2008, and wasup 88 cents at $103.22 at 0419 GMT.
MARKETS AT A GLANCESTOCK INDICESCURRENCIESFUTURES
INDEX LAST PRIOR 
Euro (EUR/USD)1.36471.381UK Pound (GBP/USD)1.61571.6189Japanese Yen (USD/JPY)81.4981.55
All prices are at 11:52 AM EST 
LAST CHANGE
Crude Oil90.75 -0.11Natural Gas (Mar)4.349 -0.08Gold, (Feb)1335.9 3.8Copper (Mar)453.75 -0.65
All prices are at 11:41 AM EST 
07 February 2011
INDEX LAST CHNG % CHNG
FTSE 100* 5983.34-16.73 -0.28FTSE 250* 11575.83-30.83 -0.27FTSE techMARK 100* 2164.59-6.42 -0.30DAX* 7193.6810.01 0.14CAC 40* 4036.59-29.94 -0.74Stoxx Europe 600 284.56-0.03 -0.01* CLOSING VALUES
The Economic Monitor Series. Free Edition.
INSIDE THE REPORT
Stock recommendations and price targets from topbrokerage firms
Analysis and views on U.K.
car sales
and
Randgold
FYprofits
Economic Indicator Watch
Important Events Scheduled on 08 February
Economic Events & Indicators
UK finance minister
George Osborne
takes questions inparliament
RICS Housing Market
Survey (January)
Corporate Events
McBride
first half yearly results
Low & Bonar, Beazley, Patsystems
preliminary results
BG Group
Q4 results
Wolfson Microelectronics
Q4 and full year results
Xstrata
final results
Breaking News
Domestic and export orders drive
CBI
SME’s trend
 
Retail sales up in Jan despite worries:
BDO
 
Kofax
interim results hit records
Randgold
FY profits surge, sees 70 pct jump in production
St. Modwen Properties
returns to profitability
Another disappointment for
AstraZeneca
888 Holdings
Q4 income jumps 18%
 
The Intelligent Investor - U.K.
Disclaimer: The views and investment tips expressed by investment experts are their own, and not that of IBTimes or its management. We advise users to check with certified experts before taking any investment decisions.
STOCK RECOMMENDATIONS BY BROKERAGE HOUSES
 
STOCK RECOMMENDATIONS BY BROKERAGE HOUSES
BROKERAGE/COMPANY ACTIONS RATING PREV CLOSEEspirito Santo Investment Bank 
Restaurant Group Starts with buy rating Buy 288.60p
UBS
Hiscox Cuts to neutral from buy Neutral 382pMeggitt
Raises to buy from neutral
Buy
348.70p
JP Morgan
BT Group Raises price target to 220P from 200p Overweight 187.70p
Credit Suisse
Hikma Raises price target to 970p from 792p Outperform 822.50p
 
The Intelligent Investor - U.K.
January car sales down 15% in UK 
By IBTimes 
 
New car registrations
in the UK in January fell by 11.5 percent compared to the same period year ago, The
Society of Motor Manufacturers andTraders
said in a statement today.The Society of Motor Manufacturers and Traders (SMMT) said the decline was in line with its forecast and partlyreflected the ending of the car scrappage scheme.The loss of the scrappage incentive scheme is expected to adversely affect the market during the first half of 2011.Overall volumes are forecast to decline by 5% in 2011 to 1.93 million cars."New car registrations fell by 11.5% in January. This is in line with SMMT forecasts and marks the beginning of a challenging year for the UK motorindustry," said
Paul Everitt
, SMMT Chief Executive."
Consumer confidence
is low and it is important that the government uses the March Budget to help relieve some of the financial pressure onmotorists by freezing fuel duty, while providing stability and certainty on motoring taxes. Despite the challenging conditions, the demand for lowCO2 emitting and highly fuel efficient cars continues to grow."Over 65,000 new diesel cars were sold in the UK last month compared with close to 62,000 petrol models, said the SMMT. The Ford Focus was thebest selling new car in January and also the top selling diesel model in the month followed by Vauxhall with 12 percent.
ANALYSIS AND VIEWS
Randgold FY profits surge, sees 70 pct jump in production
By IBTimes 
 
Randgold Resources
sees a surge in production for 2011 as it reported a 43 percent rise in full-year profit in spite of operational and politicalsetbacks.The West Africa-focused miner, which boosted its annual dividend by 18 percent to 20 cents, forecasts production to be between 750,000 and790,000 ounces for 2011, up more than 70 percent on last year.For the year ended Dec. 31, profit increased to $120.6 million from $84.3 million. Gold sales rose 12 percent to $487.7 million lifted by a rise in price.Attributable production fell 10 percent to 440,107 ounces from 488,255 ounces.Chief executive
Mark Bristow
said "given the scale and complexity of the projects the company was developing, 2010 was always going to be atough year, and it proved even more difficult than expected due to technical problems related to the expansion of the Loulo complex in Mali and theunsettled situation in Cote d'Ivoire."For the fourth quarter, the company's profit fell to $32.2 million from $38.7 million in the year-ago period. Earnings would have increased 40 percenthad it been able to sell all the gold produced at the Tongon mine in the Ivory Coast, Randgold said.The Tongon mine was commissioned on schedule despite difficult circumstances, pouring its first gold on November and producing 28,126 ouncesby the end of the year, the company said, adding that 23,428 ounces remained unsold at Tongon at year end resulting from disruptions in Coted'Ivoire following the disputed presidential elections in November.Randgold expects Tongon to contribute 260,000 to 270,000 ounces for the year, provided the political situation in Cote d'Ivoire does not impact onthe mine much longer. Loulo complex's production for 2011 was expected to be in line with the forecast of 420, 000 to 440, 000 ounces.
ANALYSIS AND VIEWS

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