Thursday, August 6, 2009

Newspaper Watcher Alert (UK)

Thursdays newspaper round-up: ITV, economy, Goldman Sachs

ITV is set to sell Friends Reunited to DC Thomson, the Dundee-based publisher, for Ł25m – less than four years after the broadcaster bought the social network for Ł170m, reports the FT.

The worst of the recession is over, The National Institute for Economic and Social Research (NIESR) has said. NIESR said it hoped May would prove to be the trough of economic activity. “Output is stabilising and, in the absence of further shocks, the period of sharp recession is over,” writes the Telegraph.

A remarkable turnaround in the housing market and the wider economy appears to be under way. The Royal Institution of Chartered Surveyors (RICS) is now predicting that property prices will end 2009 higher than they started, and the Halifax house price index registered a rise of 1.1 per cent in July, a slight upward trend confirmed in other data from the Nationwide and the department of Communities and Local Government, reports the Independent.

Goldman Sachs traders made more than $100m in revenues on each of a record 46 days during the second quarter, while losing money on just two days, the bank said on Wednesday, in a filing that underscored the strength of its trading operations, reports the FT.

The leaked loan book of Kaupthing bank claims that Joe Lewis, the billionaire investor, and Daniel Levy, the chairman of Tottenham Hotspur, pledged part of their majority stake in the football club as collateral for a loan, writes the Telegraph.



Today's Headlines

Aviva (AV.) | Price: 355.50p | Change: 2.53%Price Up | P/E: 5.7 | Div Yield: 9.3% Profile Prices News Charts Financials Broker Views

Standard's raised divi
Sun | 06-Aug-2009

Barclays (BARC) | Price: 337.30p | Change: 2.44%Price Up | P/E: 5.7 | Div Yield: 3.4% Profile Prices News Charts Financials Broker Views

Bank shares ride high on wave of positive sentiment
Times | 06-Aug-2009

British Airways (BAY) | Price: 160.90p | Change: 7.66%Price Up | P/E: n/a | Div Yield: 0.0% Profile Prices News Charts Financials Broker Views

BA passenger numbers slump
The Scotsman | 06-Aug-2009

Unite wants BA to bring in its big-hitters for pay negotiations
Times | 06-Aug-2009

Friends Provident Group (FP.) | Price: 69.75p | Change: -0.14%Price Down | P/E: n/a | Div Yield: 5.6% Profile Prices News Charts Financials Broker Views

Crombie says Friends Provident move unlikely
The Scotsman | 06-Aug-2009

HSBC Holdings (HSBA) | Price: 627.00p | Change: -0.29%Price Down | P/E: 26.0 | Div Yield: 5.2% Profile Prices News Charts Financials Broker Views

Bank shares ride high on wave of positive sentiment
Times | 06-Aug-2009

ITV (ITV) | Price: 42.14p | Change: 1.65%Price Up | P/E: 15.6 | Div Yield: 1.6% Profile Prices News Charts Financials Broker Views

Beano owner in talks to buy Friends Reunited
Telegraph | 06-Aug-2009

Hiatus over new chief to steal show at ITV’s results
Times | 06-Aug-2009

Kingfisher (KGF) | Price: 212.10p | Change: 0.66%Price Up | P/E: 19.3 | Div Yield: 2.5% Profile Prices News Charts Financials Broker Views

Retailers reveal relief from tough trading
The Scotsman | 06-Aug-2009

Legal & General Group (LGEN) | Price: 62.35p | Change: 0.40%Price Up | P/E: n/a | Div Yield: 6.5% Profile Prices News Charts Financials Broker Views

Standard Life reveals sharp fall in profits
The Independent | 06-Aug-2009

News Corp A (NCRA) | Price: $0.00 | Change: 0.00% | P/E: n/a | Div Yield: 0.0% Profile Prices News Charts Financials Broker Views

News Corp hit by writedowns after ‘most difficult year’
Times | 06-Aug-2009

News Corp records Ł2bn loss
Guardian | 06-Aug-2009

News to improve
Sun | 06-Aug-2009

News Corp B (NCRB) | Price: $0.00 | Change: 0.00% | P/E: n/a | Div Yield: 0.0% Profile Prices News Charts Financials Broker Views

News Corp hit by writedowns after ‘most difficult year’
Times | 06-Aug-2009

News Corp records Ł2bn loss
Guardian | 06-Aug-2009

News to improve
Sun | 06-Aug-2009

Premier Foods (PFD) | Price: 40.75p | Change: 1.25%Price Up | P/E: 3.0 | Div Yield: 4.7% Profile Prices News Charts Financials Broker Views

Tasty result
Sun | 06-Aug-2009

Royal Bank of Scotland Group (RBS) | Price: 49.00p | Change: 4.44%Price Up | P/E: n/a | Div Yield: 0.0% Profile Prices News Charts Financials Broker Views

Bank shares ride high on wave of positive sentiment
Times | 06-Aug-2009

Stagecoach Group (SGC) | Price: 140.70p | Change: 1.08%Price Up | P/E: 6.1 | Div Yield: 4.3% Profile Prices News Charts Financials Broker Views

National Express suitors are told to ‘put up’ by September
Times | 06-Aug-2009

Tesco (TSCO) | Price: 371.40p | Change: 1.23%Price Up | P/E: 12.7 | Div Yield: 3.2% Profile Prices News Charts Financials Broker Views

Poles in the club
Sun | 06-Aug-2009

Topps Tiles (TPT) | Price: 88.00p | Change: 2.35%Price Up | P/E: 7.8 | Div Yield: 3.4% Profile Prices News Charts Financials Broker Views

Retailers reveal relief from tough trading
The Scotsman | 06-Aug-2009

Vedanta Resources (VED) | Price: 1,862.00p | Change: 0.97%Price Up | P/E: 26.5 | Div Yield: 1.3% Profile Prices News Charts Financials Broker Views

India threatens Vedanta with prosecution over sacred mountain
Guardian | 06-Aug-2009

Venture Production (VPC) | Price: 834.50p | Change: -0.24%Price Down | P/E: 15.8 | Div Yield: 1.6% Profile Prices News Charts Financials Broker Views

Centrica challenges Venture’s ‘optimistic’ valuation
The Herald | 06-Aug-2009

Centrica dismisses Venture report and refuses to up bid
The Scotsman | 06-Aug-2009

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