Risk Warning Notice |
Recent History |
Archives
HEADLINES
Good Morning ShareCrazies
This Morning in London major shares opened higher, extending yesterday's advances following gains in the US and Asia. Shares in Scottish & Newcastle (SCTN) were higher early on, up 15.5p at 781.25p, after Heineken and Carlsberg's announcement of a recommended offer for S&N of 800 pence-per-share, valuing the UK brewer's issued share capital at about £7.6 billion. At 9:35 the FTSE-100 index was up 69.9 points at 5,945.7, having closed 266.5 points ahead at 5,875.8 yesterday, with the FTSE-250 index up 13.9 points at 9,870.2.
BROKER RECOMMENDATIONS
Cazenove reiterates outperform on HBOS (HBOS).
Seymour Pierce has downgraded Sopheon (SPE) to hold from buy and reiterates buy Serabi (SRB).
The broker has underperform on Cobra (CBF) and says buy China Shoto (CHNS) (believing they are oversold) and buy Hot Tuna (HTT).
Seymour Pierce has issued a Coal Conference, in which they reiterate buy UK Coal (UKC) and say buy Cambrian (CBM), ATH Resources (ATH) and EnergyBuild (EBG).
NEWS ROUND-UP
Last Night in New York stocks reclaimed higher ground for a second day after the White House and the House leadership unveiled a tentative economic stimulus package, lifting an equities market recently battered by worries about an economic recession. The Dow Jones rose 108.4 points to 12,378.6, with 21 of its 30 components ending higher. The S&P gained 13.47 points to 1,352.07, and the Nasdaq added 44.51 points to 2,360.92.
On this day in:-
1327 - Edward III acceded to the English throne.
1533 - Henry VIII and Anne Boleyn, the second of his 6 wives, are secretly married by the Bishop of Lichfield.
1579 - The Union of Utrecht was signed by Holland , Zealand, Utrecht, Celderland, Friesland, Croningen and Overyssel, marking the foundation of the Dutch republic.
1759 - The birth of Scotland's national poet Robert Burns in Alloway Ayrshire.
1802 - France's Napoleon Bonaparte became President of the Italian Republic.
1831 - The Polish Diet proclaimed the independence of Poland and abolished the monarchy of the Romanovs.
1859 - The introduction of 'Burns Night' in Scotland, the now traditional annual celebration of Scotland's national poet.
1917 - The United States of America bought the Dutch West Indies (now the Virgin Islands) for $25-million.
1924 - The start of the first Winter Olympics at Chamonix in the French Alps.
1934 - In America, detectives captured the gangster and “Public Enemy Number One,” John Dillinger.
1944 - World War II: The beginning of the Battle of Cassino in Italy.
1971 - In Uganda, former Army corporal Idi Amin overthrew President Milton Obote and appointed himself head of state.
1981 - In Great Britain, the 'Gang of Four' - Labour Party politicians Roy Jenkins; David Owen; Shirley Williams and Bill Rodgers, left Labour to form their own new party, the SDP, the Social Democratic Party. Now part of the Liberal Democrats.
1981 - Jiang Qing, the widow of former Chinese leader Mao Tse-Tung, was found guilty of treason and sentenced to death, later commuted to life imprisonment.
1992 - Russian President Boris Yeltsin said Russia would stop targeting cities in the USA with its nuclear missiles.
1994 - Without admitting guilt, American pop star Michael Jackson settled a lawsuit that claimed he had molested a young boy.
1998 - Pope John Paul II visited Cuba and demanded the release of political prisoners.
1999 - An Earthquake in Columbia left 300-hundred people dead, and around a thousand injured.
1999 - Six members of the Olympics Committee had to face bribery charges.
WEEKLY DIARY
Click here to see this week's City Diary.
Compiled in association with HB PLC and WH Ireland Ltd
