This Morning in London shares have fallen, affected by a falling dollar, which reached its lowest level against the €uro since April 2005 and has fallen against other currencies today. The dollar has been on a downward path since Wednesday. Sentiment was also dented after Q3 GDP figures were unrevised on a quarterly basis at 0.7%, creating a year on year figure lower to 2.7%. At 11:50 the FTSE-100 was down 52.4 at 6087.6.
Rules are rules
Hoodie’s can definitely be construed as unsociable and to the elderly they can be scary. Some even consider them as a security risk... and that is exactly how it was perceived in a Southampton shopping centre. The wearer was asked to remove the said garment, for security reasons. The trouble is, the ‘hood’ was being worn by a 6-year old boy. The boy was walking through the shopping centre with his mother, when an over-zealous security guard ordered little Jack Johnson to take off the hood he was wearing, because the mall has a "no-hoodie" policy. The 3ft tall boy fell foul of a ban, in force at many malls throughout the country, aimed at protecting shoppers from being intimidated by unruly youths. Jack’s mother Tracey said, "It was chilly and Jack was coming down with a cold so I wrapped him up warm." When she protested, management at the mall apologised and gave the boy and his mother some shopping vouchers.
Not Again!!!
The man who has been dubbed... ‘Britain's unluckiest man' and who has suffered 16 major accidents, is in trouble again... he’s been laid low after falling down a manhole. John Lyne's misfortunes include being struck twice be lightning, a rock-fall in a mine, nearly drowning and 3 car crashes. Fifty-four Mr Lyne, from Stainforth, near Doncaster, looks like being out of action for 32-weeks after his latest mishap. The accident damaged his back and injured his left leg and both knees. Although he has a lifetime of broken bones, he says he’s not bitter, just glad to be alive. He said, "Everyone thinks it is just hilarious. My mates, family and wife Susan just laugh about it.” He says he doesn’t think there is any reason or explanation for it though, it has just seems to happen to him. Mr Lyne's mishaps cover a lifetime. As a child, he fell off a horse and cart, only to be run over by a delivery van. When he was a teenager, he broke his arm falling from a tree. On his way back from hospital, his bus crashed, breaking the same arm in another place.
BROKER RECOMMENDATIONS
Altium has upgraded Bridgewell (BWL.L) to hold from reduce (105p target) and downgraded Brewin Dolphin (BRW.L) to add from buy (200p target).
The broker reiterates buy Monstermob (MOB.L) (81p target) and reduce Speedy Hire (SDY.L) (1030p target).
Altium says hold Clapham House (CPH.L) (300p target).
Cazenove has outperform on Intercontinental Hotels (IHG.L).
Citigroup has initiated coverage of Hogg Robinson (HRG.L) appending a buy and a 110p target.
Credit Suisse has outperform EMAP (EMA.L) (920p target) and underperform on DSG (DSGI.L) (185p target).
The broker has underweight on Persimmon (PSN.L) (1500p target) and outperform on Sage (SGE.L) (285p target).
Credit Suisse has initiated coverage of Experian (EXPN.L) appending an outperform recommendation and a 700p target.
Deutsche has downgraded Kingfisher (KGF.L) to sell from hold and upgraded Cairn Energy (CNE.L) to buy from hold.
Evolution has upgraded Vectura (VEC.L) to buy from add (raising the price target to 116p from 110p) and reiterates add Royal Dutch Shell (RDSA.L) (2050p price target).
Goldman reiterates sell BT (BT.L) (raising the price target to 228p from 220p) and says buy Michael Page (MPI.L) (raising the price target to 490p from 400p).
The broker says sell SSL International (SSL.L) (raising the price target to 250p from 240p).
Goldman has upgraded Benfield (BFD.L) to buy from neutral and has initiated coverage of Ashmore (ASHM.L) appending a buy recommendation and a 254p target.
HSBC has upgraded Paddy Power (PAP.L) to neutral from underweight (raising the target price to €16.2 from €12.41) and Rank Group (RNK.L) to overweight from neutral (raising the price target to 290p from 233p) and reiterates neutral on William Hill (WMH.L) (raising the price target to 670p from 612p).
Kepler Teather & Geenwood reiterates hold Fuller Smith & Turner (FSTA.L) and says buy Holidaybreak (HBR.L), Premier Oil (PMO.L), Expro International (EXR.L) and Abbot Group (ABG.L).
Lehman reiterates overweight on GlaxoSmithKline (GSK.L) (1630p target) and has equal-weight on Kesa Electricals (KESA.L) (328p price target).
JP Morgan has neutral on Vodafone (VOD.L) (raising the price target to 140p from 129p) and BBA (BBA.L) (raising the price target to 306p from 253p) and overweight on Kesa Electricals (KESA.L) (raising the price target to 388p from 373p).
Morgan Stanley has downgraded Lloyds TSB (LLOY.L) to equal-weight from overweight.
Panmure Gordon says sell Rolls-Royce (RR.L) (370p target) and buy Cardpoint (CASH.L) (120p target) and Fuller Smith & Turner (FSTA.L) (raising the target price 1750p from 1650p).
The broker says hold Arla Foods (ARU.L) (70p target).
Seymour Pierce says buy Asos (ASC.L) and Blue Star Mobile (BTR.L).
UBS has downgraded Homeserve (HSV.L) to neutral from buy and has initiated coverage of Britvic (BVIC.L) appending a neutral recommendation and a 265p target.
NEWS ROUND-UP
Last Night in New York Wall Street was closed for the Thanksgiving Holiday.
On this day in:-
1993 - The last 14 bottles of Scotch whisky, salvaged from the wreak of the SS Politician which sank in 1941, were sold at auction for £11,500. The episode was the inspiration for the film 'Whisky Galore'.
1991 - Freddie Mercury, lead singer of rock group Queen, dies of AIDS aged 45.
1989 - Czech politician Alexander Dubcek made his first public appearance for more than 20-years to address a pro-democracy rally in Prague.
1985 - Egyptian commandos stormed a hi-jacked aircraft in Malta, at least 40 passengers were killed.
1972 - One of the eight 1933 pennies minted in Great Britain was auctioned at Sotherbys for £7,000.
1965 - The Government imposed an experimental 70-mph speed limit on motorways.
1963 - Lee Harvey Oswald, accused of the assassination of US President John Kennedy, was shot and killed by nightclub owner Jack Ruby while being transferred from Dallas Police Headquarters in Texas.
1962 - The first broadcast of the satirical TV programme 'That Was The Week That Was' introduced by David Frost. Those who appeared on 'That Was the Week That Was' included, John Cleese, Ronnie Barker, Willie Rushton, Roy Kinnear, Lance Percival, Kenneth Cope, Roy Hudd and Eleanor Bron. Millicent Martin used to open the show every week with a musical rendition (normally written by Lance Percival), of the week's news.
1941 - World War II: HMS Dunedin was torpedoed and sunk.
1867 - Joseph F Glidden patented barbed wire.
