Friday Papers: tips and comment
FT Lex Comment:
* Renewed NRG -- management's cool reception to Exelon's bid last year made sense and served shareholders well. But they should not reflexively reject the latest offer
* Reforming research -- Eliot Spitzer may have gone down in a blaze of ignominy, but his Wall Street legacy lives on
* US jobs -- unemployment data point to a slow recovery - but worse, there are precious few signs of life at all
* UK telecoms -- wringing out every last drop of savings by shutting down redundant networks and cutting marketing costs has become a priority
* El Nino -- when weather forecasters predict a growing probability that El Nino will return this year, commodity traders sit up in their chairs
* Standard Chartered -- the new chairman is stepping up at a time when there is a danger animal spirits are settling in.
Lombard (p. 16):
* Standard Chartered needs Peace and understanding -- F&C Asset Management: free and clear? -- Photo-Me International: failure to develop
Small Talk (p.18):
* London Stock Exchange chief reassures junior market of its importance -- Epistem's measured growth
Other comment:
* Facebook: what friends are for (p.9)
* BP makes bold and solo return to Iraq (p.17)
* Old Mutual latest company to be linked with Resolution (p.32)
DAILY TELEGRAPH
Questor:
* Buy John Wood Group -- Buy Cineworld -- Buy International Power
Comment:
* The Home Office is where the heart is for British business -- Domino's takes a slice of tax relief -- MPC man backs bottom view
THE INDEPENDENT
Investment Column:
* Buy Greene King -- Buy Care Group -- Buy Photo-Me International
Outlook:
* A credit crack-down is too easy -- How to fill the top jobs that no one wants -- O2's coup is a gamble
Other comment:
* Interview private equity chief Jon Moulton
THE GUARDIAN
Viewpoint:
* FSA: still fiddling with the levers on fair rewards -- A long tough job: the fizz started to disappear from stock markets a few weeks ago
Other comment:
* Interview John Flynn, the man who bet his shirt on Andy Murray at Wimbledon
DAILY MAIL
* BT investor fury at executive awards
* Bondholders warn Pearl over listing
* Aberdeen Asset Management: martin Gilbert buzzing over takeover
* Independent broker Galvan believes Inmarsat is recession proof
* Reports that JD Wetherspoon has acquired co-existing pubs from Regent Inns
INVESTORS CHRONICLE
Tips:
* Sell British Airways at 126p -- Kesa Electricals at 107p -- Niger Uranium at 26p
* Buy Kier Group at 900p -- Melorio at 150p -- Serica Energy at 56p
Updates:
* Buy Serco -- International Power -- Hill & Smuith -- Pace
* Sell Wolseley
Company Results:
* Sell DSG International -- Carpetright -- ASOS
* Buy Green Dragon Gas -- Eredene Capital -- GMA Resources -- Immupharma
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