Paper Tips

Tuesday Papers: House sales fall to lowest level for over 30 years -- other news Tuesday, 13 May 2008

* Dow recovers 130 points and Nasdaq gains 37 points

* House sales fall to the lowest level since the 1970s, according to the Royal Institution of Chartered Surveyors

* Property veteran Sir John Ritblat has warned that the property investment market would not see any recovery until next year

* Poor economic figures have revealed inflationary pressures rising to levels not seen in 20 years, and further data are expected to show   Full Article

 
Tuesday Papers: Tiscali shuns Carphone Warehouse -- bid news and gossip Tuesday, 13 May 2008 

Tiscali shuns Carphone Warehouse and private equity buyers circle Informa.

* Carlyle and Apax among those considering a bid for Informa - Telegraph

* Vodafone in talks to buy Ghana Telecom

* BHP Billiton agrees purchase of Anglo Potash at C$284 million, or C$8.15-a-share

* Tiscali draws up a short list of interested buyers, with Carphone Warehouse not among them

* Hewlett-Packard close to a dea  Full Article 

Tuesday Papers: tips and comment Tuesday, 13 May 2008 

Comment on Centrica, HSBC, Dana, Southern Cross, Stobart, and Hiscox.

FT Lex Column:

* Who is the ECB lending to? -- since the credit crunch began, some have argued the European Central Bank's lending policies are too generous and transfer banks' private risks on to the public. The numbers suggest worries may have been exaggerated

* Clear Channel -- an agreement to press ahead with the Clear Channel buy-out would at least leave all sides les  Full Article 

Symb Last Change Chg %
RIO.L 6,645.00 +236.00 +3.68
VED.L 2,423.00 +73.00 +3.11
ENRC.L 1,377.00 +41.00 +3.07
Data as of Wed May 14, 2008 4:43am BST.
Symb Last Change Chg %
ALLL.L 458.75 -51.75 -10.14
GFS.L 225.00 -15.00 -6.25
HBOS.L 485.00 -20.50 -4.06
Data as of Wed May 14, 2008 4:43am BST.