Magazine – 04 Dec 2014

Agenda

• News in brief: Axiom European Financial Debt, Smurfit Kappa, ITE, Victrex, Ceres Power, VP, Private & Commercial Finance

• Chart of week: Warm to Vernalis

  Cough-cold treatments to turn a profit in 2017

• Cyclicals still cheap

  Defensive stocks at a four decade premium to their cyclical counterparts

• Give Mothercare a wide berth

  Risks facing maternity products seller remain considerable

• Balfour's rocky road

  Builder remains beset by uncertainty even as government flags new roads initiative

• Kennedy Wilson's Euro push

  £1.3 billion war chest to invest in places like Italy and Spain

• Crude recovery play

  EnQuest is highly geared to oil and would benefit from an uplift in the market

• Relief shortlived for bookies

  Future of betting machines is still unclear