Posts Tagged ‘ Devere group ’

Six stocks that are likely to benefit from the Tokyo 2020 Olympics

Six stocks that are likely to benefit from the Tokyo 2020 Olympics

On Sunday, the International Olympic Committee announced that Tokyo had won the bid to host the 2020 Olympics, beating out Madrid and Istanbul. In the wake of this news, Japanese conglomerate Nomura Group shortlisted six stocks that were likely to benefit most from the Tokyo Olympics. Starting with:

Taisei: Ever since Japan placed its Olympic bid, there has been talk of possibly renovating or reconstructing the National Olympic Stadium. The stadium could host the opening and closing ceremonies as well as track and field events, and the long-established Taisei could stand to benefit as the original contractor.

Taiheiyo Cement: With a surge in construction and building projects comes a higher demand for cement, and Japan’s biggest cement company is poised to benefit from the increased demand that comes from infrastructural development.

East Japan Railway: The East Japan Railway is a major passenger railway company in Japan and one of the seven Japan Railways Group companies. With the advent of the Tokyo Olympics, the company will have greater scope for the redevelopment of Shinagawa rail yard.

Mitsui Fudosan: As a major real estate developer that owns many of the condominium sites in Tokyo Bayside area, the company’s share price will undoubtedly go up as demand for accommodation rises.

Xebio: Shares in the sporting goods and apparel retailer will benefit due to a spike in demand for sports gear and outfits.

Sohgo Security Services: Security services will be vital at Olympics venues as well as the athletes’ village, so the company will undoubtedly see a rise in share prices.

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‘Go Hard or Go Home ‘

Word to live by ,

Words lived by our CEO Nigel Green

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1,300 killed in chemical attack in Syria

1,300 killed in chemical attack in Syria.

The Syrian opposition has just confirmed that state security forces have launched intense artillery and rocket barrages in the Syrian capital of Damascus – resulting in hundreds of people dead in a poisonous gas attack.

1,300 people were killed as shells rained down – the figure was confirmed by George Sabra, Deputy Head of Syrian National Coalition, the opposition to and replacement of the Bashar al-Assad government of Syria.

Initially, there were varying death tolls, which are common following attacks in Syria due to the government’s refusal to allow independent news reporting.

A local nurse told the press that many of the casualties are women and children, who arrived at medical centres with their pupil dilated, cold limbs and foam in their mouths – typical symptoms of nerve gas victims.

Videos uploaded to social networking websites showed hundreds of people dead, lying on pavements and inside buildings, their bodies showing no obvious signs of injury. In one video, at least a dozen young children’s bodies were lined up on the floor.

To date, there have been many claims of small-scale, localised chemical attacks in Syria, but the reports that emerged today suggest a possible wider dispersion of toxic agents.

This is heaviest attack since the start of the two-year conflict.

Notably, a Syrian official said that claims of the government using chemical weapons are absolutely untrue.

“The army will never use chemical gas on the Syrian people, if it does exist anyway” – Syria’s government has never officially acknowledged even possessing chemical weapons, although the regime is known to be in possession of significant stockpiles of various toxic agents.

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Sony turns down Loeb offer to sell off entertainment arm

Sony turns down Loeb offer to sell off entertainment arm.

Sony turned down a proposal by one of its biggest shareholders, hedge fund Third Point, to sell off part of its entertainment division.

The founder of the fund Daniel Loeb had called for cash from the move to be used to boost Sony’s electronics arm.
However, Sony said that the company and its shareholders would benefit from “owning all, rather than a part” of the division as demand for entertainment content increased in value across different platforms.

After Loeb’s proposal was rejected, Sony’s shares fell as much as 5%.
Mr Loeb’s fund, which owns nearly 7% of Sony’s shares, said that it would continue to carry out dialogue with Sony’s management and explore further options with the company.

Earlier this month, Sony reported a jump in earnings for the April-to-June quarter. It made a net profit of 3.5bn yen ($35m; £23m) in the quarter, reversing a loss of 24.6bn yen last year. Its Pictures division made a profit of 3.7bn yen during the period, reversing a loss of 4.9bn yen last year, while its music unit saw its operating profit rise to 10.8bn yen, from 7.3bn yen a year earlier.

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US regulators fine Barclays and four traders $453m for energy market-rigging

They have been accused and fined but no conviction !!

US regulators fine Barclays and four traders $453m for energy market-rigging.

The US Federal Energy Regulatory Commission yesterday decided to fine Barclays and four of its traders $453m (£300m) for alleged involvement in energy market manipulation.

FERC said the bank must pay $435m in civil penalties to the US Treasury within 30 days and forgo $34.9m in profits. The latter will be distributed to low-income aid programmes in four US states.

Traders Scott Connelly, Daniel Brin, Karen Levine and Ryan Smith – who are accused of manipulating an energy price index in the western part of the US – have been ordered to pay a combined $18m.

“We believe the penalty assessed by the FERC is without basis, and we strongly disagree with the allegations made,” Barclays said in a statement. The bank added it would “vigorously defend this matter.”

The fines were initially proposed by FERC staff last October following suspicions that Barclays was manipulating electricity markets in California and other US states between November 2006 and December 2008. The proposal has now been upheld by the body’s board of commissioners.

Regulators built their case against the traders on electronic communications in which they boasted of their ability to manipulate markets. They have all left the bank.

This is the latest scandal to rock Barclays. Last year, it was fined £290m by UK and US regulators after attempting to rig the Libor interest rate.

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Professional Pension Article- Young workers must save £800 per month:

Interesting article on research by deVere group and comments by Our CEO Nigel Green

http://uk.finance.yahoo.com/news/824-a-month–the-cost-to-save-a-decent-pension-125856156.html

Professional Pension Article :Young workers must save £800 per month: deVere

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FATCA delayed again

FATCA delayed again.

Banks and financial institutions around the world breathe a sigh of relief as the US delays the controversial FATCA once again.

In a statement issued at the end of last week the US Department of the Treasury announced that financial institutions based outside of the USA have been given six more months to complete all the procedures necessary to comply with the US Foreign Account Tax Compliance Act (FATCA).

The FATCA system is intended to stamp out tax evasion and the hiding of incomes by US taxpayers, requiring all foreign financial institutions to disclose information about their US clients.

The withholding provision was scheduled to come into effect on January 1st 2014, but, according to the Treasury, the date has now been pushed back to June 30th 2014.

Commenting earlier on his blog, deVere Group CEO Nigel Green said “To my mind, this latest date change signals how the US Treasury is continuing to struggle to have all the world’s governments sign up to the intergovernmental agreement (IGA). The IGA would force those countries’ financial institutions to report their American clients’ financial activities directly to the IRS – or be hit with a 30 per cent withholding tax and be effectively blocked from doing any kind of financial transactions with the US”.

To read the rest of Nigel Green’s blog
, please click here.

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