Newspaper Share Rumours and Tips

THE TIMES
Tempus :
Clinton Cards (CC.) further to go.
Buy LogicaCMG (LOG).
Hold Regent Inns (REG) .

Tiddler to Watch:
Infonic (IFNC).

Other news:
Saudi interest rumours boosts British Land (BLND).
Bid rumours around Britvic (BVIC).

FINANCIAL TIMES
Rumours that Saudis are buying shares in British Land (BLND).
Carillion (CLLN) rumured to be planning a 575p-a-share bid for McAlpine (MCA).
Shaftesbury (SHB) rises on rumours of bid.
Woolworths (WLW) also takeover target.

INDEPENDENT
Investment :
Buy Hochschild Mining (HOC) and Regents Inns (REG).
Hold Debts.co.uk (DETS).

DAILY TELEGRAPH
Questor :
Buy Greggs (GRG).
Hold Regent Inns (REG).

DAILY MAIL
Arabs eyeing up British Land (BLND).

NEWS AND RUMOURS
Confusion causes hedge fund GLG Partners to disclose extent of shorting of Northern Rock (NRK).
Citigroup (CGP) and other banks are contemplating financial lines of up to £25-bn to Northern Rock (NRK).
Jon Wood, a very shrewd City trader has been building a significant stake in Northern Rock (NRK) via hedge fund SRM Global.
Burren Energy (BUR) rejects takeover approaches, including one from ENI, which valued the company at £11 a share.

Resolution (RSL) and Pearl met yesterday to discuss the possibility of a takeover of Resolution (RSL).

Barclays Capital Management due to announce alliance with China Development Bank.

Dow closed up 120 points at record high 14164, Nasdaq added 16 to 2803, S&P rose 12 to record 1565.
BoE Governor Mervyn King dampens hope of UK rate cut any time soon.
U.S. economy could come close to recession as the housing slump has negative effect on growth.
Fed Open Market Committee was unanimous on need for half-point cut in interest rates last month.
Predictions that US mortgage crisis will get worse as defaults soar.

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