Bank of America Merrill Lynch, Davy Stockbrokers and Deutsche Bank are global coordinators, while Citigroup, Goldman Sachs, Goodbody Stockbrokers, JPMorgan and UBS are bookrunners on the IPO.
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Unlike many other professionals, most stockbrokers are paid via commissions.
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Stockbrokers like Charles Schwab are under pressure from low-cost upstarts.
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Davy Stockbrokers, Investec and Goodbody Stockbrokers each said on Tuesday that their forecasts for annual growth of 20 to 24 percent this year could prove too pessimistic if the January trend is repeated in the coming months.
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Citigroup, Goldman Sachs GS.N, Goodbody Stockbrokers, JPMorgan and UBS are the bookrunners.
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Stockbrokers said rising interest rates have kept most investors on the sidelines.
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Ireland's Davy Stockbrokers and Wells Fargo Securities are acting as co-managers.
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He got a job in Los Angeles selling computer terminals to stockbrokers.
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"Retail buying helped boost the market," said Prashan Fernando CEO at Acuity Stockbrokers.
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"The market is holding on," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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But then I wondered: And what if they don't just work for stockbrokers?
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As stockbrokers like to say, past performance is no guarantee of future results.
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"Interest rates are the real concern," said Prashan Fernando, CEO at Acuity Stockbrokers.
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Davy Stockbrokers said on Thursday that a further profit upgrade is highly likely.
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He had a glittering future in his father's firm of stockbrokers all lined up.
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"Some new foreign investors seem to be buying," said Prashan Fernando, CEO, Acuity Stockbrokers.
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Stockbrokers said foreign inflows are mainly from those investors who had invested in Pakistan.
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"Low key market with marginal dip," said Hussain Gani, deputy chief executive at Softlogic Stockbrokers.
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"2016 has proved a pivotal year for permanent tsb," Davy Stockbrokers wrote in a note.
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"Primary focus will be on our budget," said Danushka Samarasinghe, research head at Softlogic Stockbrokers.
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"Investors are really worried about the continued violence," said Prashan Fernando, CEO at Acuity Stockbrokers.
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"The market bounced back with bargain hunting," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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You see them mostly on their lunch hour, young stockbrokers, and they're running in herds.
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From indigenous OAPs to Japanese tourists and Essex-born stockbrokers, it seems everyone is welcome.
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Stockbrokers will be required to disclose any potential conflicts of interests when they give investment advice.
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"Foreign interest is continuing in select blue chips," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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"There is form for disappointment," John Cronin, head of UK banks research at stockbrokers Goodbody said.
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"Market is up mainly on buying in Keells," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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"The market slipped a bit with foreign selling," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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They're not going to turn into stockbrokers overnight or open up a chain of car washes.
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So-called robo-advisers create personalized investment portfolios, obviating the need for stockbrokers and financial advisers.
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The deal was negotiated trade between seller Rencap Securities Ltd and buyer Stanbic IBTC Stockbrokers Ltd.
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"We see encouraging signs with increased foreign participation," said Hussain Gani, deputy CEO of Softlogic Stockbrokers.
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In fact, his interest in banking came from his father and grandfather, who worked as stockbrokers.
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Goodbody stockbrokers said Ryanair Sun gave Ryanair "the chance to create an ultra-low cost business".
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The boost to capital was slightly better than anticipated, Davy and Goodbody Stockbrokers said on Thursday.
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The law directed the agency to evaluate the standards that applied to stockbrokers and investment advisers.
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The advertisements that play in her videos will often be for banks or stockbrokers, she said.
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Hargreaves Lansdown, Barclays Stockbrokers , TD Direct Investing and Fidelity Personal Investing led the "non-advised" pack.
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Excluding that business, that implies like-for-like growth of 7%, analysts at Goodbody Stockbrokers estimated.
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Jurors Told that Stockbrokers' Trades on IBM Deal Tips Not Illegal | Lawyers for two former Wall Street stockbrokers urged jurors on Tuesday to reject a regulator's claims they illicitly traded on a tip about an IBM deal, saying their conduct did not constitute illegal insider trading. reuters
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Thousands of investors were ruined or suffered huge losses, and 20 firms of London stockbrokers went under.
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The main characters might wield powers reserved for wizards, but they're really stockbrokers, lawyers, or urban planners.
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"The market came off with foreign selling in thin volumes," said Hussain Gani, deputy CEO, Softlogic Stockbrokers.
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He told stockbrokers he would use a recapitalisation and an increase in liquidity levels, without providing details.
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Stockbrokers said local participation was low as some investors were on holiday in the short trading week.
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That equates to 18 percent of sustainable earnings, Davy Stockbrokers said, calling it somewhat lower than expected.
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On Wall Street, stockbrokers also raided stores for fresh linen shirts because theirs were soaked with snow.
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Analysts at Davy Stockbrokers said the results demonstrated early progress on the targets laid out last month.
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Stockbrokers said rising interest rates could be detrimental to risky assets if they jumped beyond 12 percent.
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Management consultants may soon strike out on their own, and stockbrokers may hang out their own shingle.
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Back then, I made a habit of seeking out the veteran stockbrokers and quizzing them about their careers.
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"It is really a short week and investors are not there," said Prashan Fernando, CEO at Acuity Stockbrokers.
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"Quite a few frontier funds missed Nigeria last year," said Africa equity sales manager at Stanbic IBTC Stockbrokers.
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"Today, it was largely retail trade with some foreign trades," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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Bank of America Merrill Lynch, Davy Stockbrokers and Deutsche Bank are acting as global coordinators for the sale.
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"It's beginning to look a lot like 'soft-Brexit'," said Dermot O'Leary, chief economist at Ireland's Goodbody Stockbrokers.
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Armies of estate agents, stockbrokers and accountants are obsequiously available to all-too-legally clean money for them.
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Stockbrokers have said rising interest rates could be detrimental to risk assets if they jump beyond 12 percent.
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That meant that traditional stockbrokers, like me, were going to make even less money for the same effort.
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Stockbrokers have been squeezed out by whizzy algorithms that carry out transactions for a fraction of the cost.
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Stockbrokers said a rise in interest rates could be detrimental to risky assets if they jumped beyond 12 percent.
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Stockbrokers said the market is awaiting an economic policy announcement from Prime Minister Ranil Wickremesinghe, scheduled later this month.
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"The fiscal side seems to be really good," said Danushka Samarasinghe, an economist and research head at Softlogic Stockbrokers.
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Merrion Stockbrokers estimated last month that it would be 2021 before the U.S. made any meaningful contribution to earnings.
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Dermot O'Leary, chief economist at Goodbody Stockbrokers in Dublin, had forecast that GDP would come in at 7.0 percent.
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Stockbrokers have been the main losers from the new legislation, Bolton said, echoing a sentiment across the financial sector.
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"There was less foreign participation today, which resulted in lower turnover," said Hussain Gani, deputy CEO of Softlogic Stockbrokers.
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Davy Stockbrokers said there were signs of "strengthening momentum" in the results, which were in line with its forecasts.
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Citi, Danske Bank, Davy Stockbrokers, J.P. Morgan, Morgan Stanley and Nomura are joint lead managers for the new bond.
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As a stepmom, I worry about Donald's older sons, who remind me of Teletubbies dressed up as eighties stockbrokers.
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"I went to a school where boys were stockbrokers or firefighters, and that's who died on 9/11," she said.
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"The biggest challenge to achieve 5.5 percent growth will be the drought," Danushka Samarasinghe of Colombo-based Softlogic Stockbrokers said.
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Stockbrokers said the concern now is how the government is going to impose the tax, rather than the tax itself.
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Stockbrokers said the market is also awaiting an economic policy announcement from Prime Minister Ranil Wickremesinghe, scheduled for this month.
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Stockbrokers said though there was not much impact on trading due to the halt, it added confusion to stock trade.
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In recent years the main Pakistan bourses were demutualised to weaken the influence of stockbrokers and deepen the investor base.
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Sergeant Ballard said that on Tuesday evening at six o'clock in Throgmorton-street, there was a great crowd of stockbrokers.
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Stockbrokers said manufacturing and banking sectors are likely to be hit due to the low employee turnout during the floods.
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"The lower volume and sideways trade will continue until the budget," said Hussain Gani, deputy chief executive at Softlogic Stockbrokers.
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"It was push-up on large cap shares after margin calls," said Danushka Samarasinghe, research head at Softlogic Stockbrokers in Colombo.
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Instead, jobs moved to factories and eventually white-collar jobs like stockbrokers and business consultants emerged to further stabilize the workforce.
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"Most of the investors are on the sidelines awaiting the policy rates decision," said Hussain Gani, deputy CEO of Softlogic Stockbrokers.
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"Still political cloud remains and the market is waiting for a clear direction," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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It said a team of auditors, lawyers, stockbrokers and share registrars would conduct the forensic audit on Oando to ensure independence.
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"Translating sterling back into their own currency is a negative," said Ian Williams, Economist & Strategist at Peel Hunt stockbrokers in London.
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Goodbody Stockbrokers said that while the airline's operating performance was solid, there was a heightened risk of a showdown with unions.
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In the meantime, Uber has been cutting driver pay rates in major cities to boost its bottom line to attract stockbrokers.
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We live in an era that celebrates 90-year-old park rangers, 773-year-old surfers and 105-year-old stockbrokers.
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Malaysia's Securities Commission and stock exchange said on Thursday that markets would stay open, despite calls from stockbrokers for a shutdown.
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In 2011, the staff of the S.E.C. recommended that stockbrokers should be subject to the same high standards as investment advisers.
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It has not set a date for listing the new entity, in which stockbrokers would will hold 78% of the shares.
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Founded in 1971, Schwab became a thorn in the sides of established stockbrokers after America's regulators abolished fixed commissions in 1975.
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Founded in 221, Schwab became a thorn in the sides of established stockbrokers after America's regulators abolished fixed commissions in 1975.
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"Until the market digests the budget policies fully, there could be some decline," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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Stockbrokers said some foreign funds have started selling blue-chips, including market heavyweight John Keells Holdings and lender Commercial Bank of Ceylon.
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Many in the public-facing financial services industry, including financial advisors and stockbrokers, have been fighting the simple fiduciary standard for years.
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"The market somewhat recovered and still we see investors buying stocks which have value," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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Stockbrokers said the concern is now more on how the government is going to impose the tax, rather than the tax itself.
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With these stockbrokers, I had not even been buying managed mutual funds, I was buying individual stocks, relying only on their choices.
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"Investors are still confident and there are margin calls forcing investors to sell their stakes," said Prashan Fernando, CEO at Acuity Stockbrokers.
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"It was a sluggish day with investors awaiting for direction from earnings and the budget," said Prashan Fernando, CEO at Acuity Stockbrokers.
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Guardian Stockbrokers director of trading Atif Latif said the Banco Popular rights issue suggested euro zone banks were still a major concern.
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"Investors are waiting for the budget, and quarterly earning have also failed to inspire investors," said Prashan Fernando, CEO at Acuity Stockbrokers.
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Nearby Pedder Street, where 19th-century stockbrokers gathered to trade shares, has been a hotspot of anti-China protests since early summer.
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These women actively reject domesticity in all its forms, sniping about "hating rugrats" and holding intimidatingly high-powered careers as stockbrokers and novelists.
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IPOs were on fire, stockbrokers were minting money, and a buyout craze was in full bloom, using a great deal of borrowed money.
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Goodbody Stockbrokers said at first glance they envisaged a 4 percent upgrade to its full-year trading profit forecast to 430 million euros.
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"There was lack of retail investor participation as all are waiting for March quarter for directions," said Prashan Fernando, COO at Acuity Stockbrokers.
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The SEC has said a team of auditors, lawyers, stockbrokers and share registrars would conduct a forensic audit of Oando to ensure independence.
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The SEC has said a team of auditors, lawyers, stockbrokers and share registrars would conduct a forensic audit on Oando to ensure independence.
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Most holidays are now purchased directly, rather than via travel agents; shares are bought via low-commission services, rather than through advisory stockbrokers.
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Mark Simpson, an analyst with Goodbody Stockbrokers, said he didn't see a significant risk that Ryanair would have to curb its expansion plans.
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Uniting the two American online stockbrokers stacks up financially, because of cost cuts, a tax break and a sale of a banking unit.
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The government, which had always regulated the commissions that stockbrokers could charge, decided to allow free negotiation of what the commissions would be.
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Who could be against insisting that stockbrokers and the like apply the same ethical standards as lawyers to how they treat their clients?
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They, of course, fall for his charms and while grumbling how they've been mistreated by stockbrokers and Wall Street, fork over their money.
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These are not your stockbrokers on $30,000 Harleys, said Mr. Delgado, who used to ride a sport bike known as a crotch rocket.
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Stockbrokers Davy described the results in a note as "modestly ahead of expectations" and said it would not make material changes to its forecasts.
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"The FTSE has been in a small range over the last few weeks, having made new highs," said Atif Latif, director at Guardian Stockbrokers.
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"Still, the foreign demand is there and we expect the same trend to continue this year," said Hussain Gani, Deputy CEO at Softlogic Stockbrokers.
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Analysts said LVMH's fashion and leather goods businesses — dubbed as "soft" fashion by stockbrokers and investors — had been particularly strong during the first quarter.
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Analysts said LVMH's fashion and leather goods businesses - dubbed as "soft" fashion by stockbrokers and investors - had been particularly strong during the first quarter.
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The SEC has passed Regulation Best Interest, a new rule requiring stockbrokers and financial advisers to act in the best interest of their clients.
|
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Stockbrokers said some foreign funds have already started selling blue chips including the market heavyweight John Keells Holdings and lender Commercial Bank of Ceylon .
|
|
"We are facing a number of market risks and shocks that are yet to be priced in," said Atif Latif, director at Guardian Stockbrokers.
|
|
"There was heavy interest in Sampath Bank and investors are just holding until the next week's budget," said Prashan Fernando, CEO at Acuity Stockbrokers.
|
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COLOMBO, April 24 (Reuters) - Sri Lankan share index ended marginally lower in thin trading on Tuesday as continued political uncertainty dampened sentiment, stockbrokers said.
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It also managed to increase prices in eight of the European countries it operates in, which analysts at Davy Stockbrokers said was particularly encouraging.
|
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"Foreign investors are buying stocks in which they see some value after prices have come down," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
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Its worth soars up and down so regularly and with such velocity that the currency in practice can only attract risk-hungry gambling stockbrokers.
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The exchange began changing its ownership structure from a mutual company of stockbrokers in 2017, adding new shareholders in a process known as "demutualisation".
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"Anyone who stands between the buyer and seller is gone, so stockbrokers are gone, mortgage brokers are gone, ticket sellers are gone," Edelman said.
|
|
Goodbody Stockbrokers estimated that CRH was paying a pre-synergy multiple of 11 times Ash Grove's earnings before interest, tax, depreciation and amortisation (EBITDA).
|
|
Davy Stockbrokers suggested a range of 10.5-13.5 times, both far lower than the 16 times EBITDA achieved in last month's distribution arm sale.
|
|
Analysts at Goodbody Stockbrokers said that investor concern of an increasingly coordinated union response across Europe will be heightened by the possible action in Spain.
|
|
"Market slipped on a few counters, but it looks healthy with over a billion rupee in turnover," said Hussain Gani, deputy CEO of Softlogic Stockbrokers.
|
|
Foreign investors, who mostly sold shares of John Keells last week, bought the market heavyweight after the lower prices made it more attractive, stockbrokers said.
|
|
Like they were another stupid scam aimed at making stressed out stockbrokers more productive—or just another bogus nutritional supplement that none of us need.
|
|
Goodbody Stockbrokers estimates sustainable housing construction will not be reached until 2023, four years later than the government target, leaving seven years of housing inflation.
|
|
"The guidance, to increase and stabilise margins from a low base, will be tough but achievable," said Atif Latif, director of trading at Guardian Stockbrokers.
|
|
Stockbrokers say speculation of a rate hike after the IMF last week urged the central bank to stand ready to tighten interest rates is weighing.
|
|
"Market bounced back with buying in heavyweights like John Keells which came down over the last few days," said Hussain Gani, deputy CEO, Softlogic Stockbrokers.
|
|
Foreign investors, who mostly sold shares of John Keells last week, bought the market heavyweight after low share prices "made it more attractive", stockbrokers said.
|
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NEW YORK (Reuters) - A federal jury on Monday found two former New York stockbrokers liable for trading on confidential tips about an IBM Corp (IBM.
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Stockbrokers said they expect the bullish trend to continue next week with the central bank holding key policy rates steady amid falling T-bill yields.
|
|
Analysts at Goodbody Stockbrokers said that investor concern over an increasingly coordinated union response across Europe will be heightened by the possible action in Spain.
|
|
"The IMF statement on urging the central bank for a possible rate hike has weighed on sentiment," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
|
|
Foreign investors, who sold shares of John Keells, in the previous two sessions, bought the market heavyweight after lower price made it attractive, stockbrokers said.
|
|
"The market came down marginally today, but the good sign is we see some net foreign buying," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
|
|
MTN would typically meet with institutional and other big investors to discuss the business, and would brief stockbrokers on Thursday after the listing, the bourse said.
|
|
While that will draw out the process, it will also allow the sales to go ahead to appease regulators and free up capital, Davy Stockbrokers said.
|
|
Checklists have helped builders construct skyscrapers without the risk that they will collapse, assisted pilots in landing distressed planes and showed stockbrokers which securities to avoid.
|
|
"It appears that those buyers have completed their mandate and now they are taking profits on the previous gains," Kayode Olayemi trader with CSL Stockbrokers said.
|
|
Research by Davy Stockbrokers shows that a 1 percent decrease in UK economic output has led in the past to a 0.3 percent drop in Ireland.
|
|
Danushka Samarasinghe, research head at Softlogic Stockbrokers, said the central bank would be averse to cutting rates again because of the pressure on the rupee currency.
|
|
A London software company that helps process trades for wealth managers and stockbrokers has been snapped up by Californian fintech InvestCloud for $20 million (£16.4 million).
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"It was a dull market as local investors are still trying to digest the impact of fuel price hike," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
|
|
Analysts at Goodbody Stockbrokers said that while not all negotiations have gone smoothly, Ryanair had gone some considerable way in addressing non-pay issues with their pilots.
|
|
Nevada lawmakers approved a law last July that extends an existing fiduciary law to include not only financial planners but stockbrokers and other commission-based investment representatives.
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Certainly not; the burger was quite delicious, if outrageously rich, and apparently a top seller: "Yesterday, some stockbrokers ordered them for the floor," the employee told me.
|
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Danushka Samarasinghe, research head at Softlogic Stockbrokers said the results could bring more uncertainty to the market and ongoing economic reforms could be overshadowed by parliamentary politics.
|
|
"Overall Prudential remains in good shape and ... has allayed investor concerns on management's ability to deliver on strategy," said Atif Latif, director of trading at Guardian Stockbrokers.
|
|
What Bracamontes is not is a fair representative of the 11 million undocumented immigrants in this country, any more than Bernie Madoff is representative of all stockbrokers.
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But some stockbrokers and many people who sell life insurance, annuities and other more esoteric investment products merely have to follow what's known as the "suitability" standard.
|
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"The trend is a declining one and not necessarily on the local, but the global events also," said Danushka Samarasinghe, research head at Softlogic Stockbrokers in Colombo.
|
|
Goodbody Stockbrokers analyst Mark Simpson said the warning came as a surprise, given that O'Leary said only two weeks ago that there was no change to guidance.
|
|
"Liquidity worries aside, there's no reason why based on fundamentals we shouldn't be trading right beside them (France)," said Alan McQuaid, chief economist at Merrion Stockbrokers in Dublin.
|
|
Ireland last month appointed Bank of America Merrill Lynch , Deutsche Bank and Davy Stockbrokers as the global coordinators for the potential sale of a stake in the bank.
|
|
Goodbody analyst Mark Simpson said O'Leary's commitment to five more years was a positive, while Davy Stockbrokers' Stephen Furlong said there was little sign of him relinquishing control.
|
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Analysts at Goodbody and Davy Stockbrokers expected that the increased investment, together with adverse currency movements, would knock 5 to 6 percent of their earnings forecasts for 2018.
|
|
It was time to sober up, too, because America's influence on the London market went well beyond the acquisition by its banks of a few old-school stockbrokers.
|
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Goodbody Stockbrokers analyst Robert Eason said the expectations for Ferguson were set pretty high ahead of the results, with shares up 26 percent in the last 12 months.
|
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Davy Stockbrokers said that even if it did, the Central Bank was unlikely to use the powers, though risks remained over what it described as a "retrograde step".
|
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"Continuous foreign participation improved market sentiment and we see that local participation is also improving which is a good sign," said Hussain Gani, deputy CEO at Softlogic Stockbrokers.
|
|
The second-biggest bourse in sub-Saharan Africa after Johannesburg and a main entry point for investors in Africa, the NSE is owned by stockbrokers and some institutional investors.
|
|
This pair of advisors, actually "stockbrokers," told me a lot about the marathons they ran in Hawaii before proceeding to advise me to buy a bunch of individual stocks.
|
|
They included both stockbrokers who are overseen by the Financial Industry Regulatory Authority, or FINRA, as well as investment advisors who are regulated by the Securities and Exchange Commission.
|
|
Do you think that could have been because the site, to some extent, democratized rumor—that it wasn't stockbrokers or political powerbrokers spreading rumors in media but ... regular people?
|
|
HKEX was formed in 7.83953, but can trace its history back to 27.8395 and the establishment of the Stockbrokers' Association of Hong Kong, the city's first formal securities market.
|
|
First, conduct a quick online search about the host, including a check of the central database for stockbrokers' black marks and the similar ones that state insurance departments maintain.
|
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HKEX was formed in 2000, but can trace its history back to 1891 and the establishment of the Stockbrokers' Association of Hong Kong, the city's first formal securities market.
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The National Treasury Management Agency (NTMA) mandated BNP Paribas, Barclays, Bank of America Merrill Lynch, Danske Bank, Davy Stockbrokers and J.P. Morgan as joint lead managers on the deal.
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The National Treasury Management Agency (NTMA) mandated BNP Paribas, Barclays Bank of America Merrill Lynch, Danske Bank, Davy Stockbrokers and J.P. Morgan as joint lead managers on the deal.
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COLOMBO, March 14 (Reuters) - Sri Lankan share index fell on Monday, snapping a two-session gaining streak as it declined below a key support level of 6,000 points, stockbrokers said.
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|
"The downgrade makes Genel more reliant than they already were on oil price recovery in order to generate value for shareholders," said Daniel Slater, research director at Arden Partners stockbrokers.
|
|
Analysts at Davy Stockbrokers said CRH's "equally judicious capital allocation strategy in 2019" should benefit shareholders both in terms of dividend and buyback returns, as well as share price performance.
|
|
So, what was I drawing on when a small group of mainly stockbrokers and accountants in Nebraska set out to found a business that would change investment for the world?
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|
This week, however, I visited the one county in the United States that had more stockbrokers with black marks on their disciplinary records than any other county in the land.
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Nigeria's bourse, the second-biggest in sub-Saharan Africa after Johannesburg and one of the main entry points to invest in Africa, is currently owned by stockbrokers and some institutional investors.
|
|
"Many investors are confused because while t-bill yields are coming down, the short term fixed-deposit rates offered by banks are very high," said Prashan Ferbando, COO at Acuity Stockbrokers.
|
|
"There are a lot of corporate investors who are trading in the market and they will have second thoughts on remaining in the market," said Prashan Fernando, CEO at Acuity Stockbrokers.
|
|
So when Ms. Boone — in her fancy clothes, selling art to all those stockbrokers — became a symbol of '80s excess, powerful women in the industry didn't all rush to defend her.
|
|
Currently unregulated buyers use regulated 'credit servicing firms' to service acquired loans, prompting Davy Stockbrokers to call the opposition party bill "an unwelcome and unnecessary development" given consumer protections already in place.
|
|
It had to make a lame video explaining for stockbrokers how its app worked and laying out the details in the boring legalese required of filing with the securities and exchange commission.
|
|
Nowadays, software that provides financial advice has automated the work of some stockbrokers, but it is also expanding the number of people getting financial advice and the demand for cheap investment products.
|
|
"Today's data shows that the mortgage market in Ireland is seeing continued strong growth as the household deleveraging phase comes to an end," Goodbody Stockbrokers' analyst Susie Crawford said in a note.
|
|
Over the past few years officials have been enacting market reforms to regain the trust of investors, including demutualizing Pakistan's bourses to weaken the influence of stockbrokers and deepen the investor base.
|
|
The National Treasury Management Agency (NTMA) said in a statement that it had appointed Citi, Danske Bank, Davy Stockbrokers, J.P. Morgan, Morgan Stanley and Nomura as joint lead managers for the deal.
|
|
John Cronin, head of UK banks research at stockbrokers Goodbody, said Virgin Money's net interest margin - a key measure of profitability - could be hit if it turns out its assumptions are wrong.
|
|
In the years since then, instead of enacting more rigorous requirements for the nation's 629,032 stockbrokers, the agency has proposed a code that isn't much stricter than the rules we already have.
|
|
A glance at the nearby photograph of my graduating class of fellow stockbrokers in late 1981 shows that "customer's man" was still a fairly accurate term even when I entered the industry.
|
|
Analysts at Davy, Investec and Goodbody Stockbrokers all said any onerous restrictions imposed on buyers would likely lower the price achieved for future portfolio sales and legislative changes could also delay those sales.
|
|
"We have seen a stronger open this morning after more corporate activity in the US, which will help the media names in the session," said Atif Latif, director of trading at Guardian Stockbrokers.
|
|
COLOMBO, July 24.5 (Reuters) - Sri Lankan shares fell over 203 percent on Monday, the sharpest in nearly 220 months, as continued foreign selling and concerns about lower economic growth hurt sentiment, stockbrokers said.
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He says that while speaking to stockbrokers in Canada about the cannabis industry a couple of years ago, he noticed the room was full of men in Tom Ford suits and Prada shoes.
|
|
Prashan Fernando, CEO at Acuity Stockbrokers said the move will help small businesses access lower cost financing compared to the current borrowing cost of between 16-22 percent from banks and finance companies.
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Davy Stockbrokers said the NIM outlook would likely lead it to cut its forecast for underlying profit before tax in 2860 by 21 percent, with lower cuts in 20.8806 and 2021 also likely.
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With the central bank's unexpected hike in interest rates in mid-February and yields on treasury bills at two-year highs, investors prefer fixed interest rate bearing assets over risk assets, stockbrokers said.
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The Financial Industry Regulatory Authority (FINRA) is an independent, non-governmental agency that sets the rules of conduct for stockbrokers, investigates misconduct, and brings enforcement actions when behavior falls short of the ideal.
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Analysts at Davy Stockbrokers and Investec said Cairn's margins were lower than expected due to slowing price inflation, primarily at a prime Dublin apartment block Cairn sold to a private landlord in June.
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It passed a proposal — in a 3-to-2 vote — that, if made final, would grant access to stockbrokers and investment advisers, even if they did not meet the income and wealth thresholds.
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One is a proposed requirement that stockbrokers act in a client's best interest when selling and giving advice on non-retirement accounts, rather than pitching products and services that pay the highest commissions.
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Unregulated buyers now use regulated "credit servicing firms" to service acquired loans, prompting Davy Stockbrokers to last week call the bill "an unnecessary development" that was likely to lower the price of portfolio sales.
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Investec and Davy Stockbrokers both said the bank's comments on provisions implied it would not be constrained from resuming dividend payments as planned for the first time since the financial crisis early next year.
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Analysts at Goodbody Stockbrokers said uncertainty around the legislation that governs QIAIFs and ICAVs had delayed well in excess of 100 million euros worth of deals in the run up to last week's budget.
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"One of the main reasons for the relative underperformance in the mining sector and Glencore was due to high debt levels and risks of more credit downgrades," Atif Latif, director at Guardian Stockbrokers, said.
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Following the profit warning, Merrion Stockbrokers said it would no longer have a recommendation on INM, whose Group Chief Executive Robert Pitt said on Wednesday that the group remained operationally robust and cash generative.
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"A turbulent start to 2016 has seen investors adopting the brace position, as a combination of factors have driven global markets lower," Richard Hunter, Head of Equities, Hargreaves Lansdown Stockbrokers, said in a note.
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"If you strip out the Nigerian fine, which is a once off thing, and forex moves, this company is not in a such bad shape operationally," said Momentum SP Reid Stockbrokers' analyst Sibonginkosi Nyanga.
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"One of the main reasons for the relative underperformance in the mining sector and Glen was due to high debt levels and risks of more credit downgrades," Atif Latif, director at Guardian Stockbrokers, said.
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COLOMBO, March 21 (Reuters) - Sri Lankan shares rose for a second straight session on Wednesday, posting their highest close in nearly one week, helped by foreign investor buying and quarter-end window dressing, stockbrokers said.
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"It is difficult to see any government that does not include Fine Gael – so the status quo in terms of economic and financial policy should be maintained," Davy Stockbrokers said in a note to clients.
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COLOMBO, April 21 (Reuters) - Sri Lankan shares closed lower for the first time in four sessions on Monday amid a steep rise in foreign outflow as worries over macroeconomic stability dented investor sentiment, stockbrokers said.
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Currency dealers said the policy move will ease the pressure on the rupee, which fell 9 percent last year, while stockbrokers said there will be selling pressure in stocks with investors shifting to fixed assets.
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Janice Fanning Madden, of the University of Pennsylvania, examined why female stockbrokers in two of the largest brokerage firms in the United States made only about 60 percent of what their male colleagues were paid.
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Some agents who are also registered stockbrokers may also have an online disciplinary record maintained by the Financial Industry Regulatory Authority, a self-regulatory organization, which they can consult to review any past customer complaints.
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COLOMBO, March 2151.8500 (Reuters) - Sri Lankan shares rose for a third straight session on Thursday, closing at their highest in more than one week, helped by foreign investor buying and quarter-end window dressing, stockbrokers said.
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"Ted Baker's pair of profit warnings, perceived corporate governance woes and slumping share price have all had analysts wondering whether the firm was open for a bid," said Russ Mould, investment director at stockbrokers AJ Bell.
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Davy Stockbrokers estimated that the unfavourable soccer and horse racing results would have impacted first quarter profits by about 14 million pounds before any recycling of winnings but that the underlying momentum appeared better than anticipated.
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Goodbody Stockbrokers said the combination made strategic sense given complementary businesses in Latin America and the opportunity for International Paper to build on its small position in Europe where it has a 4 percent market share.
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Jim Nevotti, president of Sterling Trading Tech, a company that sells trading, risk and compliance software to banks and stockbrokers, thinks traders and salespeople will continue to be allowed to work between offices and backup sites.
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"Of course, a 'no-deal' Brexit may not happen, but the Minister for Finance is using the risk to create political space to rein in spending," Davy Stockbrokers chief economist Conall MacCoille wrote in a note.
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Analysts at Davy Stockbrokers said it was no great surprise that Recticel had rejected the approach but that it remained very positive about the concept of a combination of Kingspan's insulation boards and Recticel's insulation operations.
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"The timing is certainly less than ideal given the particularly noisy regulatory backdrop at present and the fact that the group is yet to complete its major platform migration project," said Davy Stockbrokers analyst David Jennings.
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Ireland appointed Bank of America Merrill Lynch, Deutsche Bank and Davy Stockbrokers as global coordinators for the potential sale of a stake in the bank earlier this year and AIB reiterated that it was ready to go.
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"It was a slow day and market participation was very low as the investors are still awaiting to see the real economic impact of the fuel price hike," said Hisham Haniffa, assistant manager, Softlogic Stockbrokers (pvt) Ltd.
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The rule will impose fiduciary requirements on stockbrokers, requiring that they act in the best interest of clients whenever a tax-advantaged retirement account is involved (taxable retail accounts are not affected directly by the new rule).
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Profits at the country's two dozen listed stockbrokers, including CITIC, Guotai Junan Securities and Guosen Securities are expected to rise by just 230 percent this year and could be flat next year, according to StarMine Professional estimates.
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Speaking exclusively to CNBC at the Australian Stockbrokers and Financial Advisors conference in Sydney, newly installed CEO Dominic Stevens says the Australian market is an attractive option for companies that aren't seeking a so called mega listing.
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COLOMBO, March 16 (Reuters) - Sri Lanka's share trading was halted briefly on Wednesday due to a power failure in the island nation's main business building, World Trade Center (WTC) that houses the bourse, officials and stockbrokers said.
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The densely settled bedroom communities of Nassau County are some of the wealthiest and best educated in the United States, home to stockbrokers and accountants, the kind of place where he has struggled in earlier nominating contests.
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Analysts at Davy Stockbrokers wrote in a note that while it would cut its forecast for 2020 EPS by 3 to 4%, the breadth of measures being taken to restore momentum in the GPN division appeared credible.
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NEW YORK (Reuters) - U.S. securities regulators are set to take two former stockbrokers to trial in a case that tests the ability of authorities to pursue insider trading charges after an appellate court's ruling reshaped the law.
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TOKYO (Reuters) - Japan's stockbrokers are rubbing their hands ahead of SoftBank's record-breaking $21 billion share sale, banking on the telco's brand power and unprecedented marketing campaign to boost business in a country replete with IPO-hungry investors.
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However, analysts at Goodbody Stockbrokers said the update spelled a turnaround for the online business and that there was a lot to like about the statement, including "some very positive signs" from customer activity in its US business.
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Goodbody Stockbrokers said the trend indicated that the mortgage market will slow further, although Investec Ireland said the overall amount was ahead of its own expectations for annual lending of 4.6 billion euros and well ahead of consensus.
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In addition, Ulster's risk-weighted assets as a percentage of its total assets are at a European-leading 92 percent, Goodbody Stockbrokers analyst Eamonn Hughes wrote in a note, adding that this leaves "ample scope" for future payments.
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Davy Stockbrokers warned that uncertainty created by the vote for Brexit could knock confidence among Irish consumers while growth in visitors from Britain, will slow due to the sharp fall in sterling and potential for a British recession.
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COLOMBO, April 23 (Reuters) - Sri Lankan share index ended marginally weaker on Monday, hitting a one-week closing low, as investors awaited fresh cues as a new cabinet is expected to be sworn in this week, stockbrokers said.
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COLOMBO, April 3 (Reuters) - Sri Lankan shares closed at their highest in more than three weeks on Monday, rising for a fifth straight session as foreign buying boosted sentiment while block deals pushed the day's turnover, stockbrokers said.
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"Glanbia's FY results confirm a strong finish to 2018 and were ahead of forecasts at the revenue, EBITA (earnings before interest, taxes, and amortization)and EPS reporting lines," Davy Stockbrokers said in a note, also reiterating its "outperform" recommendation.
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The economy has recovered to be the best performing in the European Union for the last three years and that momentum should help deliver 20 percent growth in new mortgage lending this year, said Davy Stockbrokers' economist David McNamara.
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NEW YORK (Reuters) - A federal jury on Monday found two former New York stockbrokers liable for trading on confidential tips about an IBM Corp acquisition, despite a major appeals court ruling that made insider trading cases harder to pursue.
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COLOMBO, Sept 8 (Reuters) - Sri Lanka's benchmark index hit a more than one-month closing low on Thursday, dragged down by large cap shares, as investors largely stayed on the sidelines amid confusion over falling bond yields, stockbrokers said.
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"In previous cycles, we've had rampant house price inflation and rampant supply together whereas this time around you have sedate, stable house price inflation but you're still seeing the supply response come," Davy Stockbrokers chief economist Conall MacCoille said.
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The now-endangered fiduciary rule is based on a simple — and seemingly unarguable — principle: that in giving advice to clients with retirement funds, stockbrokers, registered investment advisers and insurance agents must act in the best interests of their clients.
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Given CRH reports around 75 percent of its earnings in the second half of the year, Robert Eason of Goodbody Stockbrokers said Friday's upgrade did not significantly change the company's prospects, but was nevertheless a welcome update amid uncertain equity markets.
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Investec analyst Owen Callan said the results were a "mixed bag", while analysts at Davy Stockbrokers said the challenging NIM environment would be the main area of focus despite progress towards the bank's medium term targets, including a dividend increase.
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"The indication given by the rate hike is that the rates will stay at these levels and will not come down and the positive factor is that the inflation will be in check," said Danushka Samarasinghe, research head, Softlogic Stockbrokers.
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Stockbrokers said Sri Lanka's failure to attract foreign direct investments and lack of investor confidence due to a reversal in some budget policies weighed on the market and on the rupee, which fell 3.9 percent in 2016 and remains weak.
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"There is no other company in the sector with this level of cash firepower," analysts at Davy Stockbrokers said, saying CRH also set a target last month to raise 1.5 billion to 2.0 billion euros from the sale of assets.
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"With Brexit uncertainties looming, it remains to be seen whether the minister will aim for a cautious budget, eschewing large giveaways, in favor of a more ambitious target for a surplus," Davy Stockbrokers chief economist Conall MacCoille wrote in a note.
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"I would absolutely not expect this to result in any capital raise requirement for AIB given the bank has just been allowed return two significant sums of capital to the state over the last eight months," said Davy Stockbrokers' Stephen Lyons.
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Diarmaid Sheridan, an analyst at Davy Stockbrokers, said an increased levy would have a negative impact on the valuation of the government's planned sale of a 25 percent stake in 99-percent state owned Allied Irish Banks, if re-elected.
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"Home Retail has always been a favourite for a takeout target, given the poor performance of late in the sector and synergies that will allow significant shareholder value to be extracted," said Atif Latif, director of trading at Guardian Stockbrokers.
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Gig economy workers through services such as Uber, Lyft and TaskRabbit, as well as IT consultants in Silicon Valley, management consultants and even stockbrokers who forgo benefits and certain legal protections to work as independent contractors all qualify for this deduction.
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NEW YORK (Reuters) - Lawyers for two former Wall Street stockbrokers urged jurors on Tuesday to reject a U.S. regulator's claims they illicitly traded on a tip about an IBM Corp deal, saying their conduct did not constitute illegal insider trading.
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NEW YORK (Reuters) - Two former New York stockbrokers must pay $1.9 million after a U.S. jury found them liable for having engaged in insider trading based on confidential tips about an IBM Corp acquisition, a federal judge ruled on Monday.
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Analysts at Davy Stockbrokers said the deal would hand Paddy Power Betfair an extremely well recognized U.S. brand, an award-winning technology platform that can be converted to offer real money betting and a database of over 6 million U.S. customers.
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Stockbrokers said Sri Lanka's failure to attract foreign direct investment and lack of investor confidence due to a reversal in some budget policies weighed on the market and on the rupee, which fell 3.9 percent in 2016 and continues to be weak.
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COLOMBO, May 2158.1500 (Reuters) - Sri Lankan shares ended firmer on Tuesday, edging up from a near five-week closing low hit in the previous session, led by Ceylon Cold Stores Plc, while the recent fuel price hike weighed on sentiment, stockbrokers said.
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COLOMBO, July 203 (Reuters) - Sri Lankan shares closed steady on Tuesday, while the turnover slumped to a near three-month low as many investors remained on the sidelines due to a lack of bullish news amid concerns over political uncertainty, stockbrokers said.
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Stockbrokers said the market was digesting political concerns over the resignation of the head of Sri Lanka's anti-corruption body on Monday, a few days after President Maithripala Sirisena implied that the agency was favouring the rival party of his prime minister.
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LONDON (Reuters) - BlackRock and other investment houses have slashed their budgets for external research by as much as half after the introduction of new European Union rules, piling pressure on stockbrokers, a senior executive at the world's top asset manager said on Tuesday.
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This logic doesn't apply to corporate executives whose compensation is linked to short-term stock prices, to old people who are looking to spend accumulated savings, or to stockbrokers who take advantage of cognitive errors to extract excess trading fees from normal people.
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Stockbrokers, who are registered with Finra, a self-regulatory organization financed by its Wall Street members, are required only to recommend investments that are "suitable" for their customers, which leaves wiggle room for them to pick products that give them the biggest commissions.
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"We believe that the mortgage-to-rent scheme will play an important role in the resolution of long-term mortgage arrears, reducing potential repossessions and thereby limiting the need for additional state housing," Diarmaid Sheridan, an analyst at Davy Stockbrokers, wrote in a note.
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Fingerprints are required for the millions of people in those occupations, including teachers, medical professionals, caregivers to the elderly and sick, stockbrokers, cab drivers, real estate agents, school volunteers and fire fighters, because they have regular unmonitored access to vulnerable populations or significant financial assets.
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Analysts at Dublin-based Goodbody Stockbrokers estimated the cancellations would cost the airline about 211 million euros ($2925 million)m — comprising 2255 million euros in compensation, 2000 million euros in lost fees, and 33 million euros in subsistence such as meals, drinks and accommodation.
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Stockbrokers said the stock market was also digesting political concerns over the resignation of the head of Sri Lanka's anti-corruption body on Monday, a few days after President Maithripala Sirisena implied that the agency was favouring the rival party of his prime minister.
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LONDON, Dec 11 (Reuters) - BlackRock and other investment houses have slashed their budgets for external research by as much as half after the introduction of new European Union rules, piling pressure on stockbrokers, a senior executive at the world's top asset manager said on Tuesday.
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New York Brokers Lose Insider Trading Trial Over IBM Tip | A federal jury on Monday found two former New York stockbrokers liable for trading on confidential tips about an IBM acquisition, despite a major appeals court ruling that made insider trading cases harder to pursue.reuters
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Chinese-language reports in Hong Kong in March said the Securities and Futures Commission, the main stock market regulator, had requested the trading records of Meitu from local stockbrokers on three occasions since December, when it raised $629 million in an initial public offering.
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The only rationale for a rollback would be to entrench a status quo in which retirement savers forfeit an estimated $17 billion each year to stockbrokers, insurance agents and other advisers who steer them into high-cost strategies and products when comparable lower-cost options are available.
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Having generated almost 11 billion euros of free cash flow over the last five years - representing an industry-leading conversion rate, according to Davy Stockbrokers - CRH has become a "cash machine", Chief Executive Albert Manifold told Reuters, as he also announced a 2% increase in its interim dividend.
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"Overall, we believe that the update re-emphasises what many holders already knew; returning the group to double-digit growth is going to take time," analysts at Davy Stockbrokers wrote in a note, saying they would cut their earnings forecasts for this year and next by around 3 percent.
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"Summit Materials' opportunistic offer of an Ash Grove merger will likely see investors decide between a cash offer at a 60 percent premium or a merger that gives no certainty to a cash exit price for large Ash Grove investors," said Darren McKinley, analyst at Dublin-based Merrion Stockbrokers.
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"Granted some (investors) remain nervous on the outlook for Brexit and the overall impact of U.S. policy but we see this as an opportunity to gain exposure as the recent drop was not a true reflection of equity asset prices," Atif Latif, director of trading at Guardian Stockbrokers, said.
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The positive outturn helped Ireland run a 260 million euro budget surplus for the first half of the year, putting the government broadly on course to meet its target of running a surplus of 600 million euros or 0.2% of gross domestic product (GDP), said Davy Stockbrokers chief economist Conall MacCoille.
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The '80s ushered in bigger and baggier shapes for the trusty blazer-and-trouser combo: The men of Miami Vice rolled up their sleeves and layered white and salmon suits over T-shirts, while Michael Douglas' Gordon Gekko made thick braces and contrast collars an essential for city-slicking stockbrokers.
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Analysts at Davy Stockbrokers, who wrote in a note that they understood Kingspan will not make a revised offer, said that while they liked the concept of the initial deal, a takeover would bring added risks including follow-on non-core disposals and that Kingspan's discipline was to be admired.
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LOS ANGELES — Now that pop stars routinely fly their favorite ink masters around the world for personal appointments and stockbrokers plunk down thousands of dollars to get the Wall Street bull etched on their arms, it can be easy to forget the days when tattoos were still considered outlaw art.
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I was twenty-five years old, in graduate school for creative writing, and had just quit my job as a professional dominatrix, where my shifts consisted of dressing up in corsets, fishnets, stilettos, and the occasional nurse costume to enact the fetishized scenarios of my clients, who were mostly stockbrokers.
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"The banks have continued to have a weak start to the year on concerns (over) dividend cuts and weaker EM growth ... We (also) see some concerns on the outlook for Brexit if it occurs," said Atif Latif, director of trading at Guardian Stockbrokers, noting that swings in oil prices also had a big effect on the commodity-heavy FTSE.
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In the end, though, no one could stay away from the food, and so Louie's gradually became its own little Equality State—an American kind of place, diverse and democratic, where the staff of the newspaper wolfed down post-deadline burgers elbow to elbow with society ladies, and schoolkids counted out their nickels next to stockbrokers ordering large.
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On the manure-scented main strip of this Woodstock, in Madison County's horse country about 25 miles southeast of Syracuse, lies the answer to a question that has bedeviled me for months: How did this rural county become the place with the highest percentage of stockbrokers in the entire United States with at least one black mark on their disciplinary records?
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"The figures couldn't come at a worse time as economic analysts try to gauge the impact on Ireland from the Brexit shock, but that is going to become that more difficult," said Merrion Stockbrokers chief economist Alan McQuaid "It won't help policymakers either as more and more people will be looking for a piece of this "super-growth pie", likely leading to over-aggressive wage demands, which if granted will do far more damage than good to the economy in the long run." editing by John Stonestreet
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