View of the Day: Interest rates and equities
Financial Time (Free subscription) | 27/11/2008
Investors should be wary of treating falling interest rates as a buy signal in the equity market, says Philip Isherwood at Dresdner Kleinwort
Dresdner Kleinwort
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[Video] BOE unveils quarterly report
Conquer The Wallstreet !!! (Free subscription) | 15/11/2008
Bloomberg Video November 12, 2008 BOE Releases Quarterly Inflation Report Analysis by Christopher Rieger of Dresdner Kleinwort. BOE Unveils Quarterly Report I BOE unveils quarterly report just days after slashing interest rates; Anlaysis by Adam Chester of HBOS. BOE Unveils Quarterly Report II BOE unveils quarterly report just days after slashing interest rates; Analysis by Paul Robinson of Barclays...
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James Montier: On The Dangers Of Discounted Cash Flow
SimoleonSense (Free subscription) | 10/11/2008
I read one of Jim Montier’s books two years ago and completely forgot to follow up on his writings. Jim Montier is an economist and global equity strategist at Dresdner Kleinwort Wasserstein and also writes a column titled Mind Matters for Societe Generale. Yesterday I came across two of his recent articles, here is the [...]
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View of the Day: 'Ice age' equity markets
Financial Time (Free subscription) | 06/11/2008
Japanese equities are already priced for the "ice age", believes Peter Tasker, strategist at Dresdner Kleinwort
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BA upped at Dresdner on M&A, capacity reduction upside
Market Watch (Free subscription) | 13/10/2008
LONDON (MarketWatch) -- Dresdner Kleinwort raised its rating on British Airways , Europe's third-largest flag carrier, to buy from hold. It said the issues the airline faces, such as high oil prices and falling premium passenger traffic, have been largely priced in and ignore the positives from potential industry capacity reductions and mergers and acquisitions. The broker told clients that while...
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LBBW recruit Boyd in New York
Banking Times: Daily Banking News (Free subscription) | 07/10/2008
Landesbank Baden-Württemberg (LBBW) New York Branch has announced the appointment of Robert S. Boyd as the new treasurer, with immediate effect. In addition to this Boyd will also become the new president and chief executive officer of LBBW Securities, LLC. He joins the firm from Dresdner Kleinwort NY where he worked for over six years as a [...]
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The Money Markets Are Dead
Anorak News (Free subscription) | 01/10/2008
This afternoon, as reported in the Newy York Times, the money markets ceased to exist. “The money markets have completely broken down, with no trading taking place at all,” said Christoph Rieger, a fixed-income strategist at Dresdner Kleinwort in Frankfurt. “There is no market any more. Central banks are the only providers of cash to the [...]
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Northern property
Winchester whisperer (Free subscription) | 01/10/2008
Dresdner Kleinwort's construction analysts have been touring property agents and consultants in Birmingham, Manchester, Leeds and Sheffield. The six leading property agents in Leeds have sold 6 new apartments between them in the last two months. Barratt in Yorkshire is offering discounts of up to 43% on bulk buys of at least 5 units. In all four cities, agents spoke of massive over-supply of apartments;...
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New Barratt apartments: buy five, save 43%
theRatandMouse (Free subscription) | 01/10/2008
(Offer good in selected regions only.) The story is that City analysts Dresdner Kleinwort have seen documents traced back to Barratt's Yorkshire East offices offering discounts of up to 43%. More here. Technorati Tags: property, real estate...
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A flat market
SOCIALISM OR YOUR MONEY BACK (Free subscription) | 01/10/2008
The depth of the malaise facing the UK housing market was amplified by a research note by Dresdner Kleinwort. This follows the revelation that mortgage approvals from August this year were 98 per cent lower than at the same time the previous year. Dresdner has been researching the situation in the midlands and north of England, stating: "We believe quoted housebuilders could be forced to issue
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6.875%: LIBOR Tags All Time High
The Big Picture (Free subscription) | 30/09/2008
"The money markets have completely broken down, with no trading taking place at all. There is no market any more. Central banks are the only providers of cash to the market, no-one else is lending.'' -Christoph Rieger, a fixed- income strategist, Dresdner Kleinwort. > The London interbank offered rate reached an all time high yesterday on the failure of the bailout plan, and the market sell off. What...
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LIBOR Hits All-time High of 6.88%
Calculated Risk (Free subscription) | 30/09/2008
"The money markets have completely broken down, with no trading taking place at all. There is no market any more." Christoph Rieger, Dresdner Kleinwort in Frankfurt, Sept 30, 2008From Bloomberg: Libor Surges Most on Record After U.S. Congress Rejects Bailout The London interbank offered rate, or Libor, that banks charge each other for such loans climbed 431 basis points to an all-time high of
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Dresdner Kleinwort cuts Bank of Ireland, Allied Irish Banks
Market Watch (Free subscription) | 11/09/2008
LONDON (MarketWatch) -- Dresdner Kleinwort downgraded Bank of Ireland to sell from reduce and Allied Irish Banks to sell from hold on Thursday. "Greatly increased concerns over residential developer exposure have led us to raise out provisions forecasts and reduce our earnings estimates by 25% to 50%," the broker said. They added that both Bank of Ireland and Allied Irish Banks now look short on capital...
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German banking: The last laugh
The Economist (Free subscription) | 04/09/2008
Commerzbank’s purchase of Dresdner holds lessons for other dealmakers NOT so long ago, staff at Dresdner Kleinwort, the investment-banking arm of Dresdner, a German bank, used to refer to Commerzbank, a rival, as “Comedy bank”. No one is laughing now. On August 31st Allianz, an insurer, gave up the struggle to make anything of its 2001 purchase of Dresdner and sold the bank to Commerzbank for €9.8...
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What Now For Dresdner Kleinwort?
DealBook (Free subscription) | 03/09/2008
High-ranking bankers at Dresdner Kleinwort are said to be considering a management buyout of the London investment bank after Commerzbank agreed to buy its parent, Dresdner Bank, for 9.8 billion euros from Allianz ($14.2 billion), The Deal reported. Meanwhile, potential suitors are reportedly considering offers for part of the investment bank’s operations. On Monday, Dresdner’s new owner [...]
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