World must brace for oil beyond $150 Jul 5, 2008
"The longer it stays at this level or the higher it goes, the more pain it is going to cause in lots of different industries," said Colin Morton at Rensburg Fund Management. Even oil companies say their gains have been muted. (Yahoo News -- Top Stories)
Crude oil tops $145 on supply concerns Jul 4, 2008
"No one really knows the answer," said Colin Morton of Rensburg Fund Management of Britain, referring to the Brent's latest run. "It seems to be about momentum now. It's going up because it is going up.". (International Herald Tribune)
NYSE taking stake in Qatari stock market Jun 24, 2008
"There is no doubt that in the medium to long term, the Middle Eastern markets will grow faster than the West, and the idea to buy into it is a good one, but it also has to make economical sense," said Colin Morton, a fund manager at Rensburg Fund Management in Leeds, England. Stock markets around the world are combining or buying stakes in each other to meet clients' demands to trade company shares anywhere and at a faster pace. (International Herald Tribune -- Business)
Barclays writes off £1.7 billion as net slides May 15, 2008
Colin Morton, a manager at Rensburg Fund Management in Leeds, England, said, "Reading between the lines, it seems like Barclays will have to raise some capital. The likelihood is they will approach large shareholders who already have stakes but they may have to come to market.". Barclays, which wrote down 2. (International Herald Tribune -- Business)
Rights issue could cost Goodwin his job as RBS chief Apr 19, 2008
"It does feel like he's walking a tightrope," said fund manager Colin Morton at Rensburg Fund Management, whose company has a stake of less than 1 percent in RBS.. "Goodwin did put the company into a position like this, when, if something unforeseen did happen, there was no safety net," he said. (International Herald Tribune)
Pressure from the Kremlin may push BP to cede control of Russian oil venture Apr 5, 2008
"We are all worried there is going to be some political maneuvering in order to relieve BP of the stake," said Colin Morton, a fund manager at Rensburg Fund Management, who holds BP shares. BP's stock, after initially holding up despite the investigations, has been weakening, and has underperformed the DJ Stoxx European oil sector index by 2 percent since the raid on TNK-BP's offices in Moscow on March 19. (International Herald Tribune)
Oil eases back from record as inventories gain Feb 28, 2008
In this climate, therefore, people tend to buy real assets like oil and gold,'' said Colin Morton, investment director at Rensburg Fund Managers. Commodities markets pushed higher on Wednesday, with gold hitting a record high. (Sydney Morning Herald -- Business)
Dollar, oil relationship set to cool Feb 28, 2008
You could see a move back to stocks and shares, said Colin Morton at British fund manager Rensburg, which manages $1. 5 billion in assets. (San Diego Union-Tribune -- Business)
Royal Bank of Scotland writes down £1.5 billion worth of assets Dec 7, 2007
"People were expecting 2 billion or even 2.5 billion," said Colin Morton of Rensburg Fund Management. "It is as upbeat as you could ever expect it to be.". (International Herald Tribune -- Business Asia)
Deadline approaches for Northern Rock bidders Nov 16, 2007
"The longer it goes on without a formal offer, the more people will think that there is no real value involved," said Colin Morton, a fund manager at Rensburg Fund Management in Britain. Today in Business. (International Herald Tribune)
HSBC's mortgage losses are spreading Nov 15, 2007
"The U.S. business is finding it pretty tough at the moment, and the outlook is downbeat, but they were able to offset the bad news from the U.S. with good news from the rest of the world and tell an overall reasonably positive story," said Colin Morton, a fund manager at Rensburg Fund Management in Britain. HSBC was the first of the world's biggest banks to take losses on U.S. mortgages when it reported on March 5 that second-half earnings at its American unit had dropped 87 percent. (International Herald Tribune -- Business)
Some British banks lose shareholders' confidence Nov 13, 2007
But silence has been part of the problem, said Colin Morton at Rensburg Sheppards in Leeds, England. Investors are in the dark because British banks report earnings twice a year, rather than quarterly as in the United States, Germany, France and Switzerland. (International Herald Tribune)
Barclays, Royal Bank Losing Investor Confidence as Europe's Cheapest Banks Nov 12, 2007
Silence is part of the problem, said Colin Morton, who helps oversee $27 billion at Rensburg Sheppards Plc in Leeds, northern England. Investors are in the dark because U.K. banks report earnings twice a year, rather than quarterly as in the U.S., Germany, France and Switzerland. (Bloomberg -- UK)
Resolution, the British insurer, may be near a peak, analysts say Oct 25, 2007
"I've been selling," said Colin Morton, a manager at Rensburg Sheppards in Leeds, England. "I cannot see how anyone would pay more than 725 pence to 750 a share.". (International Herald Tribune)
Billionaires Branson, Wilbur Ross Team Up to Bid for U.K.'s Northern Rock Oct 13, 2007
On the face of it, it doesn't look like a great deal,'' said Colin Morton, a Leeds, England-based fund manager at Rensburg Sheppards. The market is obviously hoping that someone will come in with something better,'' said Morton, who helps manage about $1. (Bloomberg -- UK)
Group led by Royal Bank of Scotland wins control of ABN AMRO Oct 9, 2007
"The pressure is on these guys," said Colin Morton, a fund manager at Rensburg Sheppards in Leeds, England. "They've got it, they wanted it, they paid a big price for it. The market will be looking over the next 12 to 18 months for them to deliver on the deal.". (International Herald Tribune)
Odds increase of Northern Rock sell-off Sep 20, 2007
Colin Morton at Rensburg Fund Management, who sold his stake in the bank on Friday, said: "There is still risk. This is a company that needs a lot of funding in the wholesale market.". He added that the housing market looked as if it was slowing. (Guardian Unlimited)
Northern Rock, U.K. Home Lender, Gets Emergency Funds From Bank of England Sep 16, 2007
It leaves Northern Rock desperately hoping that something comes along to restore confidence,'' said Colin Morton, who helps manage 14. 4 billion pounds including Northern Rock shares at Rensburg Sheppards Plc in Leeds. (Bloomberg -- UK)
HSBC Depends on Profits From Insurance as Losses From Subprime Loans Climb Sep 14, 2007
Insurance is a growth strategy, but there's also an element of defense,'' said Colin Morton, who helps manage 14. 4 billion pounds ($29. (Bloomberg -- UK)
Barclays in tie-up with China Jul 30, 2007
Colin Morton, an analyst at Rensburg Fund Management, which holds both Barclays and RBS shares, said: "Royal Bank of Scotland is still the favourite, but the odds are a little bit different to what they were on Friday. You would think people would take the cash and run, unless Barclays can convince people how much benefit they can get out of it if they stick around.". Mr Varley said it would take time for the implications of the deal to sink in with ABN's shareholders. (Guardian Unlimited -- Education)
Bank of America, ABN deal halted May 4, 2007
"It is much more likely that Royal Bank will win the day," said Colin Morton, a UK-based fund manager at Rensburg Sheppards who helps manage $1. 8 billion and owns Barclays and Royal Bank stock. (Boston Globe)
Market reaction: Reuters bid approach sets media stocks on fire May 4, 2007
People are putting two and two together, said Colin Morton, fund manager at Rensburg Fund Management, who owns Reuters shares. Earlier Reuters shares rose on market speculation of a 600-pence-a-share bid from Canada's Thomson Corp or Rupert Murdoch's News Corp.. (Globe and Mail -- Business)
European investors show doubts over deals Apr 24, 2007
"Barclays looks to have paid a lot for ABN AMRO," said Colin Morton at Rensburg Sheppards in Leeds, England. "It's at the top end of what people thought they would pay.". (International Herald Tribune -- Business Asia)
BP Q4 oil and gas output falls Jan 10, 2007
"BP has gotten into the habit of disappointing rather than surprising on the upside," said Colin Morton, fund manager at Rensburg Fund Management, which holds BP stock. The result represents the London-based company's sixth quarter of falling output, and puts production for all of 2006 at around 3. (Scotsman)
