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Andrew Miller

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Keep a cool head despite the crisis

SEPTEMBER was a terrible month for the financial markets and October has so far proved no better. There will be more bad news as the credit crunch claims more victims and pushes global demand down at least another notch. Read

Still plenty opportunities

THE past few weeks will undoubtedly live long in the memory of many investors. But while shareholders and the media alike remain fixated on the current difficulties in the US it is worth remembering that some blue-chip names are still performing robustly. Read

The days of the $2 pound now a fond memory

FOR most of the past year, America effectively put itself on half-price sale. With sterling at around $2 for much of 2007 and 2008, US holidays and consumer goods felt like a bargain. Read

Inflation is still concern for investors

DESPITE hopes that slower economic growth would lead to reduced price pressures in the world’s major economies, inflation remains a significant concern for investors. Read

Oil may fall further, if global demand slows

OIL prices soared in the first half of the year, reaching a peak of $145 a barrel at the start of July, causing misery for motorists and road hauliers, to name but two. Read

Andrew Miller, regional head of Barclays Wealth

Should investors buy into retail shares?

THE European general retail sector has fallen by about 25% so far this year. But does this sharp decline in price make retail shares a good buy? We think that there are a variety of reasons to remain wary. Read

Equities are still a good bet

UK economic news over the last week has been bad. Consumer prices are now increasing at an annual rate of 3.8%, almost double the Bank of England’s 2% target. Read

Tide is turning for Spain after decade in sun

FOR most of the past decade, Spain was one of Europe’s star performers, fuelled by a booming housing market – as any visitor to the Spanish coast will have seen from the abundance of cranes and construction sites. Read

BAE Systems will continue flying high

BAE Systems – We are retaining our buy recommendation and increase to 525p our fair value estimate for BAE Systems (BAE). After a better-than-expected 2007 performance and factoring in acquisitions, plus contract wins, consensus estimates have moved up. So our fair value estimate can increase and remains based on 2008 forecasts and a 15% European sector premium. Read

Few signs of investors capitulating

FOR most of the past year, riskier assets have been under pressure, as the US sub-prime crisis and toxic financial over-engineering sent shock waves through markets. Read

Some positive surprises

OVER the past few months, there has been a shift in economic data. Rather than one disappointment after another, we have seen more balanced news flow. More of the news from the US has been in line with expectations, and there have even been some positive data surprises. Read

Some areas worth a look

RECENT turmoil in the financials sector has left many investors understandably wary of banking shares, although we would argue that these are now keenly priced. Read

Infrastructure predicted to boom in years ahead

SOMETIMES it pays to ignore short-term volatility and focus on the long term. When markets seem to be sound-tracked by The Flight of the Bumblebee, it is worth taking a step back, setting aside sub-prime, credit crunches and structured investment vehicles Read

The opportunities are there for investors who savour risk

RECENT news from the financial markets has spooked investors. The rescue of the US investment bank, Bear Stearns, has been followed by further market volatility and sharp dips in share prices, most notably in the financials sector. Read

Budget airline an option

WHO’D run an airline? It has been a tough decade for the global aviation industry. Read

Right now, UK Government bond market is favoured

SINCE the start of the year, the UK government bond market has reacted in a broadly predictable fashion to day-to-day news flow. Yields soared in the second half of January as equity markets tumbled, but recovered again in early February. Read

Rewards outweigh the risks

AS we wrote a couple of weeks ago, it’s been a mixed Christmas for the high street. It’s also been a distinctly mixed Christmas for Sir Stuart Rose, chairman of Marks & Spencer. Read

Andrew Miller column

Analysts covering the UK supermarkets sector can be forgiven for looking tired at the moment. Read

Andrew Miller column

Whatever your view on the global warming debate, it seems certain the coming years will see significant growth in demand for power from nations such as China and India as industrialisation continues apace while standards of living rise. Read

Andrew Miller column

Last week, economic news from the US was more or less relentlessly positive - and the markets hated it. The US trade deficit was reported down, unemployment is falling and manufacturing is solid. Read

Author Profile

Andrew Miller is regional office head of Barclays Wealth and formerly worked for Gerard Investments. He writes regular opinion pieces in The Journal where he analyses the North Eastýs listed companies.