• The FTSE 100 was one of the worst-performing major indexes in Europe in September. However, UK investment bank, Barclays, in a research note, said stocks in the UK region were cheap and under owned. 
  • The UK market is “foreign exchange sensitive” and with the GBP likely to be choppier due to Brexit uncertainty, Barclays predicts the FTSE 100 will improve, which could create opportunities for investors.
  • Barclays outlines seven UK stock picks with catalysts in the fourth quarter and two stocks to sell.
  • “Our seven OW-rated stocks have an average upside to our PT of 26%; whilst our two UW-rated stocks have an average downside to our PT of -27%,” said Barclays’ equity analyst, Richard Taylor, in the note.
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  • Visit Business Insider’s homepage for more stories.

The FTSE 100, the UK stock index that tracks the biggest 100 companies

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By Chelsea Ntuli Time of article published4h ago

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Pretoria – Innovative business ideas by entrepreneurs that can have a positive impact on Mamelodi residents were awarded prizes that would allow them to continue to change lives in their communities.

As part of Ranyaka Community Transformation’s Proud of my town building business programme in Mamelodi, four winners were selected for identifying problems in their communities and coming up with solutions.

Ranyaka Community Transformation executive director and urban planner Maggie Tsotetsi said they were required to explain how they were going to generate money out of that concept.

The first prize winner was Given Maboela whose idea was to install affordable uncapped Wi-Fi access points to certain areas in the community.

He said his dream was to develop his very own internet service provider in rural areas especially in schools where they can have access

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Editor’s note: Seeking Alpha is proud to welcome Analystman as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more »

Thesis

I believe Delta Apparel, Inc. (DLA) will increase dramatically, with upside potential of $45+, due to imminent catalysts and the stock’s tremendous undervaluation. There are also many catalysts that I expect to drive an upward revaluation, most imminently DLA’s next earnings report (expected in November) which I project to be tremendously above consensus (one analyst) expectations. There has been the perfect storm of positive events that have occurred for DLA, yet the stock has barely reacted, and is near multi-year lows.

DLA is a high-growth technology and apparel company being undervalued by the market, because it is a small-cap in the apparel retail sector.

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Banks are the catalysts for reviving the economy, which has entered the ‘unlock’ phase amid the Covid-19 pandemic, according to Finance Minister Nirmala Sitharaman.

In this regard, she emphasised that Banks should address every expectation of their customers within the prudential norms.

Sitharaman asked public sector bank (PSB) chiefs to ensure that the economic revival is speedy and speedier.

She addressed PSB chiefs and Executive Directors at the inauguration of “PSB Alliance — Door Step Banking” service. The event was organised by the Indian Banks’ Association (IBA).

The Indian economy contracted by a massive 23.9 per cent in the first quarter of FY2021 as the pandemic hit it.

To mitigate the burden of debt servicing brought about by disruptions on account of the fall-out of the COVID-19 pandemic, the Reserve Bank of India (RBI) allowed Banks to offer a moratorium on term loans and defer of interest on working capital

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By Eimi Yamamitsu

TOKYO (Reuters) – The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while traders shifted their focus to the European Central Bank’s meeting on Thursday.

The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy’s recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.

In the immediate aftermath, the greenback rallied to its highest in a week at 93.242 against a basket of six major currencies on safe-haven buying, but later retraced its gains as U.S. stock indexes recovered.

“The jobs data which showed a decline in the unemployment rate, and a rise in U.S. Treasury yields, are supporting the dollar today,” said Masafumi Yamamito, chief currency strategist at Mizuho Securities.

“However,

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Overview

Headquartered in Dallas, TX, Hilltop Holdings (HTH) is a financial holding company built through a series of strategic acquisitions. Since 2005, when Gerald Ford invested in the business and joined the Board of Directors, HTH has been an aggressive acquirer, with five successful transactions.

The firm’s primary line of business is to provide traditional commercial and consumer banking services through PlainsCapital Bank and its wholly-owned subsidiary PrimeLending.

Also, HTH’s broker-dealer subsidiaries (Hilltop Securities Inc. and Hilltop Securities Independent Network Inc.) provide a full complement of securities brokerage, institutional, and investment banking services, as well as, clearing services and retail financial advisory.

On June 30, 2020, HTH divested its insurance segment, National Lloyds Corporation, for cash proceeds of $154.1 million.

HTH distributes an annual dividend of $0.36 per share, which equates to a yield of 1.7%.

Recent Results

In late July, HTH issued a strong performance update, outperforming all expectations.

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