News

COMMENT

Thursday 23 October 2014
LEADING property company Development Securities yesterday posted a decline in pre-tax profit for the half year to the end of August, after its was hit by exceptional costs.
Thursday 23 October 2014
CONTRACTOR Galliford Try yesterday announced it had been appointed to construct two building projects, totalling £77m, including the construction of council offices for Northampton­shire County Council.
Dave Lewis'
Thursday 23 October 2014
It's day 53 for Dave Lewis as chief executive of Tesco. Ordinarily, that might be a time for a new boss to pause for breath, but the fire­fighting engulfing him since his arrival looks like the first act of a much longer-term drama.
Thursday 23 October 2014
PRIVATE equity group CVC Capital Partners yesterday snapped up Finnish insulation group Paroc, in a €700m (£551.5m) deal. CVC beat off a host of other bidders in the hotly contested auction, which was handled by advisers from Lazard.
Thursday 23 October 2014
EUROPEAN Union renewable energy targets will cripple UK businesses and hit household finances significantly, says a report released today.
Thursday 23 October 2014
GERMAN fiscal stimulus would have a minimal impact on Eurozone growth, ratings agency Standard and Poors (S&P) have said.
Thursday 23 October 2014
TAXPAYER-financed student loans should be replaced by an agreement whereby graduates pay their univer­sity a proportion of their future earnings to fund their studies.
Thursday 23 October 2014
UK CAR manufacturers accelerated to their strongest first nine months of a year since 2008, data published this morning has shown.
Thursday 23 October 2014
GOLD mining company Petropavlovsk may have to sell more assets in a bid to cut costs, the company’s chairman Peter Hambro said yesterday.
Thursday 23 October 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Thursday 23 October 2014
BRITAIN’S top share index yesterday ended higher, with motor insurers advancing on news of an increase in car premiums and drugmaker Glaxo­Smith­Kline rising after its results.
Thursday 23 October 2014
US STOCKS erased earlier gains yesterday to close lower as a shooting at the Canadian parliament unnerved investors, Boeing and Biogen Idec sold off following results and energy company shares fell along with oil prices.
GSK
Wednesday 22 October 2014
ViiV Healthcare could generate one of the biggest IPOs in history, if GSK decides to go ahead and make it a spin-off company.  
Euan Sutherland
Wednesday 22 October 2014
Euan Sutherland is being given a golden handshake of almost 200,000 shares by SuperGroup, following his appointment to the role of chief executive earlier today.   
Lloyds
Wednesday 22 October 2014
Lloyds Banking Group is set to cut 9,000 jobs over the next three years, amounting to a loss of over ten per cent of its workforce.   
X and Y chromosomes
Wednesday 22 October 2014
In Europe, the average life expectancy of women is 7.5 years longer than of men, but the reason for this difference remains unknown.   
NFL
Wednesday 22 October 2014
Chancellor George Osborne has given his support to the idea of an American Football team in the capital, arguing it would be a “huge boost to London”.  
Wednesday 22 October 2014
The saga surrounding Raheem Sterling’s fatigue continues to rumble on.  
Job Interview
Wednesday 22 October 2014
You've finally found the perfect candidate for a job you're trying to fill – they have an excellent degree, lots of experience in the right professional area, and a personality that fits into your organisation.  
Marijuana
Wednesday 22 October 2014
The deep web black marketplace Silk Road, which was shut down last year, prevented violence associated with the illegal drug trade and represented a breakthrough in criminal innovation.
Mark Zuckerberg
Wednesday 22 October 2014
Facebook’s corporate tax bill for 2013 came in at just £3,169 last year, according to its latest accounts.
Tesco signage
Wednesday 22 October 2014
Tesco’s share price opened slightly higher this morning but then dipped 1.3 per cent after a two day rally.
British Airways plane
Wednesday 22 October 2014
Foodies and music fans will enjoy British Airways' latest efforts to make the experience of flying a little less painful.
ECB
Wednesday 22 October 2014
The European Banking Authority (EBA) is due to publish the results of its stress test on European banks on Sunday, but ahead of the official announcement a Spanish news agency has reported that 11 of the 123 banks tested have failed.
Euro migration
Wednesday 22 October 2014
When outgoing European Commission president José Manuel Barroso accused David Cameron of potentially making a “historic mistake” with plans to call a referendum on the UK's membership of the European Union, he may have had a point.
Total
Wednesday 22 October 2014
Total has appointed Patrick Pouyanné as its new chief executive and Thierry Desmarest as chairman, following the death of Christophe de Margerie who had held both roles.  
Ebola lab
Wednesday 22 October 2014
US drug giant Johnson & Johnson will begin human trials of its Ebola vaccine in January, it said today.
Wednesday 22 October 2014
Uber is set to make its presence felt in the North of England with a planned launch in Leeds: the taxi app has filed an application with Leeds City Council to become a private hire operator.
Tesco bags
Wednesday 22 October 2014
When Tesco publishes its first-half results tomorrow, including an update on its investigation into an expected £250m profit black hole, all eyes will be on the numbers.
Bank of England
Wednesday 22 October 2014
Minutes of September's meeting of the Bank of England's monetary policy committee (MPC) show its members have become more pessimistic about the chances of raising interest rates early, as the impact of wobbles in China and the eurozone began to be
HSBC bank
Wednesday 22 October 2014
HSBC is one of two banks chastised by the government's new competition watchdog over the way it sells loans to small businesses.
euan Sutherland
Wednesday 22 October 2014
The former boss of The Co-operative Group, who jumped ship from the troubled company he once called "ungovernable" in March after only 10 months in charge, has been named the new chief executive of Supergroup.
Wednesday 22 October 2014
Shares in the owner of DIY retailer Homebase fell 3.8 percent in early trading this morning, after it announced plans to close 25 per cent of its 323 stores by 2018.
BAT
Wednesday 22 October 2014
British American Tobacco (BAT) is one the biggest fallers on the FTSE 100 this morning dipping by 4.5 per cent. 
Wednesday 22 October 2014
Labour MP Diane Abbott has urged shadow chancellor Ed Balls to rethink his so-called mansion tax policy, warning that the “tax on London” will fail to raise enough to support the NHS as promised.
Wednesday 22 October 2014
Billionaire investor Warren Buffett lost $1bn yesterday after shares in his second biggest investment Coca-Cola crashed to a six-year low, capping a torrid week for the 84-year old after similar misfortunes with IBM and Tesco.
Wednesday 22 October 2014
THE GOVERNMENT borrowed £11.8bn in September – £1.6bn more than the same month last year.
Wednesday 22 October 2014
EXCESSIVE regulations risk squeezing growth out of the global economy, HSBC’s chairman Douglas Flint told a House of Lords committee yesterday.
Wednesday 22 October 2014
MICROSOFT just revealed how much it is paying its new chief executive, Satya Nadella. All told for the first year, it’s a $84m (£52m) package.
Wednesday 22 October 2014
Bailed-out bank RBS is almost ready to be privatised, but the risk of major fines is stopping a large scale share sale, UK Financial Investments’ (UKFI) bosses told MPs yesterday.
Wednesday 22 October 2014
THREE banks were yesterday fined after traders tried to manipulate Swiss franc derivatives and Libor, the European Commission announced. It is not thought that any cust­omers were actually harmed by the attempts to rig the market.
Wednesday 22 October 2014
MANUFACTURING output in the UK is now higher than it was in the late 1970s, according to the Office for National Statistics (ONS), scotching perceptions that Britain has lost its manufacturing prowess.
Wednesday 22 October 2014
TESCO emerged as the biggest loser in the grocery sector over the past three months, despite sales showing signs of recovery, as the supermarket price war and fierce competition continued to take its toll on the troubled retailer.
Wednesday 22 October 2014
THE UK food industry’s troubles were laid bare today after a report revealed the sector had suffered the sharpest rise in financial distress compared with other UK industries.
Wednesday 22 October 2014
THE EUROPEAN Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin purchases early next year, several sources familiar with the situation have told Reuters.
Wednesday 22 October 2014
EUROPE’S biggest banks will pay a disproportionately large amount towards the new fund designed to cover the costs of any future bank collapse and resolution, Brussels said yesterday.
Wednesday 22 October 2014
The number of permanent hirings by British companies carried out through recruitment firms rose at the slowest pace in 10 months in September – and growth in starting salaries also weakened, a survey from the Recruitment and Employment Confederati
Wednesday 22 October 2014
THE UK hotel and restaurant group Whitbread, owner of Costa and Premier Inn, announced yesterday that it was expanding into Germany after a successful first half of 2014.
Wednesday 22 October 2014
CARPETRIGHT founder and chairman Lord Harris announced yesterday he would be stepping down – and this time for good – after naming Mitchells & Butlers boss Bob Ivell as his successor.

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