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Wednesday 23 April 2014
OMNICOM, the world’s second largest advertising agency, said yesterday it is unable to predict when its $35.1bn (£20.8bn) merger with Publicis Groupe would close, raising concerns that the deal might not go through.
Wednesday 23 April 2014
THE VINCE Cable show is back on the road. The business secretary is up to his old tricks again, waging war on business.
Wednesday 23 April 2014
FINANCIAL TIMES
Wednesday 23 April 2014
THE FINANCIAL Conduct Authority (FCA) is facing calls to investigate after a critical blog post wiped £900m from the value of one of the UK’s fastest-growing public firms.
Wednesday 23 April 2014
BUSINESS secretary Vince Cable has penned a warning letter to the renumeration committees of all FTSE 100 companies, telling them to bring pay in line with performance or risk even tougher rules.
Wednesday 23 April 2014
Q I want to know what’s going on at AstraZeneca – can’t someone make the company tell us?
Wednesday 23 April 2014
FTSE 100 drug giant GlaxoSmithKline (GSK) yesterday unveiled a complex string of asset deals with Swiss rival Novartis in a move set to deliver a £4bn windfall for shareholders.
Wednesday 23 April 2014
SAVVAS NEOPHYTOU | PANMURE GORDON
Wednesday 23 April 2014
FOR the last few years, big pharma firms have been on the back foot.
Wednesday 23 April 2014
RBS is reducing contractors’ pay by 10 per cent from the end of this month as its cost-cutting programme gets underway, City A.M. has learned.
Wednesday 23 April 2014
BARCLAYS is shutting down most of its commodities trading business after new regulations made it harder to make money in the sector, the bank said yesterday.
Wednesday 23 April 2014
BUOYANT equity markets and rising fee incomes boosted BNY Mellon’s profits in the first quarter, the US custodian bank reported yesterday.
Wednesday 23 April 2014
FINANCIAL firms are launching twice as many new products as they did during the depths of the debt crisis, with the number of freshly trademarked products heading back towards record levels.
Wednesday 23 April 2014
CARD Factory boss Richard Hayes said yesterday that it hopes to emulate the success of other value retailers such as Poundland after announcing plans for float that could value the group at around £700m.
Wednesday 23 April 2014
ONE of the biggest names in retail stockbroking has described the dearth of new floats open to retail investors as “deplorable”.
Wednesday 23 April 2014
CONSUMER confidence in the euro area is at its highest level in six and a half years, following the region’s return to modest growth after a protracted double dip recession.
Wednesday 23 April 2014
BANKS increased lending to businesses in February, Bank of England figures showed yesterday, in an early hint that loan levels could at last be recovering.
Wednesday 23 April 2014
SHARES in IGas jumped over 11 per cent yesterday, after the government indicated that energy companies would be able to explore for shale gas without permission from private landowners.
Wednesday 23 April 2014
Ukip’s leader Nigel Farage is predicting a political “earthquake” if his party does well in the European elections next month.
Wednesday 23 April 2014
IN A recent interview, Facebook boss Mark Zuckerberg revealed that a major plank of the company’s growth strategy is to diversify its offering into many smartphone apps.
Wednesday 23 April 2014
FTSE 100 listed finance group Old Mutual, home of top investor Richard Buxton, has upped its stake in online fashion retailer Boohoo, helping it become one of the firm’s biggest institutional shareholders.
Wednesday 23 April 2014
THE LONDON Stock Exchange has picked EY as its new auditor, becoming the latest blue-chip company to shake up its accounting relationship.
Wednesday 23 April 2014
GOLDMAN Sachs, one of the banks that advised on the recent £1.23bn flotation of Pets at Home, initiated research on the company yesterday with a target price for the stock of 242p – or 3p below the 245p flotation price.
Wednesday 23 April 2014
AT&T last night reported a strong first quarter, with its best revenue growth in more than two years. America’s second largest telecoms company said last night that its results had been boosted by increased sales of wireless plans.
Wednesday 23 April 2014
BROADCAST network Comcast has posted healthy first-quarter results, helped by advertising revenue income from the NBC network.
Wednesday 23 April 2014
A FRAGILE peace deal, agreed between Russia and Ukraine last Thursday, looks to be unravelling after reports that two pro-Ukrainian supporters, one a politician, were tortured and killed emerged yesterday.
Wednesday 23 April 2014
HARLEY-DAVIDSON posted a stronger-than-expected quarterly profit yesterday, lifted by strong sales growth outside its core North American market, sending its shares more than seven per cent higher.
Wednesday 23 April 2014
TESCO yesterday launched a fresh round of price cuts and slashed its online shopping charges as it steps up its efforts to stop customers defecting to its discount rivals.
Wednesday 23 April 2014
KFC parent company Yum Brands last night posted healthy first quarter results, largely in line with analyst expectations.
Wednesday 23 April 2014
MCDONALD’S has suffered another sluggish quarter of sales in its key US market, dragging group profits down, as the fast-food giant struggled with fierce competition, weak consumer spending and a cold winter.
Wednesday 23 April 2014
United Technologies reported a higher-than-expected quarterly profit yesterday, helped by revenue growth across its aerospace and commercial building segments and strong sales in China.
Wednesday 23 April 2014
Shopping centre owner Intu said yesterday that it had completed its rights issue, raising around £488m. Investors initially took up 99 per cent of the shares but Intu subsequently found subscribers for the remaining 2.7m shares.
Wednesday 23 April 2014
Lockheed Martin, the Pentagon's largest supplier, yesterday reported a 23 per cent jump in operating profit and earnings per share in the first quarter, and raised its earnings per share outlook for the full year.
Wednesday 23 April 2014
TELECOMS group Colt will withdraw around 85 per cent of its voice contracts – or calls from mobile operators that it carries on its network – over the next few months as part of a review of the business.
Wednesday 23 April 2014
CONNECT Group, the London-listed newspaper and magazine wholesaler that is today rebranding from Smiths News, has secured an agreement with Frontline and Seymour worth £215m a year until 2020.
Wednesday 23 April 2014
CHINA’S currency traded at the lowest level against the dollar in more than a year yesterday, as the People’s Bank of China (PBOC) intervened to ease reserve rules for the country’s rural lenders.
Wednesday 23 April 2014
RUSSIAN precious metals miner Polymetal said yesterday that it has no plans to move its listing from London to Moscow, as it unveiled a 34 per cent surge in gold output in the first quarter.
Wednesday 23 April 2014
SOUTH America-focused oil and gas explorer Amerisur Resources yesterday reported a 301 per cent rise in full-year revenue, boosted by higher production from its flagship Platanillo field in Colombia.
Wednesday 23 April 2014
THE CHIEF executive of Qinetiq yesterday said he would consider “strategic acquisitions” both in the UK and overseas, as the British defence technology firm announced the long-awaited sale of its struggling US services division.
Wednesday 23 April 2014
BOEING has agreed to supply Chinese carrier Shandong Airlines with new planes.
Wednesday 23 April 2014
Aim-listed oil and gas explorer Dragon Oil yesterday said it expects the pace of drilling to pick up considerably, as it unveiled a 0.7 per cent rise in production in the first quarter.
Wednesday 23 April 2014
Kurdistan-focused oil explorer Genel Energy, which has former BP boss Tony Hayward as its chief executive, yesterday said production jumped 35 per cent in the first quarter and that it remains on track to meet full-year production and revenue guid
Wednesday 23 April 2014
Shares in Aim-listed Russian oil explorer Petroneft surged yesterday, after its largest shareholder Natlata indicated that it may support a recently-agreed farm-out agreement with Oil India.
Wednesday 23 April 2014
HSBC Private Bank
Wednesday 23 April 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Wednesday 23 April 2014
CORPORATE activity in the pharmaceutical sector yesterday pushed Britain’s benchmark stock index to a two-week high and to within sight of a peak for the year so far.
Wednesday 23 April 2014
US stocks rose yesterday as a host of solid earnings reports, along with strength in the healthcare sector, helped lift the S&P 500 and Nasdaq to their sixth straight advance.
Tuesday 22 April 2014
What employs 100,000 people around the country, has sales of £1.6bn and is stocked by one in six retailers around the country? No, not booze, it’s greeting cards.
Tuesday 22 April 2014
The European Central Bank (ECB) has repeatedly insisted that it does not see deflation as likely for the Eurozone - but new research indicates that falling consumer prices are already a reality for almost a quarter of items in the basket used by t
Tuesday 22 April 2014
Investor appetite for risk is set to keep rising throughout 2014 after helping to push deal volumes in the European property market to a five-year high last year, according M&G Real Estate.

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