News

COMMENT

Tesco
Tuesday 30 September 2014
Tesco share price fell again today – though far less than in recent days – after it emerged the embattled supermarket had sought a £2.5bn banking facility to prop it up against any impact from credit ratings downgradings.   
Draghi
Tuesday 30 September 2014
Eurozone inflation has dropped again, falling from a sluggish 0.4 per cent to 0.3 per cent. Expectations of the fall pushed the Euro to a two-year low of $1.2659 against the dollar in morning trading.
GP surgery
Tuesday 30 September 2014
Everyone in England will have access to a GP seven days a week by the year 2020, Prime Minister David Cameron will announce today  
Union Jack in front of Big Ben
Tuesday 30 September 2014
The UK is recovering faster than thought, official figures released today suggested - the Office for National Statistics said GDP rose 0.9 per cent during the second quarter, up from the previous estimate of 0.8 per cent.
Nationwide hpi
Tuesday 30 September 2014
UK house prices have dropped for the first time in 17 months, dipping 0.2 per cent between August and September. In price terms, this means a drop of £931 for the average residential property, from £189,306 to £188,374.
Euromoney
Tuesday 30 September 2014
Shares in Euromoney rose 0.5 per cent to £10.30 this morning, as investors showed resilience to a £5m fall in year-on-year profits.  
Wolseley PLC
Tuesday 30 September 2014
Wolseley shares rose 1.2 per cent in early trading after it posted a 52 per cent rise in pre-tax profit for the year.  
Saga cruise
Tuesday 30 September 2014
Shares in Saga opened 0.2 per cent higher this morning, after its finance director announced plans to step down. Stuart Howard said he will leave the company by next year, to be replaced by current Bovis CFO Jonathan Hill.
RBS
Tuesday 30 September 2014
Shares in Royal Bank of Scotland (RBS) opened four per cent higher as it told investors it expects impairment charges to be "significantly" lower than originally expected in 2014.
iPhone 6
Tuesday 30 September 2014
Apple has been granted approval to sell the iPhone 6 and iPhone 6 Plus in China, 11 days after units began flying off the shelves in the UK and US.  
Next
Tuesday 30 September 2014
Next shares opened four per cent lower as the retailer warned it could be forced to lower profit guidance if the "unusually warm" September weather continues.
Tuesday 30 September 2014
Boris Johnson will today launch a valiant defence of London’s dominant position in the UK, telling the Conservative party conference that the capital’s success is crucial for British economic growth.
Tuesday 30 September 2014
Finance family heir Nat Rothschild branched out into the tech scene yesterday, putting the finishing touches to his new black cab sharing app Maaxi at Millwall’s New Den ground.
Nat Rothschild
Tuesday 30 September 2014
Financier Nathaniel Rothschild is to go up against controversial travel app Uber, launching a new ride-share application called Maaxi, which will facilitate cheaper black cab rides by grouping customers travelling to the same destination. 
John Redwood
Tuesday 30 September 2014
Business groups hit back yesterday after Conservative MP John Redwood appeared to threaten company bosses who publicly voice support for Britain’s membership of the EU.
Tuesday 30 September 2014
THE EU’s top finance regulator Michel Barnier yesterday tried to win over London’s traders during a speech in the square mile, insisting he does not want to harm the City.
Tuesday 30 September 2014
LLOYDS fired eight staff yesterday for trying to fiddle key Libor and repo interest rates between 2006 and 2009, after the bank was fined £226m in June over the wrongdoing.
Tuesday 30 September 2014
ARGENTINA has been held in contempt of court by a US judge after the country ignored a ruling ordering it to pay the bondholders who had refused to take part in the state’s debt restructuring.
Tuesday 30 September 2014
BRITAIN and Germany are set to become the first governments to pull their support from banks, shifting the cost of any future collapse from the taxpayer and on to investors, Standard and Poors said yesterday.
Tuesday 30 September 2014
Demonstrators thronged outside the Legislative Council in Hong Kong yesterday as the protest against the Chinese for free elections continued.
Tuesday 30 September 2014
SHAREHOLDERS are angry and concerned over the latest trading update from beleaguered construction firm Balfour Beatty.
Tuesday 30 September 2014
CONFIDENCE in the Eurozone fell for the fourth consecutive month in September, adding to the growing body of evidence that the currency union is edging toward recession.
Tuesday 30 September 2014
Tidjane Thiam, Prudential chief executive, has been nominated to join the board of Rupert Murdoch’s 21st Century Fox (whose upcoming movie Gone Girl, pictured, featuring Ben Affleck, has received rave reviews).
Tuesday 30 September 2014
MORRISONS’ former treasurer and head of tax has been charged with insider dealing ahead of the retailer’s £216m tie-up with Ocado last year.
Tuesday 30 September 2014
BRITAIN’S struggling supermarkets continued their bad run as the worst performing stocks of the year through September, falling by as much as 20 per cent across the month.
Tuesday 30 September 2014
GERMAN discounter Aldi said yesterday that the supermarket price war was helping to drive more customers into its shops as it reported a 65 per cent jump in full-year profits.
Tuesday 30 September 2014
LENDING in the UK economy contracted slightly in August as the number of mortgage approvals declined.
Tuesday 30 September 2014
THE RECOVERY in British consumer confidence has slowed down, GfK’s monthly survey showed yesterday, despite strong economic growth. Analysts believe poor wage growth and sustained inflation are to blame.
Tuesday 30 September 2014
Immigrants from Europe are not undercutting the wages of young people in the UK, but may actually be increasing their chances of getting a job, according to a report released today.
Tuesday 30 September 2014
Wealth manager St James’s Place (SJP) dealt another blow to under-siege US asset manager Pimco yesterday by firing it as manager of its £944m investment fund.
Tuesday 30 September 2014
ABERDEEN Asset Management yesterday said customers pulled less cash from its funds over the summer, signalling the pullback from its key fund classes is slowing.
Tuesday 30 September 2014
FRENCH energy firm Spie yesterday said it aimed to raise as much as €1.2bn in its forthcoming stock market debut to value it at €2.75bn.
Tuesday 30 September 2014
FAN maker Volution Group yesterday named Canaccord Genuity and Liberum Capital as house brokers.
Tuesday 30 September 2014
FORMER RBS finance boss Nathan Bostock will lead Santander UK into its stock market flotation after he was yesterday appointed as chief executive on a permanent basis.
Tuesday 30 September 2014
The average cost of trading fees on the London Metal Exchange (LME) will rise by 34 per cent from next year, as its new Hong Kong-based owners look to raise more profit following a $2.2bn (£1.4bn) takeover two years ago.
Velocys website
Tuesday 30 September 2014
Fuel refinery firm Velocys yesterday raised £52m from new and existing shareholders in a share placing designed to shore up the firm’s balance sheet and propel it to future growth.  
Tuesday 30 September 2014
HERB Hribar, chief executive of Irish telecom company eircom, is stepping down from his position, it was announced yesterday.
Tuesday 30 September 2014
EMBATTLED insurance outsourcer Quindell is baffled by another decline in its share price, it announced in a statement to the stock market yesterday, after shares fell 13 per cent last week.
Tuesday 30 September 2014
SSE will report around £700m of investment in its energy assets during the six months to September 2014 when it publishes its half-year results in November.
Tuesday 30 September 2014
BP and Shell have confirmed that they are both in the running to renew contracts for major oil deals in the Persian Gulf.
Tuesday 30 September 2014
BAE Systems has warned that trading disruption is likely in the last quarter of 2014, because of government spending limits. A financial resolution will keep the federal government running at fiscal year 2014 spending levels.
Tuesday 30 September 2014
WHOLESALE fibre operator CityFibre reported a 45.6 per cent jump in revenues during the first half of the year as it secured a number of new long-term public sector contracts for use of its network.
Tuesday 30 September 2014
Sky’s former director of content, Sophie Turner Laing, is in line to score the top job at the merged Endemol, Shine and Core Media group, if the deal to create world’s largest independent television production group is signed off by owners 21st Ce
Tuesday 30 September 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Hong Kong protests
Tuesday 30 September 2014
Britain's top share index ended flat yesterday as unrest in Hong Kong kept a lid on Asia-exposed stocks and concern over demand for metals hit miners.
Tuesday 30 September 2014
US stocks ended lower yesterday following protests in Hong Kong that added to worries about Chinese growth and after a disappointing forecast from Ford. The S&P consumer discretionary sector, down 0.6 per cent, had the most losses.
Man with petrol pump next to car
Monday 29 September 2014
Supermarkets clearly love the smell of diesel in the morning. Forget Brand Match promotions, in the latest battle between supermarkets in the long-waged war over low prices, the front of the petrol pumps re-opened.
Zalando logo on shopping bag
Monday 29 September 2014
German online retailer Zalando has announced the pricing of its shares at the upper end of expectations- €21.50 (£16.79)- kicking off a bumper week for the German technology market.
Mark Zuckerberg
Monday 29 September 2014
Mark Zuckerberg is now richer than Amazon founder Jeff Bezos and Google founders Larry Page and Sergey Brin.

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