News

COMMENT

Sony
Thursday 18 September 2014
Shares in Sony fell by 12 per cent to ¥ 1,865.5 (£10.50) at the start of trading in Tokyo last night, following the release of a profit warning by the consumer electronics giant.   
Chuka Umunna
Thursday 18 September 2014
Businesses in Scotland have been threatened with dire financial consequences if they openly back the No campaign during the Scottish referendum, Labour’s shadow business secretary exclusively told City A.M. yesterday.
Alex Salmond
Thursday 18 September 2014
The City’s well-known Scottish restaurant Boisdale is expected to pack out tonight with punters glued to the big screens and the private dining room full of Better Together backers.
Sir John Gieve
Thursday 18 September 2014
A former deputy governor of the Bank of England yesterday warned there might be a “deposit flight” if Scotland votes Yes in today’s independence referendum.
Thursday 18 September 2014
SUITORS picked through the remains of collapsed high street mobile retailer Phones 4u yesterday as administrator PwC entered negotiations with mobile operators and other interested parties over acquiring all or part of the business.
Michelle Mone
Thursday 18 September 2014
Business leaders gave their opinions on the Scottish vote yesterday, with HSBC’s Douglas Flint, M&S’ Marc Bolland, Kingfisher’s Ian Cheshire and Michelle Mone of Ultimo calling for a No vote.  
Thursday 18 September 2014
Banks, insurers and other financial services firms operating across Europe face extra hundreds of mil­lions of pounds of extra tax costs, following a European Court of Justice (ECJ) ruling yesterday.
Thursday 18 September 2014
The US Federal Reserve revealed last night that another of its senior officials has opposed a pledge to keep rates at record lows, while projections suggest that borrowing costs could rise faster than had been expected.
Thursday 18 September 2014
TWO HAWKISH policymakers at the Bank of England failed to convince the rest of the monetary policy committee (MPC) to vote for a rate hike for the second month running, the minutes of its September meeting showed yesterday.
Thursday 18 September 2014
UNEMPLOYMENT plunged to its lowest level since 2008 in the three months to July, official figures showed yesterday, as the job market’s rapid recovery signals higher wages could be just around the corner.
Thursday 18 September 2014
JD SPORTS said yesterday it enjoyed record trading in the first half of the year as the sports retailer doubled profits.
Thursday 18 September 2014
Marks and Spencer is set to open its first shop in Scandanavia next month as it marches ahead with its European expansion.
Thursday 18 September 2014
DAIRY Crest, the owner of Cathedral City cheese, yesterday named non-executive director and Opcapita partner Stephen Alexander as its new chairman.
Thursday 18 September 2014
NEW LOOK has taken a leaf out of Cath Kidston’s pattern book after hiring the fashion and homeware retailer’s chairman Paul Mason for the same role.
Thursday 18 September 2014
Richemont’s billionaire founder Johann Rupert yesterday returned to the post of chairman at the luxury goods firm, whose Cartier and Montblanc watches are a favourite with stars like Usher (left).
Thursday 18 September 2014
RECYCLED packaging company DS Smith yesterday faced a shareholder revolt over its pay policies.
Thursday 18 September 2014
SMALL and mid-market specialist Cenkos recorded a 650 per cent boom in profits in the first half, thanks to its work on AA’s initial public offering, the broker said yesterday.
Thursday 18 September 2014
CONSTRUCTION firm Mace has been picked as the preferred building manager for the redevelopment of the BBC Television Centre in West London, development company Stanhope said yesterday.
Thursday 18 September 2014
PUNCH Taverns yesterday announced that noteholders as well as its shareholders had approved its £2.3bn debt restructuring proposals, subject to the consent of the Royal Bank of Scotland and Lloyds Bank.
Thursday 18 September 2014
DAILY Mail and General Trust (DMGT) disappointed the market yesterday by announcing further delays and higher costs associated with the launch of its risk management software business, RMS(one).
Thursday 18 September 2014
THE BOARD of Sky Deutschland has advised its minority shareholders not to accept the takeover offer from BSkyB, claiming the bid “does not reflect the full potential and thus intrinsic value” of Sky Deutschland.
Thursday 18 September 2014
SONY cut its profit forecast for the sixth time on boss Kazuo Hirai’s watch yesterday after revealing a huge 180bn yen (£1bn) impairment charge on its struggling smartphone unit.
Thursday 18 September 2014
HOUSING completions in central London could reach 10,000 in 2015 for the first time in years thanks to a surge in construction activity, even as new housing starts and prices at the centre of the capital start to slow.
Thursday 18 September 2014
BROOKFIELD Property Partners yesterday put on the market to UK buyers flats in its 50-storey residential development on the fringe of the City.
Thursday 18 September 2014
INNOVATIVE COMPANY of the year City A.M.’s Innovative Company of the Year category salutes businesses that are frontrunners in their industry, from micro-chips to car service apps.
Thursday 18 September 2014
AEROSPACE and defence technology company Chemring saw its revenues fall in the third quarter, but maintained its financial outlook for the year, as governments reconsider military spending cuts as global insta­b­ility rises.
Thursday 18 September 2014
British satellite operator Inmarsat saw its shares jump as much as 2.2 per cent yesterday after it revealed a host of new customers.
Thursday 18 September 2014
MULTINATIONAL engineering firm Smiths Group saw its shares fall the most of all companies on the FTSE 100 yesterday, as it revealed its pre-tax profits had plummeted 11 per cent in the last year to £445m.
Thursday 18 September 2014
Budget airline Flybe announced yesterday it had cancelled most of a $1.3bn (£798m) jet order, choosing instead to lease propeller-powered planes as it continues its restruct­uring to target regional routes.
Thursday 18 September 2014
PRIVATE equity group 3i yesterday pushed on with a plan to shrink its portfolio by offloading a French healthcare chain to CVC Capital Partners.
Apple’s new iPhone 6
Thursday 18 September 2014
Imagination Technologies saw its shares jump as much as nine per cent yesterday after the graphics chip maker – whose products are used in Apple’s new iPhone 6 – said it was encouraged by levels of licencing activity since May.
Thursday 18 September 2014
The boadroom showdown at Electra Private Equity turned up a notch yesterday as activist shareholder Edward Bramson enticed shareholders by pledging to double the share price.
Thursday 18 September 2014
Revenues slumped at IG Group over the three months to August as low volatility left little room for its trading clients to act, the firm said yesterday.
Thursday 18 September 2014
CAR SALES across Europe have continued to rise for a record twelfth consecutive month, according to data from the European Automobile Manufacturers Association.
Thursday 18 September 2014
BANKS are offering increasing numbers of mortgage products to compete for new customers as the market finally gets back to operating at normal levels, figures from the Mortgage Advice Bureau showed today.
Thursday 18 September 2014
CHINA’S central bank is believed to have injected more liquidity into the country’s banks yesterday in an effort to support lending.
Thursday 18 September 2014
DWF The law firm has announced the appointment of two partners to its London real estate team. Chris Seel and Nicola Giddens (pictured) join from Stephenson Harwood, where they were partner and senior associate respectively.
Thursday 18 September 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Thursday 18 September 2014
BRITAIN’S top share index yesterday slipped and under­performed gains on rival European bourses, as the un­certainty raised by Scotland’s vote on independence pegged back the UK stock market.
Thursday 18 September 2014
US STOCKS edged higher in volatile trading yesterday after the US Federal Reserve renewed its pledge to keep interest rates near zero for a “considerable time” and repeated concerns over slack in the labour market, standing firm against calls to o
Jack Ma
Wednesday 17 September 2014
Jack Ma left capital-based investors disappointed by failing to turn up for the London leg of Alibaba’s international roadshow this afternoon.  
Alex Salmond
Wednesday 17 September 2014
The polls have it too close to call ahead of a historic vote, but the Yes campaign for the Scottish independence referendum has been the undisputed winner in the social media PR battle.  
Federal Reserve
Wednesday 17 September 2014
The dollar has risen to new highs for the year against the euro and the yen in late afternoon trading, despite the Fed's announcement today that it would keep interest rates at near-zero levels in 2015.  
Janet Yellen
Wednesday 17 September 2014
The Federal Reserve has stuck to its pledge to keep interest rates near zero for a "considerable time" after its asset purchase program ends next month.  
Apple
Wednesday 17 September 2014
Apple, apparently not content with two new iPhones, its first smart watch, and trolling iTunes users with a U2 album, could be set to unveil two new iPads next month.  
Yes campaign (as imagined by Next)
Wednesday 17 September 2014
Taiwanese agency Next Media Animation – famous for its snarky take on such global issues as Tiger Woods' infidelity and the Royal Wedding - has created another animation.   
Peter Thiel
Wednesday 17 September 2014
Has the co-founder of Paypal just effectively accused Twitter's workforce of being high on the job?  
Phones 4u store
Wednesday 17 September 2014
Dixons Carphone announced today it has agreed to take on the 800 staff employed at the 160 Phones 4u concessions in its stores.

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