News

COMMENT

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.
Simon Segars
Wednesday 22 October 2014
Simon Segars, the boss of Britain’s biggest tech firm, believes his Chinese customers will begin adopting Arm’s latest chip designs in low-end smartphones next year, a move that would dramatically boost royalties.  
Wednesday 22 October 2014
INSURANCE outsourcer Quindell yesterday saw its share price soar 8.4 per cent, on the back of the news that it had secured a five-year cont­ract with an unnamed “major insurer”.
Wednesday 22 October 2014
The inexorable rise in London’s house market stalled in September according to Sequence, a national estate agency network.
Wednesday 22 October 2014
TENS OF thousands more homes should be built each year to ease the UK’s housing crisis, Lloyds boss Antonio Horta Osorio said last night – and the government should take the lead by building on under-used Ministry of Defence land.
Wednesday 22 October 2014
GALLIFORD Try chairman Ian Coull yesterday announced he was stepping down with immediate effect due to other business and personal commitments.
Nick Robertson
Wednesday 22 October 2014
What doesn’t kill you makes you stronger, Nick Robertson de­clared yesterday.
Wednesday 22 October 2014
BRITISH Car Auctions (BCA), owner of the webuyanycar.com, became the latest casualty of weak equity markets yesterday after it was forced to pull its impending stock listing.
Wednesday 22 October 2014
Afilias, the Dublin-based internet service provider, yesterday defied the stock market gloom to launch a $100m (£62m) listing.
Wednesday 22 October 2014
THE FIZZ went out of Coca-Cola yesterday after it was forced to cut full-year earning forecasts on the back of lower quarterly profits.
Wednesday 22 October 2014
MCDONALDS’ sales weakened across the world last quarter as consumers were put off by the fast-food chain’s spiralling prices.
Wednesday 22 October 2014
Defence firm BAE Systems is looking to expand into the cyber security sector with a $232.5m (£144.2m) bid for SilverSky.
Wednesday 22 October 2014
Eurostar has announced that both its passenger numbers and sales revenue for the year are up, the 10th consecutive year this has been the case. The rail provider is also adding new routes.
Wednesday 22 October 2014
CAR INSURANCE premiums rose in the third quarter of 2014 for the first time since 2012, according to the latest AA British Insurance Premium Index.
Wednesday 22 October 2014
LONDON’S top venture capitalists expect the European startup scene to continue turning out hit tech firms, with a partner at Index Ventures predicting Europe will produce a $10bn (£6.2bn) firm within three years.
Christophe de Margerie
Wednesday 22 October 2014
French oil company Total yesterday confirmed the death of its chairman and chief executive Christophe de Margerie “with deep regret and great sadness”.
Wednesday 22 October 2014
Jaguar Land Rover opened its first overseas factory yesterday, with the inauguration of the Chery Jaguar Land Rover Automotive Company plant in Changshu, just north of Shanghai.
Wednesday 22 October 2014
Petra Diamonds yesterday announced that it was looking at paying a dividend in 2015 instead of 2016 as previously stated, after posting positive full-year results for 2014.
Wednesday 22 October 2014
The boss of US drugs giant AbbVie hit out at the “outdated” US tax regime after confirming the $55bn (£34bn) takeover of Shire had collapsed.
Wednesday 22 October 2014
BOOKMAKER William Hill has seen its operating profit soar 89 per cent in the third quarter, with favourable sporting results playing in the group’s favour.
Wednesday 22 October 2014
Canary Wharf Group yesterday launched a startup accelerator programme to find six so-called smart city technologies – that drive cost savings using technology in fields such as transport and construction – to be piloted across its estate.
Wednesday 22 October 2014
SINGAPORE venture capital (VC) fund Infocomm is setting up shop in the capital, bringing $200m (£124m) to invest in startups in London and Europe for the first time.
Wednesday 22 October 2014
Vue Entertainment
Wednesday 22 October 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Wednesday 22 October 2014
Gains in big oil companies and drugmaker Shire yesterday lifted Britain’s top equity index, which extended a rebound after falling to 15-month lows last week.
Wednesday 22 October 2014
US STOCKS rallied yesterday, with the S&P 500 notching a fourth straight session of gains boosted by strong corporate results, including Apple’s.
Hurricane Gonzalo
Tuesday 21 October 2014
Hurricane Gonzalo has resulted in the death of a woman in central London.   She was killed by a tree brought down by high winds in Knightsbridge, according to Scotland Yard.  
European Union
Tuesday 21 October 2014
Tomorrow, the European commission will warn five countries that their budget submissions risk breaching new fiscal rules set out by the European Union (EU).      
Ebola
Tuesday 21 October 2014
A serum containing antibodies produced by Ebola survivors could be used to treat patients in Liberia within weeks, according to the World Health Organisation (WHO).   
Man sleeping
Tuesday 21 October 2014
The City is not a place conducive to regular, high-quality sleep. Long hours and late nights spent staring at a computer screen mean even when we do get to bed, it can be difficult to switch off.   
Big Ben reflected in a puddle
Tuesday 21 October 2014
The Office for National Statistics' (ONS) latest public sector borrowing figures make for uncomfortable reading, particularly if you're in the business of running the country.
JP Morgan office
Tuesday 21 October 2014
The European Commission has come down hard on banks again, fining JP Morgan, UBS and Credit Suisse a combined €93.9m (£74m) for colluding on benchmarks and prices, including libor rates and interest rate derivatives.
Coca-Cola
Tuesday 21 October 2014
Shares in the Coca-Cola Company opened six per cent down this morning, following the soft drink maker’s fall in profit.  
McDonalds
Tuesday 21 October 2014
McDonald's is planning a major review of its working practices and structure on the back of a “significant decline" in revenues and profit.   
Tuesday 21 October 2014
Benefit fraud is to be the target of the government's latest ad campaign with posters to be extended across almost 50 towns and cities.
Robert Terry
Tuesday 21 October 2014
Insurance outsourcer Quindell's share price has soared 8.4 per cent today, on the back of the news that it has secured a five-year contract with an unnamed “major insurer”.   
BCA auction
Tuesday 21 October 2014
Is this the end of London's short-lived IPO boom? Used car auctioneer BCA Marketplace - the owner of webuyanycar.com - has become the third company in two weeks to cancel its IPO, saying volatility in global equity markets has put it off.
London house prices
Tuesday 21 October 2014
The average asking price for a house in Greater London is now £596,000.   But although this figure is huge, analysts believe that the long-term trend is for a slowing market, even in the capital.  
Carpetright
Tuesday 21 October 2014
Carpetright chairman Lord Harris can finally look forward to slowing down, after Carpetright announced it has appointed a new chairman.
Tuesday 21 October 2014
Russia is ramping up its tit-for-tat trade war with the EU through an extension of the food import ban to include animal fats and offal.
Oscar Pistorius
Tuesday 21 October 2014
Oscar Pistorius has been sentenced to five years in prison for culpable homicide, and has also been handed a three-year suspended sentence for firearm misuse.  
Tesco
Tuesday 21 October 2014
Tesco shares rose 2.2 percent in mid-morning trading after new figures showed while it has lost yet more market share, its rate of decline is slowing.
London Skyline of City buildings
Tuesday 21 October 2014
Singapore venture capital fund Infocomm is setting up shop in the capital, bringing its $200m (£124m) fund to startups in London and the rest of Europe for the first time.
Gonzalo
Tuesday 21 October 2014
A battering by the remnants of hurricane Gonzalo has caused travel chaos across the UK, with some flights cancelled and trains delayed.
Asos website on screen
Tuesday 21 October 2014
Shares in online retailer Asos have leaped almost 20 per cent this morning, after the beleaguered online retailer reported a 27 per cent rise in sales.

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