News

COMMENT

Wednesday 17 December 2014
THE CITY’S former top regulator Sir Hector Sants is advising Abu Dhabi Global Market (ADGM) on the establishment of a new finance hub in the emirate.
Wednesday 17 December 2014
UK HOUSE price growth slowed in October, official figures revealed yesterday, with the cost of housing in London falling compared to earlier in the year.
Wednesday 17 December 2014
SPANISH firm Repsol has agreed to buy Canadian oil company Talisman Energy for $8.3bn (£5.3bn), the equivalent of $8 per share. This price represents a 60 per cent premium to last month’s share price.
Wednesday 17 December 2014
INTERCONTINENTAL Hotels Group (IHG) said yesterday it has agreed to buy an American chain of boutique hotels for $430m (£273m).
Wednesday 17 December 2014
INSURANCE broker Jelf has bought Yorkshire-based Beaumonts Insurance Group for £10.1m, with a further £8.28m to follow if certain performance targets are hit.
Wednesday 17 December 2014
ENERGY regulator Ofgem has approved £1.1bn in funding for a new subsea power transmission cable in northern Scotland.
Wednesday 17 December 2014
HITECVISION, a Norwegian private equity firm focused on the offshore oil and gas industry, yesterday launched new oil service conglomerate Global Maritime Group by merging five companies in its portfolio.
Wednesday 17 December 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Wednesday 17 December 2014
BRITAIN’S top equity index rose yesterday as a drop in UK inflation propped up the stock market in the face of market turmoil caused by Russia, while energy stocks rebounded.
Wednesday 17 December 2014
US STOCKS fell for a third day in a volatile session yesterday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy.
Tuesday 16 December 2014
Westminster council has dealt a blow to the city's property developers eager for a slice of the expensive central London borough.
Tuesday 16 December 2014
Apple has won a billion pound court lawsuit after a US jury found updates to its iTunes service in 2006 weren't intended to kill rivals' music.
Tuesday 16 December 2014
Embattled insurance outsourcer Quindell is being eyed for potential group legal action by a rival law firm Your Legal Friend.
Heathrow
Tuesday 16 December 2014
Flying this Christmas? You're not the only one.   
Thierry Henry
Tuesday 16 December 2014
  Did the Premier League’s greatest ever player retire from football today?  
Eric Joyce MP
Tuesday 16 December 2014
Falkirk MP Eric Joyce has been charged with two counts of common assault and one count of criminal damage, following an incident that took place in London during October.   
Online shopping
Tuesday 16 December 2014
Worried you've left it too late to order Christmas presents online? You need to get your skates on if you want to avoid paying for special delivery, but some retailers are offering premium services up to the last minute.   
Box of Poo
Tuesday 16 December 2014
Britons descended into Black Friday madness this year in the scrum to get a cheap telly, but in the States – where the phenomenon has been going much longer – one business called “bulls***” on the whole thing. Literally.   
Lastminute
Tuesday 16 December 2014
Travel and tickets website lastminute.com – one of the legends of the dotcom era – has been sold for $120m (£76m) to Swiss travel group Bravofly Rumbo.   
Nigeria oil rig
Tuesday 16 December 2014
Do you want the good news or the bad news?   
Tuesday 16 December 2014
The rouble descended into freefall during trading today despite the Russian central bank's drastic action which hiked interest rates from 10.5 per cent to 17 per cent late last night.
Office
Tuesday 16 December 2014
Do you think your office is top drawer or a bit of a dive? Knight Frank has compiled a list of what it claims to be the 10 best offices in the world – and three of them are in London. But are you in one of them?   
English
Tuesday 16 December 2014
William Hague has outlined proposals for English votes for English laws (EVEL).
Mark Carney
Tuesday 16 December 2014
Mark Carney, the governor of the Bank of England (BoE), has said the results of today’s stress tests prove the new-found resilience at the core of the banking sector.
Peshawar
Tuesday 16 December 2014
At least 126 people, including more than 100 children, have died and 122 have been wounded after a Taliban attack on a school in the Pakistani city of Peshawar today.   
MPC
Tuesday 16 December 2014
UK inflation fell to its lowest rate since 2002 in November after petrol costs were cut due to plummeting oil prices.  
London Bridge
Tuesday 16 December 2014
London Bridge underground station has been shut while the London Fire Brigade deals with what is being called a “small fire”.    The rail station is still open, but the underground station was evacuated this morning.
ONS HPI
Tuesday 16 December 2014
First-time buyers are paying 12 per cent more this year than at the same point last year, according to data from the Office for National Statistics (ONS).
Tuesday 16 December 2014
Until recently the joke that was doing the rounds was that the rouble, the price of oil and President Putin would all reach 63 next year. Now just one of those is left waiting – and he's not likely to be in a celebratory mood.
Aldi
Tuesday 16 December 2014
The supermarket sector has nudged back into growth after the surprise decline recorded last month.   
RBS
Tuesday 16 December 2014
Royal Bank of Scotland will raise £1.1bn from the sale of a portfolio of Irish real estate loans to hedge fund Cerberus Capital Management.  
Monty the Penguin
Tuesday 16 December 2014
By now you will have met John Lewis' Monty, unwrapped Lidl's little present and cried over Sainsbury's wartime sharing. But which of these adverts is most likely to make you spend money?   
Shanghai skyline
Tuesday 16 December 2014
Chinese manufacturing has hit a speed bump, falling off a six month period of growth to record its lowest score in seven months.
Ukip
Tuesday 16 December 2014
Ukip is on course to land £1.5m in EU funds thanks to the party's ability to establish pan-European group, BBC's Newsnight has learned.
Bank of England
Tuesday 16 December 2014
The Co-operative Bank has failed the Bank of England’s (BoE) stringent new stress test, while Lloyds and RBS would be at risk in a new economic crisis. 
Tuesday 16 December 2014
BT is set to buy mobile phone group EE for £12.5bn, last night announcing it is in exclusive talks with the UK’s biggest mobile phone network.
Tuesday 16 December 2014
Labour yesterday signed up to the government’s new charter for budget responsibility, despite dismissing the coalition move as “a silly political stunt”.
Tuesday 16 December 2014
The City watchdog has issued over £1.47bn worth of fines to financial services firms so far this year, while issuing over 100 disciplinary measures such as bans.
Tuesday 16 December 2014
Russian interest rates shot up late last night to 17 per cent as its central bank made a drastic attempt to prevent further collapse in the value of the rouble and stem rising inflation.
Tuesday 16 December 2014
RELIEVED hostages run past armed police to freedom yesterday in the final moments of a 16-hour siege in Sydney in which three people, including the gunman, were killed.
Tuesday 16 December 2014
MUTUAL lenders have been favoured by politicians since banks led the way into the financial crisis, but a study yesterday showed almost every building society boss felt the sector was being harmed by red tape.
Tuesday 16 December 2014
Record price cuts have taken mort­gage rates to their lowest rates since 2007, a mortgage broker said today.
Tuesday 16 December 2014
THE FORMER chief executive of JJB Sports has been handed a four-year jail sentence after being found guilty of accepting more than £1m in backhanders from suppliers.
Tuesday 16 December 2014
Britain's biggest banks are set to spend the next year pushing through major revamps of their IT systems, as stress tests have revealed problems in their ability to gather data on their own loan books.
Tuesday 16 December 2014
ITV and its cable and satellite rivals clashed yesterday over the commer­cial public broadcaster’s demand that it should get fees from pay-TV platforms for airing its free channels.
Tuesday 16 December 2014
QATALYST Partners’ Frank Quattrone is advising on the sale of network equipment maker Riverbed to Thoma Bravo and Ontario Teachers' Pension Plan for approximately $3.6bn (£2.3bn).
Tuesday 16 December 2014
Etailers hit by a glitch that caused thousands of products to be listed on Amazon for 1p have made a direct plea to customers in a bid to recover their losses and stave off bankruptcy.
Tuesday 16 December 2014
UK AUDIO content platform Audioboom yesterday said it had struck a content deal to provide audiobook samples from Amazon subsidiary Audible.
Tuesday 16 December 2014
SHARES in Carpetright soared yesterday after the high street retailer said it expected full-year profit to be at the top end of forecasts thanks to a pick-up in sales both at home and overseas.

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