News

COMMENT

Large blue diamond
Tuesday 16 September 2014
Spending $28m (£17m) on this rare blue diamond was actually a bit of a bargain for one unknown buyer.
Salmond
Tuesday 16 September 2014
How likely is it that Scotland will vote yes? It's a hard nut to crack as there are so many variables in play, but luckily there are a group of people who work out such probabilities for a living: betting companies.
London houses
Tuesday 16 September 2014
The average house in the UK cost £284,000 in July - an increase of 11.7 per cent over last year. This takes the index score (February 2002 = 100) to 206 - a new record and 11.4 per cent above the January 2008 pre-crisis peak. 
Alex Salmond
Tuesday 16 September 2014
Will the NHS in Scotland really be better off, as Alex Salmond has promised, if Scotland votes for independence on 18 September? Civil servants seem to think it will face a huge funding gap.  
Maurice Levy boss of Publicis
Tuesday 16 September 2014
Publicis Group's share price jumped 1.4 per cent in early trading after chief executive and chairman Maurice Levy announced his intention to stay in charge of the world’s third largest advertising group until 2017.
Rainy high streets
Tuesday 16 September 2014
Some of Britain's biggest businesses including Marks & Spencer, Sainsbury's, Tesco, General Motors and Tata Steel have called on the government to rip up the current business rate regime claiming the current system is “a critical problem for
Dyson
Tuesday 16 September 2014
The improving global economy and an increase in exports to China combined to push up Dyson's underlying profits by 5 per cent to £382m in 2013.  
A £20 note
Tuesday 16 September 2014
The Consumer Prices Index fell to 1.5 per cent in the year to August, down from 1.6 per cent the month before, as low wages and pressures on recovery in European economies continued to take their toll.
building site
Tuesday 16 September 2014
Housebuilder Galliford Try said this morning its chief executive of almost 10 years, Greg Fitzgerald, will step down by the end of 2015 - just as it reported a 28 per cent increase in pre-tax profits.
Asos
Tuesday 16 September 2014
Asos share price plummeted this morning following news of a poorer than expected sales growth for the three months ended August, with a warning that profits will not grow during the next financial year.   
Alibaba
Tuesday 16 September 2014
In advance of its New York IPO on Friday, Alibaba has raised its share price from $60-$66 to $66-$68 per American depositary share.  
John Paulson
Tuesday 16 September 2014
Proposals for a new London-listed mining spin-off worth £3bn hit the dust yesterday, as shareholders at one of the world’s top gold miners revolted over a $2.1bn (£1.3bn) rights issue key to the massive restructuring.  
Tuesday 16 September 2014
  An estimated 10,000 Londoners gathered in Trafalgar Square yesterday evening in a last-ditch bid to urge Scotland to vote No to independence in Thursday’s referendum.   
Tuesday 16 September 2014
ACCUSATIONS flew yesterday bet­ween the owner of failed high street smartphone retailer Phones 4u and the mobile operators allegedly responsible for its collapse.
Tuesday 16 September 2014
David Cameron made an emotional plea to Scottish voters last night, calling on them not to vote for independence in the referendum vote on Thursday.
Tuesday 16 September 2014
THE UK Takeover Panel has started a consultation on whether it should be able to take disciplinary action against companies that make promises during the bidding process, only to break them later.
Tuesday 16 September 2014
THE BIGGEST pension fund in the US is pulling its investments out of 30 hedge funds and funds of funds as part of a scheme to simplify its portfolio management.
Tuesday 16 September 2014
CHINESE web giant Alibaba last night raised the indicated price range for the shares it is selling on the New York Stock Exchange later this week.
Tuesday 16 September 2014
RILEYS Sports Bar yesterday went into administration for the second time in two years. The firm’s failure threatens around 500 jobs, and 15 of its sites have been shut down.
Tuesday 16 September 2014
Two new polls show that David Cameron’s Conservative party could do better than expected at the general election next year, despite the PM telling Scots yesterday that the current government won’t be around forever,    
Tuesday 16 September 2014
BREWING firm SABMiller could step up its plans to bulk up to avoid a takeover by AB InBev by seeking other merger partners, analysts predicted yesterday.
Tuesday 16 September 2014
GAMING billionaire Markus Persson yesterday denied he had sold the firm behind Minecraft for the money.
Tuesday 16 September 2014
Less than two weeks ago, the foun­d­er of Phones 4u, billionaire John Caudwell, was starting to put the pieces together to see if he could launch a daring rescue plan to save the business that had just been cut out by Vodafone, one of its two key
Alastair Lukies
Tuesday 16 September 2014
Aim-listed Monitise could consider a move to the main London Stock Ex­change market as soon as this financial year, the mobile banking and payments firm’s chief executive told City A.M. yesterday.
Tuesday 16 September 2014
Greggs’ like-for-like profits rose 5.4 per cent in the last quarter after the bakery famous for sausage rolls modernised its line with healthy sandwiches and better coffee.
Tuesday 16 September 2014
SWEDISH clothing giant Hennes & Mauritz (H&M) yesterday ann­ounced a nearly 20 per cent rise in sales in August, beating forecasts after a warm European summer.
Tuesday 16 September 2014
GEMFIELDS has entered into a joint venture to mine sapphires to complete what chief executive Ian Harebottle called the “big three” of coloured stones – green emeralds, red rubies and blue sapphires.
Mario Draghi
Tuesday 16 September 2014
Worries about the Eurozone’s stuttering recovery worsened yesterday as new data showed weakening exports.
Tuesday 16 September 2014
Troubled Eurozone economies cannot provide the growth British firms want, HSBC warned today. Instead businesses need to export further afield, with Asia looking like the best bet, its study found.
Tuesday 16 September 2014
A slowdown in US manufacturing may tempt the Federal Reserve to delay the ending of the asset purchase programme when it meets today and tomorrow.
Tuesday 16 September 2014
THE EUROZONE should begin a programme of quantitative easing (QE) despite the world economy being on track for further growth, the Organisation for Economic Cooperation and Development (OECD) said yesterday.
Tuesday 16 September 2014
THE UK’s largest technology trade association this morning launched a manifesto calling on the next government to better support the growth of the UK’s digital economy.
Tuesday 16 September 2014
FTSE 250-listed software company Micro Focus International is to buy privately-owned US rival The Attachmate Group in an all-share deal valuing the  combined firms at $2.35bn (£1.45bn).  
Tuesday 16 September 2014
APPLE chalked up a hit with its iPhone 6 as the technology giant received more than 4m pre-orders for the handset on its first day on sale – double the 2m sales the iPhone 5 attracted on its launch.
Tuesday 16 September 2014
Fashion house Burberry used its runway show yesterday at London Fashion Week to reveal its tie-up with Twitter. A “buy now” button allows users to purchase an item from the tweet, without being redirected to another page.
Tuesday 16 September 2014
ENTREPRENEUR of the year The City A.M. Entrepreneur of the Year award recognises those individuals or groups who set up a successful new venture and are now growing it as a profitable business.
Bill Ackman
Tuesday 16 September 2014
Top hedge fund investor Bill Ackman has snubbed London in favour of Amsterdam to list his new $5bn (£3.1bn) investment vehicle.
Tuesday 16 September 2014
Spanish banking giant Santander yesterday announced the purchase of the remaining 25 per cent of Banco Santander Brasil which it did not already own.
Tuesday 16 September 2014
US HEALTHCARE group Danaher, which owns the colour matching service Pantone, is to buy Nobel Biocare for an agreed $2.2bn (£1.35bn) to become the world’s biggest player in a dental implants market benefiting from growing demand for cosmetic dentis
Tuesday 16 September 2014
Carl and Jamie Jackson: The winning team behind the website that started with the 2001 British Lions rugby tour down under
Tuesday 16 September 2014
MySale, the Australian flash sales site, is pushing ahead with its Euro­pean expansion, after snapping up a 60 per cent stake in a rival Scandi­navian website.
Tuesday 16 September 2014
UK company TUI Travel yesterday agreed the terms of its all-shares merger with its German parent TUI, creating the biggest integrated leisure tourism group.
Tuesday 16 September 2014
The price of a barrel of oil slipped to a 26-month low during trading yesterday, hit by signs of a slowdown in China and despite the impact of new sanctions on Russia.
Tuesday 16 September 2014
British oil and gas explorer Hurricane Energy revealed yesterday that production from one of its projects off the Shetland Islands could be around double previous expectations following testing.
Tuesday 16 September 2014
Universities Superannuation Scheme
Tuesday 16 September 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Tuesday 16 September 2014
ENERGY shares capped the FTSE 100 yesterday, hit by the combin­ation of slowing economic growth in China, the world’s top energy consumer, and new sanctions against Russia.
Tuesday 16 September 2014
US STOCKS closed mixed yesterday, as the tech sector dragged the Nasdaq down and kept the S&P 500 near the unchanged mark while investors cleared the decks for Chinese giant Alibaba’s debut planned for later this week.
Alibaba
Monday 15 September 2014
Alibaba has raised the indicated price range for its shares which will sell on the New York Stock Exchange later this week.  
U2
Monday 15 September 2014
Apple have set up a new web page detailing how you can remove U2's Songs Of Innocence from your iTunes account.

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