News

COMMENT

Balfour Beatty
Wednesday 15 October 2014
Balfour Beatty's share price soared this morning after revealing it had snagged Leo Quinn, chief executive of QinetiQ, to lead it out of troubled waters after a turbulent year and a series of profit warnings.
Wednesday 15 October 2014
The Eurozone could be in the midst of recession for the third time since 2008, with data released yesterday pointing to weak growth and deteriorating confidence.
Jim O’Neill
Wednesday 15 October 2014
Chair of the RSA growth commis­sion and former Goldman Sachs banker Jim O’Neill has called for “golden handcuffs” to keep students in towns and cities where they study and prevent them from moving to London when they graduate.
Wednesday 15 October 2014
TESCO announced yesterday it had suspended another three execut­ives over the discovery last month of an accounting error which led first-half profits to be overstated by £250m.
Wednesday 15 October 2014
FRANCE presents its budget to the EU today with French officials likely to provoke a frustrated response after to failing to make agreed savings.
Wednesday 15 October 2014
THE EUROZONE’S central bank was challenged in a top Brussels court yesterday over the legality of its bond-buying programme.
Wednesday 15 October 2014
THE POUND fell sharply yesterday as UK inflation for September came in below expectations, reducing the chance of a 2014 interest rate hike.
Wednesday 15 October 2014
A Senior Investec banker last night shrugged off insults made last week by PR guru Lord Bell. Bell, who counts Investec among his firm Bell Pottinger’s clients, claimed bankers were “complete criminals”.
Wednesday 15 October 2014
Coca-Cola could replace Barclays as the main spon­sor of London’s Boris Bikes in a deal at an annual cost of at least £5.5m, acc­ord­ing to Sky News.
Wednesday 15 October 2014
Brent crude slid below $85 yesterday, marking a four-year low for the commodity, after the International Energy Agency (IEA) predicted that oil demand would expand slower this year than it had since 2009.   
Wednesday 15 October 2014
Russia was forced to pull a bond sale yesterday as its currency sank to a record new low and sanctions against the government, over continued intervention in Ukraine, began to bite.
Wednesday 15 October 2014
LONDON-based taxi app Hailo will pull out of the North American market as competition between rivals such as Uber and Lyft intensifies in the region.
Wednesday 15 October 2014
ROYAL MAIL, led by Moya Greene (pictured above), has sold its mail centre at Paddington to Singaporean property firm Great Western Developments for £111m.
Wednesday 15 October 2014
BURBERRY warned yesterday that conditions in some of its markets, including China, were getting tougher, despite a 14 per cent increase in first-half sales, sending shares down almost four per cent.
Wednesday 15 October 2014
MULBERRY shares were looking the worse for wear yesterday after the troubled luxury leather goods group issued yet another profit warning.
Wednesday 15 October 2014
BOOHOO co-chief executive Carol Kane said the online fashion retailer’s success and recent IPO had acted as a wake-up call for other high street stores to improve their own online businesses, as it posted a jump in sales yesterday.
Wednesday 15 October 2014
Luxottica chairman Leonardo Del Vecchio has taken control of the running of the company he founded half a century ago after losing its second chief executive in six weeks.
Wednesday 15 October 2014
CARPETRIGHT cheered the market yesterday after posting a seven per cent rise in like-for-like sales in its first quarter under the leadership of new chief executive Wilf Walsh.
Wednesday 15 October 2014
The insurance industry and business groups have issued a stark warning following the government’s most recent pensions announcement, claiming that withdrawing cash from pension pots too early could store up huge financial risks for the UK for ye
Wednesday 15 October 2014
Afren's share price climbed by over 3.5 per cent yesterday after the oil company announced that its chief executive and chief operating officer (COO) had been sacked for gross misconduct following an independent review.  
Wednesday 15 October 2014
CITIGROUP is axing a swathe of its consumer finance businesses in a bid to cut back inefficient units, which are too small to make good profits and boost overall returns, the bank said yesterday.
Wednesday 15 October 2014
WELLS FARGO GETS MORTGAGE BANKING BOOST
Wednesday 15 October 2014
GIANT investment bank JP Morgan swung back into profit in the third quarter, it announced yesterday, moving past the losses it made last year on huge legal bills.
Wednesday 15 October 2014
GLOBAL investors yesterday snapped up £2.7bn of Northern Rock and Bradford and Bingley (B&B), in Europe’s biggest retail mortgage-backed security (MRBS) deal for three years.
Wednesday 15 October 2014
House price growth is set to level off across the UK and could even be at risk of falling in the capital, according to industry experts.
Wednesday 15 October 2014
Bellway’s shares rallied 5.53 per cent yesterday after the house­build­er posted record half-year pro­fits and said it expected to build 10 per cent more homes over the next year.
Wednesday 15 October 2014
BRITAIN’S housing market is inflated by tax rules, which push up prices, and is left vulnerable to booms and busts because of stamp duty, the European Commission (EC) warned in a report yesterday.
Wednesday 15 October 2014
Fund supermarket Hargreaves Lans­down was hit by turmoil in the geopolitical arena last quarter, as the fear stalking stock markets dragged down performance.
Wednesday 15 October 2014
Shares in recruitment firm Michael Page saw their price plunge by 7.6 per cent yesterday as its latest results showed the strength of sterling had hit profit significantly.
Wednesday 15 October 2014
The strength of the UK recovery is attracting talent from struggling economies, helping to fill shortages. Adrian Gunn, chief executive of recruiters Matchtech, told City A.M. that the UK had a major skills shortage.
Wednesday 15 October 2014
PERONI and Carling brewer SABMiller saw poor summer weather in China hit its larger sales in the second quarter, while strong soft drink sales and higher prices helped to support revenue growth of five per cent during the second quarter to 30 Sept
Wednesday 15 October 2014
Dragon Oil confirmed yesterday in its interim management statement that it was still in detailed discus­sions concerning a bid for Irish company Petroceltic.
Wednesday 15 October 2014
Online retail giant Amazon will this morning announce a same-day pick-up service in partnership with Con­nect Group’s newspaper and maga­zine distribution arm, Smiths News.
Wednesday 15 October 2014
The takeover of Australian travel firm Wotif by US-listed Expedia hit a snag yesterday after regulators in New Zealand delayed a green light for the deal.
Wednesday 15 October 2014
ASHMORE Group, the emerging markets-focused fund manager, failed to stem the tide of outflows last quarter, as a strong dollar compounded the firm’s woes.
Wednesday 15 October 2014
Quinn Emanuel
Wednesday 15 October 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Wednesday 15 October 2014
A RISE in major mining stocks, yesterday coupled with solid US corporate results, enabled Bri­tain’s top equity index to rise off 15-month lows.
Wednesday 15 October 2014
THE S&P 500 and Nasdaq yesterday ended up slightly, breaking a three-day string of falls that marked their worst losses since 2011. The Dow, however, finished lower for a fourth session on lingering worries about global demand.
Phillip Monks
Tuesday 14 October 2014
The flotation of Aldermore, the challenger bank focused on small business lending, was on the brink of collapse last night.  
UK map
Tuesday 14 October 2014
In the depths of the crisis, one small area of the UK held out: Inner London was still the richest place in the EU.
Phones 4u
Tuesday 14 October 2014
Phones 4U's retail arm may be done, but EE has just snapped up its mobile business for under £5m, according to the Financial Times. 
Mark Zuckerberg
Tuesday 14 October 2014
Mark Zuckerberg and his wife Priscilla Chan are donating $25m to help fight Ebola.  
Boris Johnson
Tuesday 14 October 2014
For those planning on attending the annual property conference Mipim this week, the fact it is in dreary old London rather than sunny Cannes is not the only change in normal proceedings. 
London hosue prices
Tuesday 14 October 2014
UK house prices are up 11.7
Aditya Agarwal
Tuesday 14 October 2014
Cloud storage service Dropbox has denied that seven million passwords have been stolen from its service, contrary to reports.  
Apple's Ireland HQ office building
Tuesday 14 October 2014
The Irish government has revealed plans to close a much criticised tax loophole nicknamed the “Double-Irish”, which lets major international corporations such as Apple, Google and Facebook pay surprisingly low rates of corporation tax.
Goji berries
Tuesday 14 October 2014
We have all been told that we should add a handful of blueberries to our morning cereal, and that a cup of green tea would be much healthier than a standard brew.   
Tuesday 14 October 2014
A group charged with cutting EU red tape has recommended small businesses be exempted "wherever possible" from burdensome regulation. The group claims the measures could save €41bn per year.
Citi
Tuesday 14 October 2014
US bank Citigroup is pulling its consumer banking arm out of 11 markets across Asia, Europe, the Americas and the Middle East, it announced today.   

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