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COMMENT

ecigarette
Tuesday 18 November 2014
It's that time of year again. The Oxford Dictionaries famed Word the Year is finally out. This year's winner was "vape" and is defined as the following:
Tuesday 18 November 2014
The oulook for the UK's higher education sector is dogged by financial uncertainty, according to new research.
Shinzo Abe
Tuesday 18 November 2014
Japan's Prime Minister Shinzo Abe has called a snap election one day after the world's third-largest economy slipped into recession. Furthermore, he is promising to delay the controversial second hike in sales tax by 18 months.
HMRC
Tuesday 18 November 2014
MPs have criticised HM Revenue & Customs (HMRC) for being “unacceptably slow” at taking action against tax avoidance in the UK.  
London house prices
Tuesday 18 November 2014
London house prices may still be soaring ahead of the UK curve at over £500,000, but their lead is shrinking.
Tesco
Tuesday 18 November 2014
The supermarket "price war" has failed to help kick-start sales, with the sector falling into negative territory for the first time since records began in 1994.   
Big pile of chocolate. Mmmm.
Tuesday 18 November 2014
Say it ain't so. Leading confectioners have warned the world could be about to run out of chocolate. 
Drug
Tuesday 18 November 2014
Medicines shortages are hitting patient care in the UK and across Europe, according to a report published by the European Association of Hospital Pharmacists (EAHP).
Tuesday 18 November 2014
The rate of UK inflation rose to 1.3 per cent in the year to October 2014, recovering slightly from a suprise fall to 1.2 per cent the previous month.
AstraZeneca
Tuesday 18 November 2014
Having beaten off Pfizer's advances, AstraZeneca is doing a good job proving it can thrive on its own.
Easyjet has posted record profits before tax for the fourth year in a row (Source: Getty)
Tuesday 18 November 2014
EasyJet reported a 21 per cent lift in pre-tax profit for the full year, slightly ahead of its own market guidance.
London house prices
Tuesday 18 November 2014
Upmarket estate agent Savills is weathering the moderation of the London property market and the fall in commercial trading volumes in Hong Kong, as other global hotspots continue to perform.
People dressed as bees
Tuesday 18 November 2014
We all hate them, but can’t stop ourselves from using them.
Quindell
Tuesday 18 November 2014
You'd be forgiven for forgetting the full detail behind the story of Quindell - here, we wrap up the last seven months of headache-inducing stories that kept the insurance outsourcer in the headlines.  
Rob Terry
Tuesday 18 November 2014
Chairman Rob Terry and non-executive director Steve Scott are leaving Quindell with immediate effect, while Laurence Moorse will remain at the company for 12 months after the 2015 annual meeting, the company confirmed this morning.
Tuesday 18 November 2014
Quindell, the London stock-market listed group targeted for months by a short-selling research group Gotham City, was yesterday forced to part company with its chairman in an effort to restore investor confidence.
Tuesday 18 November 2014
Brokers to stock-market listed companies tend to stick around for the long-term, so when they exit abruptly there is usually a good reason for it.
Tuesday 18 November 2014
European stocks were buoyed yesterday as European Central Bank (ECB) chief Mario Draghi said the ECB was prepared to buy government bonds.
Tuesday 18 November 2014
MARKS & Spencer has poached Helen Weir from John Lewis to become its news finance director.
Tuesday 18 November 2014
Former customers of Bernard Madoff may soon recover an additional $496.8m (£317.6m), pushing the sum recovered by the trustee for Madoff customers above $10.3bn.
Tuesday 18 November 2014
Botox maker Allergan yesterday accepted a $66bn (£42bn) takeover bid from Actavis, creating one of the top 10 biggest pharmaceutical companies in the world.
Tuesday 18 November 2014
Britain yesterday welcomed the International Finance Corporation’s (IFC) announcement that it has issued a 10bn rupee bond in London today, the largest ever rupee bond to be is­sued on the London Stock Exchange.
Tuesday 18 November 2014
Interest rates set by the Bank of England (BoE) might not rise off their record lows until 2016, economists from HSBC said yesterday.
Tuesday 18 November 2014
UBER yesterday announced that it had teamed up with Spotify to allow passengers to stream music through their cabs’ sound systems.
Tuesday 18 November 2014
Supermarkets need to dramatically scale down their store estates if they want to stop haemorrhaging sales and return to growth, according to analysts at Goldman Sachs who sent a stark warning to the retail industry.
Tuesday 18 November 2014
Japanese stocks fell by nearly three per cent yesterday after new data showed the nation’s economy was in recession.
Tuesday 18 November 2014
BANKERS who commit crimes or make huge losses could have to give back their salaries, Bank of England governor Mark Carney proposed yesterday.
Tuesday 18 November 2014
David Cameron has done an about-turn on the economy, Labour’s Ed Miliband said yesterday.
Tuesday 18 November 2014
The government department tasked with chasing tax avoidance schemes and recovering the cash is too slow, resulting in millions being lost, a report out today claims.
Tuesday 18 November 2014
Addiction treatment firm Indivior is set to join the FTSE100 as parent Reckitt Benckiser yesterday said it would float the business as a separate entity.  
Tuesday 18 November 2014
RECKITT Benckiser’s 12-year-old pharma business is like a child ready to fly the nest, its chief exec Shaun Thaxter told City A.M. yesterday.
Tuesday 18 November 2014
Financier Nat Rothschild may increase his stake in troubled mining firm Asia Resource Minerals (Arms). The Indonesian company announced yesterday that Rothschild had indicated his interest in underwriting an equity issue for the firm.
Tuesday 18 November 2014
OUTSOURCING firm Serco Group yesterday announced the resignation of its chairman, Alastair Lyons. Lyons, who has been in the role since 2010, will step down once his replacement has been appointed.
Tuesday 18 November 2014
ENERGY firm Halliburton has agreed a takeover price of $38bn (£24bn) with oil and gas company Baker Hughes after months of discussions between the two firms.
Tuesday 18 November 2014
US PHARMACEUTICALS giant Pfizer announced yesterday it had signed a major cancer drug deal with German pharma company Merck.
Tuesday 18 November 2014
Majestic chief executive Steve Lewis said yesterday that the group’s push into craft beers and spirits was helping to fend off competition from supermarkets after sales of brands, including top seller Curious Brew, soared in the first half.
Tuesday 18 November 2014
Saudi Arabian utility firm Saudi Electric is in talks to become one of the investors in the nuclear power plant at Hinkley Point.
Tuesday 18 November 2014
The board of the Henderson Value Trust yesterday responded to reports about a disagreement which led to its chairman Shane Ross resigning.
Tuesday 18 November 2014
TECHNICAL products company Diplo­ma yesterday reported revenue of £306m for the 2014 financial year, up seven per cent from £286m in 2013. The firm’s pre-tax profit also improved, from £48.5m to £49.8m, a jump of three per cent.
Tuesday 18 November 2014
Shares in Salamander Energy fell by 6.4 per cent yesterday, after Spanish firm Cepsa revealed that it had not given consent for the terms of its proposed offer to be announced.
Tuesday 18 November 2014
COMPANIES significantly under­perform the market during periods when they announce no M&A activity – either acquisitions or divestments – and even more significantly underperform companies active in announcing M&As.
Tuesday 18 November 2014
HAMMERSON has splurged on three shopping centres in Europe through its new joint venture with Value Retail, the owner of Bicester Vil­lage, Dutch pension fund asset manager APG and Meyer Bergman.
Tuesday 18 November 2014
THE COMMERCIAL property debt market bounced back in the past six months, according to research out yesterday, revealing the biggest rise in demand for debt finance in seven years.
Tuesday 18 November 2014
TYSON Foods, the largest US meat processor, yesterday reported a better-than-expected quarterly profit.
Tuesday 18 November 2014
ENGINEERING group Bodycote yesterday reported a 2.9 per cent rise in group revenue for the four months between 1 July to 31 October, despite stagnation in European growth.
Tuesday 18 November 2014
GROUND engineering specialist Keller said yesterday its financial performance was ahead of last year’s, but noted that the North American and European markets remained challenging, with order intake slowing over the past few months.
Tuesday 18 November 2014
Hong Kong airline Cathay Pacific yesterday reported slower than expected passenger traffic for October after an anticipated upswing in demand for its premium economy seats failed to materialise.
Tuesday 18 November 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
Tuesday 18 November 2014
BRITAIN’S top share index turned positive late yesterday after European Central Bank presi­­dent Mario Draghi said un­conventional monetary policy mea­s­ures could include buying sovereign bonds.

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