City Moves for 04 September 2014 | Who’s switching jobs September 3, 2014 Savills The real estate adviser has announced the appointment of Andrew D Thompson as a director in its London-based building and project consultancy team. He joins from his own independent practice, and has previously held roles at CBRE, Drivers Jonas, and Wilks Head & Eve. Aviva Investors David Lis has been appointed chief investment officer, [...]
Best of the Brokers for 04 September 2014 September 3, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com JLT Cannacord has cut its rating from “buy” to “hold”, with the target price falling from 1,165p to 1,070p. The broker believes that the value from US speciality will come through after a forecast period, while its present value depends mainly on margin, [...]
London Report: FTSE rises on reports of Ukrainian cease fire deal with Russia September 3, 2014 BRITAIN’S top equity index yesterday touched its highest level in more than 14 years amid signs that Ukraine and Russia were working to end the conflict between them over eastern Ukraine. The blue-chip FTSE 100 index briefly hit 6,898.62 points, its highest level since early 2000, after Ukraine said a “permanent ceasefire” had been agreed [...]
New York Report: Apple at core of Nasdaq fall September 3, 2014 US STOCKS yesterday ended mostly down, as a decline in Apple shares dragged the Nasdaq lower and investors held off on big bets before today’s European Central Bank policy meeting. The Dow Jones industrial average rose 10.72 points, or 0.06 per cent, to 17,078.28. The S&P 500 ended down 1.55 points, or 0.08 per cent, [...]
Standard Life sells Canadian business to Manulife Financial for £2.2bn September 3, 2014 Insurance company Standard Life has sold its Canadian business to a subsidiary of Manulife Financial for 4bn Canadian dollars (£2.2bn). The sale, which is expected to close in the first quarter of 2015, spans all areas of business from savings and retirement to investment management. According to Manulife Financial, the deal is expected [...]
Ebola diagnosis sped up with Japan’s 30-minute “sampler” test September 3, 2014 Scientists in Japan have developed a test for Ebola which is much faster than any current diagnosis methods. Researchers at Nagasaki University worked alongside Eiken Chemical Co to develop the new testing method, which they say uses cheaper and faster technology than anything available already. As a result, they claim it can be [...]
Twitter paying out $140 to people who report bugs September 3, 2014 Micro-blogging service Twitter has launched HackerOne – a program that will pay at least $140 to security researchers every time they report a bug or vulnerability in their system. The purpose, Twitter says, is “to recognize their efforts and the important role they play in keeping Twitter safe for everyone." The rewards will [...]
Armed men occupy offices of leading Ukrainian football club Shakhtar Donetsk September 3, 2014 "Armed men" have occupied the offices of Ukrainian football club Shakhtar Donetsk, according to a news story posted to the club's official website. The story claims that Shakhtar offices in Donetsk have been occupied and requests all official correspondence be redirected to an alternative address in the city. The club states that "circumstances of [...]
LVMH share price out on top as Hermes “handbag war” comes to an end September 3, 2014 Handbag makers LVMH and Hermes have been taking each other to court for four years. Their feud began in 2012 after it was disclosed that LVMH, whose handbag brands include Louis Vuitton, Dior and Givenchy, had built up a 17 per cent stake in Hermes and proceeded to purchase further shares. It made [...]
Mayweather vs Pacquiao: Could the $300m dream fight could take place in 2015? September 3, 2014 Floyd Mayweather vs Manny Pacquiao is the dream fight boxing fans have been waiting for, and it could finally become a reality as soon as 2015. Pacquiao’s promoter Bob Arum has revealed that he is “very optimistic” that a salivating face-off between the two boxing superstars could be arranged but says that it “has [...]