Personalities making a mark doing it their way September 28, 2014 PERSONALITY of the year Mark Carney has been the most talked about central banker for many years, and he’s only been at the Bank for just over a year. For some, that might just be enough time to get the feel of the job. But he has made huge decisions at the Bank of England. [...]
From Threadneedle Street to the corridors of power September 28, 2014 Business minister Matthew Hancock tells Kate McCann he’s on the side of new challenger firms IF CONSERVATIVE MPs spent the weekend nursing a Ukip-induced headache ahead of their party conference, business minister Matthew Hancock showed no evidence of it yesterday. “It’s relatively cheerful here, in the circumstances,” the former Osborne advisor says with a wry [...]
City Moves for 29 September 2014 | Who’s switching jobs September 28, 2014 Deloitte The business advisory firm has announced two appointments to its hedge fund practice. Chris Farkas (pictured) joins as UK hedge fund leader. He was European head of hedge fund consulting in Deutsche Bank’s prime brokerage group, and has also held senior roles at GlobeOp and Goldman Sachs. Brian Forrester, a partner with Deloitte in [...]
Best of the Brokers for 29 September 2014 September 28, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BALFOUR BEATTY Deutsche Bank has upgraded to “Buy” from “Hold”, and raised the target price to 270p from 245p. The broker thinks overly negative market sentiment towards Balfour provides a buying opportunity, and Balfour’s sale of Parsons Brinckerhoff will help address balance sheet [...]
London Report: Housing market stalls and GDP is re-evaluated September 28, 2014 HOUSING data showing fewer mortgage approvals and only modest price increases looks set to show that the UK’s booming property market is finally slowing. Bank of England figures out today are forecast to show that mortgage approvals fell to 66,000 in August from 66,569 in July and 67,085 in June. The numbers are well below [...]
New York Report: US jobs figures will give clues on bond buying September 28, 2014 US JOBS numbers on Friday are likely to confirm that the fast-recovering American economy has reached the point where the Federal Reserve can finally halt its massive bond-buying stimulus. The US economy looks to be on course for growth of about two or 2.5 per cent this year, and the Fed intends to halt its [...]
The creative obsession: Leo Burnett London’s Katie Lee talks heritage and innovative adverts September 28, 2014 Few agencies are as steeped in history as Leo Burnett. One of the godfathers of advertising, Burnett founded his eponymous creative shop in depression-era Chicago, placing a bowl of apples in reception as a marker of the agency’s values: rosiness and hospitality. It quickly became known for bold, image-led work, later creating Tony the Tiger [...]
Vince Cable calls for skilled migrant cap to be scrapped or risk economic recovery in letter to Theresa May September 28, 2014 The cap on skilled migrant workers is damaging the UK's economic recovery according to Business Secretary Vince Cable. Cable has written to the Home Secretary Theresa May urging her to scrap the cap on skilled migrants coming to work in the UK from outside the European Union because it’s a “barrier to British growth”. The [...]
Will Andy Murray qualify for the ATP World Tour Finals in London? Shenzhen Open win brings him one step closer September 28, 2014 Andy Murray is a step closer to qualifying for the ATP World Tour Finals in London with a win at the Shenzhen Open. The Scot picked up his first tournament title since triumphing at Wimbledon last year, beating Spaniard Tommy Robredo 5-7, 7-6, 6-1. The win bumps Murray from 11th to 10th in the world [...]
Could Ukip really be the ”second party of the north after Labour” like Farage claims? September 28, 2014 Ukip leader Nigel Farage today claimed his party was second only to Labour in the North of England, having increased support since the Barnsley by-election three years ago. Writing in the Independent ahead of his speech at today’s Ukip party conference, Farage said the party planned to take on Labour in the northern heartlands, claiming [...]