City Moves for 26 August 2014 | Who’s switching jobs August 25, 2014 Colliers International The commercial real estate services firm has appointed Kate Morgan as director of rating in its national rating team. She joins from Bruntwood, where she was head of business development. Hermes Fund Managers Hermes has announced the appointment of Zoe Shaw as head of fixed income. She has 30 years’ experience in investment [...]
Best of the Brokers for 26 August 2014 August 25, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com RIGHTMOVE Westhouse Securities has reduced its rating to “Neutral” from “Add”, with the target price at 2,585p. The broker is encouraged by positive trading momentum and management’s confident outlook for the remainder of the year, but downgraded its rating on recent share price [...]
London Report: Consumers upbeat as momentum of recovery continues August 25, 2014 THE GFK consumer confidence survey, CBI Distributive Trades Survey and Nationwide house price data are the key economic reports in a quiet end-of-summer week before next week’s slew of rates, statistics and money supply data. Analysts expect consumer confidence to remain high, showing the continuing economic recovery. Today’s results come from Antofagasta, Bunzl, Kentz, Petrofac, [...]
Wall St The Week Ahead: S&P 500 hits 2,000 mark August 25, 2014 THE S&P 500 was unable to hold the 2,000 mark after moving above the milestone level for the first time yesterday, but still managed to close at a record high, buoyed by financials and biotechnology stocks. The significance of the milestone was more psychological than fundamental, and it represents the high point of a nearly [...]
Salmond wins: Last Scottish independence debate sees SNP victory August 25, 2014 Well, that's it. The last debate on Scottish independence ended with a victory for the SNP leader Alex Salmond, according to a snap ICM poll for the Guardian. 71 per cent of those polled thought Salmond clenched it while only 29 per cent gave it to Darling. Alistair Darling and Alex Salmond clashed over issues [...]
$100,000 in Bitcoin lost in Cannabis Road hack August 25, 2014 Hackers have made off with $100,000 worth of Bitcoin from Cannabis Road, an online marketplace dedicated to Cannabis products, reports cryptocurrency news site Coindesk. Cannabis Road is now offline, and those trying to get onto the website will be greeted with a message informing visitors about the hack and how the developers intend to proceed. [...]
Independence referendum debate: What to watch out for August 25, 2014 As Alex Salmond and Alistair Darling prepare to face-off for the last time on whether Scotland should withdraw from the 300-year-old union both sides will be readying their arsenal of facts and figures to make their case. There are a host of issues that will come up in tonight's debate, but three have become central [...]
Scottish independence: Welsh politicians back the Union ahead of debate August 25, 2014 Wales' first minister Carwyn Jones and the Welsh secretary Stephen Crabb have pleaded with Scottish voters to remain apart of the Union ahead of tonight's debate where Alex Salmond and Alistair Darling will go head to head for the last time. While on the campaign trail in Scotland Crabb said the majority the Welsh were [...]
Ecigarettes backed as a last resort by the American Heart Association August 25, 2014 Ecigarettes should be a last resort solution to quitting smoking, according to the American Heart Association (AHA). In the group's first policy statement on the devices, AHA said established quitting methods like nicotine patches should be the first port of call for those looking to give up regular cigarettes but if they failed "it is [...]
In graphs: London house prices up 19.3 per cent, UK 10.2 per cent August 25, 2014 As we reported earlier, UK house prices were up 10.2 per cent in the twelve months to June, according to Office of National Statistics (ONS) data. This was slightly lower than the figures of 10.4 per cent for the 12 months to May but still staunch growth. The news is that growth has slowed, corroborating the [...]