Ultra expects US defence cash April 30, 2014 Defence contractor Ultra Electronics Holdings said yesterday its defence orders and revenue in the second half would be higher than usual. The company, which makes gunshot detection equipment and sonars for submarines, said it expected improvement after US defence priorities become clearer.
Cambian says trading is on track April 30, 2014 Cambian, the care home operator that floated at the lower end of its range last month, said yesterday that trading is on track. Turnover at the firm rose eight per cent in the first three months of 2014, Cambian said, while acquisitions and higher occupancy are expected to boost figures in the second half.
Unite ready to build more halls April 30, 2014 Student housing specialist Unite has said its investment plans for the next two years are on track and that 73 per cent of its rooms are already let for the next academic year. “With the business performing strongly and a supportive market environment, we believe this is the right time to invest in our brand [...]
US power firm Exelon bids for rival April 30, 2014 Exelon plans to buy Pepco for $6.83bn (£4.05bn), helping it overtake Duke Energy as the biggest power distribution company in the United States. Pepco’s shares rose as much as 18 per cent yesterday but remained below the offer price of $27.25.
City Moves for 01 May 2014 | Who’s switching jobs April 30, 2014 MHA Macintyre Hudson The accountancy firm has announced the appointment of Matt Coward as a tax partner in its London City office. Coward is a chartered tax adviser and member of the Society of Trust and Estate Practitioners. He joins from Price Bailey, where he was a private client tax partner. DAC Beachcroft The law [...]
Best of the Brokers for 01 May 2014 April 30, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com INTERNATIONAL PERSONAL FINANCE Numis recommends that investors buy shares in the loans company and has increased the target price from 644p to 675p. The broker has hiked its earnings per share forecasts to reflect IPF’s dominance of the home credit market and a [...]
London Report: Shell and Barratt push FTSE upward to seven-week high April 30, 2014 THE UK’S blue-chip share index set a seven-week high yesterday, lifted by a rally in energy stocks after solid results from Royal Dutch Shell, although tensions in Ukraine and poor US growth data capped gains. Shares in Shell gained 3.7 per cent, adding the most points to the FTSE 100 index, after the Anglo-Dutch company [...]
New York Report: Fed lifts Dow to new record April 30, 2014 US STOCKS rose and the Dow ended at a record high yesterday after the Federal Reserve gave an upbeat view of the economy’s prospects as it announced another cut to its bond-buying programme. Investors brushed aside data showing weak first-quarter economic growth, which was tied to the severe winter that hampered exports and hit investment [...]
Labour wants to introduce the one policy guaranteed to make the housing crisis worse April 30, 2014 The UK's housing crisis is no secret, and political solutions are offered two a penny. Unfortunately, Ed Miliband's plan to limit rents is perhaps the one thing that can be relied upon to make the situation worse for Britain's renters. At the launch of Labour's election campaign in Redbridge, Miliband is expected to say [...]
UK house prices are four years ahead of Europe’s April 30, 2014 Britain went through a pretty miserable recession following the financial crisis, and naturally house prices suffered. But look at this chart from Standard and Poor’s which shows how lucky Britain was to avoid the worst of the Eurozone crisis. The crunch in UK house prices, as a national average, lasted only until 2011. [...]