Hyder Consulting is right on track April 3, 2014 HYDER Consulting, the London-listed engineering firm behind Crossrail and the Burj Khalifa skyscraper, yesterday said that trading is in line with expectations and it is confident in its future. “We are encouraged by the recovery in the UK and our expansion in the Middle East,” it said.
City Moves for 04 April 2014 | Who’s switching jobs April 3, 2014 Brewin Dolphin The wealth management firm has announced the appointment of Guy Foster as head of research. He joined in 2006 as an analyst from Hill Martin Asset Management, where he was an investment director and portfolio manager. Axa Investment Managers The investment management business has appointed Robert Price as a solutions strategist in its [...]
Best of the Brokers for 04 April 2014 April 3, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DEUTSCHE BANK JP Morgan has cut the bank from “overweight” to “neutral” and trimmed its target from €40 to €38. The broker thinks Deutsche’s capital buffer will decline this year due to imminent rule changes, though it does not believe the bank will [...]
London Report: Shares close down despite dovish ECB and Tullow’s gains April 3, 2014 BRITISH blue-chip shares edged lower after testing a three-week high yesterday, as the end of a two-week rally in mining shares offset gains by Tullow Oil. The session proved volatile, however, with gains made in the afternoon after European Central Bank president Mario Draghi said that action will be taken if the currency union suffers [...]
New York Report: Investors wait for jobs report April 3, 2014 US STOCKS slipped yesterday as investors turned cautious ahead of today’s monthly jobs report, while a drop in biotech and momentum shares dragged the Nasdaq down nearly one per cent. Among momentum stocks, the shares of Tesla Motors fell 2.1 per cent to $225.40 and the shares of Netflix, the online movie rental company, lost [...]
Which surprise stocks will see the biggest wins from an Internet of Things? April 3, 2014 Hot on the heels of a 75-page paper from analysts at Barclays dubbed the ‘Hyperconnected World: The digital invasion” comes another mammoth paper from banking analysts on the invasion of the internet. Morgan Stanley have published a 96-page tome detailing in great precision on the Internet of Things, or IoT in short, and its impact [...]
What you need to know before the US open April 3, 2014 US futures suggest a mixed open for markets, which will have the latest jobs report to digest, with numbers from Markit indicating the health of the services sector later on. Stocks were left little changed today by the announcement by the ECB that it has, as expected, opted to keep rates on hold, despite falling inflation [...]
The Bank of England chief cashier who won the Military Cross April 3, 2014 Bank of England records released this morning include their documents on the war service of the clerks who left between 1914-1918. Hundreds of young men were given “war leave” over the period, and many returned to the Bank afterwards. One of those young men was Kenneth Peppiatt, 20 or 21 in 1914 – who was [...]
BSkyB faces “significant risks” over Premier League auction April 3, 2014 HSBC has reiterated its bearish position on BSkyB with an "underweight" rating. The bank expects concerns over the Premier League rights auction will resurface resulting in significant risks to BSkyB. Despite a rise of 8.2 per cent in BSkyB's share price since the beginning of 2014 HSBC believe that once the bidding begins for the [...]
EU Commission makes U-turn on carbon emissions April 3, 2014 The European Commission has reversed its position over plans to charge international flights for their carbon emissions. The Commission recommended the European parliament vote to exempt international flights over the EU from the scheme. Under the Commission's original proposals flights into and out of the EU would have been charged for their carbon use through [...]