LivingSocial UK chief joins YPlan to spearhead European growth March 17, 2014 YPLAN, the mobile booking app founded by former City workers Rytis Vitkauskas and Viktoras Jucikas, has appointed the chief executive of LivingSocial as its operations chief, starting today. Peter Briffett ran LivingSocial UK and Ireland for four years before his move to YPlan, where he will be tasked with growing the app’s customer base and [...]
Economics is baffling to half the population March 17, 2014 JUST 48 per cent of UK adults understand how the economy works, according to a new poll out today. International research has uncovered an economic literacy gap that leaves the UK lagging behind many of its competitors around the world; especially when it comes to understanding how our spending decisions impact the local economy. Steve [...]
City Moves for 17 March 2014 | Who’s switching jobs March 17, 2014 Chelverton Asset Management The asset management firm has appointed Richard Bucknell as an investment director in its unquoted equities team. Prior to joining, Bucknell held senior investment management positions at Barclays Ventures. Insparo Asset Management The Africa and Middle East specialist investment firm has hired Peter Lindqvist as head of sales and marketing. Lindqvist was [...]
Best of the Brokers for 17 March 2014 March 17, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com MORRISONS Cantor Fitzgerald keeps its “buy” rating and puts its target under review after the supermarket’s profit warning last week. The broker thinks the shares will be supported by the prospect of a takeover by the likes of Amazon or a grocery rival [...]
London Report: Osborne in spotlight as Britons await the 2014 Budget details March 17, 2014 THE spotlight will be on Chancellor George Osborne this Wednesday as he delivers the 2014 Budget. Other economic news includes the Bank’s Monetary Policy Committee (MPC) minutes plus unemployment figures, also on Wednesday, the CBI Industrial Trends survey on Thursday and government borrowing figures at the end of the week. The corporate calendar starts today [...]
Wall St The Week Ahead: Crimean vote spooks market March 17, 2014 INVESTORS will start the week early as yesterday’s referendum to decide if Crimea becomes part of Russia or remains Ukrainian will likely reverberate in markets worldwide. US stocks closed Friday with their largest weekly drop in the last seven weeks as the strongest confrontation between Russia and the West since the end of the Cold [...]
Three new ways to play 2048 that you never thought of March 16, 2014 By now you've probably beaten the massively addictive 2048, if not, you're certainly hooked on it. If you're not quite there – don't worry. The developer of the game, Gabriele Cirulli, tells City AM that even he hasn't managed to defeat it yet. And if you're still stuck we have a strategy guide to help [...]
How to beat addictive puzzling game 2048 March 15, 2014 If you've tried 2048, then you're probably already aware of how fiendishly difficult, yet instantly addictive the puzzler is. The creation of 19 year old Italian developer Gabriele Cirulli, it's based on 1024 by Veewo Studio and is described by the author as being "conceptually similar" to Threes by Asher Vollmer. The aim of the game is to shuffle [...]
Sentiment falls as US consumers lose confidence about the future March 14, 2014 Consumer confidence in the US dwindled in March, according to a preliminary estimate from Reuters and University of Michigan. The consumer sentiment reading dropped unexpectedly, coming in at 79.9 this month, below the estimated 82 and following February’s 81.6. Although consumers were upbeat about the current situation, outlook on the future was less positive, with [...]
What you need to know before the US open March 14, 2014 US futures had been moving higher today, pointing to a more optimistic open for markets after a difficult week. But bond yields have slipped after an unexpected fall in producer prices: The producer price index fell 0.1 per cent in February, with services decreasing 0.3 per cent. Goods, however, rose 0.4 per cent. Consumer confidence, [...]