Iata expects air cargo growth March 11, 2014 Air cargo should see stronger growth this year with demand picking up in most regions, the global airlines body Iata said yesterday. In a review covering the first quarter of 2014, it said positive cyclical developments had brought a pickup in freight demand. However, it gave no specific figures.
City Moves for 12 March 2014 | Who’s switching jobs March 11, 2014 MHA MacIntyre Hudson The accounting firm has announced the appointment of Sarah Jarvie as a manager in its restructuring and recovery team. She has over 15 years’ experience, and was most recently at KPMG. PwC The professional services firm has appointed two data analytics partners to its financial services risk and regulation team. Nick Bouch joins [...]
Best of the Brokers for 12 March 2014 March 11, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com AVIVA RBC Capital has moved its target price on the insurer from 400p to 550p and upgraded the stock from “underperform” to “neutral” following last week’s results, saying that a return to top-line growth in its life business and management drive to improve [...]
London Report: FTSE nudges down to near month-long low after banks fall March 11, 2014 THE UK’S top equity index steadied yesterday after hitting a three-week low, with some investors seeing value in beaten-down stocks, although the market remained vulnerable to further declines in the near term. The blue-chip FTSE 100 index closed 0.06 per cent lower at 6,685.52 points after falling to 6,660.59, its lowest since the middle of [...]
New York Report: Wall St hit by profit taking March 11, 2014 US STOCKS fell yesterday, with selling picking up late in the session, as investors cashed in some of the recent market gains, but the S&P 500 finished less than one per cent away from a record high set last week. Indexes had swung between gains and losses in the first half of the session, as [...]
Why the government will need to cut more “green crap” to save British industry March 11, 2014 The pressure for the government to cut more green levies is growing, ahead of next week’s Budget. Major trade bodies such as the Confederation of British Industry, the manufacturers’ organisation EEF and the Institute of Directors have already warned that charges such as the carbon price floor – that taxes fossil fuel emissions – are making [...]
Why a sales tax might see the Bank of Japan pump up markets March 11, 2014 Despite having the most expansionary monetary policy of any advanced economy, Japan is set for further easing in the next few months, according to one bank. Societe Generale’s Takuji Aida reckons that the Bank of Japan could enact new measures as soon as April. Governor Haruhiko Kuroda is currently committed to increasing the monetary base [...]
£260,000 to save financial markets as we know them March 11, 2014 Financial markets are broken, dominated by a small clique of corrupt bankers who have subverted the whole meaning of capitalism for their own ends, Bank of England governor Mark Carney indicated this afternoon. The solution: a new Bank of England deputy governor to reform the way the Bank interacts with markets, make sure key benchmarks [...]
Meet the Co-op traditionalists’ top dog March 11, 2014 Ben Reid, the chief executive of the Midcounties Co-operative, is seen as the likely flag-bearer for the traditionalists in a battle for control of the Co-operative Group. The traditionalists have been opposed to many of the measures the departed chief executive Euan Sutherland has been trying to impose, such as restructuring, the selling off of [...]
Think tank estimates growth of 0.8pc in three months to February March 11, 2014 The UK economy grew 0.8 per cent in the three months ending in February, according to a GDP estimate from the National Institute of Economic and Social Research (Niesr). This is slightly up from the 0.7 per cent growth seen in the three months ending in January. The think tank said this implies that output [...]