Asteroid watch? Knight Frank’s space odd-yssey March 2, 2014 RICHARD Branson’s efforts to turn us into space tourists present many possibilities for mankind. Lady Gaga plans to become the first performer to do a concert in space, while Wolf of Wall Street star Leo DiCaprio (who has a Virgin Galactic ticket) could deliver his best “Jordan Belfort visits the cosmos” impression. But what about [...]
Former hedgie turned chutney whizz makes Veuve’s shortlist March 2, 2014 IT WASN’T that long ago Jenny Dawson was more interested in hedging than vegging, but now the former Odey Asset Management employee is busy using discarded fruit and veg to make chutneys and jams for her business Rubies in the Rubble. Dawson has just been announced as one of the shortlisted women for Veuve Cliquot’s [...]
Three things you didn’t know about… March 2, 2014 Head of Private Banking, Metro Bank Kirsty MacArthur 1 Before joining the world of private banking, Kirsty spent a year working as a script writer for Children’s BBC. She worked on the Short Change programme which focused on kids’ consumer issues. 2 The most adventurous thing Kirsty has ever eaten is Fugu, the (potentially) poisonous [...]
Enterprising kids end Tenner Relay at BOE March 2, 2014 DRAGONS’ Den’s Duncan Bannatyne met a younger set of entrepreneurs than he’s used to on Friday when he helped the Bank of England celebrate the end of the Tenner Relay – a challenge for UK schools to turn a £10 note into a profit, before passing it on to the next school. Pupils from Winchmore [...]
City Moves for 03 March 2014 | Who’s switching jobs March 2, 2014 Berwin Leighton Paisner The law firm has announced the appointment of Adam Dann as departmental managing partner of its finance division. He has led its projects and infrastructure group since 2010. Prior to that, he held roles at Hardy Oil & Gas and Dewey Ballantine. Aldermore Asset Finance The bank has made four appointments to [...]
Best of the Brokers for 03 March 2014 March 2, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com J MENZIES Panmure Gordon has a “buy” rating and 840p target ahead of the logistics firm’s full year results tomorrow. The broker expects a 4.4 per cent fall in pre-tax profits to £53.1m, due to falling magazine volumes, while the aviation business looks [...]
London Report: UK marks five-year anniversary of low Bank interest rate March 2, 2014 WEDNESDAY marks the five-year anniversary of the Bank of England’s record low 0.5 per cent interest rate, a figure that Thursday’s rates decision is unlikely to change. In other economic news, February PMI reports for manufacturing, construction and services will be announced. The corporate calendar starts today with news from Amlin, Intertek, Keller Group, Senior [...]
Wall St The Week Ahead: Weather sways US economics March 2, 2014 AFTER months of sub par economic data that has been blamed at least partially on the brutal winter weather, investors may still struggle to discern the real picture of the economy next week. The closely watched monthly jobs report due on Friday is expected show that employers stepped up hiring a bit in February, but [...]
Blurred lines: What the rise of branded content means for marketers March 2, 2014 @LiamWardProud WHEN is an ad not an ad? Last year, Channel 4 aired a daytime cookery show called What’s Cooking? It featured celebrity chefs including Jean-Christophe Novelli, and often drew an audience in excess of 200,000 according to Kantar Media. But there was something different about this programme: the food featured was mostly Sainsbury’s own-label [...]
Citi slashes earnings by $235m after Mexico unit fraud February 28, 2014 American bank Citigroup has announced that it will lose an estimated $235m (£140m) on its full-year earnings for 2013 "as a result of a fraud recently discovered in its subsidiary in Mexico." The financial impact will lower Citi’s 2013 net income from $13.9bn to $13.7bn. The announcement concerned $585m of short-term credit that was extended [...]