City Moves for 09 December 2014 | Who’s switching jobs December 8, 2014 TSP The commercial property agency has announced two promotions. Jonathan Vanstone-Walker becomes director of surveying & agency. He joined TSP in 2011. Abigail Bridgland (pictured) becomes senior associate surveyor. She has been at the firm for two years. State Street Matt Davey has been appointed senior vice president and head of the asset manager client [...]
Best of the Brokers for 09 December 2014 December 8, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ARROW GLOBAL Shore Capital reiterated its “buy” rating. The broker said that the specialist loan portfolio acquisition company has had an action-packed last few months, and added that the investment case for owning Arrow shares has improved considerably over the course of the [...]
UK commodities suffer after new drop in oil price – London Report December 8, 2014 Britain’s top equity index retreated yesterday, with commodity stocks hurt by a new drop in the oil price and concerns about the pace of global economic growth, after disappointing data from China. The shares of energy services group Weir also slumped by 5.3 per cent after US-based brokerage Cowen & Company cut its price target [...]
Energy index and China data drag US stocks – New York Report December 8, 2014 THE S&P posted its biggest daily percentage drop since 22 October yesterday as oil’s slump to a five-year low caused a selloff in energy shares. Worries about global growth added to the bearish tone. Data showed China’s exports grew at a slower-than-expected pace and imports dropped in November, while Japan’s economy shrank more than expected [...]
Sony share price tumble following hack into PlayStation store December 8, 2014 The continuing cyber attacks on Sony are beginning to make investors nervous, as shares in the tech company fell significantly for the first time since the hacks on the tech company began on 24 November. Sony’s share price had stayed steady since the breaches began, yet after the official PlayStation store was brought down [...]
Carillion scores £75m Anfield contract as Liverpool look to increase matchday revenues December 8, 2014 The expansion of Anfield’s main stand will begin in earnest this week after Carillion sealed a £75m contract with Liverpool Football Club. The project will add around 8,500 seats to the Liverpool stadium, stretching its capacity to 54,000 and briefly making it the third-largest football ground in the Premier League. Builders will aim to keep as [...]
Here’s what would happen if London followed Paris’ example and banned diesel vehicles too December 8, 2014 Paris mayor Anne Hidalgo has called for a ban on diesel cars in the city by 2020, saying pollution was contributing to lower life expectancy and quality of life in France’s capital. What would happen if London followed suit? Boris Johnson is already considering increased taxes on diesel cars – but based on the fact Londoners are [...]
Three senior officials leave FCA as financial watchdog restructures December 8, 2014 The Financial Conduct Authority (FCA) has said goodbye to three senior officials amid a review and reorganisation of its strategy. Director of supervision Clive Adamson’s departure has been confirmed by the British financial watchdog, while executive committee members Zitah McMillan and Victoria Raffe will also leave as part of its restructuring. The FCA, [...]
Explosions, chemical warfare and spying: After a Heathrow plane’s near miss, here are six terrifying ways drones could be used against us December 8, 2014 After a mystery drone nearly collided with an aeroplane as it came in to land at Heathrow in July, there have been further warnings surrounding the threats posed by unmanned air vehicles (UAV). The UK Airprox Board (UKAB), which oversees air passenger safety, is working on a report confirming the Airbus A320 pilot saw the drone [...]
Tristram Gethin: Three things you didn’t know about the Quadrant Estates MD and co-founder December 8, 2014 1 He may be a property bigwig now but his childhood ambition was to become a tractor driver or a fireman. 2 A fan of yacht racing, he was part of the Lutine crew that won the fastest English Channel night crossing in 2007, despite adverse weather conditions. 3 He’s an enthusiastic sportsman and enjoys [...]