Ukip-onomics: Slash aid, scrap HS2, raise taxes – Patrick O’Flynn discusses the credible manifesto December 7, 2014 Nigel Farage has spent years moulding Ukip into the perfect political anti-party. Bon-bons, beer and union flag bunting are in; political-correctness, strict party-lines and untouchable budgets are firmly out. But for how long? The anti-establishment teenager has grown into a young adult. At 21, the party is beginning to be taken seriously, having graduated to [...]
Christmas charity: Maggie’s gives vital support to cancer patients December 7, 2014 This Christmas, City A.M. is presenting five of its favourite charities to inspire readers' festive charitable giving – our third charity is Maggie's. Each year 300,000 people in the UK are diagnosed with cancer. What happens thereafter – the questions, the treatment, the hard decisions – not only affect the patient but also their nearest [...]
City Moves for 08 December 2014 | Who’s switching jobs December 7, 2014 BNP Paribas Real Estate James Max has been appointed UK board adviser to the property advisory firm. He joined in January 2014 as a senior advisory director. Max is a media personality and has also held roles at DTZ, Morgan Stanley, and Doughty Hanson. Addleshaw Goddard The law firm has announced the appointment of Katie [...]
Best of the Brokers for 08 December 2014 December 7, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com CAMBIAN GROUP Numis reiterated its “buy” rating, following the firm’s acquisition of Woodleigh Community Care for £63m. The broker noted that Cambian’s management believes that it will be able to roll out Woodleigh’s hub-and-spoke model to other parts of its learning disability services. [...]
Retail data to show UK spending boost from Black Friday – London Report December 7, 2014 Black Friday is expected to have added a healthy boost to November’s retail sales, which the British Retail Consortium is due to announce tomorrow. Howard Archer, of Global IHS Insight, said: “While consumers are always keen to take advantage of bargains, particularly in the run-up to Christmas, the desire for bargains has undoubtedly been heightened [...]
US banks face capital review – New York Report December 7, 2014 MARKETS are starting to slow down, with major averages seeing smaller day-to-day moves as trading declines, but investors are inclined to retain a bullish view, particularly after strong jobs data. The data calendar lightens this week with only retail sales, producer price inflation and consumer sentiment reports due. The US Federal Reserve will meet tomorrow [...]
Paddington beats Hunger Games to top of UK box office for second week in a row December 7, 2014 The UK’s love for Paddington Bear is showing no signs of abating as the latest film featuring the children’s character took the number one spot at the UK box office for a second consecutive week. According to numbers crunched by Deadline, Paddington generated roughly $5.84m (£3.75m) at the UK box office this weekend, with [...]
Mansion tax fears and stamp duty changes send the world’s super-rich to London’s rental market December 7, 2014 Anxieties over the outcome of the 2015 general election and new stamp duty reforms are persuading the world’s super-rich to rent property in London rather than buy it outright, according to a new report. London’s lettings market has benefitted from a huge bump in prime rentals, with as much as 21 per cent of [...]
BP could cut jobs to cope with falling oil prices December 7, 2014 Oil giant BP is being cut down to size by tumbling oil prices, according to reports. The Sunday Times has reported that the company is to axe middle managers and freeze projects, just days ahead of a day-long presentation to the City next Wednesday in which BP is expected to lay out its exploration [...]
North Korea praises Sony hack as a “righteous deed” but denies involvement December 7, 2014 North Korea has denied it was behind a cyber attack on Sony Pictures over the studio’s new movie release which depicts an assassination attempt on the country’s leader Kim Jong-Un. The secretive country failed to distance itself from the attack which caused huge amounts of highly sensitive information to be leaked, praising the attack and [...]