Autumn Statement 2014: What does George Osborne’s budget mean for you? From single parents to entrepreneurs December 3, 2014 THE SINGLE PARENT Catherine Gannon, 51 Managing partner of law firm Gannons Gannons Commercial Law continues to perform extremely well as profits and earnings increase on last year. Catherine is commercially savvy and has recently restructured the business from an LLP to a Limited Company due to the new Legislation covering LLPs. This illustrates that [...]
City Moves for 04 December 2014 | Who’s switching jobs December 3, 2014 Cornerstone Real Estate Advisers The real estate investment manager has appointed Julian Gabriel as head of investment, Europe. He was formerly head of real estate at Doughty Hanson & Co Real Estate, and has also held senior positions at Citibank and Deutsche Bank. Morgan McKinley The recruiter has appointed David Leithead as managing director for [...]
Best of the Brokers for 04 December 2014 December 3, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com GENEL ENERGY Westhouse Securities reiterated its “buy” rating following the news that Kurdistan and Iraq had reached agreement on oil exports and budget. The broker stated that the company was “best positioned to benefit from these positive developments in Kurdistan”. BAE SYSTEMS Besi Research [...]
FTSE falls back but airlines soar after Osborne’s tax cut – London Report December 3, 2014 LONDON’S top share index edged down from a one-week high yesterday, with moves in stocks exposed to measures announced in the Autumn Statement dominating in an otherwise quiet session. The blue chip FTSE 100 index closed down 0.4 per cent at 6,716.63 points. Large-cap airlines easyJet, up 2.46 per cent at 1,668p, and British Airways [...]
Another day, another record – New York Report December 3, 2014 US STOCKS rose on yesterday, with both the Dow and S&P 500 ending at records, as data pointed to improving conditions in the American services sector, boosting cyclical stocks. The Dow Jones industrial average rose 33.07 points, or 0.18 per cent, to 17,912.62, the S&P 500 gained 7.78 points, or 0.38 per cent, to 2,074.33 [...]
Driverless cars will be tested in four UK cities from January 2015: London, Bristol, Milton Keynes and Coventry December 3, 2014 Driverless cars could be coming to a road near you. Four UK cities have been chosen to test out driverless cars, according to an announcement by public body Innovate UK. Greenwich in South East London will have one project, as well as Bristol while Milton Keynes and Coventry will share one. The trials will last [...]
Spending more than a penny: This public toilet is up for auction with a price tag of £100k December 3, 2014 A toilet stop here will set you back more than a penny. The former public toilet, which is in Walton-on-Thames in Surrey, has a guide price of £100,000 plus for when it goes to auction later this month. It has just one level and is a detached building on a rectangular site which spans around 0.06 [...]
Barratt Developments and Taylor Wimpey join the FTSE 100 in quarterly shake-up December 3, 2014 Home-builders Barratt Developments and Taylor Wimpey will join the FTSE 100 index, replacing Petrofac and IMI, it has been announced today. The latter two have recently been hurt by crumbling commodity prices amid a global sell-off. Jimmy Choo, Allied Minds, CLS Holdings, Game Digital, Greggs and Spirit Pubs will join the FTSE 250. EnQuest, Fenner, [...]
The UK is getting less corrupt (and, FYI Fifa, it beat Qatar and Russia) December 3, 2014 Good news for those Britons who don’t include bribery among our hobbies. The UK is getting less corrupt. That’s according to the annual Transparency Index, which was published today. In 2014, the UK was ranked 14th with a corruption score of 78. Last year it got 76 and the year before it was 74. The [...]
Abercrombie & Fitch continues to struggle as it cuts outlook December 3, 2014 Teen retailer Abercrombie & Fitch cut its profit forecast for the year to between $1.50 and $1.65 adjusted earnings per share, which was below analyst estimates. The company said that adjusted net income fell to $30.4m in the third quarter, down 25 per cent from the year earlier. It cited "disruption and turmoil" in the teen clothing [...]