City Moves for 25 November 2014 | Who’s switching jobs November 24, 2014 Lambert Smith Hampton Caroline Waldron has been appointed senior surveyor in the commercial property consultancy’s London office agency team. She joins from JLL, where her clients included Fidelity Investments, Threadneedle Investments and Mercer Real Estate. BNP Paribas Securities Services The custodian has announced three senior appointments to its assets and funds services team in London. [...]
Best of the Brokers for 25 November 2014 November 24, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com PETROPAVLOVSK Numis reiterated its “reduce” rating. The mining firm is selling the remainder of its alluvial assets, which made up 4.4 per cent of production in 2013. While the broker said the deal was “a drop in the ocean”, it also noted that [...]
Petrofac slump weighs on FTSE amid M&A flurry – London Report November 24, 2014 BRITAIN’S top share index edged lower yesterday, weighed down by a slump in Petrofac after it predicted low net profits, but M&A talk kept it near a two-month high. Smith & Nephew and Friends Life were said to be likely subjects for bids, and BT confirmed it might expand into mobile communications. The benchmark FTSE [...]
S&P closes at 46th new high for this year – New York Report November 24, 2014 The S&P 500 rose to a record high yesterday on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volumes were below average. It was the 46th time the S&P closed at record level this year. The Dow Jones industrial average rose 7.84 points, [...]
Is there about to be a defection to Ukip in Sherwood? November 24, 2014 The whispers about new defections to Ukip have continued since the Rochester and Strood by-election victory and the website Political Scrapbook has spotted a possible turncoat. Simon Ashcroft had been pencilled in to contest the seat in Sherwood since last December, but has now been secretly moved to contest Ashfield, another constituency. This has led [...]
London Christmas markets 2014: Where to shop, eat and be merry November 24, 2014 One of the best things about Christmas in London is the variety of markets on offer. Whether you want to browse, eat, drink or do some dedicated Christmas shopping, there will be somewhere nearby when you're in the capital. From the traditional stalls in Belgravia market to the funky arts and crafts market [...]
The S&P 500 just hit an all-time high for the 46th time this year November 24, 2014 The S&P 500 is in record breaking mood again. The index closed up 0.3 per cent on 2,069.41. This is the 46th time that the S&P has closed higher in 2014, breaking last year’s score of 45. It now has a remaining 26 days to beat another landmark: 1998’s tally of 47. Despite the bullish [...]
Has French company DCNS agreed to transfer warship to Russia despite the conflict in Ukraine? November 24, 2014 France has agreed on a deadline to deliver the first of two warships to Russia in a deal that will total around €1.2bn. DCNS, a French industrial group that specialises in naval defence and energy, has agreed with Russia to transfer the Mistral-class helicopter carrier before 27 November. With the ongoing crisis in Ukraine showing [...]
Rory McIlroy, Lewis Hamilton, Gareth Bale and Jo Pavey: Who is on the BBC Sports Personality of the Year 2014 shortlist? November 24, 2014 The BBC has unveiled which of the UK’s best athletes are up for Sports Personality of the Year 2014. Last year it was Andy Murray who picked up the coveted award. The books are now open on who will pick up SPOTY 2014 – and initially at least it looks like a close run between [...]
London house prices: Renting in the capital could cost you half your salary November 24, 2014 As Britain’s property market continues to cool, rental prices are dropping too. According to data from HomeLet, rental prices in five of seven UK regions dropped between September and October, although the annual rate was still positive at 7.5 per cent. For Greater London, which has the highest average rental prices in the country, [...]