City Moves for 11 November 2014 | Who’s switching jobs November 10, 2014 RSA Ian Hood has been promoted to the newly-created role of group chief digital officer at the insurer. He was most recently digital and multi-channel director at RSA, and has also held senior positions at MORE TH>N, Swiftcover, and Direct Line. Deutsche Bank JP Rangaswami has been appointed chief data officer at the bank. Based [...]
Best of the Brokers for 11 November 2014 November 10, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DIGNITY Numis reiterated its “hold” rating, following an “unexpectedly strong” operating profit in the third quarter, up 23 per cent. The broker said the group “should continue to show solid operating progress despite the weaker than expected trend in UK deaths”. J SAINSBURY [...]
Soaring Tesco helps FTSE but Serco plummets – London Report November 10, 2014 BRITAIN’S top share index yesterday advanced to a five-week high as investors bought into the consumer staples and retail sectors, with ailing supermarket group Tesco leading the gainers. The stand-out mover of the day, however, was mid-cap services outsourcer Serco, whose shares fell 32.2 per cent to 215p after saying it planned a rights issue [...]
Trains and pharma boost Dow and S&P – New York Report November 10, 2014 THE DOW and S&P 500 yesterday extended their run of record high closes for a fourth session, led by transport and healthcare shares. The Dow Jones industrial average rose 39.81 points, or 0.23 per cent, to 17,613.74, the S&P 500 gained 6.34 points, or 0.31 per cent, to 2,038.26, and the Nasdaq Composite added 19.08 [...]
Archbishop of York urges UK businesses to adopt living wage to tackle income inequality November 10, 2014 It is time for UK businesses to start supporting the living wage, the Archbishop of York argued to Britain’s business leaders today. Archbishop John Sentamu delivered a stern and simple message to the Confederation of British Industry annual conference: “Work must pay.” The living wage, which is set at £9.15 per hour in [...]
Russia Today found guilty of bias and warned of sanctions by Ofcom November 10, 2014 Broadcasting regulator Ofcom has judged TV station Russia Today to be guilty of biased reporting, and has warned it will face tough sanctions following any future failures to provide impartiality. Russia Today, which is funded by the Russian federal government, failed to provide balanced reporting on the on the Ukraine crisis in March, according [...]
Brits are on track to spend the most since 2010 November 10, 2014 UK consumer spending could be about to hit a four-year high as Brits splash cash in hotels, bars, restaurants over high street shops, according to a new study. Visa Europe's UK Expenditure Index, which crunches card spending, said household expenditure rose by 1.5 percent in October. This offset September's blip, which saw spending fall 0.5 [...]
London’s billboards are about to get much more high tech with Clear Channel’s “London Wrap” November 10, 2014 London commuters will soon start noticing a change to the billboard adverts greeting them on their journey into the city. The huge posters at stations and at key commuter points across the capital are about to get a major makeover to bring them into the digital age. Usually plastered with an old-school poster ad made of [...]
Barack Obama backs net neutrality and says Internet must stay “free and open” November 10, 2014 US President Barack Obama has nailed his colours to the mast of net neutrality, as he urged the US Federal Communications Commission (FCC) to fully embrace the principle in its new rules on internet governance. The FCC, an independent governmental agency, is currently drawing up new rules on internet governance which are expected to [...]
HSBC boss attacks gay City leaders who stay in the closet November 10, 2014 Antonio Simoes, the chief executive of HSBC's UK operation, has criticised gay City leaders who stay in the closet. Speaking at a conference hosted by Deutsche Bank in the City today, Simoes, who spoke openly about his sexuality for the first time in a video message to his employees last year, said business leaders have [...]