The Festival of Words: From Gyles Brandreth to Anthony Scaramucci – all you need to know about the Fleet Street Quarter festival
Best of the Brokers for 24 September 2014 September 23, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com EASYJET Cantor Fitzgerald has upgraded to “buy” from “hold”, raising the target price to 1,600p from 1,500p. Cantor thinks it is a good time to buy as the stock was weak in the summer like the rest of the sector, and Cantor also [...]
London Report: New US pharma rules drag down UK drug firms September 23, 2014 THE FTSE 100 took a tumble yesterday as pharma shares were hit by overnight news that the US had announced new rules to reduce the benefits available to its companies buying overseas businesses for tax reasons. The FTSE 100 suffered a 1.44 per cent fall to 6676.08 points, its worst performance since 3 March. Poor economic [...]
New York Report: Global growth fears weigh on Wall Street September 23, 2014 US SHARES fell yesterday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth. The Dow Jones industrial average fell 116.81 points, or 0.68 per cent, to 17,055.87, the S&P 500 lost 11.52 points, or 0.58 per cent, to 1,982.77 [...]
London house prices make it the world’s most expensive city September 23, 2014 London is the world's most expensive city, according to a new report. High property costs (the average price just went over £500,000 according to the ONS), high transports costs and expensive drinks have long been the bane of Londoners, and now a new report from Savills, an estate agent, has calculated London to top its [...]
World debt mapped: The UK has the fourth-highest household debt in the world September 23, 2014 The UK had the fourth-highest total household debt in the world in 2013. According to research by Allianz, the European insurance company, the total amount of debt in the UK stood at £1.8tn last year, or 95 per cent of (then) GDP. That figure equates to a per-capita debt of €29,550: high enough to place the [...]
Karren Brady: West Ham are aiming for the top six, but club’s wage bill is already at FFP limit September 23, 2014 West Ham United vice-chairman Karren Brady has hinted that she would turn down any ground share request from Tottenham Hotspur. Tottenham’s new stadium will not be ready for the 2017-18 season, meaning the North London club have been left looking for a temporary home. The Olympic Stadium in Stratford has been touted as a [...]
Labour Party Conference: Watch Ed Balls dance to Gangnam Style September 23, 2014 Ed Balls really likes to blow off steam at the Labour Party conference. Not content with shedding the blood of Northern Echo journalist Paul Merrick at the annual pre-conference charity football match over the weekend, now the shadow chancellor has been filmed getting down on the dancefloor – though this time around he's arguably [...]
Labour Party Conference: Critics slam Miliband’s mansion tax plans September 23, 2014 Ed Miliband today confirmed Labour's plans to introduce a "mansion tax" on homes worth more than £2m – but his plans have already met with criticism. Nick Leeming, chairman of national estate agents Jackson-Stops & Staff, has dubbed it the "Downton Abbey view of politics" claiming it is "distorting" the view of who owns homes [...]
UN climate change summit: Cameron to focus on shale gas extraction September 23, 2014 Today, world leaders including Prime Minister David Cameron have gathered in New York for the UN climate change summit. UN leader Ban Ki-moon, who is hosting the event, said the talks are ‘not to talk, but to make history’. He has asked more than 100 global leaders to make pledges for cutting greenhouse gas [...]
Finally, Google stops forcing Google+ on Gmail users September 23, 2014 Could this be the beginning of the end for Google+? After years of forcing Gmail users to sign up to a G+ account, Google has finally stopped the practice – for new Gmail users, at least. Google+, Google's "Facebook killer", was launched in 2011 to lukewarm reviews. Since then, all users have been automatically signed [...]