Playtech’s offer for Plus500 gets the green light July 16, 2015 PLUS500, the online trading company recently part of a money laundering probe, yesterday won shareholder approval for a takeover by Playtech. The majority of investors voted in favour of the £459.6m offer from the Israeli gaming technology company, despite opposition to the deal from the largest shareholder, hedge fund supremo Crispin Odey. Close to 93.4 [...]
Government on the tourist trail with new regional funding plan July 16, 2015 The Prime Minister will today announce the government’s new five point plan to boost tourism across the UK, with £15m funding available to the north and the south west of England. A group of ministers from several departments, including the Home Office and the department for business, innovation and skills, led by culture secretary John [...]
Londoners more likely to keep savings from spouse: One in ten holds secret stash in bank account report reveals July 16, 2015 Over one in ten Londoners are saving money in bank accounts and deliberately keeping it quiet, a report from Lloyds Bank reveals. Lloyds Bank claims that an average of one in ten UK residents keep at least part of their savings a secret from their partner. London’s rate is slightly above this at 12 per [...]
City Moves for 17 July 2015 | Who’s switching jobs July 16, 2015 Marketform The Lloyd’s underwriter has announced the appointment of Alistair Marriott as joint deputy head of marine and class underwriter cargo. He joins from QBE, where he was cargo portfolio manager for the past 12 years. Allianz Global Investors The investment management firm has appointed Johnnie Barnett as director of UK institutional business development. He [...]
Best of the Brokers for 17 July 2015 July 16, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ARM HOLDINGS Numis reiterated its “buy” recommendation on the chip maker and said that despite some “significant market share swings” which are causing some supply chain data points to look weak, it believes the group’s royalty growth prospects are “strong in the near [...]
FTSE edges up but can not beat rise in Eurozone – London Report July 16, 2015 BRITAIN’S top share index edged higher yesterday, though without matching the gains seen across the Eurozone after Greece’s parliament approved austerity measures, with US-exposed stocks getting a lift. The FTSE 100 index closed up 0.6 per cent, at 6,796.45 points, lagging a 1.5 per cent rise for the Euro STOXX 50, with peripheral Eurozone markets [...]
US tech stocks and Greek vote boost markets – New York Report July 16, 2015 WALL Street ended stronger yesterday, with the Nasdaq up more than one per cent at a record high after earnings reports from eBay and Netflix boosted optimism. Google’s shares jumped more than 13 per cent after the bell following a better-than-expected profit report. Sentiment was also bolstered after the Greek parliament voted in favor of [...]
Office charmer: Tips for faking charisma at work July 16, 2015 Practise striking a pose and start reading works of fiction If beauty is in the eye of the beholder, then so is charisma. It was German sociologist Max Weber who first opined that personal magnetism was not a God-given gift but merely the perception of those around us. Most introverts will never have [...]
Google share price rises as chief financial officer Ruth Porat enjoys better than expected earnings July 16, 2015 The figures Google beat earnings expectations in its latest financial results with earnings of $6.99 (£4.48) a share, but overall revenue of $17.73bn came in below analysts' forecasts. Read more: Google could make joint bid for Tesco unit Excluding the cost to acquire traffic, Google's revenue in the second quarter rose 13 per cent to [...]
Interest rate hike decision could come “at turn of the year – Bank of England Governor Mark Carney July 16, 2015 A decision on an interest rate hike – the first since the financial crisis – will be made by policymakers at the end of the year, Bank of England governor Mark Carney said in a speech on Thursday. Read more: Sterling jumps after Carney says interest rate hike "moving closer" The UK's economic recovery has [...]