Icap: outlook is positive despite uncertainty on Greece and rates July 15, 2015 ICAP boss Michael Spencer said the broking firm had started the year on an improved footing, despite challenges arising out of the uncertainty regarding Greece and a lack of clarity around interest rates. The company posted a one per cent drop in revenue for the three months between 1 April and 30 June, however the [...]
City Moves for 16 July 2015 | Who’s switching jobs July 15, 2015 Logistics Capital Partners The project development and asset management services provider has announced the appointment of Andrea Benvenuti as a partner. He joins as managing director of development and construction from Amazon. Benvenuti has also held senior roles at Prologis. Willis Group The risk advisory, re/insurance broking, and human capital and benefits firm has appointed [...]
Best of the Brokers for 16 July 2015 July 15, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Shore Capital reiterated its “buy” rating on the drinks firm, ahead of its trading update for the third quarter. The broker said Britvic has “an attractive investment case based on strong earnings growth underpinned in part by its ongoing cost-savings programme and [...]
Travis Perkins builds support as FTSE levels – London Report July 15, 2015 BRITAIN’S top share index ended flat yesterday, with building supplies company Travis Perkins leading gainers after a broker upgrade, while luxury goods maker Burberry was among the biggest fallers after posting slower sales growth. Investors were reluctant to place strong bets before a crucial vote in Greece on a proposed bailout package to save the [...]
Wall St falls as energy drags finance gains – New York Report July 15, 2015 US STOCKS stocks edged lower yesterday following comments from Federal Reserve Chair Janet Yellen, as a decline in energy shares outweighed gains in the financial sector in the latter stages of trading. The energy sector, down 1.6 per cent, was the worst performer of the 10 major S&P groups as oil prices retreated on concerns [...]
We need a new approach to tackle youth unemployment: Lack of proper skills is strangling productivity growth across EU – ACCA Comment July 15, 2015 It is no secret that productivity is not an area of strength for the UK. In fact, productivity levels in Britain are 21 per cent lower than the average for the other six members of the G7 – namely the US, Germany, France, Italy, Japan and Canada. Clearly mindful of this fact, and the [...]
Apple Pay: How does it work and is it any quicker? A guide for the new contactless payment system July 15, 2015 Apple Pay has finally arrived in the UK. Well, sort of. If you have the right iPhone and the right bank and you shop in the right place and if the sun is shining at just the right angle – then you can use Apple Pay (okay, we made the bit about the sun up). [...]
5 the war on cash July 15, 2015 Transport With apps like Uber, cashless buses and contactless payments on the Tube, public transport is practically a note-free zone already. The London Underground has had NFC technology since the introduction of the Oyster card, which means it’s Apple Pay ready. Retail Many high street retailers have jumped onto the contactless bandwagon in recent years, [...]
The Bridge’s Saga: My business idol July 15, 2015 The fictional Scandinavian detective may be embarrassingly direct but she gets the job done IS IT acceptable to call your boss in the middle of the night?” asked Michael Brimm, emeritus professor of organisation and management at Insead, when I was doing my MBA. His daughter had just called him at 3am to say [...]
In photos: Riots erupt in Greece as Alexis Tsipras urges MPs to back bailout July 15, 2015 Anarchist protestors and Greek riot police clashed violently outside the Athens parliament while MPs gathered inside to vote on reforms demanded by its creditors in its bailout package. Read more: Referendum spurs Greek job hunters to search abroad… and the UK is a favourite Stones and molotov cocktails were thrown at Greek police and a [...]