Million Mask March London 2015: Police impose widespread restrictions around Anonymous protest amid fears of violence November 4, 2015 The Metropolitan Police has issued a stark warning to protesters planning to take part in the Million Mask March on Thursday (5 November of course), amid fears it could descend into violence. The protest is being organised by hactivist group Anonymous. Participants are invited to wear "white judicial wigs, black robes and Anonymous masks" and meet at the Ecuadorian [...]
Wetherspoon’s share price tumbles as boss Tim Martin warns Living Wage costs could lower pub chain profits November 4, 2015 Wetherspoon's share price tumbled this morning after boss Tim Martin warned that rising labour costs could result in lower annual profits, with margins falling in its first quarter. The figures The pub chain grew like-for-like sales 2.4 per cent in the 13 weeks to 25 October, while total sales rose by 6.1 per cent, buoyed by the Rugby [...]
Marks & Spencer’s share price climbs as retailer increases dividend despite clothing sales declining again November 4, 2015 Struggling high street giant Marks & Spencer has recorded yet another period of declines in its general merchandise division – but has handed shareholders an incentive to stick with it in the form of a dividend hike. The figures Top line figures suggest there is a slight improvement in performance, with group sales up 1.4 [...]
Word from the wise: Why it pays to listen to your parents November 4, 2015 As businesses across the capital prepare to celebrate Bring In Your Parents Day tomorrow, new research from LinkedIn reveals that parents stop giving career advice too early. Indeed, over a third (37 per cent) of Londoners feel that they’ve been given too little guidance from their parents about how to get on the career ladder [...]
Why it’s time to think about remortgaging your house November 4, 2015 Homeowners are currently benefitting from record low interest rates. This is a result of a number of factors, including greater competition in the market, strengthening confidence in the economy, and the Bank of England’s base rate being held at an all-time low. Many seasoned players in the mortgage market may remember watching for the [...]
Rally in energy stocks helps FTSE to end up – London Report November 4, 2015 A late rally in energy stocks on the back of strong crude oil prices yesterday helped to outpace weaker banks – particularly Standard Chartered – and lift the FTSE 100. The blue-chip FTSE 100 index ended 0.3 per cent higher at 6,383.61 points, helped by a 3.3 per cent jump in the UK Oil and [...]
Best of the Brokers for 4 November 2015 November 4, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SUPERGROUP Canaccord Genuity has raised its target price for the stock from 1,627p to 1,847p and reiterated “buy” following a visit to SuperGroup’s head office this summer and ahead of the retailer’s half-year results tomorrow. In a bullish note entitled “everywhere you [...]
GLA Conservatives estimates £576m per year tied up in spare London rooms and encourages Londoners to try out AirBnB November 4, 2015 London’s spare rooms could be worth £576m a year, according to Greater London Authority (GLA) Conservatives. Tony Arbour, GLA Conservatives Assembly tourism spokesman, has argued that half a million people in the capital could rent out a spare room to help pay their bills, which would also bolster London’s tourism industry. According to the GLA Conservatives’ [...]
London mayoral election 2016: Labour candidate Sadiq Khan says he would reconsider City Airport November 4, 2015 Labour mayoral candidate Sadiq Khan has suggested that he would reverse Boris Johnson’s decision to block expansion at London City Airport, saying today that as mayor he would “reconsider” plans to enlarge the East London airport. Khan, a former transport minister, said that if elected he would “look again” at the decision “in detail”. “City [...]
Dovish statements from ECB president Mario Draghi send the euro tumbling again November 3, 2015 The euro fell against the pound and the dollar last night, following European Central Bank (ECB) president Mario Draghi reiterating the dovish comments he made in October. Speaking at a cultural event in Frankfurt, Draghi repeated that the ECB would review the degree of monetary stimulus required at the next governing council meeting in December, [...]