TalkTalk hack: It would be good to talk about cyber attacks and security October 28, 2015 Last week’s TalkTalk hack saw four million customers’ personal data stolen, £360m wiped from the communication brand’s market value, and a hole put in the public’s perception of the brand. The arrest – and subsequent bailing – of a 15-year old boy in connection with the attack may not be enough to placate customer worries. [...]
Best of the Brokers for 28 October 2015 October 28, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Shore Capital has reiterated its “buy” rating with a target price of 695p. It said: “We believe the soft drinks market in the fourth quarter of Britvic’s financial year – July to September 2015 – was a particularly challenging period for the [...]
Hidden gems: The little known investment funds which experts tip for great things October 28, 2015 Every saver wants the best investment funds in their portfolio. The trouble is, once a fund has become well-known after a good spell of performance, it is statistically more likely to underperform. Investing in the funds at the top of their sector rankings is not always the best idea – some experts describe this [...]
British Chambers of Commerce says chancellor George Osborne needs to make major structural changes October 28, 2015 A leading business group is calling on chancellor George Osborne to make major structural changes in next month’s spending review. In a submission published today, the British Chambers of Commerce (BCC) said that the British economy “remains in need of care and encouragement” and that the group’s members want Osborne to prioritise fixing the business [...]
Fixed rate mortgages growing in popularity as rates begin to rise – Mortgage Advice Bureau October 28, 2015 Fixed mortgage rates are growing in popularity, with 96 per cent of homebuyers opting for such products in September amid rising average rates, according to the latest national mortgage index from the Mortgage Advice Bureau (MAB). The average two year fixed rate rose from 2.68 per cent in August to 2.72 per cent in September, [...]
Steel crisis 2015: UK business secretary Sajid Javid wants emergency EU steel summit October 28, 2015 Business secretary Sajid Javid is calling for an emergency European Union meeting over the steel crisis. Javid, who is set to meet with EU commissioners in Brussels today, said “severe pressures” on the European steel sector require “urgent action”. “I want to see steel top of the EU agenda,” Javid said. “We cannot stand by [...]
Consumer confidence hit its lowest level for 2015 in September – Lloyds Bank October 28, 2015 Consumer confidence dropped to the lowest level it has been in 2015 during September, the Lloyds Bank Spending Power Report revealed today. The proportion of people who feel comfortable about their household finances also dropped to the lowest it has been for the last five months, said the report. And the number of people [...]
Elizabeth Taylor and Michael Jackson are among the celebs earning more than you, even when they’re dead October 27, 2015 Since he died in 2009, Michael Jackson has earned a cool $1bn (£654m) – $115m in 2015 alone – placing him on top of the list of dead celebrities who haven't lost their earning power. Elvis, Bob Marley, Elizabeth Taylor, John Lennon, and Albert Einstein all feature on Forbes' list of 13 top-earning dead celebrities this year. Jackson has earned triple-digit [...]
City Moves for 28 October 2015 | Who’s switching jobs October 27, 2015 SAVILLS James Grierson has been appointed strategic adviser to the property consultancy’s public sector board. He was most recently head of public sector and corporate real estate consulting at DTZ (now Cushman & Wakefield). Grierson was also formerly equity partner and board member at Donaldsons and chairman of Donaldsons Consulting. He was also a non-executive [...]
Ford puts the brakes on Dow – New York Report October 27, 2015 Uncertainty over the US interest rate outlook and disappointing results from Ford and other companies yesterday weighed on Wall Street. The Dow Jones industrial average fell 41.62 points, or 0.24 per cent, to 17,581.43, the S&P 500 lost 5.29 points, or 0.26 per cent, to 2,065.89 and the Nasdaq Composite dropped 4.56 points, or 0.09 per [...]