Renewable stocks slide as tax exemption is scrapped July 8, 2015 ANYONE wondering whether Prime Minister David Cameron really told his aides to “cut the green crap” in 2013 may feel more certain after yesterday’s Budget, which scrapped a renewable power exemption from a climate change tax. FTSE 250-listed Drax, which converts “dirty” coal into cleaner biomass, saw its share price plunge more than 28 per [...]
Firms reassured as investment allowance frozen at £200,000 July 8, 2015 BUSINESS groups yesterday heralded the government’s decision to freeze the annual investment allowance at £200,000, although some called for the tax break to be raised higher. The allowance aims to encourage business growth by offering tax relief to small and medium-sized firms investing in equipment, plant and machinery. The allowance is currently set at £500,000 [...]
City Moves for 09 July 2015 | Who’s switching jobs July 8, 2015 Markel International The insurer has appointed David Sawyer as senior underwriter and head of professional indemnity in its professional and financial risks division. He joins from Travelers Insurance Company, where he was responsible for running its professional indemnity portfolio. Axa Investment Managers Paul Squires has been promoted to global head of trading and securities financing [...]
Best of the Brokers for 09 July 2015 July 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS Panmure Gordon reiterated its “sell” rating on the food group, noting that while there is a positive investment case to be made based upon sustained roll out of Primark, the current valuation already implies double digit growth for the next [...]
FTSE up despite hit for UK housebuilders from budget reforms – London Report July 8, 2015 A RALLY in Barclays after a management shake-up helped Britain’s top share index gain yesterday, but housebuilders took a hit from reforms introduced by finance minister George Osborne. The FTSE 100 closed 0.9 per cent up at 6,490.70 after posting its lowest close since mid-January in the previous session. However, London-exposed housebuilders and estate agents [...]
Tech glitch puts US in the ditch – New York Report July 8, 2015 US STOCKS ended sharply lower on yesterday after a hectic day that included market turmoil in China eclipsing Greece’s debt crisis, while the New York Stock Exchange suffered a major outage. Fears that a rout in Chinese stocks could seriously harm its economy pushed the S&P 500 below its 200-day moving average for the first [...]
How fitness apps can help boost your workout July 8, 2015 No 1 Fitness personal trainer Mark Hallam tells us how technology can take your health regime to the next level – but will never replace a human touch. Thanks to the Apple Watch, wearable technology that can monitor your heartrate and calorie intake has moved well and truly into the mainstream, while fitness-tracking apps [...]
5 of the best July 8, 2015 MyFitnessPal This is one of the top food-tracking apps out there, with a vast database (more than 5m) of meals with pre-loaded calorie counts. Eating less is far easier if you’re faced with a list of all your indiscretions every day. It’s also free, albeit with optional upgrades. Free, iOS and Android The Training Notebook [...]
Three tips for improving your public speaking: Use your speech to tell stories and put statistics on slides July 8, 2015 Now in his sixth year as chancellor, George Osborne’s performance delivering yesterday’s Budget was perhaps his most assured yet. It is no secret that confidence increases with practice, but public speaking remains a bete noire for many of us. Pitches and presentations are an increasingly important part of professional life, so what can you do [...]
July Budget 2015: Shares dive for green energy firms as Osborne scraps tax exemption July 8, 2015 In today's Budget, chancellor George Osborne announced that the government is scrapping a green tax exemption enjoyed by renewable energy companies since 2001. Read more: George Osborne cuts corporation tax and bank levy as he tells firms "Britain is open for business" Currently, tax is not paid on renewable electricity supplied to businesses under renewable [...]