Economists say UK growth set to bounce back July 7, 2015 THE ECONOMY is set to grow at a quicker rate than at the start of the year, a think tank has said. The economy grew by 0.4 per cent in the first three months of the year, but the National Institute of Economic and Social Research yesterday said it expects it to quicken to 0.6 per [...]
Sepura radios in record revenues July 7, 2015 SEPURA posted record revenues for the latest financial year, in results announced yesterday. Its results for the year ended 27 March showed a 12 per cent increase in takings, up to €131.2m (£93m). The Cambridge-based firm has seen a 20 per cent rise in adjusted operating profit to €15m, despite turmoil in the foreign exchange [...]
BBC launches pocket-sized kids computer July 7, 2015 THE BBC has partnered with major firms like Barclays and ARM to release the Micro:bit. The pocket- sized computer will be given free to 11 and 12 year-olds to encourage creativity in computing from a young age, and build skills.
UK funds sector falling behind the global pack July 7, 2015 THE UK fund management industry is lagging the rest of the world in the battle to attract investors’ cash, a study showed yesterday. Britain was one of only two major territories in the world to see an outflow of money from funds last year, figures from Boston Consulting Group show. The other was France. Money [...]
New Balance’s hipster name putting spring in its stride – Brand Index July 7, 2015 New Balance’s brand has undergone something of a transformation in recent years. Now, company bosses want more. Their ambitious aim is to become a top three global athletic brand. They are targeting the market share of Puma above others, as they see them as a close rival. Is this achievable? And what does YouGov BrandIndex [...]
City gears up for big Giving Day July 7, 2015 BOSSES from 80 City firms gathered at Mansion House yesterday morning to see the launch of City Giving Day. Lord Mayor of London Alan Yarrow hosted the launch, joined by bosses at Barclays, Linklaters and UBS, to discuss how to bring philanthropy to the whole of London. City Giving Day, taking place on 30 September, [...]
City beer fest gets mayor‘s seal of approval July 7, 2015 THE CITY Music Foundation is holding a booze-up in Guildhall Yard celebrating all things beer. Lord Mayor Alan Yarrow will officially open the market this evening. Expect ale, music and a festival vibe right in the centre of the Square Mile.
City Moves for 8 July 2015 | Who’s switching jobs July 7, 2015 Investec The bank has appointed Chris Hare to its economics team, focusing on both UK and global economic issues. He joins from the Bank of England, where he was responsible for monitoring issues such as the impact of economic uncertainty on activity. Santander Asset Management Ileana Salas has been appointed global head of institutional [...]
Best of the Brokers for 8 July 2015 July 7, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com AO WORLD Panmure Gordon has cut its target price to 114p from 130p and reiterated its “sell” rating. The broker said it expects AO World’s first quarter update on 21 July to show that it will struggle to meet full‐year market expectations, with [...]
Greek drama and mining pull FTSE to six-month low – London Report July 7, 2015 BRITAIN’S benchmark equity index dropped yesterday to its lowest level in around six months, hit by persistent concerns over Greece and a pullback in mining stocks as metal prices fell. The blue-chip FTSE 100 index closed down 1.6 per cent at 6,432.21 points, around its lowest since mid-January. Global stock markets lost ground after a [...]