FTSE ends day steady as hotel stocks surge – London Report October 21, 2015 Arally in InterContinental Hotels Group and Whitbread shares yesterday following their well-received results helped to keep the FTSE 100 steady. The blue-chip FTSE 100 ended 0.1 per cent lower at 6,345.13 points, outperforming a 0.4 per cent fall in the pan-European FTSEurofirst 300. The FTSE 100 index still trades about 11 per cent below its [...]
Best of the Brokers for 21 October 2015 October 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com POUNDLAND Investec has initiated coverage of Poundland with a “hold” rating and a target price of 300p. The broker said near-term profit benefits from the integration of 99p Stores are expected to return Poundland to 20 per cent growth or more in 2017 [...]
In search of alternatives: Why new-look alternative investments are a good deal for those looking for bond-like returns October 21, 2015 This month marked the sixmonth anniversary of pension freedoms, and today’s retirees are having to make increasingly complex decisions about the future of their finances. With annuities no longer the only option, investors can turn to a multiasset approach, which can deliver a stable and attractive monthly income on a sustainable basis. In the [...]
Yahoo announces new ads deal with Google after revealing underwhelming results October 21, 2015 Yahoo last night posted an underwhelming 6.8 per cent increase in revenue for the three months to September and announced a new advertising agreement with Google. Google will pay Yahoo a percentage of revenue from ads displayed on Yahoo sites and get fees for requests for images or web search results. Yahoo’s net profit came [...]
Digital firms in Tech City UK’s Future Fifty raise £470m as international expansion increases October 21, 2015 Companies in the Future Fifty programme have raised £470m in funding during the first nine months of 2015, up 63 per cent on the total raised throughout the whole of 2014. Tech City UK, which runs the programme, said the “exceptional fundraising activity” was linked to “unprecented rates of international expansion”. Publicly funded Tech City [...]
CBI director-general: benefits of EU membership outweigh the disadvantages October 21, 2015 A leading business group has made a major push in favour of Britain’s European Union membership. In a new report published today, the Confederation of British Industry (CBI), set out its case for the UK remaining in a “reformed” EU. The CBI argued that the EU provides British firms with multiple advantages, including more customers [...]
The nightmare before Christmas October 20, 2015 Aldi and Lidl hammer British supermarkets BRITAIN’S biggest supermarkets are facing a crunch Christmas as the pressure from German discounters Aldi and Lidl is ramped up, with experts warning of a bloody battle for this year’s festive season. The German duo have both seen growth rates return to over 17 per cent in the past [...]
City Hall Tories want control of stamp duty October 20, 2015 Conservatives in City Hall want Whitehall to hand control over stamp duty to local authorities – and are bolstering their case by claiming devolution could lead to more than 40,000 new homes in London each year. Greater London Authority (GLA) Conservatives said today that City Hall could finance the building of 42,614 homes each year [...]
Chubby grocer Price leaves Waitrose helm October 20, 2015 Waitrose managing director Mark Price is stepping down from his role at the upmarket supermarket chain amid rumours he is being lined up for the top job at Channel 4. The ebullient 55 year-old, who gave himself the nickname the chubby grocer, will leave in April next year after 33 years at the John Lewis [...]
McColl’s looks to throw away newspapers in food store focus October 20, 2015 McColl’s has put 100 newsagents on the block as it focuses on opening more lucrative convenience stores instead The FTSE 250 retailer, which listed last year, has been steadily converting its newsagents into food and wine outlets at it looks to advantage of the fast-growing convenience sector and lure in higher-spending shoppers. The company said [...]