City Moves for 08 May 2015 | Who’s switching jobs May 7, 2015 Cording Real Estate Group The real estate investment management firm has appointed Ewan Montgomery as director of investment in its London office. He joins from Aberdeen Asset Management, where he was a property fund director. Montgomery has also held roles at CBRE. Lloyds Banking Group Richard Jones has been appointed managing director for Black Horse [...]
Trinity Mirror revenue slumps as print sales and advertising dry up May 7, 2015 TRINITY Mirror revenues slid in the first four months of the year as the ongoing decline of print weighed heavily on the newspaper group. The company’s overall revenues slumped 10 per cent, exacerbated by an eight per cent fall in publishing revenues and a further 10 per cent fall in print income. Part of the [...]
Best of the Brokers for 08 May 2015 May 7, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com 4IMPRINT WH Ireland reiterated its “buy” rating on the promotional products company following its AGM yesterday. The broker said that while the firm’s shares are never particularly cheap, “the impeccable track record and continuing opportunity suggest that decent upside remains for this stock”. [...]
FTSE slumps on market jitters over close vote – London Report May 7, 2015 BRITAIN’S top share index fell to one-month lows yesterday as voting got underway in what looks set to be one of the country’s closest national elections in decades. With the result uncertain, the vote could yield a weak government, push the world’s fifth-largest economy a step closer to leaving the European Union and stoke Scottish [...]
Strong close as global debt worries fade – New York Report May 7, 2015 US stocks ended higher yesterday, helped by a jump in tech stocks and a reversal in surging global interest rates. Strong quarterly results from Alibaba as well as speculation that consumer review website Yelp.com could be for sale drove technology stocks higher, with the S&P tech index up 0.87 per cent. The number of Americans [...]
How the new Canary Wharf is sailing into the 21st century: With Crossrail Place gardens completed, the East End finance hub marks another milestone May 7, 2015 Canary Wharf has been a centre of upheaval for the last 30 years, and it has no intention of standing still now. It’s already renowned as one of London’s biggest financial hubs but it has also established itself as a shopping, dining and entertainment destination. By the end of the year, it will add “residential [...]
50 St Edmund’s Terrace: Primrose Hill to see rare new development May 7, 2015 New build homes may be spreading throughout the capital like wildfire but there are still some parts that remain relatively untouched by new development. These fall into two categories: areas judged not to have investment potential and affluent areas where the existing architecture is quite adequate, thank you very much. Primrose Hill falls very firmly [...]
Former Farm Street dairy in Mayfair is now £25m cash cow May 7, 2015 The boom in house prices over the past few years has been behind the transformation of many of the city’s buildings. Offices, factories and warehouses are being turned into “lateral apartments” or “contemporary family homes” left, right and centre, but it’s not often you come across a luxury mansion in a prime part of London [...]
Focus on Clerkenwell: Prices soar on the City’s edge May 7, 2015 While the Square Mile is London’s historical home of trade and finance, Clerkenwell on its northern edge is clearly the design equivalent. Since the Industrial Revolution, the area has housed craft workshops, printers, clockmakers and jewellers. The area is celebrating its rich design heritage this month with the sixth annual Clerkenwell Design Week from 19 [...]
General Election 2015 results: Why the Liberal Democrats’ wipeout doesn’t matter yet May 7, 2015 The exit poll made grim reading for the Liberal Democrats, and so have the first results. The party lost its deposits in the first three seats declared tonight, and the losses are still coming, with the cost racking up. Read more on this story: Election results mapped by constituency As this helpful twitter account [...]