Shares slide at Chemical maker despite growth January 28, 2015 SPECIALIST chemicals firm Johnson Matthey had one of its poorest days on the London Stock Exchange in more than two years yesterday. Despite telling the market it expects profits to rise in full year profits, the update fell short of some expectations. It reported a one per cent gain in third-quarter earnings, the company said [...]
Exclusive: Taylor Wessing launching British tech network to spur US funding January 28, 2015 CITY law firm Taylor Wessing will tonight launch an invitation-only tech community aimed at linking the UK’s most promising high-growth firms with Taylor Wessing’s venture capital and private equity clients in the US and beyond. Taylor Wessing will announce the community, known as Tech Focus 100, during its annual tech predictions event this evening where [...]
City Moves for 29 January 2015 | Who’s switching jobs January 28, 2015 Octopus The fund manager has announced the appointment of Jose de Pablo as investment director to support its healthcare business. He joins from Colliers International, where he provided strategic and corporate finance advice to real estate funds, lenders and operators. Savills Mark Simms has been appointed director in the real estate adviser’s London-based retail team. [...]
Best of the Brokers for 29 January 2015 January 28, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com RIGHTMOVE Panmure Gordon moved the property website group from a “buy” to a “sell” rating, and stated that new competitor OnTheMarket could have the effect of cutting Rightmove’s total number of customers by three per cent. Rightmove’s dominant position is already priced in, Panmure [...]
FTSE creeps higher as miners dig deep after price recovery – London Report January 28, 2015 BRITAIN’S top share index edged slightly higher yesterday, with miners gaining ground following a recovery in prices of key industrial metals such as copper and aluminium. The blue chip FTSE 100 index, which climbed to its highest level since mid-September on Tuesday, closed 0.2 per cent higher at 6,825.94 points. The UK mining index rose [...]
Fed’s patient move hits oil – New York Report January 28, 2015 US STOCKS closed down yesterday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signalling it remains on track to raise interest rates later this year. Concluding their first policy-setting meeting of the year, Fed officials said they would [...]
How to get sponsorship for your executive MBA January 28, 2015 Your employer may offer more than just monetary support. Over the last few years, many have found it difficult to find corporate sponsorship for their Executive MBA (EMBA). In 2007, 34 per cent of students received full financial sponsorship from their employer (according to the EMBA Council), but by 2011, that figure had dropped to [...]
Will robots take over the world? Science fiction explores the rise of the machines January 28, 2015 Get ready to bow down before your new mechanical overlords – everyone from Stephen Hawking to Elon Musk are warning of the dangers of intelligent machines. We look to science fiction for the likely outcome. ROBOCOP (1987) Sanctimonious, violent but ultimately just, at least we know a future run by Robocop would be fair. [...]
How to recover when a sudden disaster strikes January 28, 2015 The unexpected will only derail your plans if you deal with it badly. Unexpected events are inevitable in business. The unexpected derailing your plans or your success, however, is not. Indeed, the extent to which an unforeseen setback actually causes you serious difficulties entirely depends on how you deal with it. And there are some [...]
Facebook smashes expectations with record revenue and number of active users January 28, 2015 Facebook has beaten expectations and reported revenue for the fourth quarter of $3.85bn. Revenue was expected to climb $3.8bn from $2.6bn the same time the previous year. Facebook has been on a winning streak after beating expectations last quarter on revenues and earnings. The social media giant's number of monthly active users also bust through [...]