Petra Diamonds share price soars as it discovers a 232-carat white diamond September 9, 2014 Petra Diamonds saw its shares reach for the stars yesterday, after it revealed it had found an “exceptional” 232-carat white diamond at its Cullinan mine. Shares in the FTSE 250-listed South Africa-focused mining company soared 8.65 per cent yesterday on the positive discovery, finishing the day on 192.10p. Analysts at Numis said they expected the [...]
Japan mulls power plants at sea September 9, 2014 Floating power plants are being considered by the Japanese government after it expressed interest in proposals from Norwegian firm Sevan Marine, maker of cylindrical vessels for the offshore oil and gas industry. Yesterday, Sevan chief executive Carl Lieungh told City A.M. “A delegation from the company met government officials and industry partners earlier this year [...]
City Moves for 10 September 2014 | Who’s switching jobs September 9, 2014 Northland Capital Partners The stockbroker has appointed Patrick Claridge as chief executive. He has over 30 years’ experience in the securities industry, and most recently worked at Merchant Securities. Claridge has also held senior roles at E*TRADE and TIR Securities. Chubb Insurance Jalil Rehman has been appointed chief executive of the insurance company in Europe. [...]
Best of the Brokers for 10 September 2014 September 9, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com WM MORRISON Citi has upgraded to “buy” from “neutral”, but cut the target price to 190p from 220p. The broker thinks negative sentiment is already priced in, and that cash flow generation is likely to remain strong and support dividends, with the prospect [...]
London Report: Lower crude prices pull FTSE down but Morrison’s gets lift September 9, 2014 BRITAIN’S top shares yesterday inched lower on Tuesday as energy stocks weakened and investors bet on whether Scotland would vote to leave the United Kingdom in the 18 September referendum. But stocks showed little reaction to comments by Bank of England Governor Mark Carney, who suggested the bank might start to raise interest rates next [...]
New York Report: Apple fails to boost Wall St September 9, 2014 US STOCKS fell yesterday as Apple shares declined and amid concerns that the Federal Reserve could raise interest rates sooner than expected. The Dow Jones fell 97.55 points or 0.57 per cent, to 17,013.87, the S&P 500 lost 13.1 points or 0.65 per cent, to 1,988.44. The Nasdaq Composite dropped 40 points or 0.87 per [...]
How to save up for a house deposit September 9, 2014 With property prices surging in recent years – by 19.3 per cent in London in the 12 months to June, according to ONS data – the amount needed for a house deposit has shot up. The latest figures from LSL Property Services show that the average first-time buyer put down just over £30,000 for a [...]
The simple ways to master your LinkedIn account September 9, 2014 Be cut-throat with previous jobs, but think before rejecting people IT’S SEPTEMBER – the back-to-school month when hiring and switching jobs always cranks up. And in London, hiring is now rising at its fastest pace since before the financial crisis. According to a new study from recruiter Manpower, staff are being taken on across all [...]
Apple Watch in pictures September 9, 2014 Apple's first smartwatch is called the Apple Watch, dropping the famous "i" from the widely expected iWatch name. For its first foray into the category, it has a comprehensive line up of style and design options, no doubt thanks to the influence of Apple's recently hired fashion executives from Burberry, Yves Saint Laurent and Tag Heuer. Here's what [...]
iPhone 6, iPhone 6 Plus, Apple Watch, Apple Pay: What the analysts say September 9, 2014 They’re finally here. The iPhone 6, 6 Plus and Apple Watch have been unveiled, now here’s what the analysts are saying about these shiny new devices. It's clear that the smartwatch and mobile payment service have caught their attention, with the potential to expand Apple's business more than just another iPhone. CCS Insight's Geoff Blaber [...]