Best of the Brokers for 14 July 2014 July 14, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com FAROE PETROLEUM PLC Cantor Fitzgerald has maintained its “buy” rating, while keeping the target price at 195p. The broker believes that the announcement of an oil discovery at its Bue well is another encouraging update from the company, providing another further addition to [...]
London Report: Unemployment figures set to show recovery July 14, 2014 UNEMPLOYMENT figures this week are expected to show that the number of people out of work has dropped again, as the UK recovery takes hold. Jobs data is likely to show an unemployment rate of 6.5 per cent in the three months to May, down from 6.9 per cent in the quarter to February. Despite [...]
Wall St The Week Ahead: Tech earnings in spotlight as US firms report July 14, 2014 EARNINGS from some of the biggest US technology companies will take centre stage next week, giving investors a chance to re-evaluate the sector’s health. Big tech names set to report this week include Intel and Yahoo tomorrow, eBay on Wednesday and Google on Thursday. The tech sector has the highest projected earnings growth rate among [...]
The in-house agency: Oliver Marketing CEO Simon Martin on the new media model July 13, 2014 Traditional ad and media agency models are under pressure – this everyone knows. But while some executives are nervously looking over their shoulders at the tech giants and consultancies, the in-house agency model is also shaking things up. According to the Association of National Advertisers, nearly 60 per cent of clients used in-house [...]
Beyond digital: What will the future look like for marketing services? July 13, 2014 WPP’S Sir Martin Sorrell released his list of the top 10 trends shaping the global advertising business last week. Alongside a shift in power to the South, East and South East of the world, and a brewing battle for talent, Sorrell discussed the continuing role of the internet in transforming marketing. While calling it [...]
What the CIA style manual can teach you about writing July 13, 2014 Be frugal with adjectives – nouns and verbs do the heavy lifting. Spies aren’t exactly known for their literary exploits. But, as in business, intelligence work requires a precise, lucid writing style that can easily be ruined by failing to adhere to a few critical rules. And sloppy writing can be costly. Communications [...]
Banco Espirito Santo told to accelerate management changes after bank’s health warning rocks markets July 13, 2014 Portugal's central bank has hit the gas on management changes at troubled financial institution, Banco Espirito Santo (BES). In a statement released today the Bank of Portugal announced that it had ordered BES to put in place new executives, who were due to take over at the end of this month. European and US stocks [...]
Scotland could be a base for space travel July 13, 2014 Scotland could be the site of the first port for spaceplanes outside the US, according to new government plans. Ministers aim to have a UK spaceport operational by 2018 and have drawn up a shortlist of potential airports. Chief secretary to the treasury Danny Alexander implied that Scotland could have an important role to play. "I [...]
Vince Cable plans to expand foreign interest test for restricting foreign takeovers July 13, 2014 Vince Cable is planning to reinforce government powers to block foreign takeovers of British companies by widening the "national interest test". The business secretary also aims to remove "wiggle room" for companies who have promised to preserve facilities and jobs. Currently politicians can step in if national security or economic stability is threatened by the deal, but [...]
World’s tallest residential building to be built in Manhattan July 13, 2014 Manhattan is set to play home to the world's largest residential building according to plans leaked to Yimby, a New York publication. In fact, depending on how you measure it, the new building may be higher than the newly-erected One World Trade Centre. The structure will tower 541 metres above New York, just 0.3 metres shorter than [...]