City Moves for 09 July 2014 | Who’s switching jobs July 8, 2014 Universities Superannuation Scheme Jeremy Hill will be returning to the pension scheme trustee company, taking up the role of group general counsel. A qualified solicitor, Hill first worked for the firm between 2009 and 2011. He has previously held leadership roles at Morgan Stanley Investment Management and Merrill Lynch Investment Management, along with positions at [...]
Best of the Brokers for 09 July 2014 July 8, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com WPP Goldman Sachs has maintained its “buy” rating on the ad giant, but reduced its target price to 1,535p from 1,555p. The broker thinks that while growth in the second quarter met expectations, greater currency headwinds may have an impact. DOMINO PRINTING SCIENCES [...]
London Report: Airline decline and M&S worries keep the FTSE in the red July 8, 2014 A PROFIT warning from Air France-KLM yesterday hit airline stocks and dragged the FTSE down by more than one per cent. The blue-chip FTSE 100 index fell 1.25 per cent, or 85.06 points, to 6,738.45 points. International Consolidated Airlines Group – the owner of British Airways – slumped seven per cent to 335.90p, the worst-performing [...]
New York Report: Dow Jones below 17,000 July 8, 2014 US STOCKS tumbled yesterday as the Dow fell nearly 118 points, ending the trading day below the 17,000 mark. The Dow Jones industrial average lost 0.7 per cent to 16,906.62. The S&P 500 index fell 0.7 per cent to 1,963.71 and the Nasdaq composite index plunged 1.4 per cent to 4,391.46. It was the second [...]
How to improve relations among your colleagues July 8, 2014 Worrying about being seen as a slacker is holding Londoners back. Many of us spend more time in the office than we do with our partners, housemates, or friends. So why are we so reluctant to invest time and energy in fostering genuine relationships with our co-workers? You might think you already [...]
Labour party to auction £140k of art work and Sir Patrick Stewart voicemail message at election gala dinner July 8, 2014 Ed Miliband is expecting Labour grandees to splash some serious cash at the party’s election gala dinner tonight, with auction lots from artists Antony Gormley, Anish Kapoor and Grayson Perry featuring a combined reserve price of £140,000. According to the leaked auction guide seen by City A.M., the party is seeking donations to boost [...]
Labour friends set to splash the cash at auction July 8, 2014 ED MILIBAND is expecting Labour grandees to splash the cash at the party’s election gala dinner tonight, with auction lots from artists Antony Gormley, Anish Kapoor and Grayson Perry featuring a combined reserve price of £140,000. According to the auction guide seen by City A.M., the party is seeking donations to boost its election campaign, [...]
Uber surge pricing curbed by New York attorney general July 8, 2014 Uber will no longer apply surge pricing to its service during emergencies and other extreme events to avoid falling foul of price gouging laws in the US. The controversial taxi service hikes fares in line with higher demand, but doing so during incidents such as a hurricane Sandy caused lawmakers to consider the regulations in more [...]
Alcoa share price up on better than expected results kicking of earnings season July 8, 2014 Alcoa has beaten expectations with its second quarter results. Profits at the aluminium producer hit $0.18 per share on $5.8bn sales, before restructuring and other items, ahead of the $0.12 per share on $5.6bn of sales widely expected. The performance compares to profits of $0.07 per share in the same period last year and $0.09 [...]
Nike ends Manchester United kit sponsorship deal after 13 years due to rising cost July 8, 2014 Nike will no longer sponsor the kit of Manchester United after the next Premier League season due to the mounting costs of the deal. It marks the end of a 13-year partnership between the world’s biggest sport brand and one of the most popular football clubs in the world. Nike said in a statement: "Any [...]