City Moves for 27 January 2014 | Who’s switching jobs January 26, 2014 SSE The energy supplier has announced the appointment of Jane Bednall as managing director for domestic energy. She previously held senior positions at the Intercontinental Hotel Group. Lombard Odier Group The private bank has named Hugo Banziger as a managing partner. He is currently chairman of the board of directors at Eurex. He previously worked [...]
Best of the Brokers for 27 January 2014 January 26, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Panmure Gordon has kept its “buy” rating and target price of 810p ahead of Britvic’s trading update on Wednesday. The broker said that strong underlying earnings per share growth and the increasing scale of its overseas business should underpin its recommendation. DIAGEO [...]
London Report: Growth figures set to show UK’s strong recovery January 26, 2014 GROWTH figures for the fourth quarter are expected to give further proof of Britain’s booming recovery. Economists predict expansion of 0.8 per cent in the final three months – giving the UK its strongest yearly growth since 2007. Jonathan Loynes, of Capital economics, said: “We think that the preliminary estimate of GDP in the fourth [...]
Wall St The Week Ahead: Apple, Google and Facebook earnings due January 26, 2014 US stocks could be set for another selloff this week as the Federal Reserve is expected to announce it will keep withdrawing its economic stimulus, further pressuring equities already roiled by a flight from emerging markets. Investor sentiment turned strongly bearish last week as emerging markets were hit by both country-specific problems and the realisation [...]
Content saturation: The issue on every advertiser’s mind January 26, 2014 @LiamWardProud IN AN increasingly crowded media landscape, how to reach through the morass of content and connect with the audience? The question is a pressing one for everyone working in the media, but particularly so for advertising and marketing professionals. “People are absolutely bombarded with content these days,” says Mindshare’s chief client officer Nick Ashley. [...]
Any Other Business – 27/01 January 26, 2014 On Friday The Capitalist wrote about former Autonomy boss Mike Lynch’s hearing difficulties, which he had referenced in a speech. We would like to apologise for any offence caused to Mr Lynch by the manner in which his comments were reported.
Ignore the pessimists, equities are going up. Here’s why January 24, 2014 Peter Garnry of Saxo Bank is very optimistic when it comes to the future. Innovation is making things better for humanity, and Garnry thinks it's also makes things better for investors, because it pushes up the equity-risk premium "significantly". The chart below shows the S&P 500 performance (excluding dividends) since 1927. Performance is on a [...]
After you watch this, you’ll see big government everywhere January 24, 2014 Adam Smith wrote that "people of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public" – and that's exactly what me mean when we talk about corporatism. When big business and government get in bed they can make rules to favour big companies, [...]
3 things Cameron won’t tell you about reshoring January 24, 2014 David Cameron has declared he wants Britain to become a "reshore nation." Speaking at the World Economics Forum in Davos, the Prime Minister said he wants international companies to resettle in the UK and has established Reshore UK to facilitate the process. David Cameron argued that reshoring would increase quality, shorten lead times and improve [...]
“Recovery has some way to run” before rate hike, says Carney January 24, 2014 The UK is still some way off moving away from "the emergency setting of monetary policy". Speaking at Davos, Bank of England governor Mark Carney has said that "even thought unemployment is falling faster than expected, the recovery has some way to run". After Wednesday's news that three month unemployment has fallen to 7.1 per [...]