Spanish law could allow fracking November 28, 2013 Spain’s parliament passed an environmental impact law yesterday that could open the door to hydraulic fracturing or fracking, a method that has not been used up to now in the country. The government said it would evaluate hydraulic fracturing, the first mention in a Spanish law of the technology, which has been banned in France [...]
Dutch watchdog turns on Google November 28, 2013 Google’s practice of combining personal data from its many different online services violates Dutch data protection law, the country’s privacy watchdog said yesterday after a seven-month investigation. The Dutch Data Protection Authority asked Google to attend a meeting to discuss its concerns after which it would decide whether to take any action against the cloud [...]
City Moves for 29 November 2013 | Who’s switching jobs November 28, 2013 Colliers International The commercial real estate services firm has appointed John Knowles as a partner in its national investment team. He was most recently head of capital markets at Lambert Smith Hampton, and has also held senior positions at DTZ and Jones Lang LaSalle. BNP Paribas Corporate and Investment Banking BNP Paribas has announced the [...]
Best of the Brokers for 29 November 2013 November 28, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com BETFAIR Betfair’s odds are looking good according to Numis analysts’ report ahead of interim results next week. The broker has a buy rating and 1,200p target price, and believes Betfair will give hints about where its strategy is heading, along with a four [...]
London Report: Rio Tinto holds up FTSE despite housing drop November 28, 2013 HeAVYWEIGHT miner Rio Tinto helped keep the FTSE 100 in positive territory yesterday, offsetting weakness in housebuilders after the Bank of England removed a mortgage support scheme. Rio Tinto enjoyed hefty gains in an otherwise subdued session – adding six points on its own to the FTSE 100 – as investors responded bullishly to the [...]
Europe Report: Europe gains as US shuts for Thanksgiving November 28, 2013 EUROPEAN stocks gained ground yesterday in light trade, with Italian shares outperforming after the country’s Senate expelled former Prime Minister Silvio Berlusconi, fuelling hopes of stability for the current government. The FTSEurofirst 300 index of top European shares gained 0.4 per cent at 1,305.02 points, hitting its highest closing level since 2008. Volumes were thin, [...]
The Bank has put the brakes on Funding for Lending – Why not on Help to Buy? November 28, 2013 Threats of an overheating housing market have reached Threadneedle Street, and they're cutting out the mortgage incentives from the Funding for Lending Scheme (FLS). This morning Bank of England governor Mark Carney said that "risks to financial stability may grow if there are further substantial and rapid increases in house prices". FLS was launched at [...]
UK immigration and emigration are falling: three illuminating charts November 28, 2013 UK emigration is at its lowest since 2001, according to the latest estimates from the Office for National Statistics (ONS). The number of people emigrating fell from 349,000 between June 2011-2012 to 320,000 between June 2012-2013. (ONS) The number of people immigrating also fell: 503,000 people immigrated to the UK between June 2012 and 2013 [...]
BT Sport bags multi-year NBA deal November 28, 2013 BT Sport and the NBA have signed an agreement for exclusive live television coverage of top NBA games in the UK and Ireland. The multi-year agreement begins on 1 December with the Indiana Pacers taking on West Coast rivals the LA Clippers on BT Sport 2. The deal will see up to 200 games shown [...]
Co-op sheds customers in wake of scandal November 28, 2013 The Co-operative Bank announced on Thursday that a combination of recent scandals and the relative ease at which customers are now able to switch banks has led to the bank losing customers. However, the Co-op did not disclose how many customers had left the bank. The self-styled ethical lender admitted that it had suffered "reputational [...]