Best of the Brokers for 17 January 2014 January 16, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com POLYMETAL UBS has increased its target price on the stock from 590p to 610p and upgraded the miner to “buy”. The broker thinks Polymetal is well positioned to grow free cash flow, now its current project expenditure is complete, and is past the [...]
London Report: Strong gains from miners push FTSE close to 2013 peak January 16, 2014 TOP shares steadied near last year’s peak yesterday, propped up by steep gains from miners on optimism over the global economy and upbeat analyst comment. Miners added the most points to the FTSE yesterday. The FTSE 350 Mining Index rose 3.2 per cent while Rio Tinto firmed 2.5 per cent after reporting big increases in [...]
New York Report: Stocks fall on bank results January 16, 2014 THE Dow and S&P 500 slipped yesterday, with the S&P retreating from the previous session’s record high, after earnings from Goldman Sachs and other banks disappointed investors. Financials were the biggest drag on the market after both Goldman Sachs Group and Citigroup reported that lower bond trading revenue took a bite out of their quarterly [...]
The rise of the London Village January 16, 2014 IT SEEMS these days everyone wants their slice of village life, even if they live and work in the heart of the city. The Big Smoke has always been made up of distinct neighbourhoods with their own character and lifestyle, but the idea of the London Village has really taken hold in the public imagination [...]
Focus on Marylebone: Where Holmes meets luxury homes January 16, 2014 HOUSE prices in Marylebone have risen by 28.5 per cent in the last five years and the trend looks set to continue, according to statistics from property website Zoopla. “We anticipate that within the next five years, prices in Marylebone, NW1, will increase by up to 25 per cent as the area benefits from further [...]
Any Other Business – 17/01 January 16, 2014 SIR HOWARD Davies, the UK’s chief runway picker, rose an unlikely chortle at a Runways UK event yesterday in Tower Hill. The head of the government’s aviation commission was recommending the UK set up an independent “noise watchdog” – similar to one in France when he said, “I know it’s unusual to say we should copy [...]
Tower furnished with high hopes January 16, 2014 West London has a new sky-scraper. Designer Paul Dawson discusses his inspirations LAST month, interior designer Paul Dawson looked out over south west London from a building he had been building in his mind’s eye for nine years. Dawson and his 12-strong team at Honky Interiors, which caters for private clients as well as major [...]
Private View: On the market in Marylebone this week January 16, 2014 DEVONSHIRE PLACE MEWS, W1 £5.5m Tucked away just off Devonshire Street, this five bedroom house is spread over four floors. It features a large entrance hall, an open plan kitchen, a garage and a roof terrace. It’s located moments away from Marylebone High Street. Regent’s Park is also nearby and transport links from Marylebone and [...]
Goldman staff left in the dark as bank holds out on salary updates January 16, 2014 Goldman Sachs has deferred decisions on its European-based employees' salaries for 2014. The bank, which normally would have told employees their new salaries alongside the announcement of its financial results, will instead communicate this towards the end of the month. The bank has decided to change its pay structures ahead of new EU bonus rules [...]
Osborne threatens job growth with suggestion of minimum wage hike to as much as £7 January 16, 2014 Chancellor George Osborne has suggested that the national minimum wage could rise to £7 an hour. That'd be a hefty increase from the current rate of £6.31 an hour for workers aged 21 and over. It's also worrying for an economy that's only just started recovering. A hike of that magnitude – 69p per hour [...]