After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
The year in preview: Our in-depth guide January 5, 2014 City A.M.’s journalists take a wide-ranging look at what 2014 has in store for the world of finance and business BANKINGRestoring faith means costly overhaulsA CAUTIOUS optimism pervades the British and European banking system at the start of 2014. The incoming economic recovery is at last improving customers’ creditworthiness, while the hard work running down [...]
Best of the Brokers for 06 January 2014 January 5, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SERCO Panmure Gordon has named the outsourcer as one of its top picks for 2014, giving the stock a “buy” rating and 560p target price. The broker, whose top picks last year outperformed the market by 19.1 per cent, reckons Serco’s valuation is [...]
London Report: Retailers set to reveal scale of 2013 hangover January 5, 2014 RETAIL figures due this week will reveal whether Britain’s major brands are going into the New Year with a Christmas hangover. Marks & Spencer and Tesco are both set to report on Thursday, and J Sainsbury on Wednesday, with figures likely to show retailers faced a dismal festive season. Debenhams has already set the tone, [...]
Wall St The Week Ahead: Investors await Fed’s minutes and jobs data January 5, 2014 INVESTORS in US stocks will be looking to Washington this week, awaiting key jobs data and minutes from the Federal Reserve’s most recent meeting, when it decided to cut its unprecedented monetary stimulus. Minutes from the Fed’s 17-18 December meeting, when the central bank announced its plan to reduce monthly asset purchases by $10bn to [...]
Any Other Business – 06/01 January 5, 2014 Those of you reaping the (un)happy rewards of a Christmas spent gorging on chocolates and mince pies will be delighted to hear you can burn an average of 324 calories each day simply by going to work. Apparently, commuters in London burn the second highest amount of calories in the UK (narrowly beaten by Cardiff) [...]
3 things that could trip up the Eurozone’s recovery January 3, 2014 There are plenty of factors that could derail the Eurozone's recovery. Lacklustre data today – bank lending to the private sector fell, and broad money supply in the euro area rose only 0.1 per cent – mean the European Central Bank will continue to be pressurised when it comes to easing policy this year. Capital [...]
When will the Bank of England hike interest rates? January 3, 2014 Next Thursday is the first meeting of the year for the Bank of England's (BoE) Monetary Policy Committee (MPC). And whilst January is known to be uneventful in monetary policy terms, and the Bank's made it clear that an interest rate hike from the current 0.5 per cent is not on the horizon, doubt is [...]
Why 2014 could be the year gold bounces back January 3, 2014 2013 was a dire year for gold prices, and today's two per cent gain does little to make the 28 per cent slump of last year look any better. But Capital Economics reckons that, with sentiment already so heavily negative, the risks for the coming year are firmly skewed to the upside. For starters, says [...]
UK construction sector sees eighth month of growth January 3, 2014 There's more good news for the UK construction sector, as it continues its onward march, expanding for the eighth month in a row in December. The Markit/CIPS puchasing managers' index for UK construction PMI came in at 62.1 (62.6 November), above expectations of 62.0 and buoyed by a further big rise in housebuilding. Tim Moore, [...]
UK mortgage approvals hit six-year high January 3, 2014 Data released by the Bank of England show that the number of mortgages approved in November rose to 70,758 – the largest number in almost six years, although still far lower than figures pre-recession. Expectations were for 69,000, and the number of approvals beat October's 67,701, providing more evidence of a rapidly growing housing market. [...]