Budget crisis keeps Dijsselbloem away from international talks October 10, 2013 EUROGROUP president Jeroen Dijsselbloem will not attend the International Monetary Fund’s, annual meeting, as a budget crisis will keep him in the Netherlands. Dijsselbloem was set to represent the Eurozone at the talks, but a spokesman said yesterday: “At the moment he had to give priority to domestic matters.” Though the Eurozone overall left recession [...]
Bank of Japan touts victories October 10, 2013 BANK of Japan governor Haruhiko Kuroda claimed yesterday that the country’s monetary stimulus is having its desired effect and refused to rule out further action. During a speech in New York, ahead of the annual meeting of the International Monetary Fund, Kuroda said his policies had lifted economic activity, helped hold off deflation, improved expectations [...]
City Moves for 11 October 2013 | Who’s switching jobs October 10, 2013 Smith & WilliamsonThe financial services company has announced the appointment of John Rugman as head of valuations. He was previously at PwC, where he was director of its UK regional valuation team. PwCRichard Horne has joined the professional services firm as a partner in its cyber security practice. Horne previously spent 12 years at Barclays, most recently [...]
Best of the Brokers for 11 October 2013 October 10, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ASHTEAD Numis has upgraded the equipment rental firm from “hold” to “add” with a target of 670p, after the shares lagged the rest of the market by 15 per cent in the last quarter. The broker is impressed by the group’s US business [...]
London Report: FTSE roars back as fears of a US default diminish October 10, 2013 THE UK’S top share index bounced off three-month lows yesterday as signs of progress on ending the fiscal stalemate in Washington buoyed sentiment, with banks in particular leading the index higher. Shares in Ladbrokes jumped 2.9 per cent boosted by bid speculation after software firm Playtech, was rumoured to be behind the purchase of a [...]
New York Report: Hopes of debt deal drive rally on Wall Street October 10, 2013 MAJOR US stock indexes posted their strongest rally in more than nine months yesterday after signs of progress in negotiations to raise the US debt limit, at least temporarily. The market rally left the S&P 500 less than two per cent away from its record closing high set three weeks ago, with traders now focused [...]
Join an exclusive club in the City October 10, 2013 Luxury developments are stocking up on facilities normally found in five-star hotels HOLIDAYS are great. Want to go to the gym without stepping outside in jogging bottoms? Fancy a swim at 2am? Want to relax in your own private bar? And on top of that, there’s someone on the end of the phone waiting to [...]
New homes hoping to entice families to live in leafy London October 10, 2013 Regeneration project Edgware Green nestled in among four parks, golf, cricket clubs, and tree-lined boulevards IF YOU’RE looking for somewhere leafy to put down roots, you may find a new suburban development in north west London hits the spot. Edgware Green, in Green Lane, on the border of Edgware and Stanmore, is a new-build regeneration [...]
A village in the heart of London October 10, 2013 It’s a tale of two towns with Clapham, but this new property in the Old Town allows residents to sample the best of both worlds CLAPHAM is the Dr Jekyll of south London districts. By day, it’s as genteel as you like. Well-to-do mothers crowd the streets, sipping good quality coffee while gently rocking babies [...]
Focus on… Pimlico: Live among Regency architecture in pretty Pimlico October 10, 2013 HANDSOME Pimlico sits to the south of its grander sister Belgravia in the heart of the City of Westminster. Separated by Victoria Station on the north side and the River Thames to the south, the small, mainly residential, area is known for its grand garden squares and impressive Regency architecture. It’s home to over 350 [...]