City Moves for 23 September 2013 | Who’s switching jobs September 22, 2013 Savills The property company has recruited Brian Gaffney as a director and head of property management in Belfast. Gaffney has over 15 years’ industry experience. He joins from Colliers International, where he was head of its property management division. Standard Chartered The bank has announced two appointments to build its legal, compliance and regulatory programmes. [...]
Best of the Brokers for 23 September 2013 September 22, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com COMPASS Panmure Gordon has maintained its “hold” stance and target price of 820p on the food group ahead of its fourth quarter trading update on Thursday, saying that limited M&A activity over the course of the yearmeans there is potential to return some [...]
London Report: House prices set to show strong recovery signs September 22, 2013 HOUSE price data set to be released this week is likely to show a strong month-on-month rise for September, pushing the annual increase to a three-year high. The boost, shown in Nationwide data, reflects stronger consumer confidence and a higher employment rate, but is also likely to highlight the dangers of a possible house price [...]
Wall St The Week Ahead: US stocks may suffer from fiscal fighting September 22, 2013 INVESTORS may be tempted to shy away from stocks in the next week or two as the latest version of the fiscal follies plays out in Washington. It’s understandable. The prospect of a government shutdown or, worse, default on the federal debt, rekindles memories of 2011 when Washington’s infighting prompted the loss of the United [...]
The man who went from hotdogs to thinkpods September 22, 2013 Regus founder Mark Dixon tells Michael Bow why serviced offices are at the cutting edge of technology SITTING behind a boardroom table in an office on Berkeley Square in Mayfair, Mark Dixon, founder and chief executive of serviced office company Regus, is sipping from a Pret A Manger paper cup. With his round tortoiseshell spectacles [...]
German election unlikely to provoke demand for safe-haven assets September 20, 2013 With Germany's federal election due to be held this Sunday, research group Capital Economics says that an immediate resurgence in demand for safe-haven assets is unlikely. Although the current coalition could, the research group says, could stay in government, they are expecting a grand coalition between the Christian Democratic Union and Social Democratic Party. Capital [...]
Eurozone consumer confidence improvement disappoints in September September 20, 2013 Eurozone consumer confidence has improved from -16 to -14.9 in September. That's a smaller improvement that the jump to -14.5 that analysts were anticipating. Christian Schulz, senior economist, Berenberg: Consumers set a moderately positive tone ahead of the series of important Eurozone sentiment indicator releases next week. The EU Commission’s consumer confidence indicator rose for [...]
Khan hints at mayoral run 2016 September 20, 2013 Labour go-getter Sadiq Khan has hinted that he may run for London Mayor 2016. In interviews today with the Evening Standard and the Guardian, the shadow justice secretary and lord chancellor confessed to being interested, should the potential for the position arise. He said: “If I was at the edge of the box and the [...]
US Fed’s Bullard says inflation is still on the low side September 20, 2013 The Fed's James Bullard has warned that the Federal Reserve's focus has shifted too much towards jobs and away from inflation. Bullard reminded viewers of Bloomberg that the Fed has a dual mandate, and must consider both jobs and inflation. He said that inflation is still low. The Fed's man said that labour force participation [...]
CWU announce Royal Mail strike ballot for next Friday September 20, 2013 Workers' union CWU has announced plans for a strike ballot to be held next Friday. City A.M. business writer Liam Ward-Proud says on the impact of a strike: Stevenson [Tom Stevenson, an investment writer for fund manager Fidelity Capital] says that there are risks around the workforce, with strikes planned in reaction to the privatisation, [...]