City Moves for 01 November 2013 | Who’s switching jobs October 31, 2013 Legal & General Property The property business has announced the appointment of Imogen Ebbs as a senior asset manager to support its limited price inflation income property fund. She was most recently at Lloyds Banking Group, where she was an associate director in its property solutions division. Baker Tilly The accountancy firm has recruited Winn Faria [...]
Middle Eastern visitors ranked as the top hotel spenders in UK October 31, 2013 MIDDLE Eastern visitors spend more on their stay in the UK than tourists from any other countries, forking out almost 60 per cent more per night on a room than the average rate. Figures released yesterday by the website Hotels.com showed that tourists from countries in the Middle East upped their spending on hotel room [...]
Unemployment hits record high in the Eurozone October 31, 2013 THE EUROZONE’S economic recovery showed signs of fltering yesterdy s unemployment hit fresh high in September, officil dt reveled. Even the lrgest economy, Germny, showed signs of wvering s its retil sles fell in the month. Eurozone unemployment incresed by 996,000 in the yer to 19.45m. Youth unemployment edged up 8,000 to 3.55m. The overll [...]
Boris Johnson calls in plans for £1bn Convoys Wharf scheme October 31, 2013 LONDON mayor Boris Johnson has taken over control of the planning process for the £1bn regeneration of Convoys Wharf in south east London, after a clash between the developer and the council. Ambitious plans to regenerate Deptford by building 3,500 homes, a new wharf, a hotel and three new towers were submitted to Lewisham council [...]
Time Warner Cable hit by CBS blackout October 31, 2013 TIME Warner Cable cut its full-year revenue growth forecast yesterday after losing more video customers than analysts had expected from a month-long blackout of CBS. Time Warner Cable, which also posted an unexpected decline in internet customers in the third quarter, said it expected full-year revenue to grow three per cent to 3.5 per cent, [...]
Countrywide lifts forecasts as it predicts housing volumes boost October 31, 2013 BRITAIN’S biggest estate agency Countrywide increased its full-year profit forecast yesterday as it bets on a strong uplift in housing sales. The company, which raised £200m when it returned to the stock market earlier this year, has been helped by the housing market recovery, fuelled by government measures to help struggling Britons purchase their own [...]
Luxury skincare products help Estee Lauder post higher sales October 31, 2013 ESTEE Lauder reported higher sales yesterday, led by gains in its luxury products such as La Mer skin cream, that helped it overcome softness in South Korea and southern Europe, and the beauty group maintained its full year sales forecast. Lauder, known for its namesake brand as well MAC, reported net income of $300.7m (£187.5m) [...]
The CBI boss on why political risk is now the biggest threat to business October 31, 2013 John Cridland tells Allister Heath and Elizabeth Fournier that investors are beginning to worry about the UK AFTER more than two decades spent inhabiting the CBI’s offices in Centre Point, the shockingly ugly high-rise just off Tottenham Court Road, John Cridland is on the move. When not kept busy preparing his submission to the chancellor [...]
Best of the Brokers for 01 November 2013 October 31, 2013 NOKIA UBS keeps its neutral rating on the telecoms group and hikes its target price from €4.60 to €5.40. The broker is upbeat about Nokia’s margin progress but thinks it will take time to grow revenues from licencing. FERREXPO Cantor Fitzgerald reiterates a buy stance for Swiss iron-ore producer but has cut its target from [...]
London Report: Weak energy results push the FTSE 100 down October 31, 2013 ADROP in the share prices of oil major Shell and chemicals maker Croda knocked Britain’s benchmark equity index down from five-month highs yesterday. Some traders said it could herald a further, minor pull-back on the blue-chip FTSE 100 as traders cash in profits from a four per cent rise in the index in October. The [...]