Western retail business looks to Russian capital for new markets September 3, 2013 EUROPEAN retailers are increasingly shifting their focus eastwards, as Moscow becomes a top destination for shoppers and consumer spending. Mark Faithfull, the editor of Retail Property Analyst, said: “Moscow is the obvious starting point for international retailers looking to expand”. He added that while luxury products were the first to find the market, familiar brands [...]
Anglo American hires Judy Dlamini September 3, 2013 FTSE 100-listed miner Anglo American yesterday said it has appointed Judy Dlamini as a non-executive director, effective from 1 January 2014. Dlamini is currently chairman of Aspen Pharmacare, a multinational pharmaceutical business, and founder and chairman of Mbekani Group, a South African healthcare investment company. She has been a non-executive director of South Africa’s Northam [...]
Pirc hits out at SuperGroup pay September 3, 2013 Investors in fashion brand SuperGroup should vote against the firm’s executive pay plans and its auditor, according to investor advisory group Pirc. The group is unhappy with SuperGroup’s conditions on variable pay for top staff, which Pirc argues lead to “excessive payouts even in normal conditions”. Pirc also claims that auditor PwC’s other advisory work [...]
Goals Soccer profits hit the bar September 3, 2013 Earnings at five-a-side football pitch operator Goals Soccer Centres fell seven per cent to £4.1m in the three months to the end of June, despite a one per cent rise in like-for-like sales. Boss Keith Rogers said the stalled profit figures were caused by the firm’s “year of consolidation” following rapid expansion to take the [...]
City Moves for 04 September 2013 | Who’s switching jobs September 3, 2013 SJ Berwin The law firm has appointed Paul Stothard as a partner in its litigation practice. He was most recently at Dentons, where he was a partner in its litigation and dispute resolution group. Prior to that, he was an associate at Denton Wilde Sapte, and Allen & Overy. Quadrant Estates James Bidwell has joined the property [...]
Best of the brokers for 04 September 2013 September 3, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS BNP Paribas has raised its rating on the conglomerate that owns Primark from “underperform” to “outperform” and pushed its target price from 1,728p to 2,400p. The broker believes that AB Foods’ sugar business is poised to benefit from changing market [...]
London Report: Syria fears and Vodafone deal dampen FTSE September 3, 2013 BRITAIN’S top share index fell yesterday, weighed down by telecoms giant Vodafone disappointing with the terms of a sale deal with partner Verizon and by fresh speculation about a US-led attack on Syria. Vodafone was among the most heavily traded stocks at three times its daily average. It fell five per cent, knocking 20 points [...]
New York Report: Manufacturing data keeps US market rising September 3, 2013 US STOCKS rose yesterday but were far off session highs after top Republicans voiced support for US President Barack Obama’s call for military strikes against Syria. The S&P 500 rose more than one per cent in early trading after Obama sought congressional authorisation before taking military action, a move seen likely to shelve any strike [...]
Why Britain’s 4G roll-out could give mobile trading a performance boost September 3, 2013 But the implications of taking positions on the move have yet to reach their logical conclusion COMPETITION has arrived in the UK’s 4G market, promising superfast download speeds on the move. Previously monopolised by the operator EE, O2 and Vodafone have just rolled out 4G mobile internet connections to their customers in London, with O2 [...]
Pitfalls to avoid when trading on the go September 3, 2013 Annabel Palmer on the risk and rewards associated with mobile trades TECHNOLOGIES that enable investors to trade CFDs from a sun lounger in Laguna Beach, or execute spread-bets from the Chamonix pistes, now have such a wide appeal that mobile trading accounts for a striking 34 per cent of CMC Markets’s turnover. Having a fully functioning trading [...]