London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Property firm of the year September 10, 2013 This year has seen a marked change in the property industry. Developers are more upbeat and construction activity in central London has more than trebled since activity reached a low in mid-2010. Here are our pick of developers that have been leading the activity in the market and setting the scene for what should be [...]
Best of the brokers for 11 September 2013 September 10, 2013 PREMIER FOODS Shore Capital has raised its rating from “hold” to “buy” at 149p, ending its long-standing caution about the food producer. The broker thinks the new execs have done a good job of focusing the firm and shoring up its balance sheet. Shore also believes a £250m equity raising could be on the cards. [...]
London Report: EasyJet carries FTSE close to a one month high September 10, 2013 THE UK’S main share index rose to its highest level in nearly a month yesterday, bolstered by the outlines of an international compromise to avert a US strike on Syria, while budget airline EasyJet also dragged the FTSE higher. There was also strength in the resources sector after an upbeat report from miner Glencore Xstrata [...]
New York Report: Hopes for Syria extend S&P’s winning streak September 10, 2013 US STOCKS rose yesterday, with the S&P 500 index advancing for its longest stretch since early July, as an alternative proposal emerged that could avert a possible Western military strike on Syria. Encouraging economic data from China reinforced the view the world’s second-largest economy was stabilising and gave investors a further reason to buy. All [...]
Euro stocks may be turning a corner September 10, 2013 But investors should not ignore the risks surrounding relatively cheap equities in European markets SEPTEMBER has historically been a volatile month for markets. According to BestInvest analysis of FTSE All Share Index monthly returns since 1986, it is the worst performer for equities, with four major crashes: 1992’s Black Wednesday, the 9/11 terrorist attacks, [...]
New scheme set to make bank switching easier September 10, 2013 Liam Ward-Proud looks at the accounts offered by the bigger challenger banks FROM Monday, the Payments Council’s new seven-day switch guarantee scheme is set to make moving your bank account easier. It will ensure that bank account changes are completed smoothly and within a week, with transferring direct debits and incoming payments now the responsibility [...]
Any Other Business – 11/09 September 10, 2013 BT chief executive Ian Livingston served his last day at the telecoms giant yesterday, though he won’t be hanging up on the company just yet. The Capitalist hears that the Caledonian chief will be on hand to advise Gavin Patterson, his replacement in the hot seat, until November. Lord Livingston will no doubt continue to [...]
£459m deal for high voltage transmission link to London Array secured by favoured consortium September 10, 2013 The consortium Blue Transmission London Array – comprising Barclays infrastructure Funds Management and a UK subsidy of Mitsubishi Corporation – has been named by Ofgem as the owners and operators of the new £459m high voltage link to the London Array offshore wind farm, after a sell off by the London Array joint venture. We [...]
ECB’s Asmussen stresses importance of publishing minutes that could help or hinder forward guidance policy September 10, 2013 The European Central Bank's (ECB) Jorg Asmussen has that the central bank is ready to act if conditions deterioriate, but that it is too early for an exit from accomodative monetary policy. Asmussen said that forward guidance is intended to reduce market volatility and overreactions. That makes sense, as it's essentially a promise by central [...]
Goldman, Nike and Visa to join Dow Jones as leading US index is shaken up September 10, 2013 It's all change in the leading US index, the Dow Jones Industrial Average. The Dow says that the changes made are based on the shift in industry representations and the low stock values of departing companies. Breaking: Goldman Sachs, Nike, Visa to be added to Dow Jones Industrials. $GS $NKE $V — Carl Quintanilla (@carlquintanilla) [...]