City Moves for 2 September 2013 | Who’s switching jobs September 1, 2013 Stonehage The wealth management and advisory services company has announced the appointment of Simon Clark as managing director of group services. Clark was most recently at ACPI, where he was chief operating officer. Prior to that, he was chief financial officer at Heartwood, and he has previously held various roles at RBS Financial Markets, Greenwich [...]
Best of the Brokers for 2 September 2013 September 1, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ASHTEAD Numis has a “hold” rating and a target of 640p ahead of the equipment rental firm’s first-quarter results on Wednesday. The broker is expecting “very strong” figures, with revenues up 17 per cent, but sees no reason to chase the shares as [...]
London Report: UK data to show economic health September 1, 2013 ECONOMIC figures for August, released this week, are likely to give a more accurate view of the growing strength of the UK economic recovery. Manufacturing PMI numbers will be released today, followed by construction data tomorrow and services news on Wednesday. The week also includes the Bank of England’s rate decision on Thursday and a [...]
Wall St The Week Ahead: US awaits wave of new statistics September 1, 2013 WALL Street is braced for a wave of economic reports this week, including the August jobs report, which might prove decisive in finding whether the economy is strong enough for the Federal Reserve to dial back its bond purchases in mid-September. However, The US market is closed today for Labor Day. Anxiety about the Fed [...]
Any Other Business – 02/09 September 1, 2013 Bank of England governor Mark Carney impressed conference delegates in Nottingham on Wednesday with his regional knowledge. The Bank boss earned major cool points by dropping the name of local-born singer-songwriter Jake Bugg into his speech. However, what did former monetary policymaker-slash-rocker Andrew Sentance think of the governor’s musical name-dropping? “I’d not heard of him [...]
Obama just dealt his first big blow to the US economy – Now wait for the second August 30, 2013 US President Barack Obama may have just dealt his first big shock to the US economy of 2013. Secretary of state John Kerry just dropped huge hints of military intervention against Syria – a "tailored response". As Kerry spoke, we saw the VIX, an index of US equities volatility, jump from below 17.4 to over [...]
US hints at focused military strike on Syria – even without UN backing August 30, 2013 US secretary of state John Kerry has said that any action the country takes on Syria will be "tailored and limited", strongly hinting that the US will go ahead with a focused military strike. Kerry said that while the US and president Barack Obama respects the judgement of the United Nations, the current investigation will [...]
Kerry: We know that Syrian regime has largest chemical weapon programme in the Middle East August 30, 2013 US secretary of state John Kerry has said the government knows that the regime of Syrian president Bashar al-Assad "has the largest chemical weapon programme in Middle East" and has used them multiple times this year. The most recent attack on 21 August left at least 1,429 dead including at least 426 children, he said. [...]
Boost to the UK economy from dating up £200m from 2012 August 30, 2013 The boost to the UK economy from spending on dates is expected to rise by six per cent in 2013 compared with the year before, according to a study commissioned by match.com. This year, the overall spend on dating by UK singles is expected to be £3.6bn – up by £200m on the year before, [...]
US consumer confidence rises in August following downward revision August 30, 2013 Consumer confidence in the US rose in August after a drastic downward revision of the previous month's figure, according to survey data from Reuters and the University of Michigan. The consumer sentiment index rose to 82.1 in August, up from 80.0 the month before (revised down from 85.1). Analysts had expected to see 80.5. Earlier [...]