City Moves for 1 August 2013 | Who’s switching jobs July 31, 2013 Premier Farnell The electronics company has announced the appointment of Andrea Dunstan as chief people officer. Dunstan has over 20 years’ experience in human resources (HR). She was previously group HR director at Wincanton. Prior to that, she worked at AstraZeneca. Royal Bank of Canada The bank’s capital markets division has recruited Sian Hurrell as head [...]
Best of the Brokers for 1 August 2013 July 31, 2013 AVIVA Broker Canaccord Genuity has maintained its “hold” rating on the insurance stock but upgraded the target price to 385p. It said Aviva, which reports results next week, would deliver better profits in 2014 and 2015 due to increased investment yields. WILLIAM HILL Analysts at Numis have an “add” rating on the stock with a [...]
London Report: US growth gives the FTSE fuel for a further rally July 31, 2013 THE FTSE 100 rallied yesterday as the quickening pace of the global economy’s heartbeat revived confidence that economic recovery can be sustained even if stimulus is withdrawn. Economic growth in the US unexpectedly accelerated in the second quarter, with gross domestic product growing at a 1.7 per cent annual rate, stepping up from the first-quarter’s [...]
New York Report: Wall St edges higher after Fed statement July 31, 2013 THE S&P 500 finished a volatile session nearly flat yesterday after the Federal Reserve gave no hint that a reduction in the pace of its bond-buying program is imminent. After paring most of the day’s gains just before the close, the S&P 500 ended July up 5 per cent – its best monthly percentage increase [...]
Top gadgets to take on your holidays July 31, 2013 Travelling can be far easier if you have the right technology in your suitcase STOCK up on these essential gadgets to avoid the holiday pitfalls of dead batteries, communications black-spots and gigantic roaming charges. 1. Loewe Speaker 2Go £269; currys.co.uk This brilliant portable speaker will connect wirelessly with your phone, giving you top [...]
Top travel apps July 31, 2013 PocketGuide PocketGuide is a fantastic app that allows you to download audio guides of cities across the world. Each individual guide comes with maps, facts, suggested walking tours and audio commentary. If you prefer to just wander aimlessly, the app will use GPS to let you know when you have stumbled across a site of [...]
Obama gives “full-throated defense” of Fed candidate Summers July 31, 2013 President Barack Obama has given a full defense of Lawrence Summers, according to House Democrats. Summers is tipped as a hot candidate to replace Ben Bernanke as chairman of the Federal Reserve when he departs. Representatives Gerry Connolly and Brad Sherman have said that Obama believed that Summers has been "unfairly criticised". While Obama is [...]
Cameron under pressure to apologise to former treasurer wrongly accused in “cash for access” scandal July 31, 2013 Former Conservative co-treasurer Peter Cruddas has won £180,000 in libel damages over allegations in the Sunday Times that he charged for secret meetings with prime minister David Cameron. The High Court in London also said the newspaper would have to pay £500,000 in costs. It said that it was “dismayed” with the outcome and planned [...]
US growth beats forecasts in second quarter July 31, 2013 THE US economy grew at 1.7 per cent in the second quarter, according to official data released today. The figure beat analysts’ expectations of 1.2 per cent, a positive sign for the US recovery, after fears that federal spending cuts earlier this year would trigger an economic slowdown. The data is an improvement from the [...]
US data misses out on hat-trick as new orders stumble July 31, 2013 US data has just missed out on going three-for-three as the Chicago purchasing manager's index has missed, rising from 51.6 to just 52.3. That's the fourth miss of the last five prints. The headline number was leaked just before it was expected to be printed at 14.45. New ordesrs are down from 54.6 to 53.9, [...]