South Africa faces fresh strike wave August 22, 2013 South Africa faced a strike wave across leading sectors of the economy yesterday, as the labour unrest threatened to hit its struggling gold industry, already squeezed by rising costs and falling bullion prices. Despite pleas from President Jacob Zuma and other government leaders for peaceful wage negotiations in Africa’s largest economy, the National Union of [...]
Any Other Business – 23/08 August 22, 2013 Rapper Drake is credited with making the acronym YOLO the hashtag phrase du jour, and now legal recruitment firm Taylor Root has had the honour of officially killing it off. In a recruitment advert for legal partners, the firm has plastered YOLO with the cringey bracketed explanation “you only live once” over a request for [...]
City Moves for 23 August 2013 | Who’s switching jobs August 22, 2013 Kleinwort Benson The private banking and wealth management firm has appointed Gemma Woodward as head of charities. She has previously held various roles at Newton’s Investment Management, Lloyds Private Banking, and Henderson Global Investors Private Asset Management. Deloitte Mark Stephenson has joined the business advisory firm as head of its UK and Switzerland manufacturing industry practice. [...]
Best of the Brokers for 23 August 2013 August 22, 2013 WOLSELEY UBS upgrades Wolseley’s rating from “neutral” to “buy”, and keeps its target price at 3,500p ahead of the building supplier’s quarterly results. UBS believes the firm’s growth has accelerated in recent months, particularly in the US, and sees a chance of another special dividend. LEGAL & GENERAL Morgan Stanley raises the insurance group’s target price [...]
London Report: Chinese factory data pushes up miners on FTSE August 22, 2013 BRITAIN’S main equity index rose yesterday to recover from stinging losses in the previous session, as robust Chinese economic data lifted major mining stocks to allay worries about tighter US monetary policy. The blue-chip FTSE 100 index closed up by 0.9 per cent, or 56.03 points, at 6,446.87 points, marking its biggest one-day rise in [...]
New York Report: Shares close higher despite Nasdaq outage August 22, 2013 US STOCKS closed higher yesterday in a trading session marred by a historic trading halt of roughly three hours on the Nasdaq stock exchange as a result of technical problems. All traffic through Nasdaq OMX Group, the second-largest US stock exchange stopped at 12:14pm Eastern Time, the exchange said on its website. Shares in Nasdaq [...]
The Nasdaq is broken August 22, 2013 US stock exchanges halted the trading of all securities on the Nasdaq stock exchange today following reports of a technical issue in the data feed for Nasdaq-listed securities. The exchange announced the halt at 17:15 (British Summer Time). Other exchanges followed suit and notices of halts in individual securites began from 17:18 in alphabetical order [...]
Trading on Nasdaq securities stopped due to technical issues August 22, 2013 US stock exchanges today stopped trading in all securities listed on the Nasdaq due to a technical issue in the data feed providing market data for Nasdaq-listed securities. Nasdaq-listed stocks represent about 28 per cent of all shares traded so far this month, according to BATS Global Markets. Companies listed on the Nasdaq include Apple, [...]
Rebekah Brooks phone hacking trial delayed by seven weeks August 22, 2013 The trial of former News International chief executive Rebekah Brooks has been delayed by seven weeks. Brooks and a number of other defendants – including her husband Charlie, her former secretary Cheryl Carter, and prime minister David Cameron’s former head of communications Andy Coulson – were due to face charges relating to phone hacking in [...]
Israeli forces deny retaliation following missile attack from Lebanon August 22, 2013 The Israel Defence Force (IDF) has denied earlier reports from local media sourcesthat it retaliated with artillery fire towards Lebanon following the launch of rockets from the country into Northern Israel. Earlier today, at least three Katuysha rockets were fired from Lebanon into areas near Kiryat Shemona and the coastal city of Nahariya, with one [...]