London house prices: First-time buyers using help to buy to purchase London properties could face trouble if the bubble bursts February 10, 2016 When markets are in turmoil, the natural inclination is to turn to safer assets – and what, in our collective wisdom, is safer than houses? People always need a place to live, the rationale goes, and they always find a way to pay. But rather than taking a big punt on housing, many hedge funds [...]
City Moves for 10 February 2016 | Who’s switching jobs February 10, 2016 Peel Hunt Corporate broking, trading and advisory house Peel Hunt has appointed Amy Walker and Michal Cabadaj as equity research analysts in its healthcare and life sciences team. Amy has joined from Morgan Stanley where she worked for over five years, most recently as a director of EU pharmaceuticals research. Prior to this, she led [...]
Sunday trading gets our vote – but with caveats, YouGov data shows February 10, 2016 As the government announces that it will be pressing ahead with plans to allow councils to extend trading hours on Sundays, YouGov data shows something of a story of contradiction in public opinion on the issue. The public generally supports the change but are wary about the impact on employees and family life. Proponents of [...]
No pressure, Janet: Spotlight falls on the Fed as US central bank chief Yellen faces questions from Congress February 10, 2016 The financial world’s attention will fall on Janet Yellen today as the Federal Reserve chief faces a grilling by Congress, in the middle of a week of chaos on global trading floors. Shares throughout the world tumbled for a third straight session yesterday, while European banks lost another four per cent of their value. Financial [...]
Burberry sues US retailer JC Penney accusing it of trademark infringement over coats, jackets and scarves allegedly featuring the “Burberry check” pattern February 9, 2016 British luxury fashion brand Burberry has filed a complaint against US retailer JC Penney, accusing it of trademark infringement for selling coats and jackets bearing exact copies of the "Burberry check" pattern. Burberry has accused the company of illegally selling quilted jackets with the pattern, as well as "scarf coats" in which scarves carrying the pattern were sold [...]
Standard & Poor’s lowers ratings on four US banks with large energy exposures as oil prices stay weak February 9, 2016 Standard & Poor's (S&P) has lowered its long-term issuer credit ratings on four US regional banks with large energy exposures. The ratings agency took action after a review of banks with large energy loan portfolios as a percentage of both total loans and Tier 1 capital. "We are in the early innings of the downturn, [...]
Walt Disney Company share price drops despite record earnings in the first quarter driven by new Star Wars film as revenue misses expectations February 9, 2016 The Walt Disney Company has reported its highest ever quarterly earnings of $2.9bn (£2bn), up from $2.2bn in the first quarter of 2015, driven largely by the success of the latest Star Wars film. However, shares dropped by over four per cent in after hours trading as revenues of $15.2bn, up from $13.4bn, failed to [...]
British Airways will start flying from Stansted in May 2016 – as BA boss Willie Walsh admits grudging admiration for Ryanair boss Michael O’Leary February 9, 2016 British Airways is adding a fourth London airport to its network and will start flying out of Stansted from 28 May onwards. The company's subsidiary BA CityFlyer will operate routes to Faro, Malaga, Palma and Ibiza out of the airport, located in Essex, which is a massive base to budget airline Ryanair. "Stansted is a growing airport [...]
Whether London’s next mayor is Zac Goldsmith or Sadiq Khan, they must pay attention to the tech sector February 9, 2016 A mayoral election campaign can be a strange thing. Without the national media attention of a General Election one can be forgiven for sometimes thinking that the candidates have gone quiet. But they're out there. From Orpington's church halls to Barking's pub function rooms, the candidates know that victory is secured one local paper at a [...]
City Moves for 9 February 2016 | Who’s switching jobs February 9, 2016 Lloyds Bank Lloyds Bank Commercial Banking has strengthened its technology, media and telecommunications (TMT) team in London with the appointment of Natalie O’Byrne as mid-markets relationship director. With six years’ experience in corporate banking, she joins the nine-strong TMT team having previously worked in a similar role for Lloyds Bank Commercial Banking looking after clients [...]
