Current job openings at City A.M. February 16, 2016 For over 10 years, City A.M. has served London’s professionals with the latest business news, markets information and analysis of the financial world. The paper is distributed daily at more than 400 carefully chosen commuter hubs across London and the home counties, as well as 1,600 offices throughout the City, Canary Wharf and other areas [...]
Aldi to open 80 stores and create 5,000 jobs in the UK this year February 15, 2016 Disruptive German supermarket Aldi will open 80 new stores in the UK this year, creating 5,000 jobs in the UK, it said this morning. The plans will take the supermarket's estate to 700 outlets in the UK, it said in a statement this morning. A spokesman for the retailer said the stores will be "right across the [...]
Gold price dips as European and Asian equities recover February 15, 2016 Don't buy gold. The price of the precious metal fell this morning, as investors flocked back to equities following a rally in Asia. Gold futures fell 2.4 per cent to $1,209 this morning. Last week it peaked at $1,255, – having risen above $1,200 for the first time since June 2015 as global equities plummeted. Meanwhile, this morning FTSE 100-listed [...]
European bank share prices bounce – but report warns negative rates could make the sector’s woes even worse February 15, 2016 European banks looked more positive today, as markets continued Friday's rally. In the UK, HSBC was up 0.76 per cent to 443.75p, while Barclays was up 2.5 per cent to 161p. Lloyds was up 1.5 per cent to 59.39p, while Royal Bank of Scotland group rose 1.7 per cent to 244.3p. That came after HSBC confirmed [...]
27-mile M6 Toll motorway to be put up for sale by its consortium of banker owners February 12, 2016 Britain's only toll motorway – a 27-mile stretch of free-cruising, uncongested motoring delight – has been put up for sale by its owners, City A.M. understands. It's thought the owners of the M6 Toll, which runs between Cannock and Coleshill in the West Midlands, want to take advantage of a jump in the number of [...]
Deutsche Bank share price bounces as it unveils plans to buy back more than $5bn of its own debt February 12, 2016 That's one way to reassure markets. After it took a hammering during turbulence on the markets over the past few days, Deutsche Bank has reached a decision: it will buy back more than $5bn of its own debt. In a statement today, it announced a public tender offer to purchase certain series of euro-denominated debt [...]
Construction output falls in the three months to December February 12, 2016 Another month, another fall in construction output: this time, the figure fell 0.4 per cent between October and December, compared with the quarter before. That's a downward revision of 0.3 percentage points from the figure included in the Office for Nationals Statistics' (ONS) GDP estimate – meaning, essentially, that the UK's GDP growth for the final [...]
Some of the best-paying marketing jobs are in banking and finance – although pharmaceuticals and consumer goods beat it for senior roles February 12, 2016 If you're just starting out in marketing, you could do a lot worse than getting into the finance sector – after new research suggested it pays junior marketing types better than any other industry. The research, by salary benchmarking site Emolument, found junior marketing professionals earn an average salary of £37,000 at banking and financial services [...]
Countryside pushes ahead with £1bn IPO – and share price rises 1.54 per cent February 12, 2016 Its timing could have been better. Developer Countryside Properties (not to be confused with fairly recently-IPOd estate agent Countrywide) pushed ahead with its IPO this morning, despite general gloom on the markets. Rather sensibly, it had decided to price shares right at the bottom of its range of 225p to 275p, valuing it at just over £1bn. As the [...]
Bad news for Valentine’s Day truffle buyers: Chocolate could be about to become more expensive as emerging markets develop a sweet tooth February 12, 2016 The price of chocolate could be about to leap, as inefficient farming methods come up against spiking demand, new research has suggested. Something to think about as you're scoffing those Valentine's Day truffles… The research, by Hardman Agribusiness, said western consumers now munch their way through 286 35g bars of chocolate a year. That's more than 10 kilograms [...]
