Power 100: Close Brothers’ Nancy Curtin explains why she supports Donald Trump July 29, 2016 Nancy Curtin is the chief investment officer and head of investment at Close Brothers Asset Management, making her one of the highest-ranking women in London’s asset management sector. Earlier this year she was included in City A.M.’s Power 100 list. Here, she talks about what inspired her – and explains why she backs Donald Trump. [...]
Never mind GDP – euro edges up as eurozone inflation hits eight-month high July 29, 2016 The euro rose 0.2 per cent against the dollar to $1.1100 this morning after a slew of figures from the eurozone suggested things are getting better, albeit slowly. Eurozone inflation rose to the lofty heights of 0.2 per cent in July, its highest since the end of last year, better than analysts' expectations of 0.1 per cent. [...]
This one chart shows how bad real wage growth in the UK really is July 29, 2016 Since the downturn wage growth in the UK has been sluggish, to say the least. But now figures put together for City A.M. by Statista using figures from the TUC has shown quite how disappointing growth has been: between 2007 and 2015, wages have fallen 10.4 per cent in real terms. The only OECD country [...]
Shares in EDF have jumped – but not because of last night’s Hinkley Point decision July 29, 2016 Shares in French power giant EDF were up more than 10 per cent this morning – but it wasn't just investors rewarding its board for finally getting around to making a decision on the construction of the much-delayed Hinkley Point C. Shares rose 10.5 per cent to €12.16 in Paris, after results posted by the company [...]
Yep, British Airways owner IAG has taken a €148m hit from the weaker pound July 29, 2016 What with terrorism, the falling pound and an attempted coup in Turkey, the past six months have not been a great time to be an airline. The figures International Airlines Group (IAG), which owns British Airways and Aer Lingus (after much wrangling), reported operating profit before exceptional items of €710m (£597m) in the six months to [...]
Foxtons cancels its special divi as profits plummet on Brexit worries July 29, 2016 Foxtons was bearing the brunt of its decision to focus on the London market today, after profits fell 42 per cent. The figures In a statement this morning, the estate agent said pre-tax profits had fallen 42 per cent to £10.5m in the six months to the end of June. Revenues fell 3.1 per cent to £68.8m, net free cash flow almost [...]
The Museum of London has just unveiled the design for its swanky new Smithfield Market home July 28, 2016 Smithfield Market came a step closer to redevelopment today, after its occupier-to-be, the Museum of London, unveiled the winner of the competition to design its new home. The Museum said today if had chosen a design conceived by Stanton Williams and Asif Khan, who will now work with the museum to come up with ideas [...]
Classic British marque Bristol Cars has just unveiled the Bristol Bullet – its first vehicle in more than a decade July 28, 2016 Bristol Cars may be best known for its sleek classic numbers, but the iconic British car marque has just unveiled its latest sporty little runaround – and it's bang up to date. The £250,000 Bristol Bullet, the 70-year-old brand's first car since it was rescued from insolvency five years ago, was inspired by a speedster which [...]
Rolls-Royce shares have jumped to their highest in more than a year – despite an 80 per cent fall in profits July 28, 2016 It's a sign of the times that the revelation of an 80 per cent fall in pre-tax profits by one of the UK's largest engineering firms was a cause for celebration by shareholders… The figures Are you sitting down? Underlying pre-tax profits fell 80 per cent in the six months to mid-June, to £104m, while reported revenues [...]
A sign of things to come? Countrywide shares leap despite pre-Brexit housing market slowdown July 28, 2016 The UK's largest estate agent said it had been hit by a slowdown in housing transactions in the run-up to the EU referendum. Is this a sign of things to come? The figures Countrywide said adjusted pre-tax profits fell 25 per cent to £21.8m in the six months to the end of June, although total income rose nine per cent to [...]
