FTSE 100 closes down as Sports Direct struggles – London Report December 11, 2015 Gains for Glencore couldn’t keep the FTSE 100 up last night as both Sports Direct and Old Mutual fell hard. The index closed 0.63 per cent down at 6,088. Sports Direct slumped after Mike Ashley’s retailer posted poor first-half results and the company was criticised for staff conditions. Group revenue ticking up 0.1 per cent [...]
Unilever, Brewin Dolphin, PZ Cussons: Best of the Brokers for 11 December 2015 December 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Unilever has been given a “buy” rating by analysts at Shore Capital, on a current share price of 2,792p. It following Unilever’s annual investor event for 2015 focusing on the economically diverse South East Asia and Australasia regions. Analysts reckon the “vibrancy and [...]
Mindfulness techniques: Give yourself a competitive advantage with these simple exercises to keep on top of work December 11, 2015 Can you recall the last time you found yourself fully focused on a task for an extended period of time, or enjoyed a dinner with a friend without checking your phone frequently? In both our work and personal lives, our minds are under siege. Our ability to be present and focused with our tasks [...]
City Moves for 11 December 2015 | Who’s switching jobs December 10, 2015 KEMP LITTLE LLP Vicky Cooper has been appointed by Kemp Little LLP as a partner in the technology and digital media law firm’s IP & technology disputes group. Vicky will work closely with the firm’s commercial technology team, bolstering Kemp Little’s IT dispute resolution capability. Vicky specialises in helping both suppliers and customers in the [...]
Oil rout and strong dollar pare gains – New York Report December 10, 2015 A slump in oil prices and fears over a strong dollar pared back gains in New York yesterday – although the indices did halt a three-day slide. The Dow Jones industrial average rose 82.45 points, or 0.47 per cent, to 17,574.75, the S&P 500 gained 4.61 points, or 0.23 per cent, to 2,052.23 and the [...]
Why the war on buy-to-let will make the UK housing crisis worse December 10, 2015 Landlords sighed with relief at the Conservative victory in the General Election in May. Faced with the threat of rent controls from the Labour Party, they had looked forward to a government that accepted the importance of the rental market, and supported its development while properly targeting the crooks renting out sub-standard accommodation. But [...]
Trumpmania has gone global – and it’s undermining liberalism the world over December 10, 2015 As if total domination of the US media wasn’t enough, presidential candidate Donald Trump has managed to get his name splattered over every global news outlet for the past three days. It normally requires an extraordinarily inspirational, or devious, act to justify that kind of international attention and – to be fair to the press [...]
It’s time the UK competition watchdog showed its teeth and cracked down on free banking December 10, 2015 From small challengers and fintech upstarts to larger disruptors such as Virgin Money, the world of banking is slowly starting to evolve with the times. The industry is ripe and ready for disruption and I want to see UK banking opened up to the full force of true competition. The UK’s competition watchdog, the Competition [...]
EU referendum vote: There’s nothing unpatriotic about wanting to remain in the European Union December 10, 2015 Britain faces its most important choice in a generation in the coming referendum on whether the country should remain in the EU. It is vital that campaigners, on both sides, base their case on facts and sober arguments. Which is why it was frustrating to read the anti-EU tirade yesterday of Alex Story, director of [...]
London airport expansion: With a “final” decision on Heathrow pushed back to the summer, will a third runway ever be delivered? December 10, 2015 John Holland-Kaye, chief executive of Heathrow, says Yes The Airports Commission, established by the Prime Minister, made an unanimous recommendation after a two-and-a-half-year, £20m study – the deepest ever into UK aviation capacity. It confirmed Heathrow will deliver up to £211bn in economic benefit for the UK, while reducing noise for local communities and keeping [...]
