Rio Tinto keeps pushing iron ore production while copper falters January 20, 2015 MINING firm Rio Tinto reported a mixed bag of results for the fourth quarter of 2014, with iron ore production jumping by 12 per cent compared to the last three months of 2013, and other metals showing significant decline. Copper production was down 23 per cent on the same period in 2013, while bauxite and [...]
City Moves for 21 January 2015 | Who’s switching jobs January 20, 2015 IAG UK Fund Administration The fund administration services provider has appointed Alan Ross as commercial director. He joins from BNP Paribas, where he was senior sales manager for securities services. Ross has also held roles at BNY Mellon, Arjent Alternative Investments, FSL Services, and RBS. London & Capital Guy McGlashan has been appointed chief operating [...]
Best of the Brokers for 21 January 2015 January 20, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MITCHELLS & BUTLERS Numis has reiterated the restaurant and bar operator’s “add” rating ahead of its general meeting statement, due on 29 January. The broker said it expects the update to be “reasonably upbeat”, given the signs that operational improvements are finally starting [...]
Chinese growth data pushes FTSE 100 higher – London Report January 20, 2015 MINING stocks boosted the FTSE 100 yesterday, after Chinese data beat expectations which pleased mining companies that export to the country, although a tepid outlook from Unilever kept confidence in check. The FTSE 100 index closed 0.5 per cent higher at 6,620.10 points, after earlier reaching its highest point since the start of 2015 at [...]
Wall St inches up while oil price dips 2pc – New York Report January 20, 2015 THE AMERICAN equities joined the positive trend worldwide yesterday, with Wall Street reversing early losses and the dollar rising one percent against the Japanese yen, as diminishing global growth prospects bolstered hopes for central bank stimulus. Crude oil prices fell nearly two per cent after the International Monetary Fund (IMF) cut its 2015 global economic [...]
2015 World Economic Forum: A collapse in trust is jeopardising the recovery – Davos can help put that right January 20, 2015 In business, and in all walks of life, it is often said that trust is hard won but easily lost. As I head to this year’s World Economic Forum in Davos, which starts today, trust between government, business and the public is in short supply. Since the financial crisis, business has lacked confidence in governments [...]
The Bonus Isa: Why we should make tax-efficient saving even more flexible January 20, 2015 Our ability to save varies considerably within a lifetime. When we can put money aside, the government plays a role in encouraging and influencing how we do it. The last five years have seen some notable increases in the generosity and flexibility of tax-efficient savings vehicles, but this can go much further. That is why [...]
Executive pay: Why I long for the restrained days of Cedric the Pig January 20, 2015 Executive pay is back in the news. The Goldman Sachs pay pot of $12.7bn (£8.3bn) has been prominent. German executive pay has overtaken that in the UK for the first time. Top management seems to have no shame. They get some bad publicity today, but the fat cheque remains safely in the bank. How one [...]
As the EU contemplates imposing a tax on US internet firms, is this a step backwards? January 20, 2015 Charlotte Bowyer, digital policy researcher at the Adam Smith Institute, says Yes Europe is lagging far behind the US in terms of digital innovation. The US’s technology policy champions experimentation and risk, with the presumption that entrepreneurs should be able to try new things without first seeking permission. In Europe, the opposite is the case. [...]
Building a nest egg: The best ways to invest for your child January 20, 2015 Don’t be afraid to take risks on your children’s behalf. With the Institute for Fiscal Studies forecasting that, in 18 years’ time, fewer than half of us will be able to own a home, saving for your children may well feel more important than ever. Calculations from Nutmeg show that, in order to amass a [...]
