Carrefour hints at China float to follow Brazil January 19, 2015 FRENCH retailer Carrefour has not ruled out listing its Chinese unit, chief executive Georges Plassat told the French daily Les Echos yesterday. He said Carrefour could follow the same scenario as in Brazil, where it sold a 10 per cent stake in its business to billionaire Abilio Diniz last month, in a step towards a [...]
City Moves for 20 January 2015 | Who’s switching jobs January 19, 2015 HSBC David Phythian has been appointed head of corporate real estate for the bank in the UK. He joined HSBC in 2006 and was head of its London corporate real estate office. Phythian has also held roles at UCB Bank, the United Bank of Kuwait, and a number of private property companies. Square Mile Investment [...]
Best of the Brokers for 20 January 2015 January 19, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com PEARSON Ahead of Pearson’s interims this week, Westhouse Securities has maintained its “sell” rating for the multinational publisher. “We remain concerned that disruption in several key markets and execution challenges entailed in its deep rooted transition into a digital learning company could overshadow [...]
Market lifted by upbeat view of Christmas retail – London Report January 19, 2015 BRITAIN’S main share index rose yesterday, extending a strong run, with retailers such as Tesco among the biggest gainers from a more upbeat view of the sector after a better-than-expected Christmas period. Electronics retailer Dixons Carphone rose 4.4 per cent, the top riser on the FTSE 100 index, with traders citing optimism ahead of the [...]
Swiss rebound and banks in Italy lift shares – European Report January 19, 2015 EUROPEAN shares hit a seven-year high yesterday, rising for a third day as Italian banks rallied on the prospect of a corporate governance revamp, and Swiss stocks clawed back some of last week’s losses. Broader market sentiment has been supported by expectations the European Central Bank will unveil plans to buy sovereign bonds on Thursday, [...]
Davos 2015 World Economic Forum: In search of a safe haven – CNBC Comment January 19, 2015 The annual World Economic Forum (WEF) kicks off in Davos this week and, if you’re actually making your way to the mountain resort, it’s time to put on your snow boots and weather the freezing Alpine conditions. But even if you’re staying put like most of us, you still won’t be able to escape the [...]
How Fibonacci can help improve your forex trading – DailyFX Tips & Picks January 19, 2015 FIBONACCI is one of the most famous names in mathematics, and his eponymous sequence of numbers can be observed in almost all areas of nature. But these same numbers can also be applied to FX trading, using the technical Fibonacci retracement tool. The tool’s major benefit is in identifying where potential entries and exits may [...]
After the Swiss franc bombshell: Traders should expect a bumpy year ahead January 19, 2015 From the Eurozone to the UK, volatility will keep on returning. The Swiss National Bank’s (SNB) shock decision to abandon the Swiss franc’s euro anchor last Thursday saw markets reel. At one point, the euro had crashed 30 per cent against the franc (see graph) before recovering some of its losses. Ajay Pabari, founder [...]
Why socially responsible investing has finally entered the mainstream January 19, 2015 When we come to look back on 2014 in the years ahead, I believe that it will be seen as a watershed year in the long and varied history of investing. While there hasn’t been a single transformational event or action, over the past 12 months I believe that there has been a real change [...]
Granny bonds: Politicians must stop buying votes with subsidies for the old and rich January 19, 2015 One of the insights of the “public choice school” of economics is that voting groups with more homogenous interests will have much more influence on the political process than those with diffused concerns. In recent years we have seen this clearly with pensioners. Whenever it is suggested that it would be prudent to examine the [...]
