German book publishers to bind together January 15, 2015 TWO DOYENS of the German publishing scene are set to merge part of their operations into a new venture, it was announced yesterday Stuttgart-based Holtzbrinck Publishing will merge its Macmillan Science and Education unit with Berlin-based Springer Science & Business Media, which is owned by UK private equity firm BC Partners. The Macmillan unit is [...]
US firm Shutterstock snaps up British photographic press agency Rex Features for $33m January 15, 2015 US firm Shutterstock, a leading provider of commercial digital imagery and music, yesterday agreed to buy British photographic press agency Rex Features. The New-York based firm will pay $33m (£21.7m) for Rex, which is the largest independently-owned photographic press agency in Europe. Based in London, Rex provides media companies and advertisers with current affairs [...]
City Moves for 16 January 2015 | Who’s switching jobs January 15, 2015 Baker Tilly The accountancy firm has appointed Ian Williams as a director in its restructuring and recovery service line. A solicitor with over 25 years’ experience, he previously worked at SGH Martineau, specialising in international corporate recovery cases. ING Investment Management The investment management firm has appointed Bart Oldenkamp to its integrated client solutions team. [...]
Best of the Brokers for 16 January 2015 January 15, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com 4IMPRINT WH Ireland reiterated the promotional products manufacturer’s “buy” rating, raising the target price to 925p. The broker said the firm’s most recent update “reconfirms the strong organic growth of the business” and said the increased target price reflected “the impressive ongoing business [...]
Stronger energy stocks shield FTSE from Swiss surprise – London Report January 15, 2015 Switzerland’s skyrocketing currency rattled the FTSE 100 yesterday but the index recovered from the jitters, and a rise in miners and energy stocks helped lift the market. The blue-chip FTSE 100 index closed up by 1.7 per cent at 6,498.78 points. The FTSE had fallen after the Swiss National Bank (SNB) decided to scrap its [...]
Wall St down on bank data – New York Report January 15, 2015 BANKing sector results dragged the US market indices lower for a fifth straight day yesterday, as investors fretted over the potential impact of global economic weakness on US earnings. Energy shares extended recent losses as oil prices settled down more than four per cent after weak US economic data spurred worries over oil demand. The [...]
Don’t count on cheap oil and money to stave off a new Eurozone crisis forever January 15, 2015 The Eurozone is in a vulnerable state once again. Five years ago, the euro crisis – that bête noire of the region’s economy – unfolded. Since then, much has been done to repair and strengthen the Eurozone’s architecture, ranging from the establishment of a bailout fund and the creation of a banking union, to European [...]
Why David Cameron’s crusade against encryption could backfire on business January 15, 2015 One so-called expert in terrorism and one person who claims to be able to tackle it embarrassed themselves this week. The first was a hapless Fox News commentator, who had convinced himself that Birmingham was an outpost of the Islamic State, sparking hilarity in the Twittersphere. The second was none other than David Cameron, who [...]
There is no Franco-German plot to kill the City: The EU is a boon for financial services January 15, 2015 The word “bleak” isn’t one that many in the City would choose when it comes to the future of our financial sector. Yet that’s how Sir Bill Cash described it in City A.M. yesterday, blaming the EU for damaging the City and warning of worse to come. But is it really the case that the [...]
Is Labour’s plan to cap levels of fat, sugar, and salt in food marketed to children a good idea? January 15, 2015 Luciana Berger, shadow minister for public health, says Yes With one third of children now overweight or obese, we’re in the midst of an obesity crisis that is placing a burden on our NHS that we can’t afford. At the same time, children are being bombarded with junk food marketing especially designed to target them [...]
