Solheim Cup 2015 row: Europe were better off losing after ‘concession’ controversy – Sam Torrance’s Golf Comment September 22, 2015 Honesty and fair play are cornerstones of golf, so the row that erupted during the Solheim Cup between Europe and the United States on Sunday jarred horribly with everything this great game should be about. I was extremely disappointed with Europe’s behaviour after it emerged that American Alison Lee had picked up her ball [...]
Are you a victim of the Confidence Con? Most of us cannot gauge accurately how nervous others really are September 22, 2015 Think about the stereotype of someone who works in the City. Most people come up with a person who is clever, ambitious and confident – perhaps to the point of cockiness. So would you be surprised if I told you that a large proportion of your colleagues may actually be a good deal less [...]
The end of cheap oil: Have prices troughed? September 22, 2015 Having fallen by more than 50 per cent since last summer to under $50 per barrel, Opec has said that it expects oil prices to rise to $80 per barrel by the end of the decade. The oil cartel, which decides on the collective production policy of countries like Saudi Arabia and the Gulf [...]
China’s bright spot: Retail September 22, 2015 AFTER decades of super-charged growth, China is in the midst of a major attempt to re-shape its economy and put it on a more sustainable path. As the rate of expansion slows, a stream of sluggish summer data caused concern among markets and commentators. Too much attention can be paid to monthly macro numbers, especially [...]
Best of the Brokers for 22 September 2015 September 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BAE SYSTEM Haitong Research have maintained their “buy” rating for BAE Systems, despite their earnings forecasts for 2015 and 2016 falling by seven and eight per cent respectively. The earnings downgrade came after analysts reduced their Eurofighter build rate assumption for 2016 from [...]
FTSE gains held back by miners and RSA’s woes – London Report September 22, 2015 TOP UK shares gained yesterday but underperformed a stronger rally across Europe, after takeover talks for insurer RSA fell through and mining stocks suffered another bout of selling. The FTSE 100 was up 0.1 per cent at 6,108.71 points at its close after falling in the previous two sessions. Pan-European equities were up 1.1 per [...]
German central bank optimistic on 2015 growth year September 22, 2015 GERMANY and the Eurozone can expect decent economic growth for the remainder of the year, the Bundesbank said yesterday. The German central bank, which acts mostly as a research house given monetary policy has been handed over to the European Central Bank, said the strong growth seen at the start of the year likely continued [...]
Golfer Jason Day’s 2015 PGA Tour earnings make him even richer than the FTSE 100’s highest earning chief Sir Martin Sorrell September 22, 2015 FTSE 100 bosses may be thinking of a change in career; as it’s been revealed that professional golfer Jason Day has pocketed more than $5m (£3.2m) from an incredible run of form in the past two months, not only pushing him above Rory McIlroy and Jordan Spieth to golf’s No1 ranking, but also one of [...]
Bank of America shareholders vote on chief exec’s bid to take chair role September 22, 2015 BANK of America shareholders will meet today to decide whether to ratify changes to the company’s bylaws allowing chief executive Brian Moynihan to hold the role of chairman as well. After the US’ second-largest bank took on Merrill Lynch and Countrywide, shareholders passed a bylaw in 2009 requiring an independent chairman. But last October, the [...]
RSA Insurance Group’s share price plunges as Zurich tells RSA: It’s not you, it’s us September 22, 2015 RSA Insurance Group’s share price plunged yesterday after rival firm Zurich revealed it was walking away from a £5.6bn takeover bid. RSA’s share price closed down 20.84 per cent as investors digested the shock news. Zurich’s share price was also down, albeit a less remarkable 2.79 per cent. Zurich said it was abandoning [...]
