Property firms’ ads suffer from the Patrick Bateman complex January 8, 2015 You’d think, having seen the reaction to Redrow’s American Psycho-style advert earlier this week, that Berkeley Group might have watched its new ad for One Blackfriars a few more times and thought about whether it would suffer a similar fate. But they didn’t. And it did. Redrow’s ad stars an arrogant (and creepy) City-boy type, [...]
Recruitment firm Hays lifts profit forecast after robust first half January 8, 2015 British recruitment giant Hays increased its profit forecast for the first half yesterday after strong performance across Europe, Australia and Asia helped the company to deliver 11 per cent fee growth in the second quarter. In a trading update, the London-headquartered firm increased its expected operating profit growth for the first half to up to [...]
Howden Joinery to beat market expectations in full year results January 8, 2015 SHARES in kitchen makers Howden Joinery Group were up by 4.84 per cent yesterday, after the company reported that profit for 2014 was likely to exceed expectations. The firm said the good trading performance seen in 2014 until the end of period reported on 5 November, continued for the rest of the year. It added: [...]
City Moves for 09 January 2015 | Who’s switching jobs January 8, 2015 Savills Matt McCue has been appointed out of town retail director at the real estate services provider. He has over 17 years’ experience in the industry, and joins from CBRE. He will continue to work with both landlord and retail clients at Savills. BNY Mellon The investment company’s wealth management business has appointed Yolande Escher [...]
Best of the Brokers for 09 January 2015 January 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com LANCASHIRE HOLDINGS Westhouse Securities reiterated its “add” rating. The broker stated that the company “may well be an M&A target”, although it warned that if interest rates rise rapidly profits will be impaired short term due to unrealised losses on bond portfolios. Target [...]
Tesco soars as M&S suffers a slump on buoyant trading – London Report January 8, 2015 LONDON’S shares rallied strongly yesterday, amid a broad-based global equities rally, with supermarkets topping the FTSE 100 gainers after Tesco outlined plans to try to revive its fortunes. The FTSE 100 closed up 2.3 per cent at 6,569.96. Tesco was the best-performing stock on the FTSE 100, closing up 15 per cent at 209.25p. The [...]
Dow jumps up by 323 points – New York Report January 8, 2015 US MARKETS ended yesterday with the largest advance in three weeks, as two days of steady oil prices along with doveish comments by a Federal Reserve member helped further to fuel a buying frenzy begun on Wednesday. The Dow Jones Industrial Average jumped 323.35 points, or 1.8 per cent, to 17,907.87. The S&P 500 added [...]
Britain’s future lies in a reformed EU but the Tories are putting that at risk January 8, 2015 When the British people cast their votes on 7 May, they face a real choice. Do they want a Britain hankering for the past, or preparing for the future? Do they want a Britain closed to the world, or open to opportunity? Do they want an economy and a country that works only for a [...]
Charlie Hebdo shooting: We must not surrender our own freedoms in the face of the vile Paris attacks January 8, 2015 This week, Paris has seen the threat to free speech and freedom of expression realised in its most appalling, extreme form. We must not allow the murderous attack on Charlie Hebdo magazine to be used as a pretext for enhancing the powers of the state to spy on us all. France is (even) further down [...]
The world’s brightest will shun the UK if isolationist rhetoric doesn’t stop now January 8, 2015 We all have our own image of UK entrepreneurship. Sir Richard Branson is a common first choice, and Sir James Dyson is another. For me, it is the Indian Restaurateur. When I first founded Cobra Beer 25 years ago, it was these tireless, unsung heroes of UK entrepreneurship who placed their trust and belief in [...]
