City Moves for 23 December 2014 | Who’s switching jobs December 22, 2014 KPMG The professional services firm has announced the promotion of Jane McCormick (pictured), head of tax and pensions at KPMG in the UK, to head of tax for its Europe, Middle East and Africa (EMA) region. She will also become a member of its EMA board and senior tax partner for KPMG in the UK. In [...]
Best of the Brokers for 23 December 2014 December 22, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com STRATEX INTERNATIONAL Northland Capital Partners reiterated its “buy” rating, following “disappointing” news that unseasonal heavy rain at its Altintepe site had interfered with the construction schedule. However, the broker added that “it is more significant that the company will be moving to producer [...]
FTSE closes up for a fifth day in spite of volatility in oil firms – London Report December 22, 2014 THE FTSE 100 yesterday held on to gains as its pre-Christmas rally continued for a fifth consecutive trading session. However, oil-related stocks went from being among the best performers in morning trade to among the worst by the close as the oil price again failed to hold on to an early rise. In low trading [...]
Wall St still on upward path – New York Report December 22, 2014 US STOCKS rose for a fourth straight session yesterday, with the S&P 500 ending at a record as large-cap technology shares climbed, though continued weakness in crude oil prices weighed on the energy sector. The Dow Jones industrial average rose 154.57 points, or 0.87 per cent, to 17,959.37, the S&P 500 gained 7.89 points, or [...]
Christmas quiz: Test your knowledge December 22, 2014 Deloitte’s chief economist, poses some of the trickiest questions of the year. How many can you get right? Answers are at the bottom. 1 The Louvre is the world’s most popular art gallery, with 9.3m visits in 2013. How many visits did people make to Disney’s Magic Kingdom in Florida in the same year? a) [...]
Are Christmas presents a waste of money? Don’t listen to the Scrooge economists December 22, 2014 In recent weeks, millions of us have struggled to buy Christmas gifts for friends and family. In many cases, it’s incredibly difficult to work out what someone you rarely see might want or need. Scarred by memories of that awful Christmas jumper, the ghastly socks, or those rubbish “games” sold in male clothing stores, [...]
How all Londoners can help end the tragedy of people sleeping rough December 22, 2014 The amazing story of Dominique Harrison-Bentzen must be one of the most heart-warming of the year. Late one night, having lost her bank card, the 22-year old student was offered £3 for a taxi by a homeless man concerned for her safety. Her response to this incredible act of selflessness was to find the man [...]
As police unions slam New York’s mayor, could the city be losing faith in its cops? December 22, 2014 Kate Andrews works at the Adam Smith Institute, says Yes The death of Eric Garner, after an incident with police officers, has become a national tragedy in the US, in part because Americans know it wasn’t isolated. The New York Daily News found that at least 179 people were killed by on-duty New York Police [...]
Banks need to stop shunning Bitcoin – CNBC Comment December 22, 2014 The UK government, led by chancellor George Osborne, wants London to become the world’s Bitcoin hub. Meanwhile, the Bank of England has released a study detailing the digital currency’s virtues. So why, under the surface, is there a “chilling effect”, threatening to derail a sector that could bring millions of pounds to the UK economy? [...]
General election 2015: The Tories and stock markets December 22, 2014 When market-watchers think ahead to 2015’s political risks, it’s a safe bet that minds will quickly turn to the Middle East, Russia, or certain parts of Latin America and Africa. There are good reasons for this: Vladimir Putin’s revanchism looks unlikely to halt soon, and a tumbling oil price threatens further instability in Nigeria, Iran, [...]
