Best of the Brokers for 10 December 2015 December 10, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ROLLS-ROYCE Analysts at Jefferies described the profit headwind of £100m to £150m in wide-body jet engines announced by the engineering giant as “a worrying development”. Around £50m to £80m of that related to the large engine aftermarket. However, they said the announcement did [...]
FTSE closes flat as the oil and metal rout ends – London Report December 10, 2015 THE FTSE 100 index closed down yesterday despite a number of miners shaking off a volatile start to the day to close higher. The index closed 0.14 per cent down at 6,126 points, even though gains were seen at companies including Glencore, Rio Tinto and BHP Billiton, as well as Ashtead Group. “It [...]
How P2P can take the strain of tighter bank capital rules December 10, 2015 Harriet Green asks Assetz Capital where platforms will go from here – and where the pitfalls lie Should retail investors be worried about the rise of institutional money in the peer-to-peer (P2P) industry? What should we think about the growing role of funds within it? And is it just banks who will find their [...]
What an MBA can offer marketers December 10, 2015 Business schools are adapting to the industry’s needs, but the course isn’t for everyone AN MBA can open doors in any profession. But the rise of mobile technology has transformed the marketing landscape in recent years, and the skills taught on MBA courses can put graduates in a better position to help brands embrace [...]
What the SAS can teach even the hardest of City workers December 10, 2015 Matthew Ollerton and Jason Fox give examples from their life in the Special Forces "Team away day” normally puts the fear into people. Hotel function rooms, bizarre motivational speakers and the compulsory bonding football match. But what if the experience was completely different? As former members of the Special Forces, we’ve undertaken some [...]
City Moves for 10 December 2015 | Who’s switching jobs December 9, 2015 DELOITTE Business advisory firm Deloitte has appointed Andy Lees as a partner in its financial services team. He joins from Capgemini, the French management consulting corporation, where he was UK chief executive of its financial services business. Prior to this, Andy worked for Atos Consulting as a managing partner, after spending many years at KPMG [...]
US indices slide for third day in a row – New York Report December 9, 2015 Concerns over tanking oil prices and a rout in commodities yesterday pulled US markets down sharply for the third consecutive day. The Dow Jones industrial average fell 75.7 points, or 0.43 per cent, to 17,492.3, the S&P 500 lost 15.97 points, or 0.77 per cent, to 2,047.62 and the Nasdaq Composite dropped 75.38 points, or [...]
EU referendum: The European Union is falling apart: Why is getting out the risky option? December 9, 2015 “You see but you do not observe”, says Sherlock Holmes to Dr Watson. This point could be levelled at the EU referendum Remain camp. The EU institutions are cracking. For myriad reasons, national governments are reasserting themselves for good or for ill. A quick tour of current EU member states paints the picture of a [...]
Happinomics 2.0: Rising incomes make us happier but it’s fulfilment that really counts December 9, 2015 First, a quick lesson in the economics of happiness. Back in the mid 1990s, the so-called Easterlin Paradox stated that there was little or no correlation between happiness and average income, beyond very modest levels of income. This became a cardinal rule for the many who wished to justify ever-higher rates of taxation on those [...]
‘Tis the season to slack off: Why your month-long Christmas holiday is bad for everyone December 9, 2015 "I will be out of the office travelling and attending events and seminars until 4 January 2016. I will only have intermittent access to email.” I received this remarkable auto-reply on 4 December from a senior marketing executive in a large bank. Unless you are an academic, why would you need to spend an [...]
