Mark Carney’s Bank of England stress tests lived up to their name December 16, 2014 The Bank of England certainly knows how to conduct a stress test. It even managed to give the City’s hacks a stress test of their own at the crack of dawn yesterday. The press briefing began at the impolite hour of 5am and was punctuated by a power cut and subsequent change of venue. Having [...]
Poundland wishes you a Merryy Cristmas and a Merry Christmay December 16, 2014 Discount superstar Poundland was snowed under with complaints about its festive products on Twitter yesterday. One unhappy shopper tweeted about a set of Christmas lights which spelt its message wrongly – “‘MerryyCristmas’ it might be a only quid but you could at least spell it right!” Naturally, the hashtag #MerryyCristmas started doing the rounds. [...]
City Moves for 17 December 2014 | Who’s switching jobs December 16, 2014 Savills Richard Saunders has been appointed associate director in the real estate adviser’s City office. He has over 10 years’ experience in dilapidations and joins from Malcolm Hollis. Saunders’s previous clients include property companies, investors and corporate occupiers. Cluff Natural Resources Andrew Nunn has been appointed chief operating officer at the natural resources investing company. [...]
Best of the Brokers for 17 December 2014 December 16, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BTG Jefferies reiterated its “buy” rating. The broker said the firm’s acquisition of PneumRx was “strategically sound, financially accretive and boosts top-line momentum”. It added that the deal offers “modest synergies” with BTG’s existing business, and boosted target price to 950p. GULF KEYSTONE [...]
FTSE 100 closes up despite volatile day as rouble plunges – London Report December 16, 2014 BRITAIN’S top equity index rose yesterday as a drop in UK inflation propped up the stock market in the face of market turmoil caused by Russia, while energy stocks rebounded. The blue-chip FTSE 100 index endured a volatile session, caused by a plunge in Russia’s rouble currency, before closing up by 2.4 per cent, or [...]
US can’t rebuff the Russian hit – New York Report December 16, 2014 US STOCKS fell for a third day in a volatile session yesterday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy. Energy shares rebounded, keeping the S&P 500 and Dow mostly in positive territory until a bout of late-day selling took [...]
More QE and a possible crisis: What markets will do in 2015 December 16, 2014 UK stocks look likely to be dominated by political risk PREDICTING the year ahead in markets can be a fool’s game. Last December, fund managers’ 2014 look-aheads heralded the start of a year in which Japan’s shock and awe Abenomics tactics would finally end its disinflationary misery, while the Eurozone would begin to turn a [...]
My year-ahead predictions: Divergence will be a crucial theme December 16, 2014 For the most part, 2014 has been volatile for global financial markets, with several key markets likely to record losses for the year. In the context of a recovering world economy, it has been disappointing. We predict more of the same next year, with the US and UK economies doing well, and emerging markets and [...]
Tom’s Kitchen in St Katharine Docks has great food, but who’s it for? December 16, 2014 Food: ★★★★☆Value: ★★★☆☆Atmosphere: ★★☆☆☆ 1 Commodity Quay, St Katharine Docks, E1W 1AZW; Tel: 020 3011 5433 Cost for two with wine: £150 I’m not sure what I think about Tom’s Kitchen, which is a problem because someone’s paying me to tell you about it. There are four in the chain now – five if [...]
Mix it up: There’s something fishy about Nobu’s new Caviar Martini December 16, 2014 Plenty of people like their Martinis with a thimble or less of dry vermouth. I've never understood the pleasure of sipping on a couple of shots of ice-cold vodka or gin, myself. But it's not just vermouth; I'm always liable to get itchy tastebuds without a suitable garnish, which is why one desperate evening, [...]
