DP World to exit London Stock Exchange November 13, 2014 DUBAI ports operator DP World will ask shareholders permission to delist its shares from the London Stock Exchange from next year. The company, which is thinly traded in London, has seen increased liquidity in its secondary stock listing in Dubai over the past two years. Separately, the firm said it would buy Economic Zones World [...]
Wal-Mart‘s first rise in nearly two years November 13, 2014 WAL-MART reported a higher-than-expected profit as comparable sales at its US stores rose for the first time in seven quarters, helped by higher prices. The world’s largest retailer said overall US same-store sales rose 0.5 per cent in the third quarter.
Best of the Brokers for 14 November 2014 November 13, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com TULLOW OIL Westhouse Securities upgraded its rating from “add” to “buy”. The broker said that although the market had “punished” Tullow for a disappointing run in exploration, Tullow has assets that could “potentially deliver top tier production and cash flow growth in coming [...]
FTSE bounces into positive territory as oil price plummets – London Report November 13, 2014 THE FTSE bounced back yesterday from the previous day’s fall, with holiday cruise company Carnival and retailer Dixons Carphone among the top performers. The blue chip index closed up 0.4 per cent at 6,635.45 points, continuing its recovery from 15-month lows in October and marking its highest level in around one-and-a-half months. Carnival rose 2.8 [...]
Energy stocks slide with oil – New York Report November 13, 2014 ENERGY shares fell their most in a month, as crude prices slid, dragging on Wall Street despite gains in Wal-Mart and consumer and tech stocks. Brent crude prices fell below $78 a barrel, leaving the S&P 500 little changed yesterday despite gains in Wal-Mart, which closed up 4.7 per cent, and other bellweathers. The Dow [...]
On the frontline November 13, 2014 EXECUTIVE DIRECTOR, DOUGLAS & GORDON It may sound counterintuitive, but when it comes to moving I’d argue the internet has become a hindrance. Everyone thinks they’re a property expert; a plethora of dubious stats, endless subjective historic – and hysteric – online data and an ever more tempting set of search filters has created the [...]
Mila Podiablonska on interior design: From the Ukrainian Changing Rooms to EC1 November 13, 2014 What does a man want to come home to after a long day’s work in the City? This is the question that’s constantly plaguing the mind of interior designer Mila Podiablonska, who has found herself interpreting the will of the professional male bachelor on many occasions. “Most of the clients I work with [...]
London Barometer November 13, 2014 George Franks SALES DIRECTOR, DOUGLAS & GORDON New business was up over 100 per cent from August to October, demonstrating that politics hasn’t completely stymied the market. Applicants increased by 10 per cent while offers received increased by almost 30 per cent, indicating that buyers will commit to a purchase if they feel the price [...]
Private view: On the market in Chiswick November 13, 2014 CHISWICK GATE Prices on application Luxury developer Berkeley Homes presents this family project close to the Grade-I listed grandeur of Chiswick House. A collection of three, four and five bedroom townhouses are available, along with one, two and three bedroom apartments, with access to private landscaped gardens. For more information and to register your interest [...]
Something for the weekend November 13, 2014 On the terraces: COLOMBIA VS USA AT CRAVEN COTTAGE Your chance to see some top international action tonight, with many stars of the World Cup (including Tim Howard and Real Madrid’s James Rodriguez) expected to show up for this friendly between the USA and Colombia. Adult tickets start at £20, children at £10, visit fulhamfc.com. [...]
