New non-exec at Standard Life October 27, 2014 SAVINGS and investment company Standard Life announced yesterday that Kevin Parry has joined the company as a non-executive director, taking up the role with immediate effect. In addition to joining the board he is now a member of Standard Life’s audit committee and its risk and capital committee. Parry’s remuneration for the role will come [...]
Advent sells Christ jewellery to 3i October 27, 2014 Buyout group Advent has sold a unit of its German books-to-cosmetics retailer Douglas to rival private equity firm 3i, making headway in a revamp ahead of a planned exit from the investment. Advent and the Kreke family, which owns 20 per cent of the group, sold Christ jewellery stores, whose products are modelled by Claudia [...]
Best of the Brokers for 28 October 2014 October 27, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com 4IMPRINT GROUP WH Ireland reiterated its “buy” rating following a trading update last week. The broker said the company had proved able to exploit opportunities which it has identified, resulting in very encouraging organic growth based on sustainable market share gains. RAMBLER METALS [...]
Lloyds on FTSE loserboard over tests on capital – London Report October 27, 2014 BRITAIN’S top equity index fell yesterday, weighed down by financials after Lloyds only narrowly passed a regulatory health check of Europe’s banks. The FTSE 100 index fell 0.4 per cent to 6,363.46 points, after managing a slight rebound last week from 15-month lows touched earlier in October. The index has come down from a more [...]
US stocks flat after a fall in energy sector – New York Report October 27, 2014 US STOCKS ended near flat yesterday, pausing after the S&P 500’s biggest weekly gain since January 2013, while energy shares fell with another decline in oil prices. Among the day’s biggest positives, shares of Gilead Sciences rose 1.7 per cent to $112.59, a day ahead of its scheduled earnings release. Micron Technology shares jumped four [...]
Trading isn’t all about riches: Here’s the harsh reality – Daily FX Tips & Picks October 27, 2014 WHEN people think about trading, many things come to mind. Some will think of huge amounts of cash and massive gains. This may be accurate in some cases, but today I would like to break things down and tell you about the harsh reality. Trading is all about probabilities and psychology. When a person trades, [...]
Qatar outbids Chinese for £1.1bn HSBC tower October 27, 2014 The Qatar Investment Authority is understood to have made a £1.1bn offer for the HSBC tower, seeing off the likes of China Life and Ping An to become the preferred bidder in one of the biggest-ever UK property deals. The tower was put up for sale by South Korea’s National Pension Service in April, with [...]
Facing closure after nearly one century October 27, 2014 Hatfield Colliery was established in 1916, and continued to operate until 1993, when it was closed on economic grounds. Production ceased in December of that year, however by 4 January 1994 the management team had expressed an interest in continuing operation of the mine and formed the Hatfield Coal Company. The firm started cutting coal [...]
Stressed hacks lose extra hour’s kip for pastries October 26, 2014 IT IS not often that major European banking studies are released in the tranquil hours of a Sunday morning. But that’s what happened yesterday when the European Banking Authority dragged the City’s press corp out of bed for a 9.20am briefing on their capital buffers study. With no chance to benefit from the extra hour [...]
Night out on the books for Waterstone’s fans October 26, 2014 A WEEK after American tourist Dave Will, of Texas, was trapped after hours in Waterstone’s book shop in Trafalgar Square and turned to Twitter for help, the chain partnered with Airbnb on Saturday night to host a sleepover for 10 bookworms and their friends. Responding innovatively to the Twitter sensation, the major chain tapped into [...]
