Michael Owen’s Champions Day picks October 16, 2014 QIPCO British Champions Day will be fantastic, but what about winners? Michael Owen, Qipco British Champions Day brand ambassador, has helped to mark your card. “I’m really looking forward to some fantastic racing. It will be a great start if Her Majesty The Queen’s wonderful mare ESTIMATE can get the card off to a flyer. [...]
Regent’s Park Art Festival welcomes 60,000 October 15, 2014 THE FRIEZE Art Festival in Regent’s Park, running until Saturday, brings together collections from more than 160 galleries including works from Eric Bainbridge, Lee Kit and Thomas Demand (pictured). Some 60,000 visitors are expected to visit the festival this week.
Boris under fire as protesters at MIPIM kick-off October 15, 2014 THE MIPIM conference must have felt a million miles away from its usual home in Cannes when it opened in Olympia yesterday, not only because the Riviera sunshine was nowhere to be seen but the party atmosphere was also dampened by hundreds of angry protesters. “Doesn’t MIPIM mean, Men In Property In the Mediterranean or [...]
Best of the Brokers for 16 October 2014 October 15, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BELLWAY Shore Cap reiterated its “buy” rating. The broker said that, with Bellway combining a small increase in sales volumes with slightly stronger selling prices and a modest increase in the gross margin, it was increasing forecasts for this year and next. INFORMA [...]
Carnage on the trading floor as FTSE dives 2.8pc – London Report October 15, 2014 BRITAIN’S top share index yesterday plummeted to a 15-month low, with cyclical stocks such as commodities and banks falling on fears of weakening global growth and drugmakers slipping on AbbVie’s decision to reconsider its $55bn (£34.5bn) takeover of British rival Shire. The FTSE 100 ended 181.04 points, or 2.8 per cent lower at 6,211.64, the [...]
Dow tumbles on turbulent day at market – New York Report October 15, 2014 US STOCKS fell yesterday on continued worries about weak global demand, but managed to close well above session lows that briefly pushed the S&P 500 and Nasdaq into negative territory for the year. The Dow Jones industrial average fell 173.45 points, or 1.06 per cent, to 16,141.74, the S&P 500 lost 15.21 points, or 0.81 [...]
Coca-Cola looks to put fizz into Boris Bikes October 14, 2014 Coca-Cola could replace Barclays as the main sponsor of London’s Boris Bikes in a deal at an annual cost of at least £5.5m, according to Sky News. A Coca-Cola spokesperson said: “We are always looking at partnerships which are a good fit for our brands.”
Royal Mail sells Paddington site for £111m October 14, 2014 ROYAL MAIL, led by Moya Greene (pictured above), has sold its mail centre at Paddington to Singaporean property firm Great Western Developments for £111m. The first site to be sold off since the group floated, it will be remodelled into luxury homes, hopefully larger than stamps.
US corporate results round up October 14, 2014 WELLS FARGO GETS MORTGAGE BANKING BOOST Wells Fargo reported a 1.7 per cent rise in third-quarter profit yesterday, helped by a slight increase in income at its mortgage banking unit which had been a big drag on results for much of the past year. The fourth-largest US bank’s net income applicable to common shareholders rose [...]
Best of the Brokers for 15 October 2014 October 14, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DIRECT LINE With an interim management statement due from the insurance giant at the end of the month, analysts at Canaccord Genuity have maintained their “buy” rating and target price of 282p. The IMS was not expected to contain an update on cost reductions, [...]
