Popcorn maker to bubble up in China September 14, 2014 What started out as a kitchen cookery experiment by a 52-year-old retiree has just morphed into China’s next big snack trend. Joe & Seph’s, a gourmet popcorn maker founded by Joseph Sopher, has just signed a deal to be sold in supermarkets throughout Beijing and Shanghai. No word on cinemas yet though.
Dr Martens profits take big stride forward September 14, 2014 BRITISH footwear brand Dr Martens has posted a leap in sales and profits in its first year since being bought out by private equity firm Permira. Revenues rose by 30 per cent to £209m in the year to March, as the retailer increased the number of shops from 13 to 41 across the US, Europe [...]
Best of the Brokers for 15 September 2014 September 14, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com JD WETHERSPOON Investec has kept its “buy” rating, but upped the target price to 885p from 870p. The broker says full year results were just ahead of expectations, and that cash generation remains strong, while the current year has started well with a [...]
London Report: Scotland and MPC minutes the main focus for the City September 14, 2014 ALL EYES will be on the result of Thursday’s Scottish referendum, with market watchers keen to know whether or not the 300-year-old union will continue. As far as more normal risk events are concerned, the main one will be Wednesday’s release of the latest set of MPC meeting minutes. That will be complemented by the [...]
Wall St The Week Ahead: Fed meeting in spotlight September 14, 2014 THE RECENT wobbly stretch in both stocks and bonds may persist for the short term if the US Federal Reserve this week lives up to expectations and signals the days of near-zero interest rates are numbered. Anxiety over the two-day Fed policy meeting, centred on expectations the central bank will likely drop its pledge to [...]
Floral tribute for victims of 9/11 terror September 11, 2014 Friends and relatives of the nearly 3,000 victims of the devastating 9/11 attacks on New York’s World Trade Centre —many of whom worked for BGC Group — have marked the 13th anniversary of the terrorist atrocity by putting flowers, toys and photos on the names which are written at the National September 11 Memorial and [...]
Angela Knight to leave Energy UK September 11, 2014 Energy UK chief executive Angela Knight announced yesterday she would be stepping down from the energy industry body at the end of this year. Knight, who joined Energy UK in September 2012 and was previously chief executive of the British Bankers Association, said after she left she would be seeking to pursue her interests in [...]
Stars flock to trading floor for charity day September 11, 2014 COMEDIANS, film stars, footballers and royalty descended on Canary Wharf yesterday for BGC Group’s tenth annual charity fundraising day. Chelsea skipper John Terry rubbed shoulders with his former rival ex-Manchester United boss Sir Alex Ferguson, while actor Stephen Fry crossed paths with Pulp Fiction star Samuel L. Jackson. The bevy of celebs roaming BGC’s vast [...]
UK is proving to be a big lure for foreign tourists September 11, 2014 Britain welcomed a growing number of tourists from abroad in the first seven months of 2014, according to figures released yesterday. The Office for National Statistics (ONS) released data that revealed that the number of overseas residents visiting the UK in that period increased by five per cent compared with the same quarter last year. [...]
CME poaches NYSE’s Amsterdam chief exec September 11, 2014 THE NEW York Stock Exchange’s Amsterdam arm lost its chief executive yesterday as rival CME Europe hired Cees Vermaas yesterday. CME has expanded aggressively in Europe in recent years and wants the industry heavyweight to help it keep on growing.
