Best of the Brokers for 09 September 2014 September 8, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com JUPITER FUND MANAGEMENT Numis has upgraded to “Buy” from “Add”, with the target price upped to 480p from 475p. The broker thinks the recent share price fall was unwarranted, as while short term earnings growth is likely to be low, the broker believes [...]
London Report: Rise of support for Scottish Yes vote knocks FTSE shares September 8, 2014 BRITAIN’S top shares fell further from last week’s 14-year high yesterday, hurt by firms with exposure to Scotland after a poll unexpectedly showed a lead for supporters of Scottish independence before the 18 September referendum. The YouGov survey for the Sunday Times newspaper was the first this year to give the Yes campaign a lead, [...]
New York Report: Energy leads stocks down September 8, 2014 THE Dow and S&P 500 ended lower yesterday after a drop in energy shares, while the Nasdaq edged higher with Yahoo. The S&P 500’s decline followed a record close on Friday. Energy led the day’s decline, with the S&P energy index off 1.6 pervcent. Shares of Exxon Mobil fell 1.5 pervcent and Schlumberger’s were down [...]
City firms pay higher wages as labour market hots up September 7, 2014 City firms are on an employment drive as the economic recovery takes hold, according to recruiters Morgan McKinley. Growing demand for staff means finance businesses are paying higher salaries to attract the best workers. Vacancies were 18 per cent higher in August compared to the same month last year and salaries for new jobs grew [...]
Welcome to our new readers from far and wide September 7, 2014 City A.M. is continuing to extend its reach, adding 30 new stations to its distribution network in and around the capital. From today we welcome on board new commuters to the west and north east of London. So, good morning to those in Bishops Stortford, Audley End and all the way to Cambridge; and on [...]
Scottish Independence: The risks for Cameron and Miliband September 7, 2014 BEHIND the scenes, MPs are already calling for David Cameron’s head if Scotland votes to leave the United Kingdom later this month. So how much of this is self-serving bluster and how likely is it that the Prime Minister will be forced out of Number 10? In reality, Cameron is unlikely to wave goodbye to [...]
Is UK recovery taking hold at last? Business confidence is at its highest level in a decade September 7, 2014 Confidence appears to be booming among UK firms, with businesses planning to increase investment budgets over the next year. Some economists have feared the recovery is overly reliant on consumption and borrowing, rather than more sustainable business investment. Yet optimism this summer has hit its highest level in more than a decade, according to professional [...]
Household spending rises – and luxury goods are making a comeback September 7, 2014 Household spending was up in August compared to 2013’s figure, as the economic recovery continues to grow, industry data showed today. Confident shoppers spent more on luxury goods like hotels and restaurants, as well as splashing out on shoes and clothes, according to figures from Visa Europe. Overall spending was up two per cent on [...]
And the nominees are… September 7, 2014 TOMORROW: ACCOUNTANCY FIRM OF THE YEAR ALDI The German discounter has taken the British high street by storm. Aldi now has a 4.6 per cent share of the UK market, up more than one third in a year due to consumers choosing its quality and low prices over the more established retailers. It has even [...]
Need for tweed as Scots bag a weaving victory September 7, 2014 SCOTS going to the polls on 18 September voting aye or nay for independence will have many factors to weigh, but not, perhaps, the authenticity of tweed. Yet a new legal settlement unveiled today may change all that. The Harris Tweed Authority (HTA), the statutory body tasked with protecting the authenticity of Harris Tweed, has [...]
