New York Report: Apple at core of Nasdaq fall September 3, 2014 US STOCKS yesterday ended mostly down, as a decline in Apple shares dragged the Nasdaq lower and investors held off on big bets before today’s European Central Bank policy meeting. The Dow Jones industrial average rose 10.72 points, or 0.06 per cent, to 17,078.28. The S&P 500 ended down 1.55 points, or 0.08 per cent, [...]
Sainsbury’s celebrates 10 years in fashion September 2, 2014 Sainsbury’s non-food director James Brown said clothing was on track to become a £1bn business as it unveiled its new collection yesterday to mark the 10-year anniversary of fashion brand Tu. The UK’s seventh largest clothing retailer by volume has doubled the number of in-house designers to 30 over the past 12 months and also [...]
Best of the Brokers for 03 September 2014 September 2, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com CLOSE BROTHERS Berenberg has upgraded Close Brothers to its Alpha stamped conviction “buy” list, and increased the target price to 1,665p from 1,640p. The broker considers Close its top pick among specialist lenders, and thinks there is a good buying opportunity for this [...]
London Report: Mining shares lift FTSE despite doubt over ECB September 2, 2014 BRITAIN’S top share index steadied near a two-month high yesterday, with some caution before the European Central Bank’s policy meeting tomorrow offsetting a rally in miners prompted by stronger metals prices. The blue-chip FTSE 100 index ended 0.06 per cent higher at 6,829.17 points after rising up to 6,849.28 points, the highest level since early [...]
New York Report: Dow Jones falls after a drop in crude oil prices September 2, 2014 US STOCK indexes ended mostly lower last night, retreating from records set the previous month, as falling crude oil prices dragged energy shares down and offset strong manufacturing data. The Dow Jones industrial average fell 30.89 points, or 0.18 per cent, to 17,067.56. The S&P 500 ended down 1.09 points, or 0.05 per cent, at [...]
Burberry boss Christopher Bailey snaps up Cara Delevingne and Kate Moss September 1, 2014 Burberry has today revealed its first fragrance campaign under chief exec Christopher Bailey after launching My Burberry, inspired by the group’s signature trench coat. The ad campaign is relying on the glamour of two of Britain’s best known models, Kate Moss and Cara Delevingne, as well as social media technology to draw in savvy luxury [...]
Blow for Boris as island airport is rejected September 1, 2014 LONDON Mayor Boris Johnson was dealt a blow last night after his plan for an island airport in east London was rejected by the Airports Commission. The Mayor’s transport advisor Daniel Moylan called the decision not to back the scheme, dubbed Boris Island, “shortsighted” but said the campaign to build a four-runway hub in the [...]
Whitbread boss takes seat on Dunelm board September 1, 2014 DUNELM Group, the out-of-town specialist homeware retailer, yesterday added the boss of Whitbread to its boardroom. Andy Harrison, who has been at the helm of the Costa Coffee owner since 2010, was named as a non-executive director earlier this year and formally took up his seat on the board yesterday. Harrison, a former chief executive [...]
British Land gets full house at Regent’s Place after Guinness Partnership takes 10 year lease September 1, 2014 PROPERTY giant British Land said yesterday that its 13-acre Regent’s Place campus near Euston station is now fully let after securing The Guinness Partnership as a tenant. Regent’s Place was completed last summer and is made up of a cluster of buildings let to firms including Debenhams, Santander, Manchester City Football Club and Facebook. British [...]
Best of the Brokers for 02 September 2014 September 1, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SPIRAX-SARCO ENGINEERING Numis has moved to “Hold” from “Add’, with the target price cut to 3,000p from 3,050p. The broker thinks first half results were solid, and remain positive in the long term case for Spirax, believing it to be a world leader [...]
