After Brent crude dipped below $40 per barrel, do we have anything to fear from lower oil prices for longer? December 9, 2015 James Butterfill is head of research & investment strategy at ETF Securities, says Yes The risk with a lower oil price lies in its combination with Fed/Bank of England rate rises. Loan delinquencies in the energy sector are likely to rise as rates go up. The most recent oil and gas survey from IHS highlighted [...]
Best of the Brokers for 9 December 2015 December 9, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MORRISON SUPERMARKETS HSBC has upgraded Morrisons from “sell” to “hold” after a weak third-quarter trading statement from the supermarket last month caused shares to fall below HSBC’s target price of 150p. It has left its forecasts and target price unchanged. The broker said [...]
Miners see big sell offs pushing the FTSE downward – London Report December 9, 2015 The FTSE 100 index closed down last night, led lower by miners. The index shut 1.42 per cent down at 6,135.22 points. Anglo American’s share price fell 12.29 per cent, while Rio Tinto’s followed, dropping 8.37 per cent. Glencore was down 6.92 per cent, while Antofagasta and BHP Billiton dropped 7.57 per cent and 5.54 [...]
Christmas ‘tis the season to… sort out your finances: Use the holidays to prepare for a more financially savvy New Year in 2016 December 9, 2015 Christmas is a time of abundance, of eating, drinking and throwing money around like there’s no tomorrow. But the combination of profligate spending and time off work can make the festive period a good time to take stock of your finances. While cautioning readers about the pitfalls of over-spending at Christmas may make me [...]
Can robots be the victims of harassment in the workplace? The law will have to be revised to deal with more automation December 9, 2015 In November, the Bank of England warned that up to 15m British jobs are under threat from automation. And whether you work on the factory or the trading floor, the probability is high that you’ll have to get used to more machines in the workplace. But as the speed of technological change accelerates, law-makers [...]
City Moves for 9 December 2015 | Who’s switching jobs December 8, 2015 ACTIVA CAPITAL French independent private equity company Activa Capital has appointed Mathilde Sergent, 30, as manager. Prior to joining Activa Capital, Mathilde was for five years as M&A associate at Nomura, where she worked in the consumer goods, distribution and transport and infrastructure industries. EY EY has appointed Niranjan Nathan as a partner in its [...]
Oil and China hit Wall Street – New York Report December 8, 2015 CRASHING oil prices and fears over weak Chinese data yesterday pulled US stocks down in a choppy session. The Dow Jones industrial average fell 162.51 points, or 0.92 per cent, to 17,568, the S&P 500 lost 13.48 points, or 0.65 per cent, to 2,063.59 and the Nasdaq Composite dropped 3.57 points, or 0.07 per cent, [...]
Property tech sector is battling inertia to shake up Britain’s housing industry December 8, 2015 The UK property technology sector has undeniably seen substantial growth over the past 18 months. In June last year, the property portal Zoopla listed for approximately £1bn. Since then we have seen the launch of a startup accelerator dedicated to early stage property businesses and a large amount of capital invested into young companies which [...]
Why politicians will always struggle to sell action against climate change to the public December 8, 2015 The two week long Paris conference on climate change seems to be dragging on interminably. There are obviously many reasons why such summits find it difficult to reach meaningful agreements. But a fundamental one is that the electorates of the West are being asked to bear substantial costs right here and now, in return for [...]
How business can play its part in defeating poverty – and rebuild the public’s trust too December 8, 2015 A huge amount of study has been undertaken into the causes of poverty, and the routes out of it. Time and again, education comes out as the number one factor that can make the most difference to people’s futures over the longer term. It’s no secret that more children from poorer backgrounds struggle in school, [...]
