Ex-Lloyds chairman Sir Win Bischoff hired by JP Morgan August 12, 2014 City veteran Sir Win Bischoff was yesterday hired as chairman of JP Morgan Securities, to oversee the giant US bank’s main corporate and investment banking operations in Europe, the Middle East and Africa (EMEA). He takes up the post in January 2015, replacing Tom Hoppe.
Best of the Brokers for 13 August 2014 August 12, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com OPHIR ENERGY Societe Generale put a “hold” rating on the Africa-operating oil and gas company, with a price target of 230p. Despite a high-profile failure in Gabon, they continue to do well in Tanzania and Equatorial Guinea. HARGREAVES LANSDOWN UBS have slapped a [...]
London Report: FTSE flat as Pru data counter geopolitical tensions in Ukraine August 12, 2014 BRITAIN’S top shares yesterday were pegged back by tension between the west and Russia over Ukraine, although robust results lifted insurance and pensions group Prudential. The FTSE 100 closed down 0.4 of a point – flat in percentage terms – at 6,632.42 points. A convoy of 280 trucks that Russia said were carrying humanitarian aid [...]
New York Report: Dow slips on world tension August 12, 2014 WALL Street yesterday fell back slightly after two days of gains, as investors focused on geopolitical tensions. The Dow Jones industrial average lost 9.44 points, or 0.1 per cent, to 16,560.54. The S&P 500 index was down 3.17 points, or 0.2 per cent, to 1,933.75, while the Nasdaq composite fell 12.08 points, or 0.3 per [...]
Premier League 2014-15 Preview: Part two August 12, 2014 TOTTENHAM HOTSPUR LAST SEASON The £100m post-Gareth Bale spend resulted in instability and the sacking of Andre Villas-Boas, with straight-talking Tim Sherwood guiding Spurs to sixth despite knowing he was gone irrespective of results TRANSFERS Key ins: Ben Davies, Michel Vorm, Eric Dier. Key outs: Heurelho Gomes, Jake Livermore, Gylfi Sigurdsson BIG [...]
Jaguar and Land Rover revs up Tata Motors August 11, 2014 Strong sales of luxury Jaguar and Land Rover vehicles helped Tata Motors triple its first quarter profit, more than making up for a drop in domestic sales. Tata Motors, part of the £60bn Tata empire, said profit rose to 53.98bn rupees (£525.6m), the highest in nine quarters, up from 17.26bn rupees in 2013. Revenue rose [...]
Rich Kinder bags $1bn and creates biggest energy infrastructure company in North America August 11, 2014 Texas billionaire Rich Kinder pocketed $1bn (£595,720m) yesterday after he declared he would consolidate his companies. Bringing together Kinder’s complex empire of pipes, oil storage tanks and gas-processing plants will create the biggest energy infrastructure company in North America. They currently have a combined market value of £106bn. The value of Kinder’s holdings surged by [...]
£15 Microsoft phone targets emerging markets August 11, 2014 Microsoft yesterday launched a budget mobile phone that will set buyers back just £15. The Nokia 130 reaffirms the world’s largest software company’s commitment to low-cost products after recently revealing plans to put an end to the Nokia’s existing low-cost handset ranges. The Nokia 130 is supposed to appeal to lower wage workers primarily in [...]
Maplin appoints Darren Shapland as chairman August 11, 2014 Electrical goods retailer Maplin has appointed Darren Shapland, the new Poundland chairman, as its non-executive chairman. He replaces John Lovering who is retiring. Shapland starts his role next month following the sale of Maplin by Montagu Private Equity to Rutland Partners for £85m in June. Shapland was previously Carpetright chief executive and also held senior [...]
Gemfields gains £9.2m from its latest auction August 11, 2014 GEMFIELDS, the precious gems miner that has actress Mila Kunis as its brand ambassador, yesterday said it sold 11.6m carats of emerald and beryl at its latest auction, raising $15.5m (£9.2m) in revenues. The Aim-listed company said 21 companies attended and bid at the auction, which was the fifth to be held in Lusaka, the [...]
