Scotland puts on a show at Commonwealth Games ahead of independence vote July 23, 2014 Scotland put on a high-energy Commonwealth Games opening ceremony featuring a bevy of celebrities, including Billy Connolly and Rod Stewart, before the Queen and a TV audience of hundreds of millions. It was a colourful, chest-beating show by the city of Glasgow at Celtic Park, no doubt intended to stir the emotions of every [...]
Pepsi’s forecast takes fizz out of Peltz’s split call July 23, 2014 AMERICAN drinks and snacks giant PepsiCo yesterday raised its full-year profit forecast as it reported better-than-expected second-quarter results on higher sales and lower costs. The forecast gave management new ammunition to fend off calls from investor Nelson Peltz to split the firm. The maker of Pepsi-Cola, Walkers Crisps and Quaker Oats posted strong growth in [...]
CVC drives towards $750m tech fund July 23, 2014 FORMULA One co-owner CVC Capital Partners has laid plans for a specialist buyout fund to snap up start-up tech businesses. The fund, which is much smaller than its usual multi-billion pound pots, will look to raise around $750m (£440m) for CVC Capital Growth Investors. CVC has raised more than $70bn of funds since it started [...]
EU slaps Ryanair with fine over French aid money July 23, 2014 Ryanair faces having to repay €9.6m (£7.6m) in French state aid, after the European Commission found the airline had gained “an undue advantage” thanks to the money. The repayments relate to operating at three regional French airports, Angouleme, Nimes and Pau Pyrénées. Ryanair said it had instructed its lawyers to appeal against these rulings.
Best of the Brokers for 24 July 2014 July 23, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com B&M RETAIL Jefferies has initiated with a “buy” rating, with the target price at 350p. The broker believes the retailer has an excellent track record, with clear scope to grow stores, particularly in the south of England, and thinks that B&M is likely [...]
London Report: Tesco share price falls to lowest in 10 years as GSK warns on earnings July 23, 2014 Shares in Tesco yesterday fell to their lowest level in almost a decade after the beleaguered supermarket issued a profit warning earlier this week and announced that chief executive Philip Clarke is stepping down. Tesco’s shares fell 0.49 per cent to 276p yesterday, down 4.6 per cent since Monday when Clarke’s exit was announced and [...]
New York Report: Apple at core of S&P record July 23, 2014 US stocks yesterday ended mostly higher, with the S&P 500 closing at a record on Apple’s bullish results. However, Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market’s gains in check. The Dow Jones industrial average fell 26.91 points or 0.16 per cent, to end at 17,086.63. [...]
Commonwealth Games: What to look out for in first few days of Glasgow 2014 July 23, 2014 Today Sir Bradley Wiggins will bid for his first Commonwealth Games gold medal on day one in the track cycling team pursuit alongside England colleagues Ed Clancy, Steven Burke and Andy Tennant; England’s Brownlee brothers, Olympic champion Alistair and former world champion Jonny, and Jodie Stimpson all have triathlon medal ambitions; Scottish swimmer Michael Jamieson [...]
Poppy link to Queen’s horse July 23, 2014 THE HORSE feed firm linked to the Queen’s mare Estimate says poppy seeds may have led to the 2013 Ascot Gold Cup winner testing positive for Morphine. Dodson and Horrell denies any contamination occurred on its site and confirmed an investigation is underway with a supplier regarding product Alfalfa Oil Plus. “It appears that any [...]
Critics forced Prior decision July 23, 2014 RELENTLESS media scrutiny was a principal factor in wicketkeeper Matt Prior quitting England duty for the rest of the summer, says Sussex manager Mark Robinson. Prior cited injury when making the announcement after England’s defeat to India in the second Test at Lord’s on Monday. “The media have hunted him mercilessly and made his position [...]
