London Report: FTSE falls as tobacco stocks are burned by $23.6bn US fine July 21, 2014 BRITAIN’S top share index fell yesterday, with tobacco stocks hit by a multi-billion-dollar fine against RJ Reynolds in the United States and retailers slipping after a profit warning from Tesco. The prospect of further sanctions by the West against Russia over last week’s downing of an airliner over Ukraine also discouraged investors from making big [...]
New York Report: World affairs rock markets July 21, 2014 US stocks slipped yesterday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained. The S&P 500 fell as much as 0.6 per cent, though it closed right above its 14-day moving average, suggesting buyers were [...]
How to get the best out of your older colleagues July 21, 2014 Retaining experienced staff is becoming a challenge. With the Prime Minister clearing out older men to promote younger women in the Cabinet reshuffle last week, older employees will no doubt be questioning their position in the workplace. But reassuringly, Doyle Clayton’s recent Age Before Beauty report found that 66 per cent of the 1,000 employees [...]
Transit vans to be sold in the US July 21, 2014 FORD plans to launch Transit vans in the USA next year, to replace the Econoline van series sold in the US since 1961. The first generation of Transit vans was sold in the UK in 1965, and over the decades they have become established in markets around the world.
Best of the Brokers for 21 July 2014 July 21, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BRITISH LAND COMPANY Barclays has maintained its “overweight” rating, increasing the target price to 936p from 695p. The broker believes that British Land’s underlying real estate values should continue to increase, with a spike in office rents, as well as a modest increase [...]
London Report: UK’s second quarter growth and minutes from Bank in focus July 21, 2014 THE first estimate of gross domestic product data for the second quarter is likely to be closely watched after hints of a rate rise later this year. The minutes of the July meeting of the Bank of England’s Monetary Policy Committee will also be of interest, for the same reason, and retail sales figures will [...]
Wall St The Week Ahead: US markets rebounding July 21, 2014 VOLATILITY spiked last week after the tragedy of a downed civilian jetliner in Ukraine and the mounting death toll in Gaza and Israel interrupted the summer trading slumber. Still, the bears may have to wait a while to call the start of a correction. Uncertainly took over Wall Street Thursday as investors fled stocks, giving [...]
Gimme 5 July 20, 2014 …UPCOMING EVENTS FOR ENTREPRENEURS The Fashion Exchange A day-long event for people starting up in the skincare, beauty and men’s grooming business, with several talks from industry experts. 17 September, 9am – 4pm. £40 BIS, 1 Victoria Street www.enterprisenation.com Marketing Business Surgery A four-hour workshop for businesses in their first 12 months of trading, looking [...]
Profit falls for Mattel’s Barbie girl in a Barbie World July 17, 2014 The world’s largest toymaker Mattel reported its third straight fall in quarterly revenue yesterday as sales of its iconic Barbie doll declined the most since mid-2009. Mattel’s profit more than halved to $28.3m (£16.5m) in the quarter from $73.3m a year earlier. Revenues fell nine per cent to $1.06bn, below expectations of $1.19bn.
3i appoints new director July 17, 2014 PRIVATE equity firm 3i yesterday announced the appointment of Caroline Banszky as a non-executive director. She took up the post after yesterday’s annual general meeting. Banszky is managing director of the global investment trust Law Debenture Corporation (LDC). Prior to joining (LDC), she was chief operating officer at Novae Group and finance director at NM Rothschild [...]
