Merkel could step down ahead of term July 14, 2014 GERMAN chancellor Angela Merkel could step down from her position in the years ahead, or may not stand in the country’s next election, according to Der Spiegel. A chancellor has not left the job without losing a federal or internal party election in Germany since 1949.
The City must not lose out on this vital new cancer centre July 14, 2014 THE SUCCESS of a city is reflected in its buildings and its health. The Square Mile is the proud home to much of the world’s prime real estate, and London hosts some of the world’s best hospitals. Recently, attention has focused on the architects lining up to introduce their visions for buildings reaching to the [...]
Best of the Brokers for 14 July 2014 July 14, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com FAROE PETROLEUM PLC Cantor Fitzgerald has maintained its “buy” rating, while keeping the target price at 195p. The broker believes that the announcement of an oil discovery at its Bue well is another encouraging update from the company, providing another further addition to [...]
London Report: Unemployment figures set to show recovery July 14, 2014 UNEMPLOYMENT figures this week are expected to show that the number of people out of work has dropped again, as the UK recovery takes hold. Jobs data is likely to show an unemployment rate of 6.5 per cent in the three months to May, down from 6.9 per cent in the quarter to February. Despite [...]
Wall St The Week Ahead: Tech earnings in spotlight as US firms report July 14, 2014 EARNINGS from some of the biggest US technology companies will take centre stage next week, giving investors a chance to re-evaluate the sector’s health. Big tech names set to report this week include Intel and Yahoo tomorrow, eBay on Wednesday and Google on Thursday. The tech sector has the highest projected earnings growth rate among [...]
The sharing economy and VCs: A marriage made through money July 13, 2014 Hitchhiking once meant a compassionate driver picking up a rain-sodden stranger for nothing more than heartfelt gratitude. Today, its modern equivalent is “ridesharing”. Drivers now list journeys on their smartphones and sell seats in advance to offset the cost of petrol. Passengers book a seat online just like booking a train ticket, except that [...]
Gimme 5: Useful websites for entrepreneurs July 13, 2014 ECorner Stanford University’s free resource for entrepreneurs, with over 3,000 podcasts featuring leading businesspeople and experts. There’s also a free app you can download. www.ecorner.stanford.edu Medium The brainchild of Twitter co-founder Ev Williams, Medium is crammed with blogs and accounts from current entrepreneurs. It also offers advice on life and careers more widely. [...]
Thousands walk out over pay and pensions July 10, 2014 THOUSANDS of public sector workers across the country walked out on strike yesterday in dispute over pay and pensions. In the capital, teachers, firefighters and other public sector staff marched on Trafalgar Square. Cabinet Office minister Francis Maude thanked staff who did not walk out, adding that estimates suggest half a million people did.
Modi government presents first budget July 10, 2014 INDIA’S new government revealed its first budget yesterday, but analysts expressed some scepticism about the deficit targets. Narendra Modi’s finance minister Arun Jaitley is targeting a public deficit equivalent to 4.1 per cent of GDP during this year, and the next financial year, helped along by economic growth of seven to eight per cent in [...]
Q and A: Why have shareholder bodies voiced concern over pay? July 10, 2014 Q What does Christopher Bailey’s pay package include? A His pay includes a basic salary of £1.1m, a £444,000 annual allowance on top of his salary, a one-off performance based award of 500,000 shares worth around £7m. He also has share awards from 2010 and 2013, which vest in 2015 and 2018 worth around £17m [...]
