Nokia one step closer to French deal September 15, 2015 NOKIA shareholders were cheered by the news the company has received US regulator approval for its €15.6bn (£11.4bn) takeover of French telecoms giant Alcatel-Lucent. The deal, announced in April this year, was cleared yesterday by the Committee on Foreign Investment in the United States. With the committee’s approval, and the US Department of Justice’s antitrust [...]
Chemring relies on Middle East orders for profit September 15, 2015 AEROSPACE and defence technology company Chemring group yesterday reported that cancelled orders were impacting profitability. Revenues were up 23.8 per cent, to £119m from £96.1m this time last year, but several major orders, including radar technology for a Middle Eastern customer, have not gone ahead as planned, meaning that the company’s net debt will increase [...]
FTSE retreats as Morrisons and Glencore drop – London Report September 15, 2015 BRITAIN’S top share index fell yesterday, with miner Glencore and supermarket group Morrisons underperforming as weak Chinese data and the possibility of a US rate rise weighed on markets. The blue-chip FTSE 100 index had initially risen but then lost ground to close 0.5 per cent lower at 6,084.59 points as caution crept in before [...]
Best of the Brokers for 15 September 2015 September 15, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com KIER GROUP Jefferies continued to hold Kier group as their top pick in the construction sector ahead of its full year results on Thursday and expects the construction and property services provider to deliver profits before tax of £84.7m, in line with expectations. [...]
US interest rate rise 2015: What will a Fed hike mean for global markets? September 15, 2015 The US Federal Reserve, after months of speculation, will announce on Thursday whether or not it is to raise its benchmark interest rate for the first time in nine years. Experts have questioned whether the US, and the world, is ready. Even the IMF has called for a delay. Unemployment in the States [...]
Pros and cons of selling your house using online-only estate agents – CNBC Comment September 15, 2015 I’ve recently moved home and I don’t need to remind you of how much of an ordeal that can be. The story ends well but not without the usual bouts of anxiety, stress and emotional trauma. In January, I opted to pay a flat fee of around £800 (including tax) for the services of [...]
New manager? How to ensure you don’t jinx the promotion September 15, 2015 When your first management position comes along, it’s tempting to say yes without thinking. But “accept and figure it out later” isn’t usually the best policy. Most employees who move into a management role experience a rude surprise. In fact, 65 per cent say they regret taking management positions. The good news is that [...]
Sam Torrance’s Golf Comment: Walker Cup triumph was simply magnificent September 15, 2015 They were simply magnificent. I am of course talking about Great Britain and Ireland who beat a strong United States team on Sunday to regain the Walker Cup at Royal Lytham and St Annes. The Walker Cup is the pinnacle of amateur golf, the equivalent of the Ryder Cup. Great Britain and Ireland were [...]
EU migrant crisis: European ministers hold emergency meeting as more states follow Germany’s lead September 15, 2015 Europe's flagship policy of open borders is in danger of coming apart at the seams, with at least six countries committing to re-establishing border controls in the face of the ongoing migrant crisis. Germany’s surprise decision to restore controls over the weekend has had a dramatic knock-on effect, prompting other countries including Austria and Hungary [...]
Hastings Insurance Group IPO: Insurer looks to raise £180m in London float September 15, 2015 Hastings Insurance Group will kickstart its plans to float on the stock market today, City A.M. understands. The insurer is set to announce that it wants to raise as much as £180m from the IPO, according to Sky News, which first reported the story. Hastings declined to comment. The firm, which specialises in motor insurance, [...]
