Best of the Brokers for 02 June 2014 June 2, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ASOS N+1 Singer has lowered its target price on the online fashion retailer from 5300p to 4100p but maintained its “hold” rating on the stock. The broker is concerned that the group’s sales growth rate in overseas markets is under threat, and has [...]
London Report: UK data to show economy is on path to recovery June 2, 2014 ECONOMIC indicators out this week are expected to show the UK recovery continuing at a healthy pace. PMI survey data for services, manufacturing and construction are likely to show strong growth throughout May. Blerina Uruci, of Barclays, expects services PMI to hit 60 in May, up from 58.7 and well above the 50 figure which [...]
Wall St The Week Ahead: Jobs data and ECB will sway bonds market June 2, 2014 THE rally in US Treasury bonds surprised many, taking 10-year yields to their lowest levels in 11 months. Jobs data and the European Central Bank meeting next week will determine whether bond prices have further to go. The bond market’s rally is the result of a confluence of factors – falling yields in Europe, extra [...]
The business builder June 2, 2014 Harriet Green talks vans, contractors and disastrous renovations with aspect.co.uk co-founder Will Davies WITH the supply crunch starting to bite in the London office space sector, according to CBRE, and with average London house prices now at £485,000, the old adage that 1 per cent of a property’s value should be spent on upkeep annually [...]
Gimme 5 June 2, 2014 …EVENTS FOR ENTREPRENEURS IN JUNE Online Marketing Masterclass 17 June, 2-6pm, British Library £97, but £45 with the code “cityam” Grow, the small business marketing experts, host a masterclass covering the nine areas of digital marketing you need to know for web success. www.wearegrow.com Crowdfunding Step-by-Step 4 June, 10.30-5.30pm, Rainmaking Loft Free Learn everything you [...]
The biggest story since the end of the Cold War: China’s new anti-West axis June 1, 2014 IN THE words of the great stoic philosopher Marcus Aurelius, “The object of life is not to be in the majority, but to escape finding oneself in the ranks of the insane.” By this definition, the greater number of foreign policy analysts ought to be speedily locked up, as they have so underrated the seismic [...]
City Matters: Britain’s new MEPs must do their job – whatever they think about the EU June 1, 2014 THE EUROPEAN elections saw a series of striking results, as Ukip became the first party other than Labour or the Conservatives to top a nationwide poll since 1906, and anti-establishment parties surged across Europe. Pundits have spent days discussing the results and what Ukip’s rise means for the established parties and their leaders. But while [...]
Why Europe’s right to be forgotten online will be an expensive mistake June 1, 2014 GOOGLE has taken the first steps towards complying with the European Court of Justice’s (ECJ) ruling that people have a right to have links removed from search results. But debate around the “right to be forgotten” online is not going away. Some have praised the ECJ for empowering individuals to have more control over their [...]
Letters to the Editor – 02/06 – Drugonomics, Taxing times, Best of Twitter June 1, 2014 Drugonomics [Re: Vice adds around £10bn to the UK economy, Friday] That drugs constitute such a sizeable chunk of economic activity is a reminder of the potential gains to be had from legalisation. At around £1bn for powder cocaine, £828m for cannabis, and over £4.4bn for all illegal drugs combined, these estimates give an idea [...]
Brutal simplicity June 1, 2014 Liam Ward-Proud talks to M&C Saatchi worldwide chief executive Moray MacLennan BORN of an unhappy schism at Saatchi & Saatchi (brothers Maurice and Charles were forced out by the board in 1995), M&C Saatchi has since overtaken its near-namesake in the agency pecking order. UK billings were down 7 per cent in 2013 to £188m [...]
