Salamander 2014 output on track May 6, 2014 South east Asia-focused oil and gas explorer Salamander Energy yesterday said it was maintaining its 2014 average production forecast of 13,000 to 16,000 barrels of oil per day, as operations had recovered well from a period of downtime at the Bualuang field, located off Thailand, earlier in the year. The London-listed firm said last week [...]
City Moves for 07 May 2014 | Who’s switching jobs May 6, 2014 Aviva InvestorsThe asset management business has appointed Katherine Wade to its equity investment team. She has more than 20 years’ experience and joins from Citigroup, where she was an equity sales generalist. Prior to that, Wade held sales and research roles at NatWest Securities and Bankers Trust. Deutsche BankThe bank has announced the appointment of [...]
Best of the Brokers for 07 May 2014 May 6, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BREWIN DOLPHIN Panmure Gordon has started covering the wealth manager with a “buy” rating and 400p target. The broker reckons the recent changes to pensions and the spread of new technology in investment are creating the perfect storm for growth in firms like [...]
London Report: Banks and pharma drop knocks FTSE off nine-week high May 6, 2014 WEAK results from Barclays and Aberdeen Asset Manage-ment yesterday knocked the FTSE 100 index from its nine-week high, while falls in pharmaceutical prices also took their toll on the market. The blue-chip FTSE 100 index closed down 23.86 points, or 0.35 per cent, at 6,798.56 points, after hitting 6,838.17 points on Friday, its highest level [...]
New York Report: Twitter drags on US shares May 6, 2014 American stocks fell sharply yesterday, with AIG pulling financial shares lower after disappointing earnings, and as a slide in Twitter took down other names in the technology and internet space. The Dow Jones industrial average fell 129.53 points or 0.78 per cent, to 16,401.02; the S&P 500 lost 16.94 points or 0.9 per cent, to [...]
Letters to the Editor – 07/05 – Political failure, Pfizer-AstraZeneca, Best of Twitter May 6, 2014 Political failure [Re: We are stuck in a disastrous spiral of misplaced interventionism, Friday] I couldn’t agree more with this diagnosis of political failure. But I think rising rent is largely a London problem. When I was younger, the idea was you bought a small two bed terrace and moved your way up the ladder. [...]
Three things leaders do before work May 6, 2014 High achievers make the most of the quiet early hours to read, reflect, and exercise By the time most of us wake up (around 6.40am, according to a 2010 study on average sleep times by technology company Philips), many highly successful people have already responded to dozens of emails, calls, and started planning out the [...]
Why wait till Christmas? May 6, 2014 Visiting the US convinced Village East’s Toby Stuart of the value of turkey This turkey confit recipe was inspired by a trip to Chicago last summer. It’s a very vibrant city with some of the best chefs in the world working there. The top end of the market is phemomenal but you’ve also got places [...]
10-week fitness challenge | The get-fit diary of an out of shape office worker May 6, 2014 The end is in sight – I have four weeks to go in my fitness challenge (with a week added on to mitigate for missed sessions). Knowing it will soon be over is great for refocusing your mind – the last fortnight has been a slog but having had a few days off I feel [...]
Long row in prospect as Man City reject Uefa deal May 6, 2014 MANCHESTER City are on course for a summer-long battle with European governing body Uefa over their proposed punishment for breaking new financial fair play (FFP) rules. Uefa have offered City a settlement comprising a €60m (£49m) fine and a restriction on the size of squad they can use in next season’s Champions League – but [...]
