Advisers run rule over goggle maker Zoggs April 28, 2014 SWIMMING goggle maker and swimwear retailer Zoggs could be sold after its financial bankers appointed advisers to conduct a strategic review of the business. Zoggs is controlled by The Kendal Group, which is understood to have recruited corporate finance adviser McQueen to look at its options, which could include a sale, mergers or acquisitions.
CME Group launches London market April 28, 2014 Exchanges giant CME Group yesterday launched CME Europe, its new London-based exchange for currency and commodity futures and derivatives. Around half of the global $5.3 trillion global foreign exchange market is traded each day in the UK, CME Group says it hopes to obtain greater access to this market.
Gold production rises at Randgold April 28, 2014 Gold production from Randgold Resources’ Tongon mine in northern Ivory Coast will hit 260,000 ounces this year, up from 233,591 ounces in 2013, the company said. Mark Bristow, CEO, said that if gold prices remained between $1,200 and $1,300 per ounce, the $480m spent on the Tongon mine would be repaid by 2015.
Best of the Brokers for 28 April 2014 April 28, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DEVELOPMENT SECURITIES Peel Hunt has a “buy” rating and 290p target ahead of the property firm’s full-year results on Wednesday. The broker is forecasting a 2.6 per cent increase in the company’s portfolio, increasing from 0.2 per cent in the first half of [...]
London Report: British economy in fifth straight growth quarter April 27, 2014 BRITAIN’S economy is expected to show its continued return to form this week, with official data likely to show a fifth consecutive quarter of expansion. Figures due from the Office for National Statistics tomorrow are expected to reveal the economy grew by 0.8 per cent in the first quarter, despite worries that February flooding would [...]
Wall St The Week Ahead: Investors want the good oil on energy stocks April 27, 2014 SINCE late February, when investors fell out of love with biotechnology and other high-flying stocks, the market’s fuel has been oil. Energy names have been the best-performing sector in the S&P 500 since February 25 when the selloff in high-growth stocks began. The sector will look to build on recent gains when bellwethers Exxon Mobil, [...]
Free trade can defuse Asia’s powder keg – but Obama risks blowing it all April 27, 2014 TRUST the “Big Dog” to have Barack Obama’s number. Bill Clinton, one of the shrewdest political operators ever, is reported to have complained about the current occupant of the White House. Obama, Clinton tellingly opined, has done almost all the hard things right: intellectually he has a coherent rationale for almost every major project he [...]
City Matters: The booming City cluster is driving growth across the whole of the UK April 27, 2014 SPRING in Britain is in full flow as the May Day bank holiday fast approaches. And this year, the economic news matches the improving weather. A new City of London Corporation report showed just last week that the Square Mile continues to play an important role in London’s ongoing success. The City is forecast [...]
How Britain can nurture the next generation of super-entrepreneurs April 27, 2014 THOMAS Piketty’s Capital in the 21st Century is setting the bestseller charts alight in a way that economics tomes usually cannot. For those insistent upon the importance of economic equality, it is the most anticipated release since Kate Pickett and Richard Wilkinson’s The Spirit Level. But is the accumulation of wealth inherently bad? In research [...]
Letters to the Editor – 28/04 – Build up and out, Best of Twitter April 27, 2014 Build up and out [Re: How a terraced street revolution could fix London’s housebuilding crunch, Friday] I remain to be convinced that terraced housing is higher density than high rise. If New York and Hong Kong wanted to make more housing available, would they knock down their high rises and build two storey terraces instead? [...]
