Canada sells $1.6bn car part firm April 16, 2014 US car parts company Johnson Controls said yesterday it will acquire Air Distribution Technologies from Canada Pension Plan Investment Board (CPPIB) for $1.6bn (£953m), in a move aimed at expanding its offerings in ventilation products. The transaction comes just days after CPPIB and Canadian private equity firm Onex agreed to sell industrial conglomerate Gates to [...]
Ford Mustang sent to the tower April 16, 2014 Ford Motors will attempt to get its latest model, the 2015 Ford Mustang, up to the top of the Empire State Building in New York today to celebrate the 50th birthday of the model. The publicity stunt is designed to mimic the launch event for the original Ford Mustang, which rolled off the production line [...]
Best of the Brokers for 17 April 2014 April 16, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com EASYJET Investec sticks to its “buy” rating on the budget airline and has a target of 1,800p ahead of first-half results on 13 May. The broker reckons EasyJet has more scope to expand its market and increase ancillary revenues with allocated seating, and [...]
London Report: China data and bullish retailers drive FTSE rally April 16, 2014 THE UK’S benchmark stock index rose yesterday after Chinese economic data came in a touch above forecasts, with Tesco rising on aggressive strategy plans and Sports Direct surging on a bullish note about the company. The sportswear retailer surged 5.6 per cent to the lead FTSE 100 gainers. Traders cited a note from Bank of [...]
New York Report: Yellen’s pledge to keep rates low lifts Wall St April 16, 2014 US stocks rose one per cent yesterday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank’s commitment to keeping interest rates low and Yahoo rallied. Data showing Chinese economic growth exceeded expectations and US industrial production rose for a second straight month also improved sentiment, though Bank of [...]
Letters to the Editor – 17/04 – Pensions tax, Inflation, Best of Twitter April 16, 2014 Pensions tax [Re: How Britain can rebuild welfare with the power of individual contributions, yesterday] Here we go again. Bash higher rate tax relief for private pensions. What are we going to do about public sector pensions? Of course, it’s easier to have a go at the private sector, which is already subject to all kinds [...]
ACCA Comment: Why big data matters for accountants April 16, 2014 New technologies are carving out novel career opportunities THE BIG data revolution is fast becoming the gold rush of the twenty-first century, and everyone is eager to harness the opportunities it has brought with it. Reams of data are being produced every second from phones, credit cards, online interactions, infrastructure and tablets. The data produced [...]
Office workers – stand to attention April 16, 2014 With ever more studies linking sitting down to early death, it’s time to consider losing the chair Given the prevalence of sedentary workplaces, it’s easy to forget that sitting at a desk all day is a relatively new practice. Even in the late nineteenth century, office workers were a tiny minority in the West. And [...]
Sunshine Gadgets April 16, 2014 Make summer a breeze with these clever warm-weather devices Biolite camp stove, £129.95 There’s no need to carry heavy gas canisters for this stove which generates its own power using twigs and biomass fuels. The generating unit also comes with a fan and its own battery supply. It heats the stove for outdoors cooking, recharges [...]
Disunited Europe: EU’s jobless rates puts spotlight on two-speed recovery April 15, 2014 THE HUGE gap in economic fortunes between workers in different parts of Europe was laid bare yesterday, as new figures from Brussels showed unemployment rates stretching from 2.6 per cent in parts of Germany to a staggering 36.3 per cent in southern Spain. Jobless rates also vary within the UK, but overall the labour market [...]
