Winter floods City at annual Christmas bash April 10, 2014 WITH May fast approaching you might think festive parties are a distant, mulled wine-filled memory but not for Winterflood Securities, which held its annual and undeniably epic Christmas party last night. The Old Billingsgate building down on the Thames provided a new but bountiful platform for the do. This year’s theme was old school City [...]
Irish eyes were smiling at the Stock Exchange’s Ireland Day April 10, 2014 ANY ENGLISH rugby fans passing through 10 Paternoster Square yesterday might have got the hump for a moment. A green ribbon-adorned Six Nations Cup was sat proudly on stage, next to the Irish tricolour for the Stock Exchange’s Ireland Day celebrations. The man behind the day, CEO of Ireland INC, Ian Hyland, had no idea [...]
Foreign tourists spending more on British trips April 10, 2014 ALMOST seven million people visited the UK from overseas this winter, generating a fifth more for the British economy than they did a year earlier. In the three months to the end of February, 6.95m international visitors splashed out £4.55bn while they were in the country, up 21 per cent on the same period last [...]
AO World shares steady after update showing 40pc growth April 10, 2014 SHARES IN newly-listed fridge seller AO World steadied yesterday after the firm’s maiden trading update confirmed it was on track to deliver 40 per cent revenue growth. AO, which floated in February, has been routed this week along with other tech stocks in London and the US on fears that a bubble was forming within [...]
Call for walking commuter rebate April 10, 2014 London workers who skip their commute once a week could be handed a refund of up to £310.50 on their season ticket, under a proposal set out yesterday. Roger Evans, a Conservative member of the Greater London Assembly, has sent plans to TfL that call for cash rebates for commuters who underuse their season ticket [...]
Crown Estate invests in St James April 10, 2014 The Crown Estate which owns Regent Street and other London landmarks, announced yesterday that it has made another investment in St James, acquiring 113 Jermyn Street for £6.7m. In the past five years the Crown Estate has invested £320m in 14 properties around St James’s. The investment is part of The Crown Estate’s plan to [...]
Faroe soars on Norway successes April 10, 2014 Aim-listed oil and gas explorer Faroe Petroleum saw its share price jump over eight per cent yesterday, after unveiling a gas discovery and a successful well test, both in the Norwegian Sea. “Faroe’s exploration successes provide clear vindication of our long-standing strategy to take material stakes in high-impact exploration prospects offering significant value to our [...]
City Moves for 11 April 2014 | Who’s switching jobs April 10, 2014 Saffery Champness The accountancy firm has made two senior appointments. Jamie Cassell (right) joins its business advisory group as a partner. He specialises in advising entrepreneurs and owner-backed businesses. Cassell was previously a partner at Blick Rothenberg and a director at BDO. Niraj Patel has been promoted to partner. He joined in 2000, and was [...]
Best of the Brokers for 11 April 2014 April 10, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ROYAL MAIL UBS has a “sell” rating and a target price of 450p on the newly-privatised postal firm. The broker is worried about the effects of Ofcom’s investigation into pre-sorted mail contracts, which make up 55 per cent of the UK letter market and [...]
London Report: Fed’s hint on rates steadies FTSE but Marks loses Spark April 10, 2014 BRITAIN’S top share index traded just above flat yesterday, buoyed by the banking sector after the Federal Reserve indicated it would keep interest rates lower for longer than previously anticipated. The FTSE 100 was up just 6.36 points or 0.1 per cent at 6,641.97 at the close, with financial firms contributing about half the gains. [...]
