World’s biggest election starts April 7, 2014 Indians start voting in the world’s biggest ever election today, with a Hindu nationalist opposition party that has promised economic rejuvenation and jobs tipped to emerge as the clear leader but likely to fall short of an absolute majority. The elections to choose members to the 543-seat Lok Sabha, or House of the People, will [...]
Far-right makes gains in Hungary April 7, 2014 Hungarians handed their maverick Prime Minister Viktor Orban another four years in power in a parliamentary election yesterday, while about one in every five voters backed Jobbik, a far-right opposition party accused of anti-Semitism. After almost 90 per cent of the ballots were counted, election officials projected Orban’s Fidesz party would win 132 of the [...]
HSBC’s former legal boss hired for Aquis board April 7, 2014 AQUIS Exchange, the trading platform set up by the former boss of Chi-X Europe, has beefed up its board by adding HSBC’s ex-legal chief Richard Bennett to its roster. Bennett, who was group general counsel of HSBC and spent 33 years at the bank, will join Aquis’s boardroom today as an independent non-executive director. The [...]
Strand Hanson hires new Africa chairman as it looks to expand April 7, 2014 BOUTIQUE merchant bank Strand Hanson today said it has hired former Credit Suisse banker Lord St John as chairman of its African business and deputy chairman of its London operations. The natural resource-focused bank said that Anthony St John would have a particular remit to advise on the company’s expansion across Africa. St John, a [...]
City Moves for 07 April 2014 | Who’s switching jobs April 7, 2014 Carmignac Gestion The asset management firm has appointed Keith Ney as sole portfolio manager of the European bond fund Carmignac Securite. He joined in 2006 from Fincapital, where he was a European equities analyst. Duff & Phelps The corporate finance advisory firm has appointed two managing directors to its global restructuring practice. Steve Billot joins [...]
The man putting new power into Battersea Station April 7, 2014 Rob Tincknell talks to Kasmira Jefford about British buyers and a new breed of nesters ROB TINCKNELL is leading the way up a flight of steps to the roof of Battersea Power Station’s marketing suite. “We have got to be really quiet,” he whispers, as he opens the door onto the terrace and points to [...]
Best of the Brokers for 07 April 2014 April 7, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com IMPERIAL TOBACCO Panmure Gordon has maintained its “hold” rating on the tobacco company and left its earnings forecasts unchanged, ahead of new legislation to introduce plain packaging in the UK. The broker warned this would be a concern in the long term but [...]
London Report: M&S in focus as clothing sales forecast to fall April 7, 2014 HIGH street bellwether Marks & Spencer will be in the spotlight this week as the giant retailer updates the City for the three months to the end of March. Analysts predict that the company’s clothing sales will fall for the 11th quarter in a row, inviting questions about what the firm can do to revamp [...]
Wall St The Week Ahead: New earnings season set to start this week April 7, 2014 AFTER their worst week in several years, high-flying stocks that defied gravity throughout 2013 look like they’re in for more punishment. The reason: Despite the plunge, they still look overvalued. Familiar names such as Netflix, Facebook and Tesla Motors, along with a number of biotechnology and cloud-computing stocks, have been hit in the last month. [...]
Thinking contextually April 7, 2014 Liam Ward-Proud talks digital with Starcom MediaVest’s Stewart Easterbrook AFTER heading up Starcom MediaVest’s UK business for five years, Stewart Easterbrook moved into a pan-European role as executive director of performance and digital development in 2008. Now focusing on innovation and growth across the region, he tells City A.M. about the importance of context, and [...]
