British Land secures £1bn in debt April 3, 2014 Property giant British Land said yesterday it has signed a new £785m loan with a syndicate of 14 banks and that it has also closed a £200m US private debt placement. The unsecured five-year revolving credit facility is provided by banks including Barclays, Bank of China and Royal Bank of Canada.
Hyder Consulting is right on track April 3, 2014 HYDER Consulting, the London-listed engineering firm behind Crossrail and the Burj Khalifa skyscraper, yesterday said that trading is in line with expectations and it is confident in its future. “We are encouraged by the recovery in the UK and our expansion in the Middle East,” it said.
City Moves for 04 April 2014 | Who’s switching jobs April 3, 2014 Brewin Dolphin The wealth management firm has announced the appointment of Guy Foster as head of research. He joined in 2006 as an analyst from Hill Martin Asset Management, where he was an investment director and portfolio manager. Axa Investment Managers The investment management business has appointed Robert Price as a solutions strategist in its [...]
Best of the Brokers for 04 April 2014 April 3, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DEUTSCHE BANK JP Morgan has cut the bank from “overweight” to “neutral” and trimmed its target from €40 to €38. The broker thinks Deutsche’s capital buffer will decline this year due to imminent rule changes, though it does not believe the bank will [...]
London Report: Shares close down despite dovish ECB and Tullow’s gains April 3, 2014 BRITISH blue-chip shares edged lower after testing a three-week high yesterday, as the end of a two-week rally in mining shares offset gains by Tullow Oil. The session proved volatile, however, with gains made in the afternoon after European Central Bank president Mario Draghi said that action will be taken if the currency union suffers [...]
New York Report: Investors wait for jobs report April 3, 2014 US STOCKS slipped yesterday as investors turned cautious ahead of today’s monthly jobs report, while a drop in biotech and momentum shares dragged the Nasdaq down nearly one per cent. Among momentum stocks, the shares of Tesla Motors fell 2.1 per cent to $225.40 and the shares of Netflix, the online movie rental company, lost [...]
Letters to the Editor – 04/04 – Royal Mail IPO, Soccer geography, Best of Twitter April 3, 2014 Royal Mail IPO [Re: Pricing Royal Mail: Welcome to the free market, Wednesday] Simon Walker is entitled to his view that the Royal Mail pricing needed to be cautious, although there could have been few who looked at the valuation at the time and did not spot that money was being given away. In such [...]
How to use game theory at the office April 3, 2014 Defecting may be a dominant strategy, but cooperation and being a risk-taker can also pay GAME theory isn’t often associated with day-to-day life. Developed as a mathematical technique for studying complex, multi-party interactions (by the likes of John Nash, famously portrayed by Russell Crowe in the film A Beautiful Mind), it’s probably best-known as the [...]
Days of future caste April 3, 2014 FILM DIVERGENT CERT 12a Three Stars IN DIVERGENT a special young woman battles against a repressive society to achieve her true potential. Based on the first in a series of “Young Adult” novels by Veronica Roth, and with a sequel already confirmed, Divergent is unoriginal but sophisticated, engaging and surprisingly fun. I don’t wish to [...]
Richard Ayaode is a Double visionary April 3, 2014 FILM THE DOUBLE Cert 15 Four Stars RICHARD Ayoade’s first film, 2011’s Submarine, shuffled bashfully through the beaches and bedrooms of suburban seaside adolescence, stopping for cuddles, puppy love and the odd mumbled voice-over. For his second, loose Dostoevsky adaptation The Double, he dives arms flailing into the chaotic nightmare of adult anomie. It is [...]
