City Moves for 03 December 2015 | Who’s switching jobs December 2, 2015 COLLIERS INTERNATIONAL Colliers International has bolstered its Europe, Middle East and Africa (EMEA) business with a new head of EMEA finance, David Jones. Based in London, David’s role will focus on the delivery of financial commitments for the rapidly growing business and controlling EMEA financial reporting through to the group finance team in Canada, while [...]
Fed rate hike: Index sharply lower after Janet Yellen remarks – New York Report December 2, 2015 Hawkish comments from Federal Reserve chair Janet Yellen yesterday which boosted expectations of an interest rate hike pulled US stocks sharply lower. Investors also attributed late-day selling to news coverage of a shooting in southern California, in which 12 people are said to have been killed . The Dow Jones industrial average fell 158.67 points, [...]
The UK needs to better insure itself against the cyber-terrorism threat December 2, 2015 In the week after the devastating atrocities in Paris, the chancellor announced that infiltration of our online infrastructure ranks alongside “guns, bombs and knives” as a terrorist threat against which the UK needs urgently to defend itself. Elevating cyber-terrorism in such a public manner, backed up with commendably generous financial resources for our security services, [...]
The OBR deficit conundrum: Why all is not necessarily rosy in George Osborne’s fiscal garden December 2, 2015 The office for Budget Responsibility (OBR) finds a £27bn improvement in the public finances” is the message that many will have taken away from last week’s Autumn Statement and Spending Review. Combined with the deficit (PSNB) moving into surplus at the end of the forecast period, and the fall in total public spending as a [...]
A global carbon tax would create a vital incentive for businesses to work against climate change December 2, 2015 This week, world leaders, scientists, businesses and many others have converged on Paris for COP 21, the most significant international climate change conference since Copenhagen in 2009. Top of the agenda will be agreeing a new climate change agreement that stops long-term global temperatures from rising by more than 2°C, the threshold predicted [...]
Syria vote: Have the opponents of war in Syria been unfairly labelled as being weak on defence? December 2, 2015 Professor Michael Kerr, the director of the Middle East & Mediterranean studies programme at King's College London, says Yes There is no doubt that Islamic State (Isis) represents a significant threat to UK security. Its objective is to create instability and provoke a counter-terrorism response that damages Western interests in the Middle East. Bombing Isis [...]
Aberdeen Asset Management, Ideagen, Hammerson: Best of the Brokers for 2 December 2015 December 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com IDEAGEN Thanks to a recent £4.9m Award Decision Notice from a UK public sector body, business is looking rosy for software solutions company Ideagen, which derives more than three-quarters of its revenue from the governance, risk and compliance sector. Analysts at Finncap [...]
Lenders buoy FTSE 100 after stress over tests fades – London Report December 2, 2015 A buoyed banking sector after passing Bank of England (BoE) stress tests yesterday pushed the FTSE 100 upwards, making up for underperforming European indices in the previous session. Financial stocks added nearly 20 points to a 39.56 point advance for the blue-chip index, which was up 0.6 per cent at 6,395.65 by the close. Barclays’ [...]
Return of the dividend: Growth might be muted in the UK, but foreign firms are paying out December 2, 2015 The UK has a very good track record when it comes to companies paying dividends. Businesses understand the importance of looking after shareholders, who in turn understand the value of either reinvesting those dividends (which account for two-thirds of total returns over the very long term) or using them to supplement an income. So it’s [...]
Three of the best business books to read this Christmas: Nothing says “glad tidings” like a book on nudge theory December 2, 2015 Whether you need help deciding how many mince pies it is optimal to eat this Christmas, or how John Lewis has survived revolutions in the retail sector, City A.M. has been compiling a list of some of the best business books to enjoy over the festive period. Here are three. THINKING IRRATIONALLY Historically, the [...]
