Bitcoin investor eyes Albemarle & Bond buyout March 10, 2014 ONE OF the world’s biggest investors in cryptocurrency Bitcoin is eyeing a deal to take control of stricken UK pawnbroker Albemarle & Bond. Fortress Investment Group, a Wall Street fund manager founded by ex-BlackRock executives, is understood to have made a move to buy more than £50m of debt Albemarle & Bond owes to its [...]
Intellectual property company Tekcapital seeking £6m listing March 10, 2014 TEKCAPITAL, the Oxford-based firm that lets its clients invest in university-developed research and intellectual property, this morning announced its intention to list on London’s Alternative Investment Market (Aim) with an initial valuation of £6m. The firm is hoping to raise £3m from the listing to increase its client base, currently seven firms use its services [...]
City Moves for 10 March 2014 | Who’s switching jobs March 10, 2014 Shoosmiths The law firm has appointed Amanda Howlett as a partner in its EU and competition team. She specialises in contentious and non-contentious competition law. Howlett was previously head of competition at Pannone. HedgeGuard The asset management technology company has hired Richard Hutton to its family office business. He has over 10 years’ experience, and [...]
Best of the Brokers for 10 March 2014 March 10, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BWIN.PARTY Peel Hunt has a “buy” rating on the gambling firm and a target of 137p ahead of full-year results due on Thursday. While the broker expects the earnings figures to make for grim reading, with earnings down 36 per cent, it thinks [...]
London Report: Carney to face questions over Bank oversight March 10, 2014 MARK CARNEY faces probably his toughest questioning so far as Bank of England governor tomorrow when lawmakers will seize on a foreign exchange scandal to press their demands for tighter oversight of the central bank. Carney will face the Treasury Select Committee over claims the Bank’s governance system is outdated. Last week the Bank suspended [...]
New York Report: Bullish market backed by US jobs rebound March 10, 2014 STRONGER-than-expected payrolls figures on Friday did more than ease concerns about US economic fundamentals – they also seemed to justify Wall Street’s record levels, suggesting the market’s uptrend could continue. February’s jobs report followed two straight months of payrolls reports that were sharply below expectations, and the rebound reinforced the theory that weakness in December [...]
Why robots are finally breaking into business – but sadly not our kitchens March 10, 2014 ROBOTICS is now the fastest growing industry in the world, according to a recent report from Littler Mendelson, and could well become one of the largest within a matter of decades. Yet for all the hype, and fears of autonomous machines replacing human jobs, this is a comparatively recent development. The fields of robotics and [...]
City Matters: Delivering true meritocracy is not just a moral imperative – it boosts growth March 10, 2014 AS ONLY the second female lord mayor in 800 years, International Women’s Day on Saturday provided an important opportunity to reflect on how attitudes towards gender and diversity have changed over the 106 years since it was first held. We have come a long way in that period, but there is still a long way [...]
Sorry greenbelt: London has a housing crisis and needs to build out and up March 10, 2014 IF YOU think London’s housing crisis is bad, house prices are too high, or rents are extortionate, you ain’t seen nothing yet. The capital’s population is forecast to increase by a further 1m by 2021, yet only 18,380 new homes were built in 2012-13. This is not just a social problem, with increasing numbers struggling [...]
Letters to the Editor – 10/03 – Political failures, Best of Twitter March 10, 2014 Political failures [Re: Cameron is alienating his core voters without attracting new ones, Friday] The day David Cameron ceases to be leader of the Conservatives, many lifelong Tories and ex-Tories will cheer. That day cannot come soon enough. At least all the other parties get to have a leader who actually believes in their own [...]
