Champions League: Rooney finds scoring touch in Euro romp August 27, 2015 CLUB BRUGGE 0 MANCHESTER UNITED 4 MANCHESTER UNITED WIN 7-1 ON AGGREGATE SKIPPER Wayne Rooney admitted that his status in the game makes harsher scrutiny inevitable should he suffer a goal drought after catapulting his side to the Champions League group stages with a hat-trick against Club Brugge last night. England captain Rooney ended a [...]
China’s stock market turmoil could spell bad news for London flotations August 26, 2015 When China sneezes, IPO-hungry investment bankers in London catch colds: it’s not quite as catchy as the original epithet, but it contains a distinct ring of truth. China’s stock market turmoil is unlikely to be a short-term phenomenon: the schizophrenic exhortations of Beijing to simultaneously beware of, and embrace, the ultimate expression of a [...]
UK housing market: Remortgaging spurred on by Bank of England interest rate hike threat August 26, 2015 Remortgaging has surged as the prospect of an interest rate rise leads homeowners to lock in better deals. The number of people switching to lower rates was 29 per cent higher in July than in the some month last year, figures released yesterday by the British Bankers’ Association (BBA) showed. “Savvy homeowners are snapping up [...]
Optimal Payments to join FTSE 250 after €1bn Skrill takeover August 26, 2015 PAYMENTS processor Optimal Payments will rebrand and join the FTSE 250 in the wake of its €1.1bn (£805m) takeover of rival Skrill. The company, currently listed on the alternative investment market, will move the main market after the “transformational” deal is completed, it confirmed yesterday. It also signalled it was continuing to assess M&A opportunities [...]
Apax’s buyout assets drive listed fund up August 26, 2015 A LISTED fund floated by private equity firm Apax earlier this year unveiled an eight per cent rise in the adjusted value of investments in maiden results yesterday. The company floated on the London stock exchange in June and is comprised of investments made by Apax executives – including chairman Martin Halusa – and the [...]
Sainsbury’s to pay staff above minimum wage August 26, 2015 SAINSBURY’S has become the latest retailer in the UK to pay its shop staff above the government’s new national living wage from next month. Britain’s second biggest retailer announced today it will pay all its 137,000 non-management store colleagues at least £7.36 from 30 August, up from £7.08 previously. Ikea also revealed a pay hike [...]
City Moves for 27 August 2015 | Who’s switching jobs August 26, 2015 Nomura Asset Management Andreas Koerner has been appointed head of marketing and client relations for Europe, the Middle East and Africa. He has worked for Nomura Asset Management Germany, where he is chief executive, for almost 12 years. ANV Underwriters The specialty insurance group has appointed Christina Lippert as underwriting manager, professional lines, commercial, Europe. [...]
Wall St snags biggest gains in four years – New York Report August 26, 2015 WALL STREET racked up its biggest one-day gain in four years yesterday as fears about China’s economy gave way to bargain hunters emboldened by expectations the US Federal Reserve might not raise interest rates next month. Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak [...]
Jackson Hole: Investors seeking clarity on the US Federal Reserve rate hikes will be disappointed August 26, 2015 As investors start to return from their summer holidays, one date in particular will be looming large in their thinking. The seventeenth of September is tipped by many to be the date when the US Federal Reserve will finally start to hike interest rates as a first step on the long road to “normalisation”. [...]
It’s the right climate to scrap the Department of Energy and Climate Change August 26, 2015 The Department of Energy and Climate Change (DECC) is small compared to other government departments, with a gross annual expenditure of just £5.7bn. However, as the government grapples with how to continue to drive down its deficit, abolishing this arm of the state should be a key priority: it would both provide vital savings [...]
