City Moves for 21 February 2014 | Who’s switching jobs February 20, 2014 Jones Lang LaSalle Christopher Shead has joined the real estate services firm as a director in its renewable energy capital team. He was previously at FIM Services, where he led its renewable investment division. Before that, Shead worked in the global climate and renewables business at E.On. Nomura The investment bank has appointed David Hague as [...]
Best of the Brokers for 21 February 2014 February 20, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com HENDERSON GROUP Canaccord Genuity downgraded the investment management company from “buy” to “hold” with a target price of 235p. The broker’s previous recommendation was based on the now-completed turnaround reorganisation. Canaccord now recommends profit taking. BIG YELLOW GROUP Jefferies retained its “buy” rating [...]
London Report: Bears point to China yet FTSE still edges up February 20, 2014 BRITAIN’S top shares edged higher yesterday, tracking gains in US stocks but pinned back by miners after China’s factory activity dropped, while BAE Systems slid after forecasting a decline in earnings this year. The FTSE 100 staged a late recovery, tracking Wall Street higher after strong US manufacturing data. Basic materials stocks, including miners, exerted [...]
New York Report: Facebook and Tesla prompt rise in shares February 20, 2014 US STOCKS climbed yesterday after a data reading on manufacturing activity hit its highest in nearly four years, while news about Facebook and Tesla drove their shares to record highs during trading. US factory activity accelerated at its fastest pace in nearly four years in February, according to Markit’s preliminary US manufacturing purchasing managers’ index, [...]
How free markets are making solar energy feasible without subsidies February 20, 2014 IT MAY be a clean form of energy, but solar has become a dirty word in some circles. Given expensive subsidies and feed-in-tariffs, solar (like other renewables) has looked like yet another uncompetitive distraction. It’s little surprise that countries like Germany, which have made the greatest commitments to renewables, also have the highest domestic energy [...]
The Long View: The Lego revival: What the brickmaker can teach us about creative freedom February 20, 2014 THE LEGO renaissance is one of the great business stories of our time. A decade ago the Danish firm was on the brink of bankruptcy. It is all different now. Last autumn it overtook Hasbro to become the second-biggest toymaker in the world. This month’s box-office triumph for The Lego Movie, $50m (£30m) over the [...]
Ukraine’s crisis sits on a knife edge as protest morphs into revolution February 20, 2014 THERE is almost nothing more difficult for a political risk analyst than assessing the dynamics of a revolution, a situation in which long-held conventional wisdom can be upended in a matter of minutes. For only one question matters in Kiev today: what is the likely end game for Ukraine, and how do we get there? [...]
Letters to the Editor – 21/02 – Wasted Parliament, Best of Twitter February 20, 2014 Wasted Parliament [Re: Has the government now missed its chance to repair Britain’s public finances? Wednesday] Dominic Raab is wrong to say that it is “churlish to underestimate the challenge of turning around the economic mess inherited in 2010”. It would have helped if this government had actually done something to cut back the state, [...]
Vampire films never get old… or do they? February 20, 2014 FILMONLY LOVERS LEFT ALIVECert 15 | By Steve DinneenThree Stars ONLY Lovers Left Alive is a movie with vampires in it, but it’s not really a vampire movie. It hemorrhages introspection and indie sensibility rather than horror panache. There’s hardly any blood in it. If I were the kind of writer who used bad puns, [...]
Curlers make it Britain’s best winter for 90 years February 20, 2014 BRITISH skip Eve Muirhead hailed the character of her curling rink to win the bronze medal yesterday that makes Sochi 2014 Team GB’s best Winter Olympics for 90 years. After “tough words” were exchanged following Wednesday’s semi-final defeat to Canada, Britain bounced back to beat Switzerland 6-5, Muirhead gaining the decisive point with the final [...]
