Mail.ru grows revenues but profits shrink amid Russian bear market August 21, 2015 RUSSIAN internet giant Mail.ru yesterday announced reduced profits before tax for the first half of the year, down 11.3 per cent from 7.99bn roubles (£76m) to 7.08bn roubles. Meanwhile the firm, which has 75.4m monthly users, reported increased revenues of 18.3bn roubles, up from 17.1bn roubles for the same period last year. Russia’s continuing economic [...]
FTSE suffering longest losing streak since 2011 – London Report August 21, 2015 BRITAIN’S top share index fell to its lowest point in seven months yesterday, its worst losing run since 2011 as investor concerns over the global economy resurfaced. The blue chip FTSE 100 index dropped 0.6 per cent to 6,367.89 points, its lowest level since January. The index was down for the eighth straight session and [...]
Best of the Brokers for 21 August 2015 August 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ADMIRAL GROUP Canaccord Genuity upgraded its rating for motor insurance company from “sell” to “hold”. It said profit before tax had beat expectations by 14 per cent over the first half of the year. The higher-than-expected profit was due to profit commission and [...]
Does loyalty still count in the City? August 21, 2015 Most professionals reach a point in their career when they need to make a decision: are they better off staying with their current employer, or should they find out whether the grass is greener on the other side? Employees of the Big Four accountancy firms are often highly prized and invariably have many [...]
Make sure you Move In Time for the Nunthorpe August 21, 2015 Bill Esdaile previews THE FINAL TWO DAYS OF YORK’S EBOR FESTIVAL THERE was no more impressive performance at Royal Ascot this year than Acapulco’s speedy procession in the Queen Mary Stakes and the American-trained two-year-old will take plenty of catching in this afternoon’s Nunthorpe Stakes (3.40pm). Wesley Ward’s giant filly gets a massive weight-for-age allowance, [...]
Man United to continue solid start to season August 21, 2015 BEN CLEMINSON PREVIEWS THE BEST OF THE PREMIER LEAGUE ACTION LOUIS van Gaal can certainly be more satisfied with his team’s start this year than 12 months ago. Manchester United have opened their league campaign with two solid, if unspectacular, one-nil wins against Tottenham and Aston Villa. They also have a two-goal advantage against Club [...]
Everton v Manchester City: Leaders can gobble up another three points from trip to Goodison August 21, 2015 ‘HUNGRY and angry,” was how Manuel Pellegrini described his players after losing out on the Premier League title last season. His comments came in the wake of the victory over Chelsea last weekend, the second time in two games that his side had gorged themselves with a 3-0 win to march to the top of [...]
21 August on this day… August 21, 2015 1996: Roberto di Matteo (third from right) scores on his home debut as Chelsea beat Middlesborough 1-0. Di Matteo, who retired after six years at Chelsea, returned as caretaker manager in March 2012. Within two months he’d won the FA Cup and Champions League. In June he was appointed manager only to be sacked in [...]
Greek debt crisis: Fears resurface over bailout deal as Prime Minister Alexis Tsipras resigns August 21, 2015 Greek Prime Minister Alexis Tsipras resigned last night, triggering another round of elections in Greece and calling into question the stability of the country’s latest bailout. Tsipras stepped down after just seven months in office, in which he battled with Greece’s creditors – including their Eurozone partners and the International Monetary Fund (IMF) – [...]
UK house prices: No respite in sight for the housing market August 21, 2015 The housing market shows no sign of easing up this summer with prices climbing and mortgage lending seeing its strongest month for seven years. City level house prices are seeing their fastest growth for over a decade, property market analysts Hometrack said today. It said asking prices had increased 4.3 per cent in the [...]
