Our panel votes to hold rates as economy firms January 8, 2014 AS 2014 gets underway, our shadow monetary policy committee votes to keep interest rates and QE unchanged in January. Two members voted for a rate hike again this month, as official statistics responses to business surveys continue to reinforce the view that the UK economic recovery was strengthening as 2013 rolled to an end. Most [...]
City Moves for 9 January 2014 | Who’s switching jobs January 8, 2014 YFM Equity Partners The private equity firm has announced the appointment of Paul Cook as chief operating officer. Cook was previously managing director of Access IS, and has also held roles at KPMG, PwC, Sonatest, American Standard and William Baird. BNP Paribas The bank has appointed Gildas Surry as senior credit analyst for European banks. Surry has [...]
Best of the Brokers for 9 January 2014 January 8, 2014 AVEVA Strong engineering results have earned Aveva an upgrade from UBS, which has hiked its rating from “neutral” to “buy” with a target of 2,550p, up from 2,300p. The broker sees relatively high growth rates despite underperformance in the last quarter of 2013 that has kept the share price down. CINEWORLD Numis has reiterated its [...]
London Report: FTSE in negative territory for 2014 as retail stocks fall January 8, 2014 THE top share index fell yesterday, slipping back into negative territory for the year, after concerns about a smoking ban in China knocked back tobacco companies and following a cautious outlook from Sainsbury. The FTSE 100 closed down 33.67 points, or 0.5 per cent, at 6,716.16. It remains pinned in a 70-point trading range this [...]
New York Report: US rally fizzles on Fed minutes January 8, 2014 The S&P 500 finished nearly flat yesterday as equity indexes had a muted reaction to the minutes from the US Federal Reserve’s most recent meeting, while Micron’s strong results helped buoy the Nasdaq. Minutes of the Fed’s December 17-18 meeting, after which the US central bank announced its decision to begin trimming its monthly bond [...]
Capital One Cup: Fans turn on Allardyce as West Ham are hit for six by slick City January 8, 2014 MANCHESTER CITY 6 vs WEST HAM UNITED 0 BELEAGUERED West Ham boss Sam Allardyce believed there was no disgrace in seeing his makeshift team become the fourth side this season to ship at least six goals at the Etihad Stadium. A hat-trick from £16m summer signing Alvaro Negredo, plus a brace from strike partner Edin [...]
Moyes facing more misery as FA probes blast at ref Marriner January 8, 2014 MANCHESTER United boss David Moyes could face a Football Association charge after the governing body launched a probe into his latest criticism of referees. Moyes, who saw his team suffer a third consecutive defeat on Tuesday at Sunderland, said of official Andre Marriner and his assistants: “We’re having to play them as well as the [...]
Fifa in Qatar 2022 U-turn January 8, 2014 WORLD governing body Fifa insisted yesterday that the 2022 football World Cup in Qatar would not definitely be staged in the winter, just hours after secretary general Jerome Valcke had declared it would switch from its regular summer slot. Concerns over high temperatures teams would be forced to compete in during the Qatari summer prompted [...]
Premier League star comes out January 8, 2014 FORMER Aston Villa and Germany footballer Thomas Hitzlsperger says he hopes to spark a change in sporting culture after he yesterday became the first Premier League footballer to come out as gay. The midfielder, who won 52 international caps and also played for West Ham, Everton, Lazio, Stuttgart and Wolfsburg, retired in September due to [...]
Prior shrugs off heroic rescue of suicidal Briton January 8, 2014 ENGLAND wicketkeeper Matt Prior yesterday played down talk of heroism after he and fellow cricket star Stuart Broad prevented a British man from committing suicide in Australia. Prior, 31, grabbed the man as he appeared to prepare to jump from Sydney’s Pyrmont Bridge, before he and England team-mate Broad talked him round while they waited [...]
