FTSE 100 rises despite housebuilders’ fears over new tax – London Report November 26, 2015 George Osborne’s announcement yesterday that he plans to raise property tax for those who buy a house in order to rent it and on second homes curtailed hefty gains made by housebuilders. However, in general, investors signalled their approval of the chancellor’s Autumn Statement, with the blue-chip FTSE 100 index finishing one per cent higher [...]
Rolls-Royce Holdings and HSS Hire: Best of the Brokers for 26 November 2015 November 26, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ROLLS-ROYCE HOLDINGS Short-term investors might have been left scratching their heads after Rolls-Royce issued its most recent profit warning. However, according to Liberum, longer-term investors can take comfort in a five- to 10-year plan presented by boss Warren East, adding that the [...]
City Moves for 26 November 2015 | Who’s switching jobs November 25, 2015 EDENTREE INVESTMENT MANAGEMENT David Katimbo-Mugwanya has been appointed fixed income fund manager at the investment management firm. He joins from Epworth Investment Management, where he managed both institutional client and charity portfolios. WESLEYAN The mutual financial services provider has appointed Ahmed Farooq as chief financial officer. He joined Wesleyan in 2010, and was previously managing [...]
Wall Street treads water – New York Report November 25, 2015 GAINS in healthcare and consumer stocks yesterday, after encouraging data showed modest economic growth, failed to move the indices as investors geared down for today’s Thanksgiving break. The Dow Jones industrial average rose 1.2 points, or 0.01 per cent, to 17,813.39, the S&P 500 lost 0.27 points, or 0.01 per cent, to 2,088.87 and the [...]
Autumn Statement 2015: Chancellor George Osborne will get his surplus – but his long-term plan isn’t credible November 25, 2015 Yesterday George Osborne delivered what was effectively his fourth budget in under a year. Little wonder that his hour-long presentations from the despatch box are increasingly filled with tiny tweaks to policy and a lot of rhetoric and padding. The chancellor could have got across the important points of his statement in about three [...]
Autumn Statement 2015: The seven invisible rabbits that will help George Osborne balance his books November 25, 2015 The first Autumn Statement of a new parliament is a big event in the economic calendar. Yesterday’s statement by George Osborne was made, so we thought, against a difficult background: the latest statistics on public receipts and spending had been disappointing; the re-classification of the Housing Associations as public entities had put up his starting [...]
The Autumn Statement was a missed opportunity to radically rethink the role of the state November 25, 2015 We've become accustomed to scratching our heads during speeches by politicians, wondering how the policy measures announced can possibly reconcile with the language used. Yesterday was no exception, with the chancellor making seemingly endless announcements of spending increases, alongside U-turns on reforms to tax credits and cuts to police, as part of a speech designed [...]
As the chancellor makes some dramatic U-turns, is he now more likely to become Prime Minister? November 25, 2015 Laura Swire, director of Hanover Communications, says Yes George Osborne is respected for his approach to the public finances, but he is not well liked. Yesterday’s Comprehensive Spending Review was his chance to shape the ground on which his leadership campaign and the next election will be fought. He chose to prioritise the NHS, housing [...]
Defence company shares rise – but should you buy? November 25, 2015 Shares in companies involved in defence leapt this week after the government announced plans to spend an extra £12bn on the “diverse” threats facing the UK. Shares in the FTSE 100’s BAE Systems, Babcock and Rolls-Royce all rose. Analysts are recommending defence stocks as a buy – but should they be in your portfolio? [...]
The critical conversations all leaders forget to have: Do you know how to go beyond a thank you? November 25, 2015 It's safe to say that all of the world’s most successful organisations recognise that active employee engagement with their corporate mission and strategy is critical to superior business performance. But because the engagement of employees is measured at a corporate level (conducted by a head office through a global survey), the assumption prevails that the [...]
