Autumn Statement 2015: Markets get spooked on political risks – London Report November 25, 2015 Woes in the travel and leisure sectors yesterday dragged down London’s blue-chip FTSE. The index closed down 28.26 points, or 0.5 per cent, at 6,277.23 points, extending the previous session’s losses. Russian President Vladimir Putin added to concerns after a Russian jet was shot down by Turkey on the Syrian border. The Russian leader described the [...]
Burberry, Mitie, Bovis Homes: Best of the Brokers for 25 November 2015 November 25, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BURBERRY Nomura has downgraded Burberry from “buy” to “neutral” and reduced its target price from 1,700p to 1,500p in a detailed note on the firm’s outlook. It said Burberry’s expectations of returning to mid-single-digit growth in the second half look ambitious given [...]
Swot up in 2016: Four great finance books to read – from Bitcoin to the history of gold, how to spot a ponzi scheme and money making tips from motivational guru Tony Robbins November 25, 2015 BITCOIN by Dominic Frisby Bitcoin is king of the digital currencies and, for all its naysayers, it is not going away. 2015 was a year when both bitcoin and its underlying technology, the blockchain, inched further towards mainstream acceptance. Frisby explains the modern history of currencies and why bitcoin’s anonymous creator, Satoshi Nakamoto, was [...]
City Moves for 25 November 2015 | Who’s switching jobs November 24, 2015 SANDAIRE INVESTMENT OFFICE The London-based investment office has appointed Bonny Landers as head of socially responsible and impact investing. Before joining Sandaire, she founded Bay Street Consultants in Hong Kong, where she was managing director. Landers also previously served as chief executive of a single family office, Sterling Private Management, and has held senior roles [...]
Energy and oil drive Wall Street higher – New York Report November 24, 2015 Arise in energy stocks due to an increase in oil prices after Turkey shot down a Russian warplane near the Syrian border yesterday pulled New York indices up. The Dow Jones industrial average rose 19.51 points, or 0.11 per cent, to 17,812.19, the S&P 500 gained 2.55 points, or 0.12 per cent, to 2,089.14 and [...]
Unleash small developers to reap public sector land sale potential November 24, 2015 Today is a golden opportunity for the government to kick-start a house-building revolution in this country. We are in the midst of a generational housing crisis that necessitates ambition, innovation and creativity if it is to be resolved. Figures from across the political spectrum have got the right ideas on housing and the drive to [...]
It’s not just the euro: Southern Europe is facing a major structural economic crisis November 24, 2015 Major shocks to social and economic systems ruthlessly expose weaknesses which can be contained in more normal times. When the price of oil quadrupled in 1973-74, the different levels of resilience in the labour markets of Western Europe were quickly revealed. Inflation initially rose sharply everywhere. By 1976, it had fallen to 4 per cent [...]
Autumn Statement 2015: HMRC corporate tax overreach risks Britain’s business-friendly reputation unless George Osborne acts November 24, 2015 Five years may not be very long in many contexts, but in that time the tax world has changed significantly. The coalition’s Corporate Tax Roadmap, published in November 2010, declared that it wanted to create “the most competitive corporate tax regime in the G20”. In doing so, it highlighted four key ways in which the [...]
Autumn Statement 2015: Chancellor George Osborne should beware – the UK is not out of the woods yet November 24, 2015 At the Autumn Statement today, George Osborne will have good reason to cheer his economic record. In a number of areas, the UK economy appears to be rebalancing towards a more sustainable course. GDP growth has remained robust, with output rising at the highest rate in the G7 last year. Unemployment continues to plummet [...]
As Russia and Turkey square up, is Britain underestimating the risks of getting more involved in Syria? November 24, 2015 Dr John C Hulsman, a life member of the Council on Foreign Relations, and president of John C. Hulsman Enterprises, says Yes Easily the two most dangerous words leading to foreign policy catastrophes are “do something”. This amounts to the vague – but powerful – feeling that immediate action is required to right wrongs, however [...]
