City Moves for 11 August 2015 | Who’s switching jobs August 10, 2015 Savills The real estate adviser has appointed Robert Mangan as director in its hotels team. He joins from Michels & Taylor, where he spent five years as a director. Mangan has also held positions at Avestus Capital Partners, Merrill Lynch and BOI. Momentum Global Investment Management Alex Garton has been appointed head of UK institutional [...]
Buffett sparks optimism with latest purchase – New York Report August 10, 2015 OPTIMISM over Warren Buffett’s latest deal and gains in commodity-related shares helped to buoy US stocks yesterday, giving the S&P 500 its biggest gain since May. The Dow Jones industrial average rose 241.79 points, or 1.39 per cent, to 17,615.17, the S&P 500 gained 26.61 points, or 1.28 per cent, to 2,104.18 and the Nasdaq [...]
Ignore the snobs: Why crowdfunding is bringing diversity back to business August 10, 2015 Venture investors on competitive deals are used to missing out to other funds. It’s part and parcel of the industry. But last month, tech-focused VCs missed out to the crowd, as the first successful exit of a crowdfunded company returned capital to investors in E-Car Club, which sold to Europcar. E-Car Club raised funding [...]
Jeremy Corbyn’s renationalisation agenda would be disastrous for consumers August 10, 2015 Labour leadership contender Jeremy Corbyn has called for a “public debate” about renationalisation, in particular of the railways but even of energy firms. As with others occupying the left wing of UK politics, his logic seems to be: “these industries were privatised, prices have gone up in these industries, ergo privatisation has caused high prices [...]
Singapore at 50: Lessons for the UK from its stunning rise August 10, 2015 Two out of every three Singaporean dollars invested in Europe come to the UK. Over 1,000 British firms and every leading UK university collaborates with the country. As Singapore turns 50, it’s worth asking how we got our relations so right. And what more can we learn from the Little Red Dot’s extraordinary rise? From [...]
Is the government right to put more pressure on firms in its crackdown on illegal migrants? August 10, 2015 Steven Woolfe, Ukip’s migration spokesman, says Yes As the wealthy countries of Europe come to grips with the great wave of human economic migration from the south, UK firms must take on added responsibilities to share the enforcement burden and make things work. There are good economic, national security, social, public service provision reasons why [...]
Copper price rebound could spell success for Chile and Peru stock markets August 10, 2015 Chile and Peru’s stock markets could be set for a rebound if copper prices pick up, analysts are predicting. Economists expect copper prices to rise by the end of the year from their current multi-year lows. UBS is forecasting copper will reach $6,700, while Capital Economics expects $6,250. This could represent a buying opportunity for [...]
Non-farm payrolls shook opportunities out the market – eToro Tips & Picks August 10, 2015 AFTER last week’s payrolls in the US surprised with a weaker than expected reading, a previously directionless market has been opened up to a whole host of opportunities. Gold prices jumped aggressively after the US non-farm payrolls showed growth of 215,000 jobs rather than the expected 270,000. They had been hovering at lower support levels, [...]
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Supermarket sales slide into reverse as price war hits petrol pumps August 10, 2015 A fierce supermarket price war at both the tills and the petrol pumps has caused sales in the sector to shrink for the first time since records began over 20 years ago. With retailers kicking off another round of petrol price cuts today, fresh data shows how supermarket giants’ troubles are dragging on the UK’s [...]
