London house prices up 45pc in five years: Home movers put off as figures soar August 9, 2015 The number of people moving home is in decline, new figures out today show. Rising prices, which many attribute to a lack of house building, may be hindering people from moving up the rungs of the housing ladder, according to the study from Lloyds Bank. The number of home movers reached 155,000 in the first [...]
Hotels and restaurants lead the UK’s summer spending splurge August 9, 2015 Britons are splashing out more this summer, according to figures released today by a major card provider. Spending on hotels and restaurants was 8.6 per cent higher in July than in the same month last year, Visa said. Shoppers also spent 5.6 per cent more on recreation and culture. It took total spending growth (not [...]
Firms upbeat as commodity prices plummet August 9, 2015 LOWER commodity prices pushing down costs is helping to keep UK firms optimistic about the future, new survey data reveals today. The optimism index published by accountants BDO scored 103.2 in July, according to figures released this morning. While the figure is lower than June’s score, signalling slightly lower confidence, it is higher than the [...]
Professional jobseekers spoiled for choice as competition for workers increases August 9, 2015 Professional workers are seeing more competition for their skills, a recruiter said today. Available candidates are being scooped up, with 22 per cent fewer jobseekers in July than in the same month last year, according to figures given exclusively to City A.M. by Robert Walters. Meanwhile, opportunities are on the rise with 9,585 vacancies in [...]
British firms’ output grows robustly in July August 9, 2015 UK BUSINESSES are growing strongly, with those in London expanding most quickly, new survey data show this morning. Lloyds Bank’s purchasing managers’ index scored 56.7 in July – above the 50 score that signals no change. Although it marks a slight decline on June’s 57.4, Lloyds Bank said the figure represented robust growth. It said [...]
City Moves for 10 August 2015 | Who’s switching jobs August 9, 2015 Deloitte The business advisory firm has appointed Alan Teixeira as global director of international financial reporting standards research. He joins Deloitte after spending 10 years at the International Accounting Standards Board, most recently as its senior technical director overseeing its research and development programme. Teixeira has also worked as general manager of standards and quality [...]
Best of the Brokers for 10 August 2015 August 9, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com THE RESTAURANT GROUP Numis reiterated its “buy” rating for the Frankie and Benny’s owner. Numis is predicting a healthy set of results when figures are released on 28 August, with profit before tax expected to be up nine per cent. It expects growth [...]
Joblessness data and retail figures focus of quiet week – London Report August 9, 2015 THE CORPORATE results season has past its peak, but the week ahead is due to see some big financial news nonetheless, including UK unemployment figures on Wednesday. Tomorrow retail sales data will be published, while on Friday construction industry output figures will be out. Prudential is reporting its half-year interims tomorrow after chief executive Tidjane [...]
Ad sales to hit News Corp – New York Report August 9, 2015 ACTIVITY should begin to recede somewhat this week as Wall Street starts to vacate desks for holidays. Retailers are among the most prominent in terms of earnings, with Macy’s and Nordstrom’s reporting, among others. The lack of action could mean the recent softness might continue in the equity market, and that the long end of [...]
Trumpmania: The odious billionaire Donald Trump’s gloom won’t win over an optimistic US August 9, 2015 “They are bringing drugs, and bringing crime, and they’re rapists.” – Republican Donald Trump, on Mexican immigrants, at his presidential announcement “With malice toward none, with charity to all… let us strive to finish the work we are in, to bind up the nation’s wounds.” – Republican Abraham Lincoln, on ending the US Civil [...]
