Atlantic deal on trade held back by US shutdown October 6, 2013 A MAJOR trade deal, which could boost the UK economy by £100bn over the next decade, has been put in jeopardy by the shutdown of the US federal government. Discussions with the aim of constructing an enormous free trade agreement between the EU and US, were stalled over the weekend as funding for American negotiators [...]
Eurozone banks’ asset quality review could be hitting lending October 6, 2013 EUROZONE banks are so focused on the upcoming Asset Quality Review (AQR) that they are holding back lending just to perform better in the test, Ernst and Young warned today. Analysts believe the upcoming AQR, to be carried out by consultancy Oliver Wyman on behalf of regulators, has become so important to lenders that it [...]
Research finds growth above historical trend October 6, 2013 THE BRITISH economy is growing at a pace above its long-term average trend, according to an index of business conditions by an international accountancy firm. The latest report on business trends from BDO also points to an economic boost, reaching the highest level under the current government so far. The headline figure rose to 100.7, [...]
Junior market growth returns after six years October 6, 2013 THE JUNIOR stock market grew for the first time since the onset of the financial crisis last quarter thanks to a bevy of small companies tapping the market for cash, according to new figures out today. A total of 20 companies listed on the Alternative Investment Market (Aim) in the 12 weeks ending September, versus [...]
City Moves for 7 October 2013 | Who’s switching jobs October 6, 2013 Bracewell & GiulianiThe law firm has announced the appointment of Olivia Caddy as a partner in its London office. Caddy specialises in oil and gas upstream debt financing, and joins from Herbert Smith Freehills. Grant ThorntonUsman Malik has been appointed as director of mergers and acquisitions at the advisory firm. He joined Grant Thornton in [...]
City’s finest banquet in honour of our heroes October 6, 2013 With just under two weeks to go to the City’s finest banquet, our illustrious chefs led by Albert and Michel Roux Jr are ready to reveal the banquet menu. We can also share some more of the auction lots that guests can bid on at this very special night hosted by Brian Turner CBE, president [...]
The veteran who is back doing deals October 6, 2013 Mike Slade speaks to Kasmira Jefford as he nears 30 years at the helm of property company Helical Bar MY INTERVIEWEE is twenty minutes late when he arrives for our meeting at Helical Bar’s headquarters, tucked away in a quiet street off Mayfair’s Berkeley square. Mike Slade, a tall 67-year-old sweeps in, all apologies (“Darling, [...]
Best of the Brokers for 7 October 2013 October 6, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ESURE Canaccord Genuity has cut the insurance group from “buy” to “hold” and lowered its target price to 250p following a meeting with management. The broker thinks motor insurance premiums will drop five per cent next year, hitting earnings more than expected. N [...]
London Report: House prices set for high point as market surges October 6, 2013 HOUSE prices will be in the spotlight today, as the Royal Institution of Chartered Surveyors (RICS) house price index is released and the Help To Buy scheme kicks off nationally. Last month saw a seven-year high for the survey, leading RICS to call on the Bank of England to cap house price inflation at five [...]
New York Report: US stocks face turbulence on debt dispute October 6, 2013 US stocks are likely to face another week of rising turbulence as efforts to settle the budget dispute in Washington drag on, leaving investors worried about the more critical issue of raising the US debt ceiling. The budget impasse has led to a partial US government shutdown for nearly a week, already longer than many [...]
