“I have recently switched to using moneycorp” August 2, 2015 City A.M. has teamed up with foreign exchange experts moneycorp to launch City A.M. International Payments. Since its inception, many City A.M. readers have decided to switch from their bank to moneycorp when making overseas money transfers. Ben Martin is just one example of the many satisfied City A.M. International Payments customers who have taken [...]
AA to stand against IPT premium rise August 2, 2015 MOTOR association AA has challenged the chancellor’s increase in Insurance Premium Tax, after 87 per cent of drivers surveyed called it unfair. The survey reveals that almost nine out of 10 motorists believe that the tax will tempt drivers to go without insurance. AA Insurance managing director Janet Connor said: “The tax can only lead [...]
Areva looks to Chinese for investment August 2, 2015 AREVA will seek partnerships with Chinese energy companies that could see them take stakes in the French nuclear reactor maker in an upcoming multi-billion euro capital increase, its chairman, Philippe Varin, told French weekly, the Journal de Dimanche.
City Moves for 03 August 2015 | Who’s switching jobs August 2, 2015 SYZ Asset Management The asset management firm has appointed Adrien Pichoud as chief economist. He joined SYZ Group in 2010 as an economist. Pichoud is also a member of the management team of the OYSTER Multi-Asset Absolute Return EUR and OYSTER Absolute Return GBP funds. Omni Partners The investment manager has announced the appointment of [...]
Best of the Brokers for 03 August 2015 August 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com VESUVIUS Numis keeps Vesuvius, which supplies metal flow engineering expertise, at “add”‘ with a target price of 450p. Numis says: “Its shares are likely to mark time until there is evidence of either growth in the US steel market or greater certainty to [...]
Bank of England braced for historic Super Thursday – London Report August 2, 2015 THIS WEEK includes s-called Super Thursday when the Bank of England’s policy announcement, meeting minutes from the monetary policy committee and the latest Inflation Report will – for the first time – all be released simultaneously. HSBC gets the week off with a bang today with interim results, Standard Life tomorrow and Legal & General [...]
Wall St focus on jobs report – New York Report August 2, 2015 THIS WEEK brings another crush of earnings reports, and the season has shown tech, industrials and global-focused companies having a harder time of it than financials and healthcare names. Tomorrow sees a report from Disney, which is expected to report third-quarter profit just six months before Star Wars helps the Hollywood giant even further. Also [...]
Stock market panic has uncovered Chinese leaders’ true incompetence August 2, 2015 I always wonder about China. After years of contemplating the place, about the only thing I am entirely sure of is that it remains the least understood great power in the world. It isn’t just that its true decision-making processes remain famously opaque. No, it’s that analysts are all so very confident and yet so [...]
Sheffield shows why manufacturing and finance enjoy a glorious synergy August 2, 2015 My title might be “lord mayor of the City of London”, but really that’s quite misleading. It’s my job to represent the whole of the UK’s financial and professional services industry, wherever it’s based. London may well be the largest single financial services centre in the UK, but 1.7m of the 2.1m people employed by [...]
Uber competition is good for passengers and drivers August 2, 2015 Addison Lee’s Catherine Faiers just can’t stop talking about Uber. Twice in recent weeks, she’s written in these very pages to highlight our popularity. It’s flattering to get confirmation from others that what you do is in such demand, although we try to focus on our own business. We already know the public likes [...]
