City Moves for 19 August 2013 | Who’s switching jobs August 18, 2013 Colliers The commercial real estate services firm has hired Frankie Longhurst as a director in its residential valuation team. Longhurst joins from Chesterton Humberts. Ernst & Young Charles Berkeley has been appointed partner in the professional services firm’s lead advisory practice. Berkeley is an experienced investment banker, and has previously worked at Dresdner Kleinwort, Royal [...]
Best of the Brokers for 19 August 2013 August 18, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com OPHIR ENERGY Canaccord Genuity has kept its “hold” rating on the oil and gas explorer but lowered its target price from 425p to 374p, saying drilling targets could stretch the firm, and that the lack of farm-out news is raising questions about industry [...]
London Week Ahead: All eyes on UK GDP and Fed’s minutes August 18, 2013 TRADERS will get a better glimpse into the British economy this week when a further estimate of second quarter economic growth is published at the end of the week. The Office for National Statistics will give a revaluation of the 0.6 per cent advance it recorded between April and June this year on Friday, with [...]
There’s no reason to fear local shale development in South East England August 18, 2013 ALTHOUGH the national case for shale has been put strongly, for many people in the South East the arguments in favour of local shale developments have not been made with enough clarity. They are, however, relatively straightforward. First, they will benefit the local economy, and second, they won’t be nearly as disruptive as is often [...]
City Matters: Tough decisions on infrastructure must not be delayed for future generations August 18, 2013 THE DUST has barely settled on the London Anniversary Games and work has already begun to convert the iconic Olympic Stadium for future use. Some may feel a sense of regret that a stadium home to so many glorious memories last summer will never be seen again in its current form. But it is only [...]
Shareholder Spring did not go away but activist investors are evolving August 18, 2013 PROXY season is more or less over, and boards are bulging with new members or otherwise breathing a sigh of relief. Last year’s Shareholder Spring saw activism make a big impression on British investors, but this year many assume the surge has receded. Beyond headline-grabbing revolts over director pay, however, activist investors are still playing [...]
Letters to the Editor – 19/08 – Arts versus science, Best of Twitter August 18, 2013 Arts versus science [Re: Why you can bank on the humanities to launch a City career, Friday] I have mixed feelings about this editorial. I agree that banking employees should have a well-rounded education. And coming as I do from a quantitative background, I admire those who have been trained in the art of “peaceful [...]
The former trader hailing in a new way to book your minicab August 18, 2013 Annabel Palmer talks getting about town with Justin Peters, founder of minicab price comparison website Kabbee OUR City’s cabbies have been hit hard by the recession. London residents’ trips by licensed taxis and private hire vehicles (combined) fell by an estimated 23 per cent between the 2007-08 and 2008-09 financial years – and have [...]
Innovation Diary: Why the rise of the intrapreneur may be picking up momentum August 18, 2013 MANY startups are sceptical of claims that big corporates understand small business. It certainly suits an image, but the reality is often different. A recent inquiry found, for example, that small and medium-sized businesses were owed a record £35.3bn in late payments at the end of 2012, with big firms the main culprits. Many startups [...]
Alternative Orlando is blooming August 18, 2013 There is more to the Sunshine State’s theme-park capital than Disney Land I WAS in Orlando for the Florida Film Festival. A film I had produced called The North London Book of the Dead was in the British Shorts Now! programme. Great, right? Except… Orlando? Seriously? It’s hardly renowned for its thriving arts scene. But [...]
