Heavyweight Tory Stephen Greenhalgh explains why he should be London’s next mayor July 23, 2015 You know what, Chris?” he bellows in the middle of a crowded Westminster cafe, prodding at my arm. “You know what? “I’m the only candidate who has spent over a decade in the engine room of London government.” Conservative Stephen Greenhalgh, deputy mayor for policing and crime, is certainly more bolshie blue than [...]
Under Armour revenues come in above par July 23, 2015 SPORTS clothing firm Under Armour is on a winning streak after reporting second-quarter revenue had jumped 29 per cent to $783.6m (£505m). It has been boosted by the victories of golfer Jonathan Spieth in the Master’s and US Open tournaments.
Meantime owner has a good time as South Americans go for a pint July 23, 2015 BREWING giant SABMiller yesterday reported a rise in quarterly sales, helped by higher demand for beverages in Latin America and Africa, which were partly offset by declines in Europe. The world’s second largest brewer, whose brands include Peroni, Grolsch and, recently, Meantime, said revenue rose three per cent in the three months to 30 June, [...]
Vimto adds some fizz to owner Nichols July 23, 2015 VIMTO owner Nichols yesterday reported a fizzy first-half 2015 profit growth – despite revenue remaining flat, as it stayed with its “value over volume” strategy. The soft drinks company, which also owns Sunkist, said it made a pre-tax profit of £10.9m in the six months to 30 June, up nine per cent from the £10m [...]
Alliance Trust slumps once again July 23, 2015 Fund manager Alliance Trust yesterday promised a raft of changes this autumn to help reverse a long-running slump in fortunes. The company said net asset values rose by just 1.4 per cent for the six months ending June, with shareholders receiving a 2.7 per cent increase, well behind similar peers. The company, which was forced [...]
UK freelancers optimistic on the economy July 23, 2015 FREELANCERS are feeling more upbeat on the economy and their business, survey data released this morning by the Association of Independent Professionals and the Self Employed (IPSE) reveals. IPSE found that 41 per cent of freelancers are confident in their business performance improving in the next 12 months, versus 25 per cent who are not. [...]
Never mind classical music, here’s the CEO July 23, 2015 WHEN you think of top City bosses, you might associate them with the high-brow things in life. Fine wines, theatre and Radio 3. Well, according to a study published by tech site Plos One, that’s all a farce. Establishment bosses love nothing more than moshing out to the Sex Pistols and Guns n’ Roses. Researchers [...]
FT getting silly with Nikkei deal July 23, 2015 UNSURPRISINGLY, it was a slow morning at the Financial Times’ office yesterday. While FT owners Pearson were deep in talks with international publishing houses Axel Springer and Nikkei over selling the rag, hacks took the opportunity to cause some minor mayhem in the financial world. The FT’s Alphaville is usually a useful tool for opening [...]
City Moves for 24 July 2015 | Who’s switching jobs July 23, 2015 CVC Credit Partners Chris Fowler has been appointed managing director in the asset management and investment firm’s private debt team. Based in London, he joins from GE Capital, where he was managing director in the mid-market leveraged finance origination team. Fowler began his career at Morgan Stanley. Lloyds Bank Commercial Banking The bank has announced [...]
Best of the Brokers for 24 July 2015 July 23, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com PZ CUSSONS Panmure Gordon reiterated its “sell” rating on the Imperial Leather parent company. The broker said the main issue is “a valuation which does not reflect the risks to earnings”, and in particular the uncertain economic conditions in Nigeria, which it estimates contributes [...]
