City Moves for 16 November 2015 | Who’s switching jobs November 15, 2015 COLLIERS INTERNATIONAL The commercial real estate services firm has appointed business rates specialist Jeff Norris as director. He has over 30 years’ experience, and has held roles at Sinclair Goldsmith, Edwin Hill (now Altus), and Farebrother, where he was a partner heading up the rating department, before running his own consultancy. OPEN OCEAN The early [...]
Best of the Brokers for 16 November 2015 November 15, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Numis raised their profit before tax and earnings per share forecasts for the 2016 and 2017 financial years “due to a combination of faster revenue growth, strong cost discipline and lower tax and interest charges.” They hike their target price for [...]
Stocks hope to rebound after last week’s dip – London Report November 15, 2015 MARKETS across Europe will be looking to recover lost ground this week, following UK and European stocks recording their worst performance since late August last week, due to falling mining shares chipping away at blue chip FTSE 100. Tomorrow EasyJet will report its full year results, coming off the back of a share price surge [...]
The real rules of engagement: iProspect’s Matt Adams on B2B, game theory and Snapchat November 15, 2015 When marketers discuss the purchasing habits of young consumers, business-to-business (B2B) transactions are seldom mentioned. “It may sound strange, but the grey-haired B2B purchaser in the pin-striped suit isn’t the norm anymore,” says Matt Adams, managing director of digital performance agency iProspect. Last month, the Dentsu Aegis Network shop launched its new global B2B [...]
Paris terror attacks: We must deny Isis the narrative it craves November 15, 2015 It was Friday night in the unimaginably beautiful city of Paris. People were doing all the things that make the place magical: lingering in cafes, going to football matches, attending rock concerts, walking down the broad, beautiful boulevards that intersect the city, tying it together as a living thing. And now they are all dead, [...]
From the City to the sea: My plans for my year as the Lord Mayor of London November 15, 2015 Since assuming the role of lord mayor of London on Friday, the hours have been both hectic and eclectic. The “Silent Ceremony” – so-called because no words are spoken at the handover – is a meaningful and moving start to the mayoral year; inherited from my predecessor as lord mayor Alan Yarrow. Alan has done [...]
The end of Black Friday: Why the seasonal price-slashing frenzy is too unprofitable to last November 15, 2015 Asda's decision to pull out of Black Friday may have hit the headlines last week, but the move was far from unprecedented. In the US, where this seasonal price-slashing frenzy originated, held on the Friday after Thanksgiving, retailers have also started to back off. The outdoor and sporting goods chain REI, which has more than [...]
With over 85 per cent of Northern Rock assets back in private hands, has Britain now recovered from the financial crisis? November 15, 2015 James Butterfill, head of research & investment strategy at ETF Securities, says Yes. One key measure to ascertain if this is true is to look at the growth in household take home pay after inflation. After the initial crisis in 2009, take home pay fell and its growth stayed negative for most industry and government [...]
Golden touch: Global Group founder Johnny Hon talks Kung Fu Panda, the Northern Powerhouse, Glenn Close and human rights November 15, 2015 Did you sell sweets to all your classmates? I ask Johnny Hon, interjecting as he talks about his childhood. “Yes, I did actually,” he chuckles, before moving back to explaining how he never took money from his parents after the age of 18, and ended up selling second-hand cars to fund his education. “They taught [...]
Don’t let runaway FX moves damage your firm – Investec Comment November 15, 2015 It’s been a volatile year for currency markets, with plenty of surprises. In January, the Swiss National Bank abandoned the Swiss franc’s peg with the euro, introduced in September 2011. Within minutes, the franc soared by around 30 per cent against the euro, hitting the country’s stock market as the effect of a much stronger [...]
