City Moves for 14 July 2015 | Who’s switching jobs July 13, 2015 Advent Solutions Management The insurance consulting and outsource services provider has appointed Paul Bermingham to launch its new delegated underwriting support business. He joins as a director from Xchanging, where he was executive director, claims. Bermingham has 27 years’ experience in insurance. Templeton Emerging Markets Investment Trust Carlos Hardenberg has been appointed lead portfolio manager [...]
Best of the Brokers for 14 July 2015 July 13, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com INTERNATIONAL PERSONAL FINANCE Shore Capital has downgraded IPF to “hold” from “buy”, following price capping proposals in Poland. According to the broker, this represents a major and unfortunate twist in the investment story for the group and it could have a significant detrimental [...]
Banks pull FTSE up after rising on news of Greek agreement – London Report July 13, 2015 AGREEMENT between the Eurozone leaders on a third bailout for Greece helped to push banks up yesterday, dragging the FTSE to a two-week high. Shawbrook and HSBC rose the most among banks, gaining 4.6 and 2.1 per cent respectively. News of a deal was met with a mixture of relief and anger in Greece, after [...]
European news boosts US firms – New York Report July 13, 2015 AN IMPROVED European picture led to best three-day run this year for the S&P 500 and Nasdaq Composite, and pushed the Dow Jones industrial average back into positive territory for the year. The Dow Jones industrial average rose 217.27 points, or 1.22 per cent, to end at 17,977.68. The S&P 500 gained 22.98 points, or [...]
The sun shines on Japan as investors turn to the East: Japanese equities could be heading for a multi-year bull run July 13, 2015 Global investors are facing an unusually high number of risks in different parts of the world. The Greece crisis has been a headache for European investors, while over in China the unravelling of a stock market bubble is giving cause for concern. Meanwhile US shares are trading close to record highs, and many believe [...]
Greek startups step up to the plate – CNBC Comment July 13, 2015 IT IS often said that the best business ideas emerge during times of financial stress. When an economy is struggling and its people are cash-strapped, we’re pushed to think outside the box. A prime example is what happened in the US during the financial crisis. A 2013 study in the Journal of Economics and Management [...]
Why traders love Netflix despite a likely earnings miss – eToro tips & picks July 13, 2015 As US earnings season starts to heat up, there are a whole host of opportunities this week for traders. A notable example is Netflix, the online streaming service, which reports its earnings tomorrow. By all accounts, we are not expecting blockbuster numbers. The company has been aggressively expanding into different regions and the cost of [...]
EToro popular investor – eToro Tips & Picks July 13, 2015 NOA STRIJBOS The Greece saga may now finally be coming to an end, but I think the Eurozone is still too divided and, in many ways, this makes the dollar the far more attractive proposition at the moment. I think the way the Eurozone has handled the Greek situation is proof enough that the single [...]
Greece makes further euro integration unavoidable – with big risks for the UK July 13, 2015 After months of wrangling, Eurozone leaders and the Greek government finally seem to have reached an agreement on a third bailout deal. EU politicians and the markets may breathe a sigh of relief at the prospect of some short-term stability being restored. But even if this new deal manages to stave off Grexit in the [...]
Ignore the rhetoric: George Osborne’s July Budget was a retreat from market liberalism July 13, 2015 George Osborne’s desired message was clear. He claimed last week’s Budget was a new settlement for a “higher wage, lower tax, lower welfare country”. The Tory media duly reported it as such. But political rhetoric often doesn’t match reality. Osborne’s Budget fails on his own terms, and marks a retreat from the market-based consensus of [...]
