City gears up for big Giving Day July 7, 2015 BOSSES from 80 City firms gathered at Mansion House yesterday morning to see the launch of City Giving Day. Lord Mayor of London Alan Yarrow hosted the launch, joined by bosses at Barclays, Linklaters and UBS, to discuss how to bring philanthropy to the whole of London. City Giving Day, taking place on 30 September, [...]
City beer fest gets mayor‘s seal of approval July 7, 2015 THE CITY Music Foundation is holding a booze-up in Guildhall Yard celebrating all things beer. Lord Mayor Alan Yarrow will officially open the market this evening. Expect ale, music and a festival vibe right in the centre of the Square Mile.
City Moves for 8 July 2015 | Who’s switching jobs July 7, 2015 Investec The bank has appointed Chris Hare to its economics team, focusing on both UK and global economic issues. He joins from the Bank of England, where he was responsible for monitoring issues such as the impact of economic uncertainty on activity. Santander Asset Management Ileana Salas has been appointed global head of institutional [...]
Best of the Brokers for 8 July 2015 July 7, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com AO WORLD Panmure Gordon has cut its target price to 114p from 130p and reiterated its “sell” rating. The broker said it expects AO World’s first quarter update on 21 July to show that it will struggle to meet full‐year market expectations, with [...]
Greek drama and mining pull FTSE to six-month low – London Report July 7, 2015 BRITAIN’S benchmark equity index dropped yesterday to its lowest level in around six months, hit by persistent concerns over Greece and a pullback in mining stocks as metal prices fell. The blue-chip FTSE 100 index closed down 1.6 per cent at 6,432.21 points, around its lowest since mid-January. Global stock markets lost ground after a [...]
US oil price lift offsets worries over world debt – New York Report July 7, 2015 US STOCKS ended higher after a choppy session yesterday, as a rebound in US oil prices helped offset concerns about a slowdown in China and the Greek debt crisis. The S&P energy index reversed course to trade up 0.9 per cent as US crude oil rose 0.7 per cent after trading as much as 3.7 [...]
Budget for a greater Britain: What the City needs from the chancellor July 7, 2015 Amid the deluge of news about EU reform and the Greek debt crisis, you could be forgiven for forgetting there’s a Budget today. But that would be to overlook an opportunity for the City. This is George Osborne’s first Budget since the Conservatives were elected to govern alone and we’ll get a clear sense of [...]
UK bank deposit guarantees: High finance and the market for lemons July 7, 2015 One aspect of the Eurozone crisis which will affect many readers is the reduction in the amount of cash in a UK bank deposit which is protected. As a consequence of the decline in the value of the euro against the pound, the Bank of England announced that the current guaranteed amount of £85,000 will [...]
July Budget 2015: Liberalised shopping on Sundays will deliver big benefits to the consumer July 7, 2015 The liberalisation of Sunday trading hours, expected to be announced in the Budget today, is a timely response to the way in which Sundays have changed in the 21 years since shopping hours were last reformed in 1994. Sundays remain a day of leisure for most of us, and our leisure time is enriched by [...]
Will the ongoing Greek crisis have a positive impact on Britain’s renegotiation with the EU? July 7, 2015 Brian Monteith, communications director of Global Britain, says Yes David Cameron could not be in a stronger position in pushing for major EU reforms that retain our trading links but decouple the political interference in our everyday laws; remove the price-fixing and subsidies for energy and food producers that cost every family nearly a £1,000 [...]
