Best of the Brokers for 2 July 2015 July 1, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com LAMPRELL Numis reiterated its “buy” recommendation on the oil rig construction specialist, following its contract award update. The broker previously highlighted four material contracts that the firm was bidding on, and it has since won the contract Numis believed it was least likely [...]
FTSE lifted by airlines after runway verdict – London Report July 1, 2015 BRITAIN’S top equity index bounced back from five-and-a-half month lows yesterday, lifted by airline stocks that were boosted by lower oil prices and a recommendation for a new runway at London’s Heathrow airport. The blue-chip FTSE 100 index was up by 80.88 points, or 1.2 per cent, at 6,608.59 points by the close. It was [...]
US stocks fall amid Greece and oil drags – New York Report July 1, 2015 US STOCKS closed higher yesterday but were down from earlier highs as energy stocks declined and Greece’s debt crisis showed no clear signs of resolution. The benchmark S&P 500’s energy sector was dragged down by the biggest slide in oil prices since April after traders were surprised by a report that showed US crude stockpiles [...]
Debt: The alternative lending landscape July 1, 2015 Loan-based alternative finance might be victim to sloppy definitions, but it is too significant to ignore Alternative finance grew by 168 per cent in the UK last year, according to a report by Cambridge’s Judge Business School. While the oft-vaunted equity crowdfunding saw volumes totalling £83m in 2014, debt-based lending, via crowdfunding and peer-to-peer [...]
Sir Martin Sorrell on Heathrow expansion: Back it and get building – the government must move quickly on third runway July 1, 2015 After nearly three years spent carefully examining the evidence, the Airports Commission published its Final Report yesterday. Its definitive view, following what has been a long and robust process, is that London needs one new runway, and that the best option is to expand Heathrow. We believe that we need airport expansion, and that the [...]
George Osborne’s marginal revolution: Why Britain’s top rate of tax is unsustainable July 1, 2015 The so-called marginal revolution in economics occurred in the nineteenth century. George Osborne’s marginal revolution in taxation needs to start next Wednesday, with decisive steps towards a more sensible tax system. In many ways, next week’s Budget will reveal the real Osborne. Freed from the shackles of coalition politics, will we see a markedly free [...]
Greek voters will support the creditors – and Syriza will fall July 1, 2015 Monaco – Being away from the din of daily life has its advantages. Presently, I’m at the wonderful Fund Forum International Conference in Monaco, having designed several war games to play with the attendees, which illuminate how geopolitics can impact investment decisions. Beyond enjoying new and insightful company, a startling clarity – achieved only by [...]
Is delivering a third runway at Heathrow even feasible? July 1, 2015 John Longworth is director general of the British Chambers of Commerce, says Yes The Commission has provided a clear conclusion that Heathrow is best-placed to provide the type of capacity crucial for the UK’s long-term prosperity. It has laid out evidence on all the potential impacts for a new runway, including a clear cost plan [...]
Tailors cut from a different cloth: Is the cost of a tailored Saville Row suit worth it? July 1, 2015 Should you splash out on a bespoke Savile Row suit or opt for a more affordable travelling tailor? We take a look at the options, with one from Edit Suits which is less than £600 and a fully bespoke offering from Hardy Amies at £4,000 and above. The pitch: Edit Suits will send one [...]
Getting Shirty: Never iron a shirt again with this new bespoke service July 1, 2015 Have you ever had your laundry done at a five-star hotel? If so, you’ll know the glee that comes with that knock at the door, the sumptuous stack of boxes, the decadent unwrapping of your Sunday best – all crisply pressed and folded around an arrangement of tissue and card worthy of an origami champion. [...]
