Tourists Rejoice: EU hangs up on roaming fees June 30, 2015 The EU is giving travellers a big break on their mobile phone bills by cutting out roaming charges. From next April, charges will drop to no more than five euro cents (4p) a minute for calls, two cents per SMS and five cents per megabyte of data. Data roaming charges will be banned altogether by [...]
Flow Traders prices shares in Dutch flotation June 30, 2015 FLOW Traders said yesterday that it is looking to raise between €472m (£334.6m) and €603m in an initial public offering that values the high frequency trading firm between €1.35m and €1.722m. The Dutch company, which counts Virtu Financial as its main competitor, has set an indicative price range of €29 to €37 per share ahead [...]
JP Morgan sells some UK clients to Hargreaves June 30, 2015 HARGREAVES Lansdown will acquire 7,000 customers from JP Morgan Asset Management (JPAM), after the US investment house decided to stop offering rival retail investment products to customers. Around £370m of assets – about six per cent of JPAM’s assets – will transfer over to Hargreaves, which administers £55bn of funds, on 25 September. JPAM customers [...]
Savills claims mortgage rules are dampening London transactions June 30, 2015 NEW GOVERNMENT data show the London home sales trailing the rest of the country. The capital saw the smallest uplift in transaction volumes last year, compared to other regions of the UK, according to new figures published by HMRC yesterday. The number of transactions in London went up from 145,000 in 2013 to 155,000 in 2014, [...]
Kier says it is on track for year as it puts Scottish mines up for sale June 30, 2015 CONSTRUCTION and services group Kier yesterday said it is in talks with a potential buyer for its mining operations in Scotland, as it revealed that trading this year is in line with expectations. “As a result of our ongoing approach to capital discipline, our mining operations at Greenburn in Scotland have been prepared for sale [...]
London coffee chain surges past £600,000 crowdfunding target June 30, 2015 ARTISAN coffee brand Notes smashed through its £600,000 fundraising target yesterday, reaching over £670,000 by last night. The firm chose crowdfunding as its method to raise the funds, and is using the Crowdcube online platform to do so. Over 25 per cent of the target amount was raised within 48 hours of the pitch going [...]
City Moves for 1 July 2015 | Who’s switching jobs June 30, 2015 EY Scott McCubbin has been appointed IPO leader for the UK & Ireland at the professional services firm. He has been at the firm for 10 years, most recently as transaction advisory services partner. McCubbin has particular experience negotiating the IPO process for FTSE and Aim clients. Cantor Fitzgerald Europe The financial services group has [...]
Best of the Brokers for 1 July 2015 June 30, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HALFORDS Halfords has issued a note ahead of the retailer’s first quarter update next month, retaining a “buy” recommendation and its target price of 560p. The broker said the first quarter should reassure with sales growth more widespread than just in cycling. TESCO [...]
Grocers and miners pull index to lowest level since January – London Report June 30, 2015 BRITAIN’S top equity index hit its lowest level since mid-January yesterday, pulled down by supermarkets and miners and underperforming even Eurozone shares despite Greece being hours away from a repayment default. While new data showed Britain’s economy enjoyed a stronger start to the year than previously thought, buoyed by big-spending consumers and an upturn in [...]
US shares rise on Greek hope – New York Report June 30, 2015 US STOCKS finished up after a choppy trading day as investors held out hope yesterday for a deal to keep Greece in the euro even as it veered close to a potential debt default. Greece, hours from missing a €1.6bn payment due to the International Monetary Fund, submitted a new aid proposal to its creditors, [...]
