Wall St slips on mixed earnings news – New York Report November 5, 2015 A set of mixed tech and healthcare earnings a day ahead of today’s US jobs report pulled US indices lower yesterday. The Dow Jones industrial average fell 4.15 points, or 0.02 per cent, to 17,863.43, the S&P 500 lost 2.38 points, or 0.11 per cent, to 2,099.93 and the Nasdaq Composite dropped 14.74 points, or [...]
The government is perversely incentivising corporate debt November 5, 2015 Sometimes attitudes are so entrenched that we go about our business and daily lives and never question them. And for me, there’s one particular facet of the world of corporate funding that is not questioned enough – the imbalance in the government’s treatment of equity and debt. It is not only harmful to the interests [...]
The Uber of electricity could be just around the corner – if regulators get out the way November 5, 2015 The way we communicate with each other, access music and movies, and even travel around cities is forever changing. But for far too long, the way we access and consume electricity has stayed the same. With the “Internet of Things” and the “Connected Home”, there are opportunities for new technologies to revolutionise the old models [...]
The Bank of England is charting a dangerous course by delaying on necessary interest rate hikes November 5, 2015 It is 18 months since Mark Carney was accused of being an “unreliable boyfriend” by the Treasury Select Committee over his flip-flopping forward guidance. For a Bank of England governor who is yet to make a move on interest rates, it was a curious tag. In many ways, he has been a very predictable partner [...]
Will Egypt’s President Abdel Fatah el-Sisi be able to contain the country’s growing Islamist threat? November 5, 2015 Tobias Borck, a researcher at the Strategy and Security Institute at the University of Exeter, says Yes President Sisi will be able to contain extremist groups in Egypt, but he won’t defeat them. Despite its economic woes, Egypt is not a failing state. There are no swathes of ungoverned territory, nor are significant parts of [...]
Best of the Brokers for 5 November 2015 November 5, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS Shore Capital kept its “hold” rating on the group, but downgraded its retail earnings estimate for 2016. “Ordinarily, with such a full valuation being applied to activities and our expectations of the company delivering a flat to small decline [...]
Mining giants bounce back to push up FTSE 100 – London Report November 5, 2015 The FTSE 100 ended yesterday’s session slightly higher, boosted by gains in mining companies and Marks and Spencer. The UK’s blue-chip index ended the day 0.46 per cent up at 6,412 points. The day’s biggest riser was Glencore, the embattled mining giant, which has been struggling to reassure investors worried about the size of its [...]
Laggard no more? A look at what European markets offer investors and why platforms are peering across the Channel November 5, 2015 If you want to keep up with alternative lending, you should probably be looking to the continent. Last week, Seedrs announced a partnership with ING, which will see the platform become the bank’s equity crowdfunding partner in Belgium and Luxembourg. ING will refer businesses to Seedrs if it thinks a firm could benefit from funding [...]
Leadership lessons from Machiavelli: The ends only justify the means when the goal is a good one November 5, 2015 Five hundred years after it was written, Machiavelli’s treatise on monarchical rule, The Prince, is still considered essential reading for those who are ambitious and desire power. Written as guidance for Lorenzo de Medici, The Prince famously prized earthly success over moral principles. But its teachings are often misinterpreted as advocating cunning, uncompromising methods to [...]
City Moves for 5 November 2015 | Who’s switching jobs November 4, 2015 RIDGEWAY PARTNERS The executive search firm has appointed Toby Crosthwaite as a partner. He joins from Russell Reynolds Associates, based in Singapore and London, where he worked on appointments in the insurance sector. In his new role, Crosthwaite will cover work in life insurance, general insurance, and reinsurance. RUSSELL INVESTMENTS Sarah Leslie has been appointed [...]
