Why not take a lunch break in Italy tomorrow afternoon at Novikov’s street market? June 22, 2015 Escape from the City rat-race for an hour or two tomorrow afternoon at an authentic Italian street market seconds away from Green Park underground. Esteemed restaurant Novikov is transforming its airy dining room into a bustling summer market, where it will be offering oysters, seafood and fish (courtesy of The Wright Brothers), premium beef, [...]
Double rainbow on City commute June 22, 2015 It may have been overcast, but Monday morning was far from dull after commuters were greeted by rainbow brights from Canary Wharf to London Bridge. Barclays and TfL have teamed up to wrap a DLR train in rainbows for Pride in London, which takes place this week. The train, which runs from Canary Wharf to [...]
Fastjet finally manages to sell its loss-making Fly540 Ghana for $1 June 22, 2015 African budget airline Fastjet sold its loss-making subsidiary airline Fly540 Ghana yesterday. It sold the business to airline DWG-G for $1 (£0.63). Operations in Ghana were suspended in May 2014 and since then the Fastjet management has been exploring opportunities to restructure or dispose of this loss-making business. In the year ended 31 December 2014, [...]
City Moves for 23 June 2015 | Who’s switching jobs June 22, 2015 BLP Insurance The insurer has appointed Craig Parfitt as chief operating officer. He joins from Deutsche Bank, where he was managing director specialising in financial management, operational excellence, transformational change and project management. JP Morgan Asset Management Thushka Maharaj has been appointed global strategist and executive director in the asset management firm’s global strategy team. [...]
Best of the Brokers for 23 June 2015 June 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com TED BAKER Canaccord Genuity raised its target price for the apparel and footwear label to 3,450p from 3,180p, and maintained a “buy” rating. The broker said a recent trading update covering the 18 weeks to January 2016 confirmed that the iconic British brand [...]
Sky and Severn Trent bids talk pushes FTSE up – London Report June 22, 2015 BID SPECULATION boosted media group Sky and utility Severn Trent, pushing the FTSE 100 equity index upwards yesterday, while hopes of a Greek debt deal lifted stock markets worldwide. The blue-chip index rose 115.22 points, or 1.7 per cent, to 6,825.67 points at the close, its strongest daily gain since the results of the General [...]
Stocks rise on flurry of new M&A activity – New York Report June 22, 2015 SENTIMENT was lifted yesterday as hopes grew that a deal would be reached to prevent Greece from defaulting on loans, as well as by merger and acquisition activity, helping the Nasdaq to close at a record. The Dow Jones industrial average rose 104.53 points, or 0.58 per cent, to 18,120.48, the S&P 500 gained 13 [...]
Airport expansion is now too urgent for the government to delay further June 22, 2015 According to recent media reports, the decision to build a new runway could face further delay. It seems the government may not respond to the Airports Commission’s imminent report until the end of this year, or possibly early next year. This is slow: the Airports Commission it helped establish has already spent the best part [...]
The left is wrong: The welfare state didn’t make Scandinavia successful June 22, 2015 Bruce Springsteen may have been “Born in the USA”, but he says he’d prefer the US to be more like Sweden. With its generous welfare state, many hold up the Swedes, and other Scandinavian countries, as role models for what can be achieved by a large redistributive state. With high life expectancy and relative income [...]
Greece will only have a fighting chance of revival if it leaves the Eurozone June 22, 2015 There are, apparently, still hopes that some deal can be done with Greece this week so that the final €7.2bn tranche of the current €240bn bailout can be released. If this is the case then, presumably, talks will go ahead for a third bailout and thus the Greek saga struggles on. Sadly, however, all this [...]
