City Moves for 21 December 2015 | Who’s switching jobs December 20, 2015 HAMPSHIRE TRUST BANK Karen Brown and John Pollington have joined Hampshire Trust Bank’s Property Finance team as directors while Daniel Norman has been appointed as Property Finance Lending Manager. Karen, who has 12 years’ property finance experience, is based in Harrogate. Prior to joining Hampshire Trust Bank she ran her own training company and before [...]
Oil lows offset Santa rally and Fed hike – New York Report December 20, 2015 THERE are now just seven full trading days left in the year and some investors are still hoping for an end of year surge to close out what has been a sluggish 2015. The S&P 500 index is down three per cent so far this month, and the recent and persistent slide in oil prices [...]
A new Centre for Music would be a fantastic addition to the City’s strong cultural offering December 20, 2015 What makes a global city an attractive place in which to work and live? A buoyant economy, quick transport links, good housing, low crime rates, excellent education, and easy access to healthcare are always cited as key factors. But to that we should also add the cultural offer, and last week London upped its game [...]
We must embrace tall buildings if we’re to build the homes we need and protect the greenbelt December 20, 2015 Ask Londoners what needs to be done to build the homes and work space required for the capital’s future, and you’ll get a range of different answers. Make use of empty houses and identify brownfield sites owned by public bodies are two of the most popular. Everyone has a view, and quite rightly so, [...]
After a turbulent year for equity markets, where will the FTSE 100 end up by the end of 2016? December 20, 2015 Nick Peters is portfolio manager at Fidelity Solutions, says Yes Overall, one can paint a relatively supportive economic picture for the UK. Wage growth is now outstripping inflation and is likely to continue doing so, given low levels of unemployment. This should help to support consumer demand, though this is admittedly more important for the [...]
Agile working: How your firm can think fast and innovate December 18, 2015 Belinda Waldock explains how tech giants stay on top in a world of constant change. Facebook, Amazon, Microsoft, Google. Have you ever wondered how these global giants have managed to navigate the relentlessly evolving technology industry, disrupting markets and creating multi-billion dollar valuations just a few years after starting from a garage? Their ability [...]
FTSE jumps as investors cheer the Fed rate rise – London Report December 18, 2015 TOP SHARE index, the FTSE 100, climbed yesterday, tracking gains on other equity markets after investors took the first US interest rate rise in nearly a decade as a sign of policymakers’ confidence in the world’s biggest economy. The FTSE rose 41 points, or 1.2 per cent to 6,102 points, but is down by around seven [...]
Best of the Brokers for 18 December 2015 December 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com TRINITY MIRROR Analysts at Liberum have reiterated a “buy” rating for Trinity Mirror despite the firm losing its appeal against the level of phone hacking damages awarded against it and increasing the level of provisions by £13m to £41m. Liberum reckon this is [...]
City Moves for 18 December 2015 | Who’s switching jobs December 17, 2015 TOGETHER Andrew Murdoch has joined specialist lender Together as group valuations manager, after 12 years with Eddisons. A Royal Institute of Chartered Surveyors-registered valuer and registered receiver, he has extensive experience in valuation, asset management and value enhancement. At Eddisons, he spent eight years specialising in corporate recovery, insolvency and LPA receiverships, including two year-long [...]
Wall St slips as global concerns curtail rallies – New York Report December 17, 2015 CONCERN over faltering global economic growth yesterday ended a three-day rally on Wall Street, led by declines in energy and materials shares, a day after shares rose on the Federal Reserve’s decision to raise interest rates. The Dow Jones industrial average fell 253.25 points, or 1.43 per cent, to 17,495.84, the S&P 500 lost 31.18 [...]
