City Moves for 4 November 2015 | Who’s switching jobs November 3, 2015 OLD MUTUAL GLOBAL INVESTORS Simon Barrett has been appointed head of Middle East and Nordic distribution at the asset manager. He joins from Martin Currie Investment Management, where he was most recently director, international sales and client service. Barrett has over 20 years’ experience in the Nordic region, and has also held positions at Allianz [...]
Oil and tech giants push Wall St higher – New York Report November 3, 2015 Big tech and energy sector gains drove US stocks higher yesterday, boosting an index of 100 major Nasdaq companies to a record closing high. The Dow Jones industrial average rose 89.39 points, or 0.5 per cent, to 17,918.15, the S&P 500 gained 5.74 points, or 0.27 per cent, to 2,109.79 and the Nasdaq Composite added [...]
Why the misguided war on alcohol is bad news for London November 3, 2015 We are at a crossroads. With the Night Tube held up in negotiations, a new report from the Institute of Alcohol Studies (IAS) – which claims that alcohol is placing an unnecessary strain on emergency services – is now being exploited by those who want to see a reduction in pub, bar and club licensing [...]
Markets can help end discrimination – but name-blind recruitment would help November 3, 2015 The Prime Minister recently announced that the civil service will introduce name-blind recruitment. When people apply for public sector jobs, their name will not appear on the documents sent to the appointment panel. Major organisations such as HSBC, KPMG, the BBC and the NHS are following suit. Economists have produced a substantial body of evidence [...]
What can Quaker capitalism teach business today? It’s no good being ethical if you don’t make money November 3, 2015 Today, the Friends House on the Euston Road is hosting a Quaker Business Conference on the subject of “what is the purpose of business?” It is the right time to be posing the question and a good location at which to be asking it. The Quakers led the way in some of the [...]
As the Foreign Affairs Committee warns against air strikes, would UK military action in Syria simply be irrelevant? November 3, 2015 Professor Michael Kerr, the director of the Middle East & Mediterranean studies programme and the Centre for the Study of Divided Societies at King’s, says Yes There is no obvious benefit to UK military intervention at this time; bombing Syria will not significantly alter the balance of power between its warring factions. In the absence [...]
Best of the Brokers for 3 November 2015 November 3, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BARRATT DEVELOPMENTS Analysts at Jefferies have hiked their estimates for Zoopla’s full-year earnings by 15 per cent, citing growth in the number of agents on the property listing website and strong performance from uSwitch, a price comparison website Zoopla bought earlier this [...]
FTSE 100 index: Banks get some welcome relief from Visa cash – London Report November 3, 2015 The first trading day of November saw the FTSE 100 close flat as the news that Visa Europe is to be bought by US company Visa helped rally banking stocks. The FTSE 100 ended yesterday’s session flat, up just 0.01 per cent at 6,362 points. However, HSBC, which reported a jump in pre-tax profit to [...]
Feel good is back: UK economic sentiment is about to perk up November 3, 2015 UK equity markets have seen some pronounced swings over the last few weeks. Sentiment over global economic growth has shifted between cautiously optimistic, cautious and concerned, with almost a different narrative every week. While the short-term market watchers scour the data for hints about the direction of travel, the longer-term narrative regarding “secular stagnation” (low [...]
Central banks and quantitative easing: Await the festive fireworks November 3, 2015 Halloween is over and winter is fast approaching. The nights are drawing in and the weather is getting colder. In the UK this week, the streets and skies will also be alight with firework displays for Bonfire Night. Next week, India will be doing something similar for its Deepavali celebrations. But this year, the real [...]
