City Moves for 18 June 2015 | Who’s switching jobs June 17, 2015 BNP Paribas Investment Partners The asset management firm has appointed Matt Joyce as a portfolio manager within its multi asset solutions group. He joins from Schroders Investment Management, where he was a multi asset analyst and fund manager. Joyce has 12 years’ investment experience, and has also worked as an analyst and fund manager at [...]
Best of the Brokers for 18 June 2015 June 17, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BELVOIR LETTINGS Cantor Fitzgerald reiterated its “buy” rating for the estate agent, after the firm won gold for franchise letting of the year at the 2015 Letting Agency of the Year Awards. The broker said awards such as this from an independent judging [...]
FTSE pushed down by Greek debt fears and grocery losses – London Report June 17, 2015 BRITAIN’S top share index turned lower by mid-session yesterday as losses in grocers and caution before a Federal Reserve announcement later in the day weighed on the market. The blue-chip FTSE 100 closed 0.4 per cent lower at 6,680.55 points. The FTSE, which fell to its lowest since late January on Tuesday, has lost around [...]
Wall St up after Fed rates talk – New York Report June 17, 2015 US STOCKS ended slightly higher following a choppy session yesterday after the Federal Reserve said the US economy is likely strong enough to withstand an interest rate hike later this year. Even if a majority of Fed officials continue to see higher rates by the end of 2015, they expect rates to rise slightly less [...]
Sixty years on: Why the battle for a free society is still yet to be won June 17, 2015 Sixty years ago, Sir Antony Fisher founded the Institute of Economic Affairs (IEA), realising an idea given to him by the economist Friedrich Hayek seven years earlier. The IEA is one of the oldest think tanks, and one of the most successful, something even its opponents freely concede. But what does success mean in this [...]
Forget Greece: The world’s real challenge is the decline in potential growth June 17, 2015 Potential output may not be sexy, but it is critical to an economy’s future performance. A supply-side concept, it is defined as the level of output consistent with stable inflation. Unfortunately, it all too often gets lost in the heated debate over the demand side of the economy. But potential output is central to a [...]
Osborne will have to face up to Britain’s pensioners if he wants to tackle debt June 17, 2015 George Osborne promised last week to legally bind future governments into lowering debt. Thanks to one of his own policies, that debt ambition will be much harder to meet unless reforms are undertaken today. The problem is the “triple lock” on the basic State Pension, the main benefit for retired people which is received by [...]
As its central bank warns of “painful” euro exit, would a Greek default necessarily lead to Grexit? June 17, 2015 Dr Holger Schmieding, chief economist at Berenberg, says Yes Greece cannot have it both ways. It can either play by the rules of the euro and return to the Spanish-style recovery of 2014. Or it can default and leave the currency bloc. Technically speaking, Greece may simply tell its creditors to get lost and otherwise [...]
Eyeing property crowdfunding? The nuts and bolts of the new sector’s leading platforms June 17, 2015 In the space of half an hour, 126 people clubbed together to buy a house via a property crowdfunding platform last month. The £212,900 two-bed flat in Byfleet, a half-hour train journey from Waterloo, was listed on platform Property Partner. Founded this year, it counts Betfair co-founder Ed Wray as one of its backers [...]
E3 2015: The video games you should be playing now, from Mario Tennis to Fallout 4 June 17, 2015 The world’s biggest video games conference, E3, came to a close yesterday. Here’s what you’ll be playing for the next couple of years. THE LAST GUARDIAN PS4 Perhaps the warmest reception during E3 was for a game most fans thought was dead in the water. The Last Guardian has been in development hell [...]
