Private equity firm TPG to move offices to Mayfair’s Park House June 16, 2015 Private equity firm TPG has signed a deal to relocate its European headquarters to a new development opposite Selfridges department store on Oxford Street. The US-based firm, which is currently based at 5-7 Carlton Gardens in London’s St James, has agreed to take the entire fifth floor of Park House on a 15-year lease, the [...]
City Moves for 17 June 2015 | Who’s switching jobs June 16, 2015 CRUX Asset Management The fund manager has appointed Karen Zachary as chief operating officer. She has 20 years’ experience in asset management, and has held positions at Henderson Global Investors, Man Group, Fidelity International and New Star Asset Management. EY Chris Gould has been appointed partner and head of the professional services firm’s cybercrime team [...]
Homebuyers ready to sacrifice space for more shops and bars June 16, 2015 The number of homebuyers that are prepared to sacrifice space in favour of a short commute to work or better nightlife has jumped over the last year, according to a new survey by Santander Mortgages. According to research published by the bank today, Britons are increasingly turning into a “recreation nation”, with those citing proximity [...]
Europa Oil & Gas powered up by £1bn valuation June 16, 2015 EUROPA Oil & Gas’ share price was given a boost yesterday after the firm announced that its 15 per cent stake in three assets off the coast of Ireland have been valued at $1.6bn (£1.02bn). The Aim-listed oil and gas explorer said it had commissioned ERC Equipoise to complete an independent assessment of its interests [...]
APR shares run out of steam on profit warning June 16, 2015 TEMPORARY power provider APR Energy lost momentum yesterday after a results warning caused its share price to plunge as much as 37 per cent. The FTSE 250-listed firm, which rents out turbines and generators, usually in developing countries, said that it “expects its full-year 2015 results to be significantly below market expectations”. Shares slumped to [...]
Lottery shake-up adds 10 more balls June 16, 2015 Camelot is shaking up the National Lottery by adding 10 balls to give a choice of 59 numbers. In changes coming into effect from October, players will have better odds for winning – but less chance of hitting the jackpot. Players who match two numbers will win a Lucky Dip ticket and there will be [...]
Best of the Brokers for 17 June 2015 June 16, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com NMC HEALTH Numis has upped its target price to £12.50 per share from £11.30 previously after its acquisition earlier this week of ProVita. The broker sees further upside from synergies with recent acquisitions, as well as continued deployment of its debt facility and [...]
Tobacco picks FTSE up from a five-month low – London Report June 16, 2015 BRITAIN’S main share index bounced up off five-month lows yesterday, boosted by firmer tobacco stocks and a broader stabilisation in equity markets which have slumped in recent sessions on fears over Greece. The blue-chip FTSE 100 index closed at 6,710.10 points – flat in percentage terms but above an intraday low of 6,656.90 points which [...]
US stocks rise as deals offset talk of default – New York Report June 16, 2015 US STOCKS rose yesterday following back-to-back daily declines, with merger activity more than offsetting market concerns as Greece struggles to avoid a default on its debt. Traders also kept an eye on interest rates as a two-day policy-setting meeting at the Federal Reserve began. Despite the collapse of talks between Athens and its European and [...]
All eyes are on Greece but rebounding inflation is Europe’s next big challenge June 16, 2015 The markets are on edge and, as Mario Draghi conceded several weeks ago, there is not much the European Central Bank (ECB) can really do to help. At the moment, all eyes are on Greece – a statement that could have been written on numerous occasions over the last five years. It’s “déjà vu all [...]
