Aiming for new heights at Le Bourget June 15, 2015 THE JET gymnastics were impressive and the multi-billion dollar deals even more so yesterday. Yes, it must be time for the Paris air show – the largest of its kind in the world. French President Francois Hollande (bottom left) took a break from Greek debt talks to watch other death-defying feats from Le Bourget airport’s tarmac. [...]
Aviva will shut three UK offices by end of 2016 June 15, 2015 INSURER Aviva is to close three of its UK offices by the end of 2016, as part of the integration with Friends Life. The group confirmed yesterday that it will shut its operations in Salford, Salisbury and Stretford, and will reduce its presence in Dorking, Exeter and Manchester. The firm’s core UK locations will be [...]
Best of the Brokers for 16 June 2015 June 15, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com DAIRY CREST Shore Capital reiterated its “buy” recommendation on the dairy food company after the Competition and Markets Authority said it is minded to refer the firm’s proposed merger with Muller-Wiseman for an inquiry. The broker is confident the issues can be solved [...]
Failure to reach Greek debt deal pulls FTSE down – London Report June 15, 2015 GREECE’S latest failure to reach a deal with its creditors helped to push the FTSE 100 down yesterday, with the blue-chip index closing down 1.1 per cent at 6,710.52. The reduction extended the previous session’s losses of 0.9 per cent, but slightly outperformed major Eurozone indexes. Talks on ending a deadlock between Greece and its [...]
Health sector bids offset Athens woes – New York Report June 15, 2015 TALK of multi-billion dollar healthcare deals buoyed shares in the sector, cutting into the market’s loss off the back of investor fears over the consequences of a possible debt default by Greece. The Dow Jones industrial average fell 107.67 points, or 0.6 per cent, to 17,791.17, the S&P 500 lost 9.68 points, or 0.46 per [...]
Forget the doom-mongers: Investing in infrastructure is as safe as it sounds June 15, 2015 Received wisdom says that infrastructure is a safe and boring haven for long-term investors looking for yield in a low interest rate environment. Recently, however, the asset class has come under attack for being more risky than the low-yielding government bonds for which it is touted as an alternative home for investors’ cash. Even the [...]
Hysterical Keynesians need to ditch the hyperbole if they don’t want to be ignored June 15, 2015 History doesn’t repeat itself, but it does rhyme. On Friday, 79 economists wrote to the Guardian condemning George Osborne’s plans to run budget surpluses “in good times”, claiming this would risk “a liquidity crisis that could also trigger banking problems, a fall in GDP, a crash, or all three”. Signed by well-known hydraulic Keynesians such [...]
How I will demolish the barriers slowing down London’s digital growth June 15, 2015 DIGITAL technology is changing the world, but the pace of change is still breathtaking. In three years, Airbnb amassed as many hotel rooms as the Hilton dynasty did in a century. Ten years ago, Twitter didn’t exist – now it has over 300m users. And Spotify adds over 20,000 tracks to its 30m-strong music library [...]
As its day of reckoning nears, should Greece accept that it’d be better off outside the euro? June 15, 2015 Sam Bowman, deputy director of the Adam Smith Institute, says Yes Greece could probably stay in the Eurozone if it had either substantially lower government debt or substantially higher economic growth. But its economy has shrunk by over 0.6 per cent in the past two quarters, and is expected to continue to shrink this year. [...]
China’s crunch point is approaching fast – CNBC Comment June 15, 2015 China will grow this year at a rate that will put the developed world to shame. It will probably grow next year and the year after that too. But the country’s 7 per cent gross domestic product (GDP) growth rate is not what the market cares about. It cares about momentum and performance relative to [...]
