World Gin Day 2015: This weekend’s the time for ginthusiasts at Junipalooza June 11, 2015 Gin has been a London favourite since it was brewed in bath tubs back in the 1800s. So if you’re a juniper enthusiast, get ready for World Gin Day tomorrow – and a weekend of fine drinking. With a swathe of high-end brews, such as Sipsmith and Hendrick’s, sparking a renaissance of the premium [...]
Cuts for South Korea and New Zealand interest rates June 11, 2015 New Zealand and South Korea both cut interest rates yesterday, following a host of other countries who have done so in 2015. South Korea’s central bank cut its interest rate to a record low of 1.5 per cent yesterday, its fourth cut in the last 12 months. Rates have been edging down since 2012, [...]
French inflation rises further as food and energy prices climb June 11, 2015 INFLATION in France has reached 0.3 per cent, signalling a wider recovery in prices across the Eurozone. French inflation reached a recent trough of minus 0.4 per cent in January, but has recovered in line with the rest the currency bloc to eventually escape deflation. Yet the inflation breakdown shows that the return to price [...]
Small firms have not hindered productivity claims new research June 11, 2015 SMALL business and the self-employed are more productive than previously believed, according to research published today by the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA). Productivity, measured normally by output per worker per hour, has stalled since the onset of the great recession. One suspicion that has been raised is that this [...]
French cry foul over Manual Valls’ Champions League final freebie June 11, 2015 Under-fire French prime minister Manuel Valls attempted yesterday to quell the backlash from his all-expenses-paid junket to the Champions League final. Barcelona fan Valls brought two of his children to the showpiece match in Berlin on Saturday in a government aircraft, paid for by the taxpayer, after leaving the Socialist Party conference in Poitiers. [...]
City Moves for 12 June 2015 | Who’s switching jobs June 11, 2015 Standard Chartered Anju Patwardhan has joined the bank in the newly-appointed role of chief innovation officer. Patwardhan will become a member of the Standard Chartered’s technology and operations management group, and will oversee SC Studios, the bank’s innovation outpost in San Francisco. The experienced banker brings more than two decades of international financial services experience. [...]
Best of the Brokers for 12 June 2015 June 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com CENTRICA Whitman Howard reiterated its “buy” rating on the utilities firm. The broker said that, following what it calls the “kitchen sinking” that accompanied the FY14 results, it believes that the intrinsic value in Centrica should begin to feed through as the dust [...]
RBS gains offset by Royal Mail losses as FTSE 100 closes flat – London Report June 11, 2015 GAINS in Royal Bank of Scotland shares bolstered Britain’s top equity index yesterday on news it would be returned to private hands sooner than expected, while shares in Royal Mail fell after the government sold half its stake at a discount. The blue-chip FTSE 100 index closed up 0.2 per cent at 6,846.74 points. The [...]
Healthcare lifts Wall St shares – New York Report June 11, 2015 US STOCKS climbed yesterday as retail sales data lifted the outlook for consumer spending and as healthcare shares gained. The S&P 500 health care index gained 0.5 per cent and was among the day’s best-performing sectors, led by shares of Eli Lilly. Eli Lilly hit a 14-year high, closing up 4.1 per cent at $86.59, [...]
Don’t teach entrepreneurship in schools – let us take our own risks June 11, 2015 As George Osborne prepares for next month’s Budget, he will already have told his speechwriters to provide a strong section on supporting entrepreneurship. The Conservatives made strong play throughout the election campaign of the importance of startups for the country’s future. David Cameron went so far as to say it was the willingness of entrepreneurs [...]
