Is David Cameron right to say that the “Norway option” won’t work for a Britain outside the EU? October 28, 2015 Steven Woolfe, economic spokesman for Ukip, says Yes Spot on David! It’s good you are clear on this. Norway has implemented 99.1 per cent of EU regulations since its 1992 trade deal. That’s 10,000 rules – about five a day. But even Norway’s bad European Economic Area deal is better than our EU membership. Like [...]
Risky business: Younger managers have higher tolerance for the unknown October 28, 2015 In business, a successful outcome is never guaranteed – risk and ambiguity affect every decision managers make. Worse still, cognitive biases can prevent even the best strategists from seeing the wood from the trees. So how can we understand risk? According to behavioural economists, choices made in uncertain conditions can be split into two [...]
TalkTalk hack: It would be good to talk about cyber attacks and security October 28, 2015 Last week’s TalkTalk hack saw four million customers’ personal data stolen, £360m wiped from the communication brand’s market value, and a hole put in the public’s perception of the brand. The arrest – and subsequent bailing – of a 15-year old boy in connection with the attack may not be enough to placate customer worries. [...]
FTSE extends falls after commodities drag down index – London Report October 28, 2015 Shares linked to the economic cycle gave up ground yesterday over concerns on growth in some countries and an oversupplied commodity market. The blue-chip FTSE 100 index fell 0.8 per cent to 6,365.27 points, its biggest daily loss in almost two weeks. Investors avoided strong bets ahead of the outcome of a two-day Federal Reserve [...]
Best of the Brokers for 28 October 2015 October 28, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BRITVIC Shore Capital has reiterated its “buy” rating with a target price of 695p. It said: “We believe the soft drinks market in the fourth quarter of Britvic’s financial year – July to September 2015 – was a particularly challenging period for the [...]
Hidden gems: The little known investment funds which experts tip for great things October 28, 2015 Every saver wants the best investment funds in their portfolio. The trouble is, once a fund has become well-known after a good spell of performance, it is statistically more likely to underperform. Investing in the funds at the top of their sector rankings is not always the best idea – some experts describe this [...]
Carpetright turnaround pays off as retailer rolls out higher sales October 27, 2015 Carpetright has posted a healthy rise in half-year sales as efforts to spruce up its stores to win over more customers via its website paid off. The floorings and beds specialist, said like-for-like sales rose by four per cent in the 25 weeks to 24 October, with total sales up 2.5 per cent. Five stores [...]
City Moves for 28 October 2015 | Who’s switching jobs October 27, 2015 SAVILLS James Grierson has been appointed strategic adviser to the property consultancy’s public sector board. He was most recently head of public sector and corporate real estate consulting at DTZ (now Cushman & Wakefield). Grierson was also formerly equity partner and board member at Donaldsons and chairman of Donaldsons Consulting. He was also a non-executive [...]
Ford puts the brakes on Dow – New York Report October 27, 2015 Uncertainty over the US interest rate outlook and disappointing results from Ford and other companies yesterday weighed on Wall Street. The Dow Jones industrial average fell 41.62 points, or 0.24 per cent, to 17,581.43, the S&P 500 lost 5.29 points, or 0.26 per cent, to 2,065.89 and the Nasdaq Composite dropped 4.56 points, or 0.09 per [...]
Mark Carney’s EU referendum intervention has fuelled the campaign for Brexit October 27, 2015 It was only last week that Bank of England governor Mark Carney gave a speech in Oxford to explain the central bank’s view on the UK’s membership of the EU. But can anyone recall what he said beyond the generalities? Has his intervention added to the sum of human knowledge? And will it make any [...]
