Confidence reaches 13-year high in Germany but dips in France May 27, 2015 CONFIDENCE among German shoppers has edged up to its highest level since 2001, but has stalled in France, according to figures published yesterday. The German consumer confidence index, produced by market research firm GfK, climbed marginally to a score of 10.2 for June from 10.1 in May. “Very strong domestic demand in Germany and the [...]
City Moves for 28 May 2015 | Who’s switching jobs May 27, 2015 Tokio Millennium Re The reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co has announced the appointment of Mark Julian as head of its UK branch. He joined Tokio Millennium Re (UK) in 2008 and assumed the dual role of chief risk officer and chief actuary in 2011. Baker & McKenzie Julia Hayhoe has [...]
Queen’s Speech 2015: Let’s hope the Tories are saving the radicalism for the Budget May 27, 2015 We were told we’d never see such a sight again. Majorities were a thing of the past, they said, and coalition politics was here to stay. And yet there it was yesterday – resplendent in all the finery and pageantry that the British state can muster – a legislative programme for a majority Tory government. [...]
Eight reforms to position Britain for the coming Asian consumer revolution May 27, 2015 We live in a truly exciting age. In the first half of the twenty-first century, the world economy could triple in size. By 2050, two-thirds of the top 30 economies are likely to be those classified as emerging today. And by 2050 the seismic shift will have only just begun. The potential sevenfold increase in [...]
Banking brain drain: Why finance risks losing its best talent to the FinTech sector May 27, 2015 Britain's FinTech sector is a particularly bright spot in the UK’s recovering economy. Investment in London FinTech grew by 136 per cent last year, with the capital receiving 42 per cent of all European FinTech investment in 2014. But one less-discussed aspect of this is the potential impact on talent within the wider financial services [...]
As a new corruption scandal hits Fifa, is the world footballing body now unsalvageable? May 27, 2015 John Williams, senior lecturer in sociology at the University of Leicester, says Yes We need a new governing body for the world game. News of the latest allegations of bribery at Fifa is not really news at all – merely the continuation of an all-too-familiar tale, a destructive narrative which has been running for decades. [...]
Best of the Brokers for 28 May 2015 May 27, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SCAPA Numis reiterated its “buy” recommendation for the adhesives manufacturer, and said the last full year results from the firm were “extremely impressive”, with the dividend up by 50 per cent, “despite industrial markets that often remained highly challenging in Europe”. Target price [...]
FTSE bounces back on round of acquisitions – London Report May 27, 2015 BRITAIN’S top share index bounced back yesterday from a two-week low the day before as acquisitions boosted Imperial Tobacco, cement maker CRH and International Consolidated Airlines Group. The blue-chip index extended gains in late trade on the prospect of an accord between Greece and its creditors after a Greek government official told Reuters that a [...]
Nasdaq hits a record high as US stocks rise – New York Report May 27, 2015 US STOCKS ended sharply higher yesterday and the Nasdaq logged a record high close, led by a rebound in technology and healthcare stocks and optimism that Greece would avoid defaulting on its debt. Reports that Athens and its creditors were near a deal pushed the euro higher against the dollar, partly reversing recent moves. EU [...]
Investing? what you must consider May 27, 2015 From minimising exposure to failure to ensuring adequate protection against dilution, there are ways to prepare before making your crowdfunding investment THERE is a lot of noise around the heightened risk investors are exposed to on crowdfunding platforms. But crowdfunding is venture capital, and venture capital is all about taking a higher level of risk [...]
