FTSE dragged downwards by mining stocks – London Report October 20, 2015 REPORTS of a slowing Chinese economy yesterday hit mining stocks, dragging down the blue-chip FTSE 100 index. The index closed 0.4 per cent down at 6,352 points, led lower by mining company Anglo American which dropped by 7.37 per cent. Despite a rally of around five per cent so far in October, the FTSE 100 [...]
Best of the Brokers for 20 October 2015 October 20, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS More bad news for Associated British Foods (ABF), as Berenberg analysts downgraded the food processing and retailing company from “hold” to “buy” while keeping the target price at 3,450p. While ABF’s share price has increased by 10 per cent since [...]
Volkswagen hits metals: Prices of platinum – used in engines – have tumbled since the scandal broke. Will platinum make a comeback? October 20, 2015 Platinum prices have plunged since the Volkswagen emissions scandal broke, as investors have shifted into its sister metal palladium – with the latter’s price rising 17 per cent. But some investors are expecting the price of platinum to stage a comeback. Both metals are employed in the production of catalytic converters, but platinum is [...]
Risk-taking sinks under global unknowns – CNBC Comment October 20, 2015 Caution is key for many investors at the moment – but is it really cash under the mattress time? The experts who are telling investors not to panic and to continue to take risks may yet be proven right, but there is an increasing number of unprecedented unknowns and potential pitfalls in global markets today. [...]
How to deal with irritations in the office and colleagues’ bad habits: Instead of criticising, think of a mutually beneficial solution October 20, 2015 Pungent food, loud music and talking on speakerphone – the bad habits of our colleagues can be distracting, increase friction within a team, and stifle productivity. On the tube, you can often just move down the carriage, but at work, getting away may be far harder, and open plan office spaces may expose us [...]
City Moves for 20 October 2015 | Who’s switching jobs October 19, 2015 CARTER JONAS The property consultancy has appointed Darren Yates as head of research. He was formerly a partner at Knight Frank, where he worked as head of global capital markets research. Yates has over 20 years’ experience, and has also worked at Cushman and Wakefield, and Management Horizons Europe. MAREX SPECTRON Andrew Strickland has been [...]
Wall St stays flat despite tech advances – New York Report October 19, 2015 Cautious investors at the start of a heavy week of earnings helped Wall Street stay flat yesterday, but advances in top tech names gave some support. The Dow Jones industrial average rose 14.57 points, or 0.08 per cent, to 17,230.54, the S&P 500 gained 0.55 points, or 0.03 per cent, to 2,033.66 and the Nasdaq [...]
President Xi Jinping’s UK visit: How Britain can truly become China’s best partner in the West October 19, 2015 As the Queen welcomes the President of China to Buckingham Palace today for a state visit, both leaders can reflect on the significant progress made in UK-China relations. Indeed, much has changed. The Chinese economy, despite its slowdown, has grown massively in recent decades; it is eight times larger today than in 1999, when the [...]
Why the UK pensions triple-lock is a costly economic – and political – mistake October 19, 2015 Politicians spend much of their time worrying about repeating the political mistakes of their predecessors. In recent weeks, Conservative MPs have mused over whether changes to tax credits could have the same impact on support for the government as Gordon Brown’s abolition of the 10p tax rate, or could even be their “poll tax”. Yet [...]
Judge P2P firms on whether they’re profitable – not just on how much money they’ve lent October 19, 2015 Three years ago this week, the veteran venture capitalist Robin Klein made the case in these pages for greater support for UK high growth technology companies in their push into mainstream London capital markets. Over time, confidence grew and several good firms were helped onto the public markets through the London Stock Exchange’s High Growth [...]
