BT awards chief Gavin Patterson £1.95m in shares May 13, 2015 BT chief executive Gavin Patterson yesterday took home 416,719 shares, as part of an incentive package. The shares were priced at £4.69, meaning Patterson’s bonus came to a total value of £1.95m. Other senior executives to benefit included group finance director Tony Chanmugam, who received 391,131 shares, and Luis Alvarez, the chief executive of BT [...]
Trinity Mirror prepares for staff cuts in print and digital: Ampp3d and UsVsTh3m websites at risk May 13, 2015 Trinity Mirror, the media group that publishes the Daily Mirror as well as many local titles, is preparing to lay off 27 staff across both print and digital. Fourteen staff on the new formats team, which produce the website Row Zed on football, the data journalism site Ampp3d, and the virals based site UsVsTh3m, have [...]
City Moves for 14 May 2015 | Who’s switching jobs May 13, 2015 Nexus Planning Amanda Balson has been appointed director of the planning and regeneration consultancy’s London office. She joins from Terence O’Rourke, and in her 20 years in the industry has also held director roles at Turley and DTZ Pieda Consulting. Allianz Global Investors Tobias C Pross has been appointed head of Europe, Middle East and [...]
Best of the Brokers for 14 May 2015 May 13, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com EASYJET Cantor Fitzgerald reiterated its “buy” rating on the budget airline, after the company reported strong earnings in the first half of the year, helped by a busy late ski season and an early Easter. However, the broker warned that trading in the [...]
FTSE ends flat after weak US data but Mondi moves on up – London Report May 13, 2015 THE FTSE was broadly flat but outperformed Europe yesterday after weak US retail data erased gains on the back of the Bank of England saying it will raise rates in about a year’s time. The blue-chip FTSE 100 closed up 0.2 per cent at 6,949.63 points by 1625 London time after falling 1.4 per cent in [...]
Investors wait out Wall St lull – New York Report May 13, 2015 WALL Street’s major indexes gave up early gains to end yesterday’s session little changed as some investors stood on the sidelines waiting for the next round of economic data at the tail end of earnings season. US retailers faced a tough April as households cut back on purchases of big-ticket items and import prices fell [...]
Why we need an Apple for financial services – to rebuild customer trust May 13, 2015 Modern life has turned us all into perfectionists. We value companies that make our lives easier, and shun those that don’t. We expect brands to make us feel good and remind us that we’re part of something special. Companies have to deliver great service every time, or face our wrath on social media and risk [...]
Can Labour win in 2020? The tectonic plates are shifting in the Tories’ favour May 13, 2015 Deja vu about 1992 is back. In the immediate aftermath of the 1992 election, speculation was rife that the Labour Party would be out of power for a generation. Five years later, Tony Blair won in a landslide. Will we see the same political cycle over the coming years, with Labour gradually re-establishing itself and [...]
A tale of two economies: Why the Bank of England risks a sharp hike in interest rates May 13, 2015 We were offered two conflicting views of the UK economy yesterday, from the monthly Labour Market Statistics and the Bank of England’s quarterly Inflation Report. The Labour Market Statistics presented a picture of a booming economy and accelerating wage inflation. Unemployment has fallen by about 400,000 over the past year and the jobless rate [...]
As he plans a new counter-extremism bill, is David Cameron right that Britain has been passively tolerant for too long? May 13, 2015 Emily Dyer, research fellow at The Henry Jackson Society, says Yes Tolerance is a fundamental British value and it should continue to underpin our treatment of everyone, no matter what their faith or beliefs. However, for too long, we have let our tolerance be abused by the intolerant: those who actively try to destroy our [...]
