Brexit debate: As cabinet ministers demand to campaign for No, will Cameron’s authority collapse because of EU referendum? October 19, 2015 Chris Rumfitt, founder and chief executive of Corporate Reputation Consulting, says Yes Since John Major lashed out at his own cabinet back in 1993, Europe has divided the Conservatives like no other issue. From being a minority pursuit back then, hardline euroscepticism is now the mainstream position within the party. But some cabinet ministers want [...]
Poor earnings leave equity bulls adrift – eToro Tips & Picks October 19, 2015 The markets have struggled for direction when it comes to the euro, and recent jumps higher have been met with periods of extended selling. With this week’s ECB meeting, and the continued pressure to put back the deadline for the end of QE (or to even add more QE), we could see some much-needed interest [...]
City Moves for 19 October 2015 | Who’s switching jobs October 18, 2015 BNP PARIBAS Wike Groenenberg has been appointed global head of emerging markets strategy at BNP Paribas Corporate and Institutional Banking. She was previously head of strategy for BlueBay Asset Management’s emerging markets macro fund. Groenenberg has also headed emerging market strategy at Citigroup in London, managing a team of strategists in Europe, South Africa and [...]
Best of the Brokers for 19 October 2015 October 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com The miner’s third quarter results were “modestly disappointing”, analysts at Canaccord Genuity said, with reduced full year production guidance in alumina, diamonds and titanium dioxide feedstock. Iron ore shipments, mined copper production and aluminium were all below Canaccord forecasts. The analysts held their [...]
Public finance numbers could be back on track – London Report October 18, 2015 THE LATEST public finance figures, due out on Wednesday, are expected to have seen renewed year-on-year improvement in September after a particularly disappointing August. An improved September performance would help get the public finances back on track to reach George Osborne’s targets after taking a hit the previous month. Economists expect public sector net borrowing [...]
Housing stocks may benefit from new data – New York Report October 18, 2015 HOUSING stocks could be in for a boost if September data due out next week confirms strength that market watchers expect. Home buyers returned from summer vacations to lower mortgage rates and increasing rents, and may have moved back into the market after staying away in August. Shares in the sector fell in mid-to-late September after August [...]
Tax and ad-spend October 18, 2015 William Railton explores what the OECD’s BEPS proposals mean for marketers THE OECD has released its last pieces of guidance to governments on tackling corporate tax avoidance, and intellectual property is in the firing line. The final Base Erosion and Profit Sharing (BEPS) report calls for multinationals to provide more information about their “intangible” assets, [...]
Forget sex: Nostalgia gives you return on investment October 18, 2015 Arresting though they may be, sex and violence do not sell products. When confronted with graphic material, participants in a study by Ohio State University were likely to become so distracted that it impaired their “memory, attitudes and buying intentions for advertised products,” according to professor Brad Bushman. Nostalgia, on the other hand, fares more [...]
The ultimate connection: Hyperoptic’s Dana Tobak on recalcitrant councils and politics in taxis October 18, 2015 The thing some have been slow to come to terms with is that BT is not the only solution," says Dana Tobak, when I ask her what the UK is doing wrong when it comes to internet provision. Tobak co-founded fibre-based internet service provider Hyperoptic in 2011. She and business partner Boris Ivanovic, who she [...]
Why Shoreditch is still so attractive for young firms – Investec Comment October 18, 2015 For a young business finding its feet, office space is a classic challenge. Alongside being a sizeable overhead, the question of how much space you take and how long you take it for is not easily resolved. Landlords will typically want to sign you up for as long as possible. But while your company is [...]
