Ryanair issues YouTube plea to David Cameron to end Airport Passenger Duty May 11, 2015 The election might be over, but that doesn’t mean we’re going to stop hearing about it anytime soon, especially now that Ryanair has got in on the act. The budget airline has released a video on its Youtube channel, congratulating David Cameron on keeping the top spot. However, like its leader Michael O’Leary, Ryanair never [...]
Business wish lists for Sajid Javid from day one May 11, 2015 Industry groups sent their requests to the new business secretary just hours after David Cameron told him he got the job yesterday, with the Confederation of British Industry (CBI), British Chambers of Commerce (BCC) and the EEF all contacting Sajid Javid. CBI Director-General John Cridland said Javid was “an excellent Treasury minister and will be [...]
David Cameron’s cabinet reshuffle: Mayor Boris Johnson rides into Downing Street May 11, 2015 Mayor of London Boris Johnson is likely to spend more time at Downing Street and less time in City Hall in the coming months, thanks to Prime Minister David Cameron’s latest cabinet reshuffle. The mayor, who was elected as the Conservative MP for Uxbridge and South Ruislip in last Thursday’s General Election, will attend meetings [...]
The end of male, pale and stale politics? The new women in Westminster after David Cameron’s cabinet reshuffle May 11, 2015 Throughout most of modern British history, female MPs have numbered few and far between. Women took up less than 10 per cent of the seats in the House of Commons until as recently as the mid-1990s, when, alongside Tony Blair’s landslide victory in 1997, the percentage of female Labour MPs shot up by a staggering 173 [...]
Fitness First in £200m revamp to lure back old fans May 11, 2015 Gym chains profit from helping people stay in shape, which is no easy feat when the customer in desperate need of a health kick is the club itself. Fitness First, which was rescued by its lender Oaktree Capital from the brink of collapse in 2012, has faced the gruelling task of getting back on form [...]
GW Pharmaceuticals reports high hopes for its cannabis-based childhood epilepsy drug Epidiolex despite losses May 11, 2015 British drugmaker GW Pharmaceuticals yesterday posted a widened half-year, pre-tax loss, as it invested more in its cannabis-based Epidiolex treatment for childhood epilepsies. The pharmaceutical company, dual listed on Aim in London and the Nasdaq in New York, posted a pre-tax loss of £13.7m for the six months ending March, which widened from £10.6m a [...]
City Moves for 12 May 2015 | Who’s switching jobs May 11, 2015 Colliers International Martin Mahmuti has been appointed senior property economist in the commercial real estate services firm’s research and forecasting team. He began his career at Cushman and Wakefield, where he primarily reported on UK, Europe, Middle East and Africa retail markets. Hermes Investment Management Philip Nell has been appointed fund director in the asset [...]
Best of the Brokers for 12 May 2015 May 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ELAND OIL & GAS Cantor reiterates its buy rating and 78p target price. Eland has announced that its joint venture company Elcrest Exploration and Production Nigeria has received consent from the Department of Petroleum Resources, and that Elcrest has fulfilled its obligations. UNILEVER [...]
Post-vote bump fades but Royal Mail delivers – London Report May 11, 2015 LAST week’s relief rally from the unexpectedly strong Conservative General Election victory petered out to leave the FTSE 100 relatively flat by yesterday’s close. The trading day was dominated by central-bank decisions, with the Bank of England keeping interest rates on hold at 0.5 per cent and a cut in Chinese interest rates supporting commodities [...]
Europe and China worries push US lower – New York Report May 11, 2015 Wall closed down yesterday, as investors fretted about Greece’s precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices. US stocks, which rallied Friday on a strong jobs report, have been trading at historically expensive valuations, fuelled by ultra-low borrowing costs. Investors took a pessimistic view of Europe, as [...]
