Virtual reality a new tool for winning wars May 10, 2015 BAE Systems has unveiled new augmented reality technology aimed at revolutionising battle operations and capabilities. Working with the University of Birmingham, the firm has developed ways of mixing the real and virtual world. BAE Systems says this allows operators to see themselves and their surroundings, along with virtual images, video feeds, objects and avatars; bringing [...]
Sirius Minerals to raise $1bn for York Potash Project May 10, 2015 Aim-listed Sirius Minerals is set to go to the market looking to raise $1bn (£647m) in funding for its York Potash Project. A spokesman for the company told City A.M. yesterday that the fundraising is dependent on the decision of the North York Moors National Park committee, which is expected to be announced on 30 [...]
Former financiers have mixed political fortunes May 10, 2015 THE CITY’S alumni were well-represented in the General Election, with varying fortunes. Chis Chope – a former Ernst & Young consultant – kept the Christchurch Conservative safe seat he has held since 1997 and Sajid Javid – a former high flyer at Chase Manhattan Bank and Deutsche Bank – is tipped for a cabinet promotion [...]
L1 Energy looks into UK North Sea asset sale May 10, 2015 THE NORTH Sea is likely to undergo significant change over the next few years, as a number of the big players move to offload their interests in the region. L1 Energy, a subsidiary of Russian tycoon Mikhail Fridman’s Letter One Group, is reported to have appointed Morgan Stanley to advise on the sale of its [...]
Gatwick airport traffic levels soar again as report on expansion looms May 10, 2015 Passenger traffic at Gatwick airport rose for the 26th month in a row this April, with 3.2m passengers travelling through the airport last month. The busiest European route from Gatwick remained Barcelona, which saw traffic increase by 0.2 per cent from April 2014, totalling 113,200 passengers. The biggest growth came on the North Atlantic route [...]
City Moves for 11 May 2015 | Who’s switching jobs May 10, 2015 DC Advisory The corporate finance adviser has announced the appointment of Colin Pollock as executive director in its European infrastructure team. He joins from Barclays, where he was director in the power, utilities, and infrastructure team within its investment banking division. UBS Global Asset Management The asset management firm has appointed Peter Cazalet as executive [...]
Best of the Brokers for 11 May 2015 May 10, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com DIXONS CARPHONE Barclays has reiterated its “overweight” rating and raised its target price by seven per cent to 515p after the group issued a positive trading update last week saying it had gained market share across its geographies. The broker rates Dixons Carphone [...]
Bank of England to reveal interest rate and inflation report – London Report May 10, 2015 THE BANK of England (BoE) will announce the latest Bank rate today, with economists expecting it to remain at its historic 0.5 per cent low. On Wednesday the BoE will announce its widely-watched inflation report. Employment and unemployment figures are also due that day and are expected to show a strong market. The corporate calendar [...]
US wages up for discussion – The week ahead on Wall St May 10, 2015 LABOUR expenses will be a key focus during retailers’ earnings conference calls in the coming weeks, with many companies under pressure to boost workers’ wages at a time when low US unemployment levels have given workers more leverage. Wal-Mart, Target Corp, T.J. Maxx, Gap, and McDonald’s have already announced wage increases, and the trend appears [...]
Lord Mayor Alan Yarrow wants to start the City talking about empowering disabled workers May 10, 2015 Almost halfway through his mayoralty, despite the rigours of constant travel, Alan Yarrow is buzzing with energy. The former Kleinwort Benson veteran, and chairman of the Chartered Institute for Securities & Investment (CISI), clearly relishes the novel experience of swapping the cut and thrust of the workplace for his apolitical role representing the City’s interests. [...]
