Trinity Mirror revenue slumps as print sales and advertising dry up May 7, 2015 TRINITY Mirror revenues slid in the first four months of the year as the ongoing decline of print weighed heavily on the newspaper group. The company’s overall revenues slumped 10 per cent, exacerbated by an eight per cent fall in publishing revenues and a further 10 per cent fall in print income. Part of the [...]
Best of the Brokers for 08 May 2015 May 7, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com 4IMPRINT WH Ireland reiterated its “buy” rating on the promotional products company following its AGM yesterday. The broker said that while the firm’s shares are never particularly cheap, “the impeccable track record and continuing opportunity suggest that decent upside remains for this stock”. [...]
FTSE slumps on market jitters over close vote – London Report May 7, 2015 BRITAIN’S top share index fell to one-month lows yesterday as voting got underway in what looks set to be one of the country’s closest national elections in decades. With the result uncertain, the vote could yield a weak government, push the world’s fifth-largest economy a step closer to leaving the European Union and stoke Scottish [...]
Strong close as global debt worries fade – New York Report May 7, 2015 US stocks ended higher yesterday, helped by a jump in tech stocks and a reversal in surging global interest rates. Strong quarterly results from Alibaba as well as speculation that consumer review website Yelp.com could be for sale drove technology stocks higher, with the S&P tech index up 0.87 per cent. The number of Americans [...]
Why the next government must not take economic recovery for granted May 7, 2015 With results still likely to be trickling in from yesterday’s General Election, it is worth reminding ourselves that, whichever party – or combination of parties – ends up forming the next government, they will be faced with the same economic conditions. By and large, these are fairly good. But the recovery should not be taken [...]
It’s crunch time for London’s competitiveness – and alarm bells are ringing May 7, 2015 THE BIG question for London’s business community this morning is this: will our new government, whatever its make-up, help keep Britain open for business? London gives the UK a place on the world stage, and is the country’s principal gateway for investment and tourism. Last year, the city’s success allowed it to contribute £34bn more [...]
Why biotechnology is brewing a big bubble May 7, 2015 THE dot-com bubble of the 2000s is remembered as a period of mania, when investors cast aside time-honoured principles of how to analyse corporate health. In a kind of mass hysteria, sensible metrics such as sales, profit growth and cashflow were cast aside, and the market went bananas for fast-growing firms with plans to change [...]
As EU leaders say Grexit would be catastrophic, can we expect a deal sooner rather than later? May 7, 2015 Christian Schulz is senior economist at Berenberg, says Yes Syriza’s devastating reform reversals and reckless negotiating have weakened Greece so much that it will soon have to accept Troika demands. Empty public coffers, record deposit outflows, dwindling taxpayer morale, the Tsipras recession and the predictable failure to get Russian or Chinese funding have left Athens [...]
How the new Canary Wharf is sailing into the 21st century: With Crossrail Place gardens completed, the East End finance hub marks another milestone May 7, 2015 Canary Wharf has been a centre of upheaval for the last 30 years, and it has no intention of standing still now. It’s already renowned as one of London’s biggest financial hubs but it has also established itself as a shopping, dining and entertainment destination. By the end of the year, it will add “residential [...]
50 St Edmund’s Terrace: Primrose Hill to see rare new development May 7, 2015 New build homes may be spreading throughout the capital like wildfire but there are still some parts that remain relatively untouched by new development. These fall into two categories: areas judged not to have investment potential and affluent areas where the existing architecture is quite adequate, thank you very much. Primrose Hill falls very firmly [...]
