City Moves for 07 May 2015 | Who’s switching jobs May 6, 2015 Norton Rose Fulbright The law firm has appointed Richard Hughes as a partner in its London banking and finance practice. He joins from Simmons & Simmons in London. Hughes has over 25 years’ experience as a finance lawyer, and has also worked in-house. Silicon Valley Bank UK The financial services firm has appointed Gavin Hewitt [...]
Best of the Brokers for 07 May 2015 May 6, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com FINSBURY FOOD Cenkos reiterated its “buy” rating on the cake and bread specialist following its acquisition of Johnstone’s Just Desserts which the broker noted “is a supplier to leading national coffee shop chains and so appears to dovetail nicely with last year’s Fletchers [...]
Strong service figures lift FTSE – London Report May 6, 2015 BRITAIN’S top share index edged higher yesterday, boosted by a survey showing that the country’s service sector grew faster than expected last month. The market showed little sign of nerves before today’s General Election. However, option prices suggest the index may see its biggest swing in two years on Friday, when investors get their first [...]
Fed comments weaken stocks – New York Report May 6, 2015 US STOCKS ended weaker yesterday after US Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout. The S&P 500 ended at a low not seen since early April after Yellen said high equity valuations could pose dangers, although she also said she does [...]
Ask the crowdfunding industry: Founders James Codling and Dillen Iyavoo on inflated valuations May 6, 2015 The growth rate of equity-based crowdfunding has been impressive. Research by Judge Business School and EY has shown that, between 2012 and 2014, volumes grew from €5m to €111m in the UK, rising four-fold last year. But while more and more individuals are considering both equity and debt-based crowdfunding as a novel but viable investment [...]
Discovering the power of the crowd May 6, 2015 28TH MAY 2015 10AM -4PM The Royal Automobile Club 89 Pall Mall London SW1Y 5HS City A.M., in conjunction with Another Crowd, is pleased to announce its first interactive Crowdfunding Seminar – Discovering The Power Of The Crowd – at The Royal Automobile Club in London ■ Speakers and moderators include Martin Baker and Gordon [...]
General Election 2015: Why I will be voting Conservative, by Morgan McKinley’s Hakan Enver May 6, 2015 The most fiercely contested and unpredictable General Election for a generation has finally arrived. I wanted to share why it is important that the City of London, and in particular the banking and financial services sector, shows support and unity in voting for the Conservative Party today. With no clear frontrunner and despite recent surges [...]
General Election 2015: Why I will be voting Labour, by Simon Franks May 6, 2015 As a nation, today we need to decide which party is most likely to deliver the kind of society we want. The society I want is balanced, dynamic, outward looking, just, entrepreneurial, and meritocratic. A society full of opportunities for all, regardless of where you live, what your parents do, or what type of school [...]
Should Britain leave the EU? Why the economics are still far from settled on Brexit question May 6, 2015 From an Empire where the sun never set, to an EU where the economic sun doesn’t shine; that’s Britain’s geopolitical journey over the past century. So which way now? Can we re-discover the entrepreneurial vision that took a small island to global pre-eminence, or will we remain tied down by a collective loss of confidence? [...]
Would it be legitimate for the second largest party post-election to form a government? May 6, 2015 Andrew Hawkins, chairman of ComRes, says Yes The second largest party did indeed win the February 1974 Election (a poll with ominous similarities to 2015), when Harold Wilson won four more seats than Edward Heath but received 230,000 fewer votes. Yet it was not thought a constitutional outrage. Even if a party does come second [...]
