Best of the Brokers for 30 April 2015 April 29, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com AUTO TRADER Numis initiated coverage of the automotive marketplace with a “buy” rating. The broker said the company’s packages offer “demonstrable return on investment for retailers and we expect further upselling and cross-selling to drive profitability both for Auto Trader and retailers”. AVON [...]
Investor caution leads FTSE to a three-week low – London Report April 29, 2015 BRITAIN’S top share index slipped to a three-week low yesterday as a slowing US economy and caution before the end of a Federal Reserve policy meeting led some investors to take profits from recent highs. The US reported its economy grew in the first quarter at just a 0.2 per cent annual rate, well below [...]
US stocks fell on Fed news and weak data – New York Report April 29, 2015 US STOCKS ended lower yesterday as the Federal Reserve cited weakness in the US economy and data showed growth slowed more sharply than expected in the first quarter. But the Fed’s acknowledgement of weakness in some sectors of the economy makes it more likely it will not be ready to raise until at least September, [...]
Nicola Sturgeon’s EU mischief-making is a taste of the political blackmail to come April 29, 2015 Both Sinn Fein and the SNP launched their General Election manifestos last week, demanding that, in any future referendum, all four nations of the UK must agree to leave the European Union before it can happen. If ever there was a policy that claims to be about unity when it is all about fomenting division, [...]
How the UK leads the world on one important measure of competitiveness April 29, 2015 Competitiveness is currently centre stage, with a debate raging over whether the UK could soon overtake Germany to become the largest economy in Europe. However, a closer look reveals that, if we do close the gap, it would be more to do with German demographic decline and euro weakness than UK productivity strength. Competitiveness is [...]
David Cameron is right: We should balance the budget without tax hikes April 29, 2015 The Prime Minister pledged yesterday to introduce a law to prevent increases in income tax, national insurance and VAT for the whole of the next Parliament. While a law may be a crude tool, it does reinforce two crucial points. First, deficit reduction should come primarily from reductions in public spending rather than further tax [...]
After weak growth in the first quarter, is the US still the driving force of the global economy? April 29, 2015 Richard Batley, senior economist at Lombard Street Research, says Yes US growth is going through a soft patch. This was initially the result of the negative impact of lower oil prices. A strong dollar then piled on the pressure. The port strike and a vicious winter also caused expansion to slow. Of all these negatives, [...]
Currency affairs: FreemarketFX founder Alex Hunn on launching on crowdfunding platform VentureFounders April 29, 2015 London is the biggest market in the world for FX trading. In 2012, the UK’s daily FX turnover averaged nearly $2 trillion, according to data from TheCityUK. Alex Hunn has a background in the industry. A former Credit Suisse First Boston and Deutsche Bank vice president and director respectively, in 2011, he started building [...]
Discovering the power of the crowd April 29, 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 [...]
The Leap 100 have fallen out of love with British banks April 29, 2015 THE NARRATIVE of growing businesses struggling to find finance is familiar: post-crash, banks won’t lend and cash for expansion can be difficult to access. On the face of it, the experiences of The Leap 100 give the lie to this simplistic tale: 64 per cent say that they haven’t found it difficult to access sufficient [...]
