City Moves for 29 April 2015 | Who’s switching jobs April 28, 2015 Goodwin Procter The law firm has appointed Catriona Berman as partner in its real estate capital markets practice in London. She will join from Macfarlanes following completion of her notice period, and advises on a wide range of real estate transactions. Metro Bank John Nelson has been appointed head of invoice finance for the bank’s [...]
Best of the Brokers for 29 April 2015 April 28, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SUPERGROUP Berenberg has chosen Supergroup as its top pick in the retail sector and commended the owner of the Superdry brand for its transition from “a business with significant potential to one which is starting to deliver”. The broker reiterated its “buy” rating [...]
Poor data in the US and at home send FTSE down – London Report April 28, 2015 WEAK data at home and poor results across the Atlantic meant the FTSE 100 faced its biggest one-day drop in nearly a month yesterday. The FTSE 100 closed 73.45 points lower, or one per cent, at 7,030.53 points, retreating from a record high of 7,122.74 hit on Monday. The index extended losses in afternoon trade [...]
Wall St knocked as Twitter tanks on leaked result – New York Report April 28, 2015 VOLATILITY was the name of the game yesterday, although two of the three major US stock indexes as the Dow and S&P 500 ended a rollercoaster session higher, helped by strong earnings from Merck and gains in IBM after it boosted its dividend, while the Nasdaq fell with Apple. Just before the close, shares of [...]
Britain can produce world-beaters – if business speaks up for capitalism April 28, 2015 The startup parliament. That may well be the history books’ verdict on the last five years of our economy. It has been a period in which the UK has flexed its commercial muscles to become one of the most successful enterprise destinations in the world. Of Europe’s 25m small firms, more than five million operate [...]
Beneath the bonnet: Weak first quarter growth points to problems ahead April 28, 2015 Is first quarter GDP growth of just 0.3 per cent something to worry about? On the one hand, it is the slowest rate of growth since 2012. On the other, growth came in this low on four occasions even during the golden years of UK economic expansion between 1993 and 2000. To escape from this [...]
Dog day care shows why the output gap is now largely redundant April 28, 2015 I am keen on dogs. Recently, I saw an advert for a special canine toothbrush designed to get rid of the pet’s bad breath – surely a difficult challenge given what dogs get up to. Vans promoting home beauty visits for dogs have been widespread for some time now. A new service being promoted is [...]
Will the arrival of royal baby number two provide a boost to the British economy? April 28, 2015 Professor Joshua Bamfield, director of the Centre for Retail Research, says Yes While people are naturally interested in the birth of a new royal child, this is baby number two, and only about 15 per cent of those we’ve surveyed expect to mark the birth in some way. But our estimates suggest that retail spending [...]
Investors hope for Grexit relief April 28, 2015 A Greek exit from the single currency bloc could prove to be a blessing AS GREECE comes close to defaulting on its debts, the possibility of the nation becoming the first to leave the Eurozone has once again reared its head. This threat to Europe’s stability has wobbled markets and the Eurostoxx 50 has fallen [...]
London Coffee Festival returns to Truman Brewery: Founder Ludovic Rossignol explains what it’s all about April 28, 2015 WHAT IS YOUR MISSION WITH THE LONDON COFFEE FESTIVAL? It’s all about elevating standards in the coffee industry and educating people about speciality coffee, as well as celebrating the vibrant London coffee scene and the shops that form its backbone. WHAT CAN PEOPLE EXPECT? The festival is now in its fifth year and has [...]
