EU referendum Yes campaign Britain Stronger in Europe makes for strange bedfellows – The City View October 11, 2015 General Sir Peter Anthony Wall GCB CBE DL is a former head of the British army and a graduate of Cambridge and Sandhurst. Megan Dunn is a graduate of Aberdeen University and current president of the National Union of Students. It’s hard to imagine the circumstances under which the two would meet, let alone share [...]
Only £4,327 for HMRC despite Facebook UK’s £105m revenues October 11, 2015 FACEBOOK paid just £4,327 in corporation tax last year – less than the annual cost of travel for some people commuting to London from Brighton each day. The social media giant rewarded its UK staff with an average of £210,000 in pay and bonuses, and spent £35.4m on shares for 362 London employees, bringing the [...]
Oil firm Ineos goes on a shopping spree for DEA’s North Sea assets October 11, 2015 Ineos has agreed to purchase all of the UK North Sea gas fields owned by Russian billionaire Mikhail Fridman’s DEA Group. The deal comes only weeks ahead of a deadline set by the government in April for DEA owner investment firm LetterOne to dispose of the oil and gas fields it bought from German utility [...]
City Moves for 12 October 2015 | Who’s switching jobs October 11, 2015 CARTER JONAS The property consultancy has appointed Darren Yates as head of research. He was formerly a partner at Knight Frank, where he worked as head of global capital markets research. Yates has over 20 years’ experience, and has also worked at Cushman and Wakefield, and Management Horizons Europe. MAREX SPECTRON Andrew Strickland has been [...]
Best of the Brokers for 12 October 2015 October 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Greene King, the 200-year-old Suffolk brewery, needs to cut its combined brand portfolio of 16-17 to six or seven to ensure medium-term success, analysts at Canaccord Genuity said. They reiterated their “buy” recommendation, but lifted their target price of 850p to 1,050p. Following [...]
Inflation likely to show minute rise above zero – London Report October 11, 2015 INFLATION data will be in the spotlight this coming week. The consumer price index in the UK, released tomorrow, is expected to pick up in September to 0.1 per cent year-on-year, following a drop to zero per cent in August. The Bank of England, which is targeting two per cent inflation, said the outlook for [...]
Data will show Fed’s appetite – New York Report October 11, 2015 FIGURES out this week will give another indication regarding the appetite of the Federal Reserve to raise rates from historic lows before the end of the year. Producer prices for last month, published on Wednesday, are expected to remain negative, down 0.8 per cent year on year. September inflation data, to be released on Thursday, [...]
Obama’s TPP free trade deal triumph could prove all too fleeting October 11, 2015 Well, he did it. Barack Obama’s presidency is ending with a bang and not a whimper. The just concluded Trans-Pacific Partnership (TPP) deal between 12 countries ringing the Pacific Ocean amounts to the most significant free trade accord in memory. First, there is the economic heft of the signatories to consider: they account for [...]
Why Andrew Adonis’s new Infrastructure Commission is an economic masterstroke October 11, 2015 George Osborne’s appointment of Andrew Adonis, a former Labour transport secretary, to head up a new National Infrastructure Commission last week was highlighted by many as a political masterstroke. To some commentators, this is a reinforcement of the idea that it is the Conservatives who are on the vaguely-defined centre ground. But the economic argument [...]
Employee exodus: The housing crisis is now a dire threat to the future of London’s businesses October 11, 2015 Tomorrow will see a key intervention in the housing debate. Business leaders from across the capital will launch a major campaign called Fifty Thousand Homes. That’s the number of houses we need to build a year to keep up with London’s growing population. Housing costs are becoming a problem for employers as much as [...]
