Tories top poll of most cliches in manifestos April 19, 2015 THE TORIES aren’t performing spectacularly in the polls, but they’re far ahead of rivals in terms of cliches. Voters can rely on a spew of cliches from the country’s top politicians, of course. They’re currently busy travelling the length and breadth of Britain, on a quest to meet “hard working families” and harp on about [...]
Duffy’s passing gives metro paws for thought April 19, 2015 THE CAPITALIST never likes to be the bearer of bad news, but this item does have a twist in the tail. Sir Duffield ‘Duffy’, Metro Bank’s chief canine officer – yes, really – went to the big kennel in the sky recently. But never fear, the bank has a new CCO… also called Duffy, or [...]
China payments prove confusing for companies April 19, 2015 MOST multinational companies are ill-equipped to handle the rapid rise in renminbi transactions, according to new research published today. Ninety per cent of senior executives surveyed by international legal practice Allen & Overy said their company’s exposure to Chinese currency is either “important” or “very important”. However, more than three-quarters of those polled also said [...]
Global business undervalued by $26.5 trillion, report claims April 19, 2015 BRITAIN’s top firms are undervalued and urgent action is required to ensure their shares command a fair price, says the Chartered Institute of Management Accountants (Cima). In a report undertaken by Brand Finance, Cima warns that directors and governments are in the dark about the true value of assets they control. The report argues the [...]
Sharp drop in confidence for UK govt bonds April 19, 2015 INVESTOR sentiment towards UK government bonds is falling at a record rate, according to a new survey out today. April has seen the largest recorded fall in sentiment towards UK government bonds, with net investor sentiment down five percentage points to 16 per cent, according to the Lloyds Bank private banking investor sentiment index. Lloyds [...]
Entrepreneurs flock to UK with surge in foreign-born directors April 19, 2015 BRITAIN is open for business, with record numbers of foreign born entrepreneurs flocking to the UK to set up new companies, according to consultancy firm Procorre. The new report, published today, identified India as the biggest source of UK-bound talent, with over 16,000 directors of British companies originating from the emerging superpower. The subcontinent was [...]
City Moves for 20 April 2015 | Who’s switching jobs April 19, 2015 Colliers International Mark Phillips has been appointed director within the commercial real estate firm’s hotel and resorts consulting team. He has 25 years’ experience in the sector, and was previously a director at HLT Consulting. Phillips has also held roles at Horwath UK and Horwath & Horwath. JP Morgan Asset Management Gilles Drukier has been [...]
Best of the Brokers for 20 April 2015 April 19, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com JUPITER Analysts at Shore Capital have concerns over Jupiter’s ability to resist ongoing fee deflation, adding that its high exposure to the UK retail market sector leaves it vulnerable to a highly competitive online market. The firm has a “sell” recommendation on the [...]
MPC minutes to be released as Tesco is set for annual report – London Report April 19, 2015 THE BANK of England’s monetary policy committee (MPC) will publish the minutes of its last rate setting meeting on Wednesday. The notes are expected to reveal officials’ thoughts on the strength of sterling and whether low inflation expectations will feed into the April wage negotiations. Traders will also be keeping a close eye on the [...]
Busy week of earnings ahead – New York Report April 19, 2015 INVESTORS attempting to determine whether US equities will rebound from Friday’s selloff or continue to sink will look to a deluge of earnings this week for a clearer picture of the economy. Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in [...]
