German and French inflation rises as energy price fall slows April 15, 2015 TWO OF the Eurozone’s largest economies saw an uptick in inflation last month, figures revealed yesterday show. French inflation’s halted its decline, according to French statistical office Insee. Prices fell by 0.1 per cent in March compared with the same month last year, Despite inflation remaining in negative territory, it is less of a decline [...]
Dixons Carphone to sell German phone retail business to Drillisch April 15, 2015 DIXONS Carphone shares climbed two per cent yesterday after the high street giant announced it will sell its German retail phone chain to telecoms firm Drillisch. The Phone House operates 30 shops under its own brand and another 50 stores for Deutsche Telekom and generates annual sales of about €350m. Dixons Carphone did not disclose [...]
City Moves for 16 April 2015 | Who’s switching jobs April 15, 2015 Ashurst The law firm has appointed Sarah Morton-Ramwell as global pro bono partner. She joins from Reed Smith, where she was responsible for its pro bono and corporate responsibility projects in Europe, the Middle East and Africa. Old Mutual Global Investors The asset management firm has appointed David Cameron-Mowat as UK equity analyst. He joins [...]
Best of the Brokers for 16 April 2015 April 15, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com CARETECH Panmure Gordon reiterated its “buy” rating on the residential care homes business after a positive half-year update confirming that trading for the first half of the year is in line with expectations. The broker said: “This is a well-resourced business delivering on [...]
High St retailers propel FTSE 100 to a new high – London Report April 15, 2015 GAINS at High Street retailers pushed the FTSE100 to a new record high yesterday as Next, Dixons Carphone and Sports Direct all had good news to share. Dixons Carphone, the electricals and mobile phone retailer, was up two per cent after German mobile telephone company Drillisch agreed to buy the UK company’s chain of telecoms [...]
Energy and earnings data push Wall St up – New York Report April 15, 2015 US STOCKS closed higher yesterday, fueled by gains in oil companies and speculation that upcoming first-quarter earnings reports might not be quite as weak as previously thought. All 10 major S&P 500 sectors gained, with the energy index leading, up 2.3 per cent. US crude jumped more than five per cent after a lower-than-expected build [...]
Beyond the frontier: Emerging Crowd founders take crowdfunding to emerging markets April 15, 2015 Next week, a new crowdfunding platform is set to launch: Emerging Crowd. In the industry, it’s a first – because it will give retail investors in the UK the opportunity to directly buy shares and bonds in emerging market SMEs. At the same time, it will be the first time that emerging market entrepreneurs will [...]
Japan Inc remains a man’s world – but that might finally be changing April 15, 2015 Learners of Japanese soon run into the phrase “shou ga nai”. Roughly translated as “it can’t be helped”, it neatly sums up a fatalistic philosophy in tune with a nation beset by earthquakes, tsunami, volcanoes and typhoons. Until recently, Japan’s record on gender equality also fell into the “shou ga nai” category. Even with a [...]
A new type of company is emerging – and it’s time our politicians noticed April 15, 2015 Business is changing. The predominance of companies for which profit is everything – and everything else is nothing – is waning, and a new wave of entrepreneurs and socially-minded individuals is on the rise. If I could give one piece of advice to the next government, it would be this: don’t just do what’s best [...]
Jean-Claude Juncker must wake up: Only Treaty change will keep Britain in the EU April 15, 2015 A common theme in all the party manifestos this week has been a commitment to EU reform – aside from Ukip, which would like Britain to leave immediately. And many of the reforms proposed are familiar: overhauling the disastrous Common Agricultural Policy, ending the EU Parliament’s travelling circus, and completing the Single Market have been [...]
