Fortune favours brave Academicals April 12, 2015 SCOTLAND’S adult rugby players may not have got one over on their English counterparts for some years – but the next generation seems to be faring a tad better. Wearing City A.M sponsored kit the Edinburgh Academical Rugby Club under 14s secured a 49-0 tour match win over Warfedale and 35-5 win against Harrogate in North [...]
Ranger Capital in £155m listing for loan vehicle April 12, 2015 US-BASED investment group Ranger Capital will today unveil plans to raise up to £155m to tap the growth of direct lending platforms by listing a new fund on the London stock exchange. Ranger Direct Lending Fund, which will list on the main market, will use the cash to snap up loans made to small and [...]
Shoppers splash out more on hotels and restaurants – but not clothing April 12, 2015 UPBEAT British consumers are splashing out more on luxuries like eating out and taking trips away, according to Visa’s spending index published today. Household spending increased 1.1 per cent in the year to March, and 1.3 per cent on the month. Spending on bars, hotels and restaurants led the way, soaring by 7.1 per cent [...]
First-time buyers make the most of sudden stall in UK house prices April 12, 2015 First-time buyers snapped up 21,000 houses in February, taking advantage of a short-term blip in house prices, according to estate agents Reeds Rains and Your Move. That is an 11 per cent rise in the number of transactions on the month. The average first-time buyer paid £143,767 for their property, down four per cent on [...]
Survey points to high business optimism and strong hiring plans April 12, 2015 Businesses are planning to take on more workers over the coming months, according to survey figures released today by accountancy firm BDO. BDO’s employment index – an indicator of hiring intentions – scored 113 in March. Despite it being marginally lower than February’s 113.1, it is far above the long-term average of 100. Firms also [...]
City Moves for 13 April 2015 | Who’s switching jobs April 12, 2015 Cunningham Lindsey The claims management and third party administration services provider has appointed Mark Thompson as global head of major and complex loss, and chief executive of Cunningham Lindsey International. He has over 20 years’ experience managing loss adjusting and insurance forensic accounting. LME The London Metal Exchange has appointed Andrew Dodsworth as head of [...]
Best of the Brokers for 13 April 2015 April 12, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HAYS Numis reiterated its “add” rating for the professional recruiters. The broker lowered its earnings forecasts for the group due to softening growth in the UK and Germany “as election and regulatory issues cause a pause for breath among a number of employers”. [...]
Retail sales helped by early Easter and likely to continue – London Report April 12, 2015 RETAIL sales data from the British Retail Consortium due out this week is expected to show decent sales growth due to the fact that Easter occurred at the very beginning of April this year. The report will also show that UK consumers are highly unlikely to hold back on making purchases due to the possibility [...]
US company results season – New York Report April 12, 2015 WITH earnings season underway, Wall Street is putting macroeconomic policy and the US Federal Reserve on the back burner in favour of a focus on individual company results and forecasts for a pulse on the economy’s health. Several big banks, including JP Morgan Chase and Bank of America, are due to report first-quarter earnings this week, providing an [...]
The Eurozone will remain mired in crisis unless it faces up to the facts April 12, 2015 During my years in the trenches in Washington, my staff christened one of my favourite analytical canaries in the coalmine the “we are where we are moment”. That is, you can determine whether a crisis is actually being dealt with simply by looking at the rhetoric of the opposing forces involved. If they hadn’t moved [...]
