New survey casts doubt on growth of UK economy April 8, 2015 The UK economy is not out of the woods yet, according to a new set of survey data. Economic growth may have slowed in the first three months of this year, according to figures released today by the British Chambers of Commerce (BCC). Both manufacturers and service sector firms reported lower sales growth at home [...]
Economists opt to wait on rate hike April 8, 2015 CITY A.M.’s panel of economists voted seven to two to hold the Bank of England’s base rate at 0.5 per cent this month. Inflation dipped to zero per cent in February, and the Bank of England has warned that it could slip into negative territory over the first half of this year. With inflation well [...]
UK’s economic growth spurt helps big banks April 8, 2015 BANKS’ losses on bad loans dived last year as the economic recovery took hold, and analysts at credit ratings agency Standard and Poor’s expect the trend to give the sector a further boost in the years ahead. Loan losses plunged dramatically in 2014, collapsing from £17.1bn in 2013 to £3.3bn last year. And the analysts, [...]
Slovak Telekom to go to market as republic offloads 49pc stake April 8, 2015 COMMUNICATIONS provider Slovak Telekom said yesterday it was moving towards privatisation as the Slovak Republic seeks to unload its share in the company. The Slovak Republic, owning 49 per cent of Slovak Telekom via its agency the National Property Fund, intends to offer its entire stake on the London and Bratislava stock exchanges. Neither the [...]
EasyJet sees passenger numbers up but falls behind rival’s growth April 8, 2015 EASYJET saw its passenger numbers increase by 7.5 per cent in March compared with the same month last year, but failed to keep up with arch-rival Ryanair. The Luton-based budget airline carried 5.5m passengers last month, up from 5.1m over the same period last year. The moderate growth comes on the back of February’s six [...]
London says cheers to the beer billboard April 8, 2015 A CEREAL cafe, a porridge pop-up and now a pint-pouring poster – Shoreditch really loves a good gimmick. Yesterday the area had a billboard that was giving away free beer for the day. Unusually, for the area, it was not some hipster craft ale – it was Carlsberg.
City Moves for 09 April 2015 | Who’s switching jobs April 8, 2015 Lambert Smith Hampton The commercial property consultancy has promoted Sean Brew to lead its London team, following its acquisition of ES Group last month. He joined in 2011 from DTZ to head Lambert Smith Hampton’s national property and asset management team. M&G Real Estate Kerry Williams has been appointed retail investment director at M&G’s real [...]
Best of the Brokers for 09 April 2015 April 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ATKINS Numis reiterated its “buy” rating on the engineering group following an update which showed a solid performance for the final quarter of 2014. The broker said it believes “Atkins is well positioned to deliver steadily improving results on the back of growing [...]
FTSE 100 slides despite BG rise on Shell deal – London Report April 8, 2015 OIL AND gas stocks dominated trade in a falling UK stock market yesterday, driven by a £47bn bid by Royal Dutch Shell for energy firm BG Group. Shares in BG jumped 26.6 per cent to hit their highest level since September when the stock was tracking a falling oil price. The two listings for Royal [...]
Fed minutes and mergers spark late rally – New York Report April 8, 2015 US STOCKS ended a volatile session yesterday with modest gains after minutes from a Federal Reserve meeting indicated that the central bank remained on track for a interest rate hike this year. The Dow Jones industrial average rose 27.09 points, or 0.15 per cent, to 17,902.51, the S&P 500 gained 5.57 points, or 0.27 per [...]
