Dealings over eggs and espresso March 26, 2015 THE POWER Breakfast is no ordinary breakfast. It’s that auspicious hour before work when movers and shakers get together to thrash out a deal, make contacts – or maybe move a mountain or two. Or that is at least that is the definition according to the Tisch Family, the US hotel dynasty, who claim credit [...]
Top executives turfed on to city’s sidewalk March 26, 2015 CHIEF Executives, including (front row) Melanie Forbes, Michael Keegan and Sir Tony Hawkhead, slept rough last night in the CEO Sleepout to help raise £150,000 for Action for Children, which supports 80,000 homeless UK youth. Suits – not the comfiest of sleepwear are they…?
City Moves for 27 March 2015 | Who’s switching jobs March 26, 2015 Northern Trust David Burnett has been appointed head of hedge fund services in Europe, the Middle East and Africa (EMEA) at the financial services firm. He joined Northern Trust in 2011 as head of relationship management, EMEA. Burnett has also held positions at Omnium and Citadel Investment Group. Salamanca Group The merchant banking and operational [...]
Best of the Brokers for 27 March 2015 March 26, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com KINGFISHER Cantor Fitzgerald reiterated its “hold’ recommendation for the British multinational home improvement retailer. The company’s plan to takeover Mr Bricolage is both bizarre and disappointing. However, the company now has a very strong balance sheet. WHITBREAD Panmure Gordon downgraded its “hold” recommendation for [...]
Alps air crash and Gulf allies attack on Yemen hit FTSE hard – London Report March 26, 2015 A WARNING from the Bank of England yesterday that financial markets were becoming more volatile and faced heightened risks from a lack of liquidity pulled the FTSE 100 down sharply. The FTSE 100 index was 105 points or 1.5 per cent lower at 6,886.9, as shares in airlines and tech stocks went into the red. [...]
Data help stop Wall St falls – New York Report March 26, 2015 US STOCKS fell for a fourth straight session yesterday, but indexes ended well off session lows with support from economic data and earnings, including Accenture’s. The Dow Jones industrial average fell 40.31 points, or 0.23 per cent, to 17,678.23, the S&P 500 lost 4.9 points, or 0.24 per cent, to 2,056.15 and the Nasdaq Composite [...]
We can live with zero inflation: The two per cent target must not be set in stone March 26, 2015 For the first time since the 1960s, the main measure of UK inflation has fallen to zero. While this seemed to be a shocking fact for many economic commentators, it should not be a great surprise. For over 30 years, defeating inflation and achieving price stability have underpinned UK economic policy. Low inflation became a [...]
Why embracing equity finance is key to the success of Britain’s Mittelstand March 26, 2015 The column inches dedicated to the FTSE 100 recently reaching all-time highs are a disappointing reminder of the imbalance between the perception and reality of the UK economy. Indeed, a recent report confirmed what we at ECI have known for some time: the real engine of growth in the UK is the middle market. According [...]
Don’t blame NHS reform for our health service woes: It hasn’t gone far enough March 26, 2015 NHS performance is at its worst since the 1990s, according to the respected think tank The King’s Fund. Treatment targets are routinely being missed. A&E waiting times are their worst for a decade. Two thirds of hospitals are now in the red, as the service heads towards a £2bn deficit. While services show signs of [...]
As the election approaches, is a Conservative minority government the most likely outcome? March 26, 2015 Charles Lewington, managing director of Hanover Communications, says Yes This is a numbers game. The polls are currently pointing to a dead heat between David Cameron and Ed Miliband, with roughly 270 seats for each of their parties. So the TV appearances are crucial. But Labour’s vote is soft – as is that of Ukip, [...]
