Vauxhall Eyesore to be turned into flats March 4, 2015 BT’S KEYBRIDGE House in Vauxhall is to be transformed into an 129 metre-tall residential tower after the telecoms group completed the £92.5m sale of the brutalist building to Mount Anvil this week. The proposed red brick tower will house 400 flats and is due to be finished in 2018.
Cambian reports mixed results as post-float milestone approaches March 4, 2015 SHARES in health service provider Cambian Group were buoyed yesterday after news of full-year results showing strong revenue growth offset a loss in pre-tax profit. The firm, which floated on the FTSE in April last year, made four acquisitions during 2014, including Woodleigh Care in December for £63m. The acquisitions accounted for 451 of the [...]
Fair Oaks gets a new cornerstone investor March 4, 2015 FAIR OAKS Income Fund, a Guernsey-based investment firm, said yesterday that secondaries investor Coller Capital had bought a 20 per cent stake in the fund from a previous cornerstone investor. The London-based Coller has purchased the entire holding of 34,298,425 ordinary shares from alternative SME finance provider GLI Finance (Glif). Fair Oaks invests in collateralised [...]
Low pay and inflation deter rate hike March 4, 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. This week’s guest chair, former UK rate-setter David Blanchflower, highlighted the fact that the next move in interest rates could be a downward one. The Bank has said lowering rates is now possible [...]
City Moves for 05 March 2015 | Who’s switching jobs March 4, 2015 Aon Hewitt The talent, retirement and health solutions business has appointed Adrian Mitchell as partner and senior portfolio manager in its delegated consulting services team. He joins from the John Lewis Partnership Pensions Trust, where he was chief investment officer. Mitchell has also held senior positions at Proxima Alfa UK Investments, FF&P Asset Management, JP [...]
Best of the Brokers for 05 March 2015 March 4, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com KELLER Numis has downgraded engineering group Keller from a “buy” to an “add” following a strong share price performances. Analyst Christen Hjorth said: “Keller has reported full-year results in line with expectations and the group’s strong order book indicates that 2015 will be [...]
FTSE climbs in late rally as BA owner IAG soars – London Report March 4, 2015 BRITAIN’S top share index rebounded late yesterday, helped by a surge in British Airways owner International Airlines Group (IAG) due to strong traffic figures and by rallies in broadcaster ITV and bank Standard Chartered. The FTSE 100 snapped a three-day losing streak to end 0.4 per cent higher at 6,919.24 points after trading as low [...]
Pharma and jobs data calm edgy investors – New York Report March 4, 2015 US SHARES closed down yesterday for the second day in a row as investors stepped back after a recent rally ahead of jobs data due later in the week. Healthcare stocks were the only bright spot in the market after a US Supreme Court hearing and a cancer drug approval. The Dow Jones industrial average [...]
5 Investment picks March 4, 2015 Blue Crow Media The creator of city guides for the discerning customer has turned to the crowd to fund a series of curated lifestyle apps, maps and books to show what London has to offer. It’s raised 65 per cent of the £37,502 it needs, and is offering 3 per cent equity. 32 days left [...]
Seedrs co-founder Jeff Lynn talks risk, investor expectations and the future of crowdfunding March 4, 2015 In 2014, the fastest growing subsector of Britain’s alternative finance market was equity-based crowdfunding, according to figures from EY and the University of Cambridge. It grew by a whopping 420 per cent, with volumes totalling €111m (£80.5m). But such fast growth makes it increasingly vital that would-be investors have access to information about the industry. [...]
