City Moves for 23 February 2015 | Who’s switching jobs February 22, 2015 JLL The real estate-focused professional services firm has announced the appointment of two investment agents from Colliers International. Richard Servidei (pictured) joins its alternatives team. Oliver Jordan joins its retail investment team. PineBridge Investments The investment management firm has announced the appointment of Anik Sen as global head of equities. He joined PineBridge’s London office [...]
Best of the Brokers for 23 February 2015 February 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com RATHBONE Numis reiterated its “hold” rating on the investment manager, describing it as a solid, well-run business that “appears to have a sensible, if not overtly aggressive, strategy for the next five years”. It also said the firm is likely to achieve its [...]
GDP and consumer confidence rises reflect UK growth – London Report February 22, 2015 GDP growth is this week likely to be confirmed at 0.5 per cent quarter-on-quarter for the final three months of 2014. That growth is likely to be reflected further on Friday with consumer confidence for February at a 12-year high. The corporate week starts today with reports from Associated British Foods, Bovis Homes, HSBC and [...]
Volatility in US markets – New York Report February 22, 2015 AFTER a holiday-shortened trading week that pinned stocks in a tight trading range, equities are poised for a bout of renewed volatility as investors watch the economy and the Federal Reserve for signs of policy changes and economic strength. With worries about Greece taking a back seat, traders this week could focus on the slew [...]
The five sins of the Greek crisis that could doom Europe to irrelevance February 22, 2015 There is nothing so dangerous in foreign affairs as being half right. All along, this has been the primary reason I have been far more sceptical about a happy ending to the present euro crisis than conventional wisdom allows for. Both the Greek and German protagonists think they are entirely morally correct. Such an absolutist [...]
UK mid-market has overtaken Germany’s Mittelstand – but we can do better February 22, 2015 Angel investor and entrepreneur Sherry Coutu CBE recently said that “competitive advantage doesn’t go to the nations that focus on creating companies, it goes to nations that focus on scaling companies.” And scaling up, growing, and exporting abroad are all challenges particularly faced by the UK’s mid-market (businesses with a typical turnover of between £10m [...]
From Burma to the City, trust and accountability are essential for growth February 22, 2015 I returned this past weekend from one of my most exciting overseas business trips so far, visiting the burgeoning international markets of the Philippines, Burma and Thailand. Although these countries in South East Asia are all at different stages when we talk about the size, growth and focus of their economies, the common factor is [...]
Will a UK economic boomlet help swing the coming election for the Conservative Party? February 22, 2015 Howard Archer, chief European and UK economist at IHS Global Insight, says Yes. While the latest economic developments may not be enough in themselves to swing the election for the Conservatives, they should sway some voters at the polling booths. The Tories can support their case that they are the best party to run the [...]
Pimlico Plumbers founder Charlie Mullins talks pipes, politics and £1m election bets February 22, 2015 I don't know much in life, but I know how to run a plumbing company,” says Charlie Mullins, founder of Pimlico Plumbers, matter-of-factly. Mullins is entitled to his own opinions (and he’s got his fair share) but he’s probably wrong on this one. The self-made multi-millionaire is unerringly humble – he’s not just any managing [...]
Rediscover the art of conversation at work in easy steps February 22, 2015 Making an effort to build new relationships pays big dividends. How often do you walk into your office and it’s quiet enough to hear a pin drop? Are your colleagues constantly plugged into their headphones, heads down, and cracking through their to-do lists? Do you even know their names? While we all need space [...]
