City Moves for 03 February 2015 | Who’s switching jobs February 2, 2015 HIG Capital Riccardo Dallolio has been appointed managing director and co-head of European real estate at the private equity investment firm. He previously worked at Axa RE, where he was head of alternatives and special situations, and has also held roles at JP Morgan and Grove International Partners. Coutts The private bank has announced the [...]
Publisher Quarto well placed to continue reducing debt in 2015 February 2, 2015 Independent illustrated book publisher Quarto received a 2.3 per cent bump to its shares yesterday after it reported “steady progress in 2014 despite a tough first half to the year”. Following its last market update in November the group said it started the new calendar year with less debt and organic growth. “The determination of [...]
Best of the Brokers for 03 February 2015 February 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com GAMA AVIATION Cantor Fitzgerald reiterated its “buy” recommendation for the business aviation services firm, following confirmation that it has entered into a joint venture with Hutchison Whampoa. The broker said “growth prospects for this platform and in Asia generally, are excellent”. ISG Numis [...]
Aggregates firm CRH lifts FTSE as oil drama goes on – London Report February 2, 2015 Irish building supplies groups CRH offset a drop in airlines after Ryanair warned on its profit outlook to push the FTSE index higher yesterday. Shares in CRH, one of the top gainers in the FTSE 100 index , rose 7.2 per cent after the company said it had agreed to pay €6.5bn (£4.9bn) for assets [...]
US stocks rally on Greek debt deal hopes – New York Report February 2, 2015 ALATE afternoon rally left the Wall Street indices in better shape yesterday, all driven by hopes for a Greek debt deal and as energy shares bounced with oil prices. Greece’s new government has proposed ending a standoff with its “troika” creditors by swapping its outstanding debt for new growth-linked bonds, finance minister Yanis Varoufakis said [...]
London airport expansion: Parties must pledge action now before we fall further behind February 2, 2015 Today, the Airports Commission’s public consultation on the three shortlisted proposals for airports expansion – which include a third runway at Heathrow, extending an existing Heathrow runway, or a second runway at Gatwick – at long last comes to an end. By the time Sir Howard Davies publishes his final recommendations later this year, we [...]
How paving over London’s rail routes could end the miserable commuter squeeze February 2, 2015 London’s population is forecast to hit 10m in 2030 and it’s difficult to see how the transport system will cope. A high proportion of commuters already endure severe overcrowding, standing in jam-packed carriages or even struggling to find enough space to get on trains. The government sees additional rail capacity as the best way to [...]
Government surveillance policy is having a chilling impact on UK tech firms February 2, 2015 Does the digital economy matter to this government? If this question were asked anywhere in Whitehall, the answer would be a resounding yes. After all, the government has prided itself on being the most digital friendly yet; setting up Tech City, pouring in millions of pounds of investment, and leading on a digital-by-default agenda. [...]
As Ed Miliband hits back at the boss of Boots, should business leaders stay out of politics? February 2, 2015 Alex Singleton, associate director of The Whitehouse Consultancy, says Yes Throwing stones at political parties and their leaders is a dangerous strategy for business. We all have views on which politicians are better for business, and executives might think they are doing the right thing by speaking out. But expressing these views publicly just damages [...]
Mark Carney’s struggle to master his words – CNBC Comment February 2, 2015 Once upon a time, you needed to be Alice in Wonderland to vanish down a rabbit hole. Nowadays, we are all falling in head first – thanks to a bunch of central bankers. But as we’re down here in this inverted QE world, Bank of England governor Mark Carney should probably heed the words of [...]
