What MBAs offer entrepreneurs and does it offer the skills needed to start a business? September 24, 2015 The MBA has traditionally been viewed as a gateway into lucrative careers in investment banks, consulting firms or large corporations. But there’s been a shift in recent years: students are demanding the skills needed to start their own businesses. They want access to local startup ecosystems, to investors, and to professors with experience in entrepreneurship. [...]
Best of the Brokers for 24 September 2015 September 24, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com DAILY MAIL AND GENERAL TRUST Panmure Gordon maintained its “hold” rating on the media trust, noting that its shares have weakened by 10 per cent since the investor day on 9 September. The broker said that while it remains cautious on the stock, [...]
Oil accelerates FTSE over 6,000 – London Report September 24, 2015 RISING oil prices helped the FTSE 100 crack back above the 6,000 mark yesterday, as energy stocks helped the London index climb. The FTSE 100 index, which had fallen 2.8 per cent in the previous session, closed up 1.6 per cent at 6,032.24 points. Oil prices stabilised yesterday as a decline in US inventories offset [...]
On the Beach gets its day in the sun with successful float onto stock exchange at 184p offer price September 24, 2015 ONLINE budget holiday firm On the Beach Group floated on the London Stock Exchange yesterday, at a price of 184p per share. The company’s shares closed at 205p. On the Beach boss Simon Cooper said yesterday: “The IPO of On the Beach marks an exciting milestone in the company’s development and will support us in [...]
The Beatles’ John Lennon’s school detention slip up for sale September 24, 2015 There’s a divide amongst the City’s better known CEOs. First there’s the Cambridge mafia; those with old school ties, spotless school records and fine art collections. Then, of course, there’s the boys-done-good, who left school at 16 and worked their way up from the bottom. While you’re more likely to find the City’s university alumni [...]
Emerging markets deal blow to Diageo September 24, 2015 Drinks giant Diageo said the weakness of emerging-market currencies would cut its full-year profits by £150m. The owner of the Baileys, Smirnoff and Johnnie Walker brands said its earlier warning that North American sales would decline by two per cent was unchanged, and that emerging market demand for premium spirits was likely to fall. Phil [...]
Government’s public land sell-off needs transparency says Labour MP Meg Hillier September 24, 2015 Members of the influential public accounts committee have slammed the government’s land disposal policies, saying that ministers should be “embarrassed” by the backbenchers’ findings. Meg Hillier, the MP for Hackney South and Shoreditch who recently took the reins of the public spending watchdog from Barking MP Margaret Hodge, said today that the government’s “entire approach has been [...]
Oil prices: UK supermarkets Asda, Morrisons and Sainsbury’s in petrol price war as they match crude oil price decline September 24, 2015 The UK’s supermarkets kicked off yet another price war yesterday, with Asda, Morrisons and Sainsbury’s all slashing petrol prices by up to 2p per litre (ppl). Morrisons, which has 336 petrol stations in the UK, announced that it was making its third petrol price cut in four weeks. “The falling wholesale price of [...]
Output up for UK car manufacturers September 24, 2015 British car manufacturers built just under 100,000 cars last month – a 40.6 per cent jump from the same month last year. UK manufacturers rolled out 99,910 cars in August, exporting 73,219 of them and keeping 26,691 in the country for domestic consumption, according to new figures out today from SMMT. The output pushed year-to-date [...]
New data reveals much narrower gender pay gap for graduates September 24, 2015 The gender pay gap for graduates is less than previously believed, research from an influential think tank published today shows. After crunching numbers from extensive student loan records, researchers from the Institute for Fiscal Studies found that women earn 23 per cent less than men 10 years after graduation, down from 33 per cent [...]
