Poor reception for some of the Samsung stars August 7, 2012 IT WAS the victory that saw Great Britain break its all-time record of 20 golds in a single Olympic Games, but track cyclist Laura Trott’s omnium triumph yesterday must have been celebrated with particular gusto at Samsung Towers. The electronics giant has spent megabucks on its association with London 2012, splashing out for the privilege [...]
LONDON 2012 IMAGE OF THE DAY August 7, 2012 Throughout the Olympics, City A.M. will be publishing its Olympic Image of the Day. If you have a shot you think our readers will like, please email pictures@cityam.com CHINESE hurdling favourite Liu Xiang hops down the track after falling in the first round of the men’s 110m hurdles yesterday. The athlete, who also struggled with [...]
Jess Ennis is on track for riches August 7, 2012 HE MIGHT have achieved more firsts this year than an Oxbridge college, but Bradley Wiggins is not the Team GB star tipped to benefit most from the Games. A study by Scottish Widows predicts heptathlete Jessica Ennis will gain most from sponsorship and endorsements of any British gold winners, with Wiggo second. Andy Murray is [...]
Introducing the Awards’ sponsors August 7, 2012 Lexus Lexus enjoys a global reputation for innovation, performance and the highest standards of quality, reflected in its multiple awards for customer service and satisfaction. Within the highly competitive luxury car market it has led the world in developing refined and efficient hybrid power models and has pioneered advanced technologies for exceptional safety, handling and [...]
BUSINESS OF THE YEAR August 7, 2012 OUR final shortlist for the third annual City A.M. awards is a big one – the Business of the Year. For this category we have looked for strong share price performance aligned to important strategic developments. We have chosen four established companies, along with one rising star in Ophir Energy. Ophir has been one of [...]
CITY MOVES | WHO’S SWITCHING JOBS August 7, 2012 RBS John Owen has been appointed chief executive of the bank’s international banking business. He assumes the position following Scott Barton’s decision to leave RBS at the end of August. Owen joined the bank in 2011, and has also previously held senior management roles at Credit Suisse, UBS and Bank of America. Katten Muchin Rosenman [...]
BEST of the BROKERS August 7, 2012 F&C ASSET MANAGEMENT Singer Capital Markets rates the asset manager “buy” with a target price of 110p. The broker has cut its earnings estimates by four per cent for the next year to reflect weakness in the euro, as 40 per cent of its net revenue is euro denominated. However, Singer is confident the firm [...]
FTSE shrugs off Standard Chartered slump to reach a four-month high August 7, 2012 BRITAIN’S FTSE 100 climbed to its highest close in four months yesterday, with heavyweight miners and energy stocks rallying on expectations of global economic stimulus and outweighing a steep sell off in Standard Chartered. The bank’s shares plunged 16.4 per cent in their biggest one-day sell off in four years after New York’s top bank [...]
S&P hits 1,400 on optimism over Europe August 7, 2012 U S stocks rose for a third straight day yesterday, pushing the S&P above 1,400 for the first time since early May, on growing optimism the European Central Bank (ECB) would act soon to contain the Eurozone’s debt crisis. Trading was light, which could distort the level of optimism investors truly have that Europe will [...]
Standard Chartered is the victim of US warfare against British banking August 7, 2012 STANDARD Chartered, one of the few British banks hitherto left untainted by allegations of misconduct, saw its share price nosedive yesterday, after accusations by a New York regulator that it had violated sanctions against Iran. I’m now left more convinced than ever that US politicians and regulators have a hidden objective in exposing the wrong-doings [...]
