New York manufacturing hit as overall US production expands August 15, 2012 NEW YORK manufacturers came in for a walloping during July, in a month where consumer prices edged up, and industrial production as a whole crept up, according to a tranche of data released yesterday by various US official bodies. The headline index for manufacturing in the Empire State collapsed 13 percentage points to -5.9, diving [...]
City Moves | Who’s switching Jobs August 15, 2012 Troika Dialog The investment banking division of Sberbank has appointed Dean Tyler as managing director, head of international fixed income sales. He joins its London office from VTB Capital, where he was head of its fixed income sales team. Tyler has also held senior roles at ING Bank and F&C Asset Management. Scottish Widows Investment [...]
BEST of the BROKERS August 15, 2012 HSBC Investec has moved the bank from “buy” to “hold”, saying an “assortment of headwinds” means stock is unlikely to rise from current highs. Target price reduced to 590p. ESSAR ENERGY JP Morgan Cazenove has downgraded Essar from “overweight” to “neutral” and reduced the price target from 175p to 150p, saying regulatory hurdles in India [...]
FTSE 100 slips lower as investors wait for fresh stimulus from central banks August 15, 2012 TOP shares fell yesterday in sluggish volumes as weakness in index heavyweights such as miners, tobaccos and Vodafone outstripped gains in financials. London’s benchmark FTSE 100 index closed down 31.74 points or 0.5 per cent at 5,833.04, erasing the previous session’s gains and fluctuating in a tight range between 5,800 and 5,900 in volumes just [...]
S&P maintains upward shifts on low trading August 15, 2012 US stocks spent another session in a tight range yesterday, with the S&P 500 ending a few points higher and extending a rally that seems to be happening in slow motion. The benchmark S&P 500 index finished just a hair away from its highest close in three months, but with earnings season winding down and [...]
Act fast to grab your own slice of 2012 history August 15, 2012 ON your marks, get set…BID! Time is quickly running out to secure your very own piece of Olympic history, with memorabilia on offer in the official London 2012 auction selling faster than you can say “and Usain Bolt takes the gold”. Raising money for the Mayor’s Fund for London, the auction is currently offering a [...]
They doth desire we be better strangers August 15, 2012 ANY City workers terrified of public embarrassment, look away now. As part of the ongoing cultural celebrations to tie in with the London 2012 Games, incognito Shakespearean actors have been tasked with entertaining the visiting masses with impromptu street performances during the upcoming Paralympics. Hidden at tourist hotspots, performers will “pop-up” on unassuming crowds and [...]
Jazz festival returns to Canary Wharf August 15, 2012 LONDON’S free outdoor jazz festival returns to Canary Wharf this weekend with a line up of jazz heavyweights, including Courtney Pine (above) headlining on Saturday evening. It’s going to be a heatwave so bring a picnic, grab a drink and enjoy the music.
United land Van Persie in £24m swoop August 15, 2012 ARSENAL last night gave the green light to one of the most contentious transfers in Premier League history when they accepted a £24m bid from Manchester United for captain Robin van Persie. Last season’s top scorer and player of the year will complete a move to Old Trafford in the next 48 hours and could [...]
Pietersen should never play for England again August 15, 2012 TWO concepts are essential to any dressing room in sport: respect and trust for fellow players and coaches, and when those are compromised, there is nothing worse. There is no doubt that Kevin Pietersen is an immensely talented batsman – he has reminded us as recently as the current series against South Africa, which resumes [...]
