CITY MOVES | WHO’S SWITCHING JOBS July 6, 2011 Brooks Macdonald Asset Management The independent private client investment manager with £2.8bn of funds under management has appointed Richard Harley as an intermediary sales manager. Harley previously worked for Hornbuckle Mitchell, where he specialised in SIPP, SSAS and retirement options; prior to that, he worked for Friends Provident as an adviser and AXA Sun Life [...]
BEST OF THE BROKERS July 6, 2011 ASSOCIATED BRITISH FOODS Deutsche Bank rates the food-to-fashion conglomerate as a “hold” and raises its target price from 950p to 1,050p, seeing extremely favourable dynamics in European sugar as likely to keep prices high and generate a major windfall for the group. The broker upgrades its 2011-12 earnings per share forecast by £70m or around [...]
FTSE breaks eight day streak on jitters over China and Euro July 6, 2011 THE FTSE 100’s eight-day winning streak came to a halt yesterday as worries over debt contagion in Europe and the demand outlook in China hit banking and commodity stocks. The top share index closed 21.11 points or 0.4 per cent lower at 6,002.92, having risen more than six per cent in the previous eight sessions [...]
Rally in transport stocks lifts hopes July 6, 2011 TRANSPORTATION stocks were among the standouts in another flat session for US equities yesterday, and the sector’s rally could be cause for optimism ahead. However, the Nasdaq rose for its seventh straight day, extending its rally to 6.8 per cent. The Dow Jones Transportation Average rose 1.2 per cent and hit a new closing high [...]
Three steps to get cover from summer holiday blues July 6, 2011 1 GET COVERAGE “It is essential that holidaymakers have adequate travel insurance in place before jetting off on their holidays,” says Bob Atkinson of moneysupermarket.com. He adds: “Travel insurance offers holidaymakers the peace of mind that they are covered for lost or stolen possessions, holiday cancellations, personal liability and a range of other costly possibilities.” [...]
Hot money flows burn Brazil’s trade July 6, 2011 WITH US interest rates being kept artificially low, hot money flows are hitting emerging market economies hard. With the US overnight rate currently being held around zero, the Bric countries in particular are being hit as investors try to get the highest short-term interest rates possible. But now Brazil is really starting to hurt, as [...]
From zero to bestseller July 6, 2011 SANCTUS was an instant hit when it came out in April. Waterstones shopfronts were full of it, it quickly climbed the bestseller list and the author is tipped as the next (but much more talented) Dan Brown. Yet before he wrote Sanctus – which is the first in a trilogy commissioned by Harper Collins – [...]
VEXED IN THE CITY : SOLVING YOUR LOVE & LIFE PROBLEMS July 6, 2011 DEAR VEXED: Summer party season has meant lots of drinking with colleagues. I keep getting drunk in front of them and regretting it the next day – not that I’ve done anything terrible (yet). I can’t figure out where to draw the line – is it acceptable, professionally and socially, to booze in front of [...]
City Boy strikes again, this time in danger July 6, 2011 The ex-columnist has lost his sparkle with this heavy-handed tome JUST BUSINESS BY GERAINT ANDERSON Headline, £12.99 CITY Boy, aka Geraint Anderson, rode the success of the City in its pre-crunch prime in two ways. One: by raking in the cash in a Chateau Margaux fuelled frenzy and two, by capitalising on people’s fascination with the [...]
Crafted for a better taste July 6, 2011 THE British pub industry may be in crisis, with scores of venues reportedly closing around the country each week, but there’s one side of it that’s bubbling along rather nicely. Bars that are dedicating their trade to the kind of specialist, low-volume beers you can’t find in mainstream pubs are on the rise, as are [...]
