New technology puts everyone in the market for a drink or two September 30, 2012 THE Market Bar in Crutched Friars started pricing its drinks according to customer demand back in the 1990s, with stock exchange boards constantly updating the dynamic prices. Now an American firm based in Florida, The Drink Exchange, has developed the technology to enable any bar to offer a similar experience. If everyone starts demanding a [...]
Win champagne Spot the City landmark September 30, 2012 THERE are only a few weeks to go until St John’s Ambulance’s flagship black-tie City quiz evening, The Game, on 24 October, which will be raising funds for the life-saving work of the charity. All proceeds from The Game will support Teach the difference, SJA’s campaign to equip an entire generation with first aid skills. [...]
City Moves | Who’s switching jobs September 30, 2012 Alpha Strategic The investment firm has appointed Alistair McKay as its new chief executive. He was most recently a senior adviser to Asset Management Finance, a US private investment firm. McKay is a chartered accountant and has also previously held senior roles at Credit Suisse and Morgan Stanley. Michael Page Kate Chapman has been appointed [...]
Best of the Brokers September 30, 2012 EASYJET Numis rates the airline “hold” with a target price of 525p ahead of a pre-close trading update on Wednesday. Analyst Wyn Ellis expects to see a jump in post-Olympic traffic. ROBERT WALTERS Peel Hunt has a “sell” rating and a price target of 160p. Henry Carver thinks the recruiter will report increasingly difficult trading [...]
Banks to announce interest rates days after key economic indicators September 30, 2012 THE first day of the month brings with it September’s Purchasing Managers’ Index (PMI) manufacturing data for the UK and Eurozone. Last month’s UK figures painted a rosier-than-expected picture of the sector, although the Eurozone figures were disappointing. The news will be followed up tomorrow by construction data from the PMI, although FirstGroup’s trading update [...]
Election debate kicks off amid gains for S&P September 30, 2012 WALL Street will open October with a busy week, highlighted by low expectations for global manufacturing data and the US jobs report. Any positive surprises may help lift the market. The S&P 500 finished its third positive quarter in the last four on Friday, despite suffering its largest weekly percentage decline since June. For the [...]
The business of winning a smile from a sceptic September 30, 2012 THE French policeman, or gendarme, didn’t look happy as he got off his motorbike. He had waved over my car after seeing me talking on my phone, and driving around a roundabout twice. However, his expression changed to one of utter disbelief when I greeted him with “Thank God you are here!” Before he could [...]
Canary Wharf Group gets behind finance entrepreneurs September 30, 2012 FOR too long, the worlds of entrepreneurship and finance have been separate spheres. The choice has always been between working for a behemoth in the corporate jungle, or taking that leap of faith to go it alone in a field of work unrelated to your City career; indulging a personal passion – perhaps opening that [...]
Disruptive technology can rebuild manufacturing for the internet age September 30, 2012 BRITISH manufacturing is not finding it easy. Output shrank once again in the second quarter of 2012, having failed to deliver any significant growth in over a year. Once the workshop of the world, the UK has slipped down the manufacturing league tables. Does it matter? A few years ago, the answer from many economists [...]
More diverse financial services are critical to restoring trust in UK banking September 30, 2012 THE business of politics and the politics of business are rarely more intertwined than during the party conference season. Last week, the City of London was in the crosshairs of the Liberal Democrats, and it is likely to remain in sharp focus as Labour takes the stage in Manchester today. We all know that the [...]
