CITY MOVES WHO’S SWITCHING JOBS August 5, 2012 AXA Wealth Andrew Smith has been appointed chief operating officer of the wealth management firm’s Elevate investment platform. He joins from Nucleus, where he was responsible for its platform design and build. Smith has also held senior roles at Logica and Thomson Reuters. Mazars The advisory firm has appointed Phil Verity to the position of [...]
BEST of the BROKERS August 5, 2012 CAPITAL & COUNTIES Seymour Pierce has a “buy” rating on the London property investor and developer and has raised its target price from 220p to 233p after solid interim results. The figures provided the broker with confidence that the firm will hit the top end of consensus estimates. It also sees the Earls Court planning [...]
LONDON WEEK AHEAD August 5, 2012 UK economics will be in the sspotlight this week, with the rrelease of the Bank of England inflation report, UK Trade Balance, the Producer Price Index and BRC Retail Sales Monitor. Results are expected today from Catlin Group, Morgan Sindall and Telecity Group, while in the US Chesapeake Energy is set to reveal figures. EasyJet [...]
WALL ST THE WEEK AHEAD August 5, 2012 DESPITE a ho-hum earnings season and central banks’ disappointing hopes for aggressive economic stimulus last week, US stocks held firm. After four days of losses, the benchmark Standard & Poor’s 500 index rallied on Friday, finishing the week in the positive for a fourth straight time and reaching three-month highs. Sustaining momentum are valuations that [...]
ENTREPRENEUR OF THE YEAR August 5, 2012 We start the week with the latest nominees for the third annual City A.M. awards – our shortlist for Entreprenur of the Year. Some of the world’s great companies were founded in tough economic times, and we are undoubtedly living through dark days now. It takes a clear head to lead a company when all [...]
LAW FIRM OF THE YEAR August 5, 2012 SINCE City A.M.’s last awards ceremony in 2011, the legal sector has undergone one of the biggest shake-ups in recent years with the introduction of the Legal Services Act. The introduction of Alternative Business Structures (ABS) on 3 January was a formal acknowledgment of the ripples of change that have been spreading across the legal [...]
The technology paradox: It will kill jobs but rescue Britain’s economy August 5, 2012 THE LATEST GDP numbers were awful. The UK economy shrank by 0.7 per cent. But rather than embarking on political blame-games, we must face a stark fact: the economy needs a clean-out. All the fiscal and monetary levers have been pulled, and they haven’t worked. A much bigger story is at play – digital technology [...]
The Olympics is about more than economic growth August 5, 2012 I DON’T know about you, but I haven’t done much work in the past week. Although we could do with a boost to the economy after three straight quarters of contracting on GDP, there’s no time for shopping when you have double trap shooting qualifiers on the agenda. I did sink a hundred quid in [...]
The City should take the baton and use London 2012 to boost UK business August 5, 2012 STANDING outside the Olympic Park the day before the opening ceremony, I couldn’t help but feel caught up in the energy and anticipation of what was to come. The grounds are a fantastic sight, and this month provides an opportunity like no other to showcase and celebrate the qualities that put the Great into Great [...]
Does China’s superb medal haul reflect its determination to compete with the West? August 5, 2012 YES John Hawksworth China topped the medals table in Beijing with 51 golds and, despite no longer having home advantage, it again looks set to contest first place with the US in London. China’s success reflects two key factors: a huge potential talent pool of 1.3bn people and a well-funded government sports system for finding [...]
