Oil price drags on the FTSE 100 as airlines takeoff – London Report December 8, 2015 OPEC’S failure on Friday to agree to curb oil production weighed yesterday on the FTSE 100 index. The cartel failed to reach agreement despite a global supply glut and the strength of the dollar, which is leading to the collapse of global oil prices, with the resulting uncertainty hitting stock markets. The FTSE 100 closed [...]
Your new must-have gadget is already in your attic – CNBC Comment December 8, 2015 It’s finally happened. As well as my ever-expanding waistline and retreating hairline, there’s been an important development in my life. In the last few weeks, a sizeable chunk of wall space in my living room has been taken up by a collection of 12-inch LPs, and a rather weighty hi-fidelity music system complete with a [...]
At the close: FTSE 100 index closes down on oil companies December 7, 2015 The FTSE 100 index closed down today as oil companies were hit after the Organisation of Petroleum Exporting Countries failed to agree to curb production. Opec failed to agree on curbing production despite a global supply glut and the strength of the dollar, which is leading to the collapse of oil prices, with the resulting uncertainty [...]
Tesco’s getting into vinyl and will start selling records by Coldplay, George Ezra and classics from the Beatles, and Nirvana December 6, 2015 Music fans worried that the spectre of streaming is killing off the music industry, relax – here's one sign that vinyl still holds a place in people's hearts Now, along with supermarket staples such as bread and milk, shoppers can add the sounds of Coldplay, The Rolling Stones and Radiohead to there shopping basket, in LP format. [...]
M&G chief explodes bombshell in pay debate December 3, 2015 Campaigners against high boardroom pay might balk at the notion of taking advice from a City grandee who landed a package worth £5.4m last year – but Michael McLintock is worth hearing out. McLintock, chief executive of the £250bn asset manager M&G Investments, has floated an idea whose explosiveness is only exacerbated by his status. During [...]
Return of the dividend: Growth might be muted in the UK, but foreign firms are paying out December 2, 2015 The UK has a very good track record when it comes to companies paying dividends. Businesses understand the importance of looking after shareholders, who in turn understand the value of either reinvesting those dividends (which account for two-thirds of total returns over the very long term) or using them to supplement an income. So it’s [...]
Three of the best business books to read this Christmas: Nothing says “glad tidings” like a book on nudge theory December 2, 2015 Whether you need help deciding how many mince pies it is optimal to eat this Christmas, or how John Lewis has survived revolutions in the retail sector, City A.M. has been compiling a list of some of the best business books to enjoy over the festive period. Here are three. THINKING IRRATIONALLY Historically, the [...]
City Moves for 2 December 2015 | Who’s switching jobs December 1, 2015 TAYLOR WESSING The law firm has appointed Emma Jordan as head of contentious trusts in its private client practice. She joins from Wragge Lawrence Graham & Co, where she was a contentious trusts and litigation partner. Jordan has a particular focus on advising and representing trustees and high net worths in litigation. LV= The insurance, [...]
Shares in Home Retail rally over Homebase bid rumours December 1, 2015 Shares in Home Retail Group rose more than three per cent yesterday on the back of reports that the former boss of Garden Centre Group is considering a bid for Homebase. Nicholas Marshall, who stepped down as chief executive of the rival garden retail chain – now called Wyevale Garden Centres – in 2012, told [...]
Stocking up on Christmas booze? Marks & Spencer is the best supermarket for wine – while Morrisons comes second December 1, 2015 Marks & Spencer has retained its crown as the best supermarket wine retailer for the second year running – but if you're stocking up on Christmas booze, you could do a lot worse than head to Morrisons, which came second in the medal table at this year's International Wine Challenge (IWC). M&S came first in [...]