City Moves for 03 December 2013 | Who’s switching jobs December 2, 2013 Holley Holland The consultancy has appointed Alex Cameron as a principal consultant. He has over 25 years’ experience in financial services, qualified as a solicitor at Allen & Overy, and has worked with the Bank of England, Barclays Capital and Barclays Business Banking. Altius Associates The private equity advisory firm has appointed Rhonda Ryan as [...]
Best of the Brokers for 03 December 2013 December 2, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com THOMAS COOK UBS has cut the travel firm from buy to neutral but raised its target from 180p to 200p. The broker said Thomas Cook had a strong year following cost reductions, which will be ramped up in coming years to give investors a [...]
London Report: Miners and Tesco drag on the FTSE December 2, 2013 WEAK miners dented top UK shares yesterday, tracking copper prices lower as traders bet on more falls for the broader market, while Tesco dropped on analyst downgrades ahead of a trading update this week. Miners shed two per cent, hit by a lower copper price as concerns over swelling supplies overshadowed improved manufacturing data from [...]
A data-driven Fed could well taper in December December 2, 2013 But whenever the QE wind-down begins, a dramatic pull-back for equities will not necessarily follow In a data-heavy week for the US, investors will scrutinise consumer sentiment, revised GDP figures, and the crucial non-farm payroll report on Friday for signs that the Federal Reserve could judge the US economy ready for the start of tapering [...]
CNBC Comment: Why US equities could stay strong December 2, 2013 THE US stock markets are flying high. Last week, the S&P 500 saw gains for the eighth consecutive week. But will it continue? I was reading the most recent Barclays Global Macro Survey, and thought I’d share a few of its main findings with you. While it is no surprise that the possibility of the [...]
Barclays cracks top five FTSE broker rankings December 1, 2013 BARCLAYS broke into the top five FTSE 100 stockbroker rankings last month, overtaking Deutsche Bank, fresh figures released today show. The British bank added two new blue chips to its roster of clients – supermarket giant Tesco and engineering firm Amec – to place it joint fifth in a list of the top brokers, ranked [...]
12 times as many bankers earning €1m in Britain than any other European country November 29, 2013 The European Banking Authority has produced figures that show Britain has 12 times as many bankers earning over €1m (£856,000) than any other country in Europe. More than 3,500 bankers in Europe earned €1m or more last year, up 11 per cent from 2011. Britain accounted for 2,714 of the figure with the next highest, [...]
Inside Track: John Peace prepares to shake up Standard Chartered board November 28, 2013 In the past few days there have been suggestions that relations within the Standard Chartered boardroom aren’t all that they might be. The emerging markets-focused bank survived the financial crisis intact only to see its reputation damaged last year by getting caught up in a sanctions-busting scandal.“ The event led to questions over the chairmanship [...]
Best of the Brokers for 29 November 2013 November 28, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com BETFAIR Betfair’s odds are looking good according to Numis analysts’ report ahead of interim results next week. The broker has a buy rating and 1,200p target price, and believes Betfair will give hints about where its strategy is heading, along with a four [...]
Cyber fraud victims lose an average of £371 this year November 27, 2013 As 33.6m of us are expected to storm online stores this Monday, new research from Barclays and Kaspersky Lab reveals that 4m of us were hit by cyber fraud in the last year. Victims were stung for a total of £1.5bn – an average of £371 per person. Shoppers are expected to rush for online [...]