At the close: FTSE 100 marginally up despite slides from housebuilders and Standard Chartered November 3, 2015 The FTSE 100 closed marginally up on Tuesday after energy stocks rallied to counter to slides in housebuilders' stocks and Standard Chartered's share price. The FTSE 100 ended the session 0.2 per cent up at 6,374. Housebuilders were hit after being downgraded by Liberum, a broker, to "sell" saying the largest housebuilders' valuations were "too optimistic". Barratt [...]
FTSE 100 opens flat despite Standard Chartered’s share price plummeting after announcing 15,000 job cuts November 3, 2015 The FTSE 100 opened flat this morning, after finishing yesterday's session in the same manner. The UK's top blue chip index rose 0.13 per cent to 6,370 points on opening, but fell back to 0.04 per cent down at 6,359 points after five minutes. Standard Chartered's shares were down just over six per cent as the market [...]
Best of the Brokers for 3 November 2015 November 3, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BARRATT DEVELOPMENTS Analysts at Jefferies have hiked their estimates for Zoopla’s full-year earnings by 15 per cent, citing growth in the number of agents on the property listing website and strong performance from uSwitch, a price comparison website Zoopla bought earlier this [...]
London property prices: Luxury homes in Greenwich and Blackfriars going up for sale – in Kuwait November 2, 2015 Two new luxury developments in central London are going on sale this week, looking to tempt overseas property investors by holding the official launch at the Warba Tower in Kuwait. An "exclusive collection of homes" are being unveiled to Middle Eastern buyers on 4 and 5 November by developers Barratt Homes London, alongside Knight Frank and [...]
City Moves for 16 October 2015 | Who’s switching jobs October 15, 2015 PEMBERTON The asset manager has appointed Corinna Mitchell as general counsel. She has over 20 years’ experience as a banking and finance lawyer, and was a partner in the London office of Dechert for the past seven years. Mitchell has also worked as a partner at Baker & McKenzie in London, and as a solicitor [...]
FTSE ends lower on China and housing data – London Report October 14, 2015 THE FTSE 100 closed down for the third session in a row yesterday following data from China that showed deflationary pressures mounting. The index was 1.15 per cent lower at the close, at 6,269.61 points. Stocks with exposure to China fell, including Standard Chartered and luxury retailer Burberry Group, which ended the session 1.46 per [...]
At the close: China concerns push FTSE 100 to finish down October 14, 2015 The FTSE 100 closed down for the third session in a row on Wednesday following data from China that showed deflationary pressures mounting. The index was 1.15 per cent lower at the close, at 6,269.61 points. Stocks with exposure to China fell, including Standard Chartered and luxury retailer Burberry Group, which ended the session 1.46 per cent [...]
The future of the FTSE 100: What next? The quarterly reshuffle has changed the complexion of the leading index September 23, 2015 The Bloodbath continued yesterday as mining shares plummeted further and the FTSE dipped below 6,000 points. Glencore, whose shares fell by 10.63 per cent yesterday, only graduated to the elite index in 2011, but the commodities supercycle has come to a juddering halt, depressing the internationally exposed FTSE. This week also saw one [...]
Crossrail 2: Hundreds of thousands of homes, jobs will be created by major new project – and here is the team behind it September 16, 2015 The first Crossrail is still more than two years away from completion, but the government is already planning for Crossrail 2, which it claims could "unlock up to 200,000 new homes and support 200,000 jobs across London and the South East". The government has just unveiled the team that is being charged with ensuring [...]
Best of the Brokers for 11 September 2015 September 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BARRATT DEVELOPMENTS Shore Capital reiterated its “hold” rating on the house builder after its preliminary 2015 results. “Performance is still very positive with the bulk of the improvement in profits still driven by recovering margins, strong support for new homes via help-to-buy and [...]