‘The world of Cat TV is more cut throat than you would ever imagine’ – inside the strange business of TV… for cats
Win-win: Breaking down barriers for young people – Investec Comment November 22, 2015 It is a priority for all businesses to access talented employees from a range of backgrounds, to harness a broad set of skills and experiences. Yet many exceptional young people face barriers to accessing professional jobs – some obvious, many more subtle – that put them off such a career as an option or take [...]
Glencore share price gives up gains November 21, 2015 Shares in troubled Glencore closed down 1.6 per cent to 90.12p per share today, after suddenly slipping into the red this afternoon. This came despite the announcement that board member and former Morgan Stanley boss John Mack has bought 500,000 shares in the company. The company's shares had risen for the third consecutive day at [...]
Investec profits soaring despite crashing South African rand November 20, 2015 Investec, the dual-listed British-South African bank and asset manager, managed to beat forecasts and report 16.5 per cent operating profits,despite the falling South African rand. The bank said its profits, which were at £315m for the six months to the end of September, would have been 22 per cent, were it not for the rand falling 8.2 per cent against the [...]
Lonmin share price falls as shareholders approve crucial rescue plan November 19, 2015 Investors in Lonmin have provisionally approved a rescue plan to enable the embattled platinum miner to raise $407m (£266) through a share sale, as it attempts to stay afloat amid a commodity price storm. Nearly 90 per cent of shareholders backed the South African producer's rights issue, paving the way for it to sell billions of shares at a huge market [...]
Deflation station: Fidelity International’s Maike Currie explains where to invest in a world of no inflation November 18, 2015 It is likely that I will have to write further open letters to you over the coming months…” If you think these are the words of a hopeless romantic penning a letter to their long-distance love, you’re wrong. It’s the Bank of England governor Mark Carney, writing to chancellor George Osborne to explain why [...]
City Moves for 18 November 2015 | Who’s switching jobs November 17, 2015 CAPITAL GROUP The investment management company has appointed Chris Miles as director, financial intermediaries. He joins from Fidelity Worldwide Investment, where he was associate director, wealth manager sales, responsible for the sales and relationship management of discretionary accounts. PwC The professional services firm has appointed Leo Ring and Hannah Carter to its pensions and investment [...]
Best of the Brokers for 16 November 2015 November 15, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Numis raised their profit before tax and earnings per share forecasts for the 2016 and 2017 financial years “due to a combination of faster revenue growth, strong cost discipline and lower tax and interest charges.” They hike their target price for [...]
Don’t let runaway FX moves damage your firm – Investec Comment November 15, 2015 It’s been a volatile year for currency markets, with plenty of surprises. In January, the Swiss National Bank abandoned the Swiss franc’s peg with the euro, introduced in September 2011. Within minutes, the franc soared by around 30 per cent against the euro, hitting the country’s stock market as the effect of a much stronger [...]
Shawbrook’s share price is sliding after its largest investor sells 10 per cent stake November 12, 2015 Challenger bank Shawbrook's share price was one of the largest fallers on the FTSE 250 this morning, after its largest shareholder announced plans to sell its stake in the company. Special Opportunities Fund (SOF), the shareholder, is planning to sell a ten per cent stake. Shawbrook's share price was down 7.7 per cent at 332.8p per share [...]
Best of the Brokers for 11 November 2015 November 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com COMPAGNIE FINANCIERE RICHEMONT RBC Capital Markets has reiterated its “outperform” rating and €90 target price despite the broker reducing its 2016-17 earnings per share forecasts by around five per cent, reflecting a more difficult outlook in the second half of the year [...]