Leading equity analysts back Wizz Air with a ‘buy’ rating September 3, 2015 LOW-COST carrier Wizz Air received a boost yesterday when both Investec and UBS started coverage of the company with “buy” ratings. “The leading low-cost carrier in Central and Eastern Europe [CEE] is set to outperform peers in terms of passenger and profit growth due to its highly attractive network anchored in a high growth region,” [...]
City Moves for 4 September 2015 | Who’s switching jobs September 3, 2015 EY Ajay Rawal has been appointed partner within the professional services firm’s financial services transaction advisory practice. He joins from Alvarez & Marsal, where he was a partner in its European financial industry advisory services group. Rawal has over 15 years’ experience consulting in financial services. LONDON Advertising Bruce Haines has been appointed chairman at [...]
Market carnage: The funds that survived August’s global sell-off September 3, 2015 Traditional safe havens such as bond funds and gold were the best places to invest during August’s market carnage. Fears over slowing global growth and the potential for a wave of deflation to emanate out of China have pushed investors into areas which some commentators had recently been decrying as worthless investments – such [...]
Best of the Brokers for 2 September 2015 September 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com GLENCORE Canaccord Genuity has upgraded its recommendation for Glencore from “hold” to “buy” following the miner’s recent interim results. It has lowered its target price to 220p from 260p previously. The broker said it is also confident that Glencore can sustain its full-year [...]
The economic risks looming for small firms – Investec Comment August 31, 2015 Last week’s sharp sell-off in equity markets, apparently sparked by fears over the health of the Chinese economy, dramatically highlighted the risks to the global economic outlook. But the UK is still likely to enjoy moderate growth for at least the next two years. The CBI last week upgraded its UK forecasts for 2015 and [...]
City Moves for 26 August 2015 | Who’s switching jobs August 25, 2015 Close Brothers Asset Management Nicholas Cliffe has been appointed investment director at the investment management firm. He joins from HSBC Global Asset Management, where he spent five years as a discretionary wealth manager. Ashurst The law firm has appointed Shaun Lascelles as a partner in its global private equity team. He joins from the London [...]
England cricket bosses confirm 2016 schedule August 25, 2015 Ashes celebrations had barely had a chance to subside when cricket bosses yesterday announced details of next summer’s international programme where England will face a twin sub-continental challenge from Sri Lanka and Pakistan. The summer begins with England’s bid to avenge last year’s 1-0 series defeat to Sri Lanka, with the first of three Investec [...]
Investec Comment: Five rules for businesses on social media August 23, 2015 Whether it’s Twitter, Facebook, LinkedIn or Pinterest, social media has become an essential channel for businesses of all sizes to reach customers, potential customers, and wider society. The past few years have seen an intensification of the social trend. The ability of a company to access consumers directly (and vice versa), to be in the [...]
Root wants Test ranking top spot after Ashes glee August 23, 2015 AT THE KIA OVAL ENGLAND vice-captain Joe Root believes Ashes success can prove the springboard for assuming the status of the world’s best team despite defeat in the final Investec Ashes Test yesterday tainting his side’s series win. Australia salvaged some pride from the wreckage of a disappointing Test campaign by dismissing England for 286 [...]
Ashes 2015: Blitz Australia again, Ben Stokes tells England August 21, 2015 England all-rounder Ben Stokes has urged his side to summon the brutal form which has repeatedly decimated Australia in a single session this series after a sedate start to the fifth Investec Ashes Test at the Kia Oval yesterday. Opener David Warner and captain-elect Steve Smith drove a resilient Australia’s response to two harrowing Test [...]