City Moves for 16 August 2016 | Who’s switching jobs August 16, 2016 Business Growth Fund Business Growth Fund has expanded its team with the appointment of Paul Stevens, who joins from Octopus Investments. Based in the London office, Paul will focus on identifying investment opportunities in AIM listed companies as part of the BGF Quoted offering, which is led by Gavin Petken and Tom Jenkins and supported [...]
Bank of England prepares for crucial QE test August 15, 2016 All eyes will be on Threadneedle Street tomorrow afternoon as the Bank of England gears up for its next bond-buying mission. To the market's surprise, the Bank of England could not find enough willing sellers of long-term government debt on the open market last week, leading to the first ever time when the Bank was [...]
England don’t deserve to top Test rankings yet, says skipper Alastair Cook after 10-wicket humbling by Pakistan August 14, 2016 Skipper Alastair Cook admits England have areas to improve on before they can contemplate assuming the status of the world’s No1 Test side after the hosts slumped to a 10-wicket hammering against Pakistan at the Kia Oval. Consecutive half-century stands failed to prevent England being dismissed for 253, leaving the tourists with the formality of knocking [...]
Moeen Ali promises Pakistan’s batsmen that a rough ride awaits after leading England’s revival with his third Test century August 11, 2016 Centurion Moeen Ali has predicted an uncomfortable day for Pakistan’s batsmen after England successfully initiated a counter-attack from a position of peril during the opening stages of the fourth and final Investec Test at the Kia Oval. England recovered from 110-5 to post 328 all out as Moeen, who was dropped on nine and 13, chalked [...]
No1 spot in the Test world rankings beckons for England. That’s all well and good, the real challenge is staying there August 10, 2016 It's all very well getting to No1 in the world Test rankings but the true measure of a side worthy of that tag is to stay there for a long time. That’s the challenge facing England should they hit the summit by the end of the summer. Such a feat will be achieved if Alastair [...]
Gold miner Centamin glitters as it hikes production estimates August 10, 2016 CENTAMIN’s solid set of half-year results, in which it cut costs and boosted production, helped its shares close up 1.28 per cent to 173.80p today. The figures Centamin's gold production swelled 30 per cent year-on-year to 140,306 ounces in the six months to 30 June. The gold miner's production costs per unit shrank 34.70 per cent [...]
UK steel industry under pressure as global trade war heats up August 9, 2016 Analysts have warned that the UK steel industry will come under increasing pressure as a global trade war picks up pace. It came after reports suggested South Korean steel giant Posco is mulling legal action against the US government for imposing duties of 57.04 per cent on some of its steel products. Read more: China iron ore imports [...]
Commercial and City property prices crumble following Brexit vote August 7, 2016 The extent of damage to commercial property prices caused by the UK vote to quit the European Union will be laid bare this week. Analysts at UBS Asset Management expect figures from Investment Property Databank to show on Friday that commercial property values fell by four per cent in July with the value of City offices [...]
Alastair Cook’s delight as England take unassailable lead against Pakistan August 7, 2016 Captain Alastair Cook savoured one of the best wins of his tenure after England bowled Pakistan out for 201 to claim the third Investec Test at Edgbaston and take an unassailable lead in the series. Five bowlers took two wickets apiece as Pakistan’s middle order collapsed from 124-3 to 125-7 in just 23 balls and England, [...]
England seamer James Anderson apologises for umpire outburst during frustrating day as Azhar Ali-inspired Pakistan turn the screw at Edgbaston August 4, 2016 England seamer James Anderson was forced to apologise after his emotions boiled over during a frustrating second day of the third Investec Test which saw Pakistan turn the screw at Edgbaston. Anderson clashed with umpire Bruce Oxenford after he was warned about running on the pitch post-delivery. England’s leading Test wicket-taker received two official warnings, [...]