City Moves for 4 August 2016 | Who’s switching jobs August 4, 2016 Colliers International Colliers International has appointed Patricia Walsh as its new head of property management accounts following the retirement of Steve Tutton after 12 years of service. Patricia joins Colliers from Lee Baron where for the last seven years she has held the position of director of finance. Prior to that she held positions at Cushman and [...]
A rate cut could wipe £1.4bn off operating profits at the UK’s top banks August 4, 2016 Profits will be decimated at the UK’s top banks if, as widely expected, the Bank of England cuts interest rates to a historic low of 0.25 per cent today. New analysis by the banking practice of consultants Simon-Kucher and Partners predicts that lower rates would wipe £1.4bn off the operating profits at the UK’s top [...]
Pakistan have the edge but should be very wary of gritty England and their new ball August 3, 2016 The pendulum is swinging Pakistan’s way. The tourists have the edge after day one of the third Investec Test at Edgbaston but the clash is well set. If England bowl well with the new ball tomorrow morning it will be very hard work for the tourists. There is no doubt, however, that Pakistan will be the [...]
England refuse to hit the panic button despite being skittled out for 297 as Pakistan draw first blood in third Investec Test August 3, 2016 Defiant top-scorer Gary Ballance refused to be downbeat despite England being dismissed for 297 on the opening day of the third Investec Test against Pakistan at Edgbaston. Ballance chalked up a resolute 70 while sharing half-century stands with Moeen Ali, who notched 63, and James Vince after England were invited to bat in seamer-friendly conditions. [...]
Rio Tinto share price falls as first half profits nearly halve August 3, 2016 Shares in Rio Tinto fell 0.70 per cent to 2,424.50p per share today, after the miner's first-half profit fell to its weakest in 12 years. The figures: Rio's underlying earnings tumbled 47 per cent year-on-year in the first half to $1.56bn, from $2.92bn. This beat analysts' forecasts of around $1.46bn. Its efforts to shrink net debt also exceeded expectations, falling [...]
Next’s share price is riding high after its trading update – but analysts’ reactions are a mixed bag August 3, 2016 The markets have responded positively to Next's second quarter update this morning, after the company announced sales were up 1.8 per cent so far this year – but analysts' reactions have been mixed. Augustin Eden, a research analyst at Accendo Markets said investors "shrugged off a disappointing trading update" as Next's share price rose after the [...]
Skipper Alastair Cook tells middle order the only way to silence doubters is to score big runs as England prepare to face Pakistan August 2, 2016 England skipper Alastair Cook has urged his side’s faltering middle order to silence the snipers by scoring big runs during the third Investec Test against Pakistan at Edgbaston, which starts this morning. Questions have been asked of England’s batting unit after vice-captain Joe Root was promoted to No3 following Nick Compton’s decision to take an [...]
Anglo American jumps as its losses narrow in the first half July 28, 2016 Anglo American shares closed up 5.48 per cent to 843p this afternoon, after the embattled miner's losses narrowed in the first half. The FTSE 100-listed firm posted a net loss of $813 (£617m) in the six months to 30 June, more than two thirds less than the $3bn loss it recorded the same time a year ago. Underlying earnings fell [...]
Jake Ball, not Steven Finn, should replace injured all-rounder Ben Stokes for England’s pivotal third Test with Pakistan July 27, 2016 Head coach Trevor Bayliss was right to say the loss of Ben Stokes leaves a hole in the England side although the form of fellow all-rounder Chris Woakes, who is proving a real asset, can offset his absence. Stokes will miss next week’s third Investec Test against Pakistan with the calf injury he picked up [...]
Goodwood betting: Dettori gunning for more glory at Goodwood July 26, 2016 Frankie Dettori is approaching his 3,000th British winner and can get one nearer his target on GALILEO GOLD in the Sussex Stakes (Wednesday 3.10pm). The charismatic Italian has won this race on four occasions, but not since Ramonti in 2007 and this looks a good opportunity for him to end that run. Hugo Palmer enjoyed a [...]