Best of the Brokers for 06 August 2015 August 6, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BODYCOTE FinnCap moved its recommendation on the heat treatments firm from “add” to “buy” after its recent interims. The broker said: “Despite some further underlying demand weakness expected in the second half, the resilience shown to date bodes well that obstacles can be [...]
Drinking wine can keep your brain 7.5 years younger, but only if you eat plenty of healthy foods, too August 5, 2015 Having a glass of wine a day contributes to a slowdown in mental decline, according to a study published in the Journal of the Alzheimer's Association. Read more: Robots are stealing our jobs: Next to go is the fine wine industry Scientists at the Rush University Medical Center in Chicago included the much-loved drink [...]
Cricket Comment: England must clinch Ashes this week as Oval will favour Aussies August 5, 2015 THIS Ashes is almost impossible to predict but I think England need to try and wrap it up at Trent Bridge this week. A drawn series would see Australia retain the urn and England don’t want to wait until the Oval, where I think conditions will favour the tourists. The ball swung around in the [...]
Go commando: Military tactics for businesses August 5, 2015 Invest in onboard training and establish a dynamic of trust While the aggressive nature of business is often wryly compared with armed conflict, commerce might do well to adopt some military practices. According to a working paper by the US National Bureau of Economic Research, chief executives with military experience were found to be [...]
Just Eat fends off rivals with surge in profits August 4, 2015 JUST Eat is gobbling up market share, with profits soaring by almost two thirds in the first half as more hungry customers flocked to its website. The online takeaway giant has been taking the UK and other countries by storm since it was founded 14 years ago, taking advantage of a market that was slow [...]
Just Eat earnings up 62 per cent as the digital food business keeps piling on the pounds August 4, 2015 Just Eat is gobbling up market share, with earnings up almost two-thirds in the first half of 2015 as the business says it expects at least two years of “over-performance”, The figures The digital food marketplace grew revenues 54 per cent to £107.8m in the six months to 30 June, while underlying EBITDA rose [...]
Bank of England braced for historic Super Thursday – London Report August 2, 2015 THIS WEEK includes s-called Super Thursday when the Bank of England’s policy announcement, meeting minutes from the monetary policy committee and the latest Inflation Report will – for the first time – all be released simultaneously. HSBC gets the week off with a bang today with interim results, Standard Life tomorrow and Legal & General [...]
The space age: Condeco’s Paul Statham talks trickle-down economics, expansion plans and why being a business leader feels so good August 2, 2015 Back in the early 1980s, the Statham family started an electronic security business in their garage. “We grew it into a fairly formidable company; we had 200 people working for us,” says Paul Statham, son, and now founder and chief executive of Condeco Software. The family sold Masco Security in 1999, in a multi-million pound [...]
Restaurant review: Is £38 the dearest burger in London? Sackville’s serves up x-rated food porn July 29, 2015 This week I ate a burger that cost £38. It was at new truffle-themed restaurant Sackville’s in Mayfair, and while it wasn’t the most expensive burger I’ve ever eaten – that dubious honour goes to Miami’s Bâoli which charged me $95 (£60) – it’s the most expensive I’ve had in this great city of ours. [...]
Bank of England’s Andy Haldane raises the stakes for UK companies as new speech challenges “shareholder-centric model” July 28, 2015 Bank of England chief economist Andy Haldane has stepped up his case for an overhaul of UK corporate governance with the publication of a surprising new speech. In the previously unpublished speech, first delivered at the University of Edinburgh in May, Haldane argues for a “fundamental re-rooting of company law” to challenge the “shareholder-centric company [...]