The Nominations: A very warm welcome to the shortlists for the City A.M. awards 2013 September 8, 2013 TODAY we kick off the countdown to this year’s City A.M. Awards with the first of the shortlists for an event that has rapidly established itself as a highpoint in the annual calendar. Our awards, now in their fourth year, celebrate all of the City’s main sectors and the people that make sure London remains [...]
London Report: UK retailers set to reveal if tills ringing again September 8, 2013 RETAILERS are set to reveal this week how big an impact the UK recovery is making as consumers return the shops. Reports from Dunelm, Home Retail, Morrisons, Next, Ocado and Sports Direct will show how confident buyers are in the improving economy. Ocado, which will update the market on Thursday, was rated a “buy” by [...]
Before the open – 05/09 September 5, 2013 It's central bank rate decision day across Europe, with both the Bank of England and European Central Bank announcing policy this afternoon. The FTSE is expected to rise slightly on news that the US is growing at a "modest to moderate" pace from yesterday's Beige Book update. #FTSE called up 20. Generally firmer tone for [...]
Before the Open – 02/09 September 2, 2013 There's some continued uncertainty as we head towards the open this morning. US President Obama's comments over the weekend have prolonged a decision over Syrian, keeping markets jittery. CMC Markets' Michael Hewson: Europe's markets look set for a positive start as oil prices fall back and economic data comes back into focus. We've got a [...]
Before the open – 30/08 August 30, 2013 It's the last trading day of the month – and it looks the FTSE will close down this August. The index closed at 6621.10 on 31 July, and saw its monthly peak the next day at 6682.00. Opening at 6483.05, it seems very unlikely that anything dramatic will happening on what looks to be a [...]
End of M: Doors of PR firm close for good August 29, 2013 THE EXODUS from M Communications, the top flight financial public relations agency founded by City veterans Nick Miles (pictured) and Hugh Morrison has finally come to a grinding halt, as the firm, for all intents and purposes, has now ceased trading. A mole told The Capitalist yesterday that the plug was being pulled today, although a [...]
Sainsbury’s sales boost retailer to a larger share of the market August 28, 2013 SAINSBURY’S has successfully raised its share of the market through 2013, with sales growing as other retailers slip behind. In the 12 weeks to 18 August, Sainsbury’s saw a 49 per cent hike in sales, when compared to the same period last year, rising from £3.86bn to £4.05bn. According to the figures, collected from 30,000 [...]
Before the open – 27/08 August 27, 2013 Markets are expected lower on Syrian turmoil and poor US data yesterday. US Secretary of State John Kerry described events in Syria as "a moral obscenity" and said that "by any standard, it is inexcusable and — despite the excuses and equivocations that some have manufactured — it is undeniable." The US saw durable goods [...]
Ocado and Sports Direct: better to arrive late than not at all August 26, 2013 Whenever bankers are asked to explain why London’s market for new issues – the IPO market – nearly collapsed altogether last year, they cite a number of factors that always include the poor performance of a number of high-profile flotations. The lists are long and varied but almost everybody’s bete noirs include Sports Direct, Mike [...]
London Capital One Cup tie previews August 26, 2013 Bristol City v Crystal Palace ■ FOUR-TIME semi-finalists Crystal Palace could hand debuts to summer signings goalkeeper Neil Alexander, plus defender Florian Marange and midfielder Elliot Grandin. Welshman Jonny Williams, 19, could also make his first start of the season for Ian Holloway’s team. Bristol City, without a league win this term, may hand a [...]