What you need to know before the open April 30, 2014 A slightly lower open is expected in Europe this morning, as earnings results continue to come in and investors look to economic data from both sides of the Atlantic. Growth data from the US could well show a weaker number after the freezing winter, and after that we’ve for the Federal Reserve’s rate decision. A [...]
What the other papers say this morning – 30 April 2014 April 29, 2014 FINANCIAL TIMES Borrowers driven to shadow banks A US regulatory crackdown on the $600bn leveraged loan market is driving borrowers to alternative lenders known as “shadow banks”, according to market participants. Bankers said the Federal Reserve and Office of the Comptroller of the Currency had stepped up their policing of the market, which provides financing [...]
Analysts predict price cuts at Sainsbury’s April 29, 2014 Analysts at Deutsche Bank issued a positive note on Sainbury’s today ahead of its full-year results next week, arguing that the supermarket group could be a relative winner in the sector compared to its rivals but warning that it will have to join them in slashing prices to stay ahead of the game. The [...]
Property firms circle Lend Lease’s £550m Bluewater stake April 28, 2014 Some of the UK property industry’s biggest players are circling Lendlease’s £550m cent stake in Bluewater shopping centre in what could become a heated battle for the prized site. British Land, Land Securities, Hammerson, Westfield, Intu and M&G Real Estate are reported to have all lodged initial expression of interest in the Kent shopping centre, [...]
What you need to know before the open April 28, 2014 European markets are expected lower this morning, hit by further sanctions being set out by G7 nations against Russia. Officials have accused Russia of deliberately exacerbating the current situation in Ukraine. Further travel restrictions and asset freezes on a further 15 individuals are expected to be imposed by the EU today. The lift markets got [...]
Asian markets tumble as Russia sanctions loom April 28, 2014 Asian markets are in retreat after a lacklustre performance on Wall Street and western nations prepare to impose further on sanctions on Russia in wake of heightened tensions in Ukraine. Representatives from all 28 EU member states will meet today to impose travel restrictions and asset freezes on a further 15 influential Russians, according to [...]
What the other papers say this morning – 28 April 2014 April 28, 2014 FINANCIAL TIMES Pfizer renews interest in AstraZeneca Pfizer, the US pharmaceuticals group, has renewed its interest in a takeover of UK rival AstraZeneca, in what would be one of the global drugs industry’s largest ever deals. The US group approached AstraZeneca, which has a market value of £51.5bn, within the last week and could make [...]
Dixons chief is appy with his sons’ creation April 28, 2014 SHOULD being the chief exec of electronic giant Dixons ever fail Sebastian James, the retail boss has some incredibly enterprising progeny to step in and support him. Despite being just 14 and 13, James’ teenage sons, Arthur and Alfie have just launched their first app on the Apple store, called Zorg Jump. “I’m so proud [...]
Advisers run rule over goggle maker Zoggs April 28, 2014 SWIMMING goggle maker and swimwear retailer Zoggs could be sold after its financial bankers appointed advisers to conduct a strategic review of the business. Zoggs is controlled by The Kendal Group, which is understood to have recruited corporate finance adviser McQueen to look at its options, which could include a sale, mergers or acquisitions.
The week in brief April 27, 2014 Sony in Made in Chelsea stint Sony will become the first product placement partner for E4’s reality TV show. The deal, brokered by Mediacom and Channel 4, will see six cast members using the Xperia Z1 Compact phone. Channel 4’s Rob Ramsey said: “Xperia Z1 Compact is a perfect PP partner.. The cast are socially [...]