Global construction market to grow by 85 per cent to $15.5 trillion by 2030 November 10, 2015 The global construction market is expected to grow by 85 per cent to $15.5 trillion worldwide by 2030, new research shows, with China, US and India leading the way and accounting for 57 per cent of all global growth. The latest study from industry analysts Global Construction Perspectives and Oxford Economics predicts that growth in [...]
Doping claims leave Russia facing exile, as Wada report finds state-supported culture of cheating that “sabotaged” London Olympics November 9, 2015 Athletics chief Lord Coe has given Russia until the end of the week to respond to accusations by the World Anti-Doping Agency of systemic misuse of drugs, extortion and corruption – or face a ban. A report released yesterday by Wada’s independent commission called for Russia’s athletes to be suspended from all competition, potentially including [...]
Russia’s insurers are too driven by the motor market – S&P Emerging Market Insurance Forum November 9, 2015 Russia's insurance industry is overly dependent on motoring, creating problems as the market goes into decline, according to research from Standard & Poor's (S&P). At an emerging market forum hosted by the ratings agency this evening, the audience were told that motor hull was responsible for 22 per cent of insurance premiums in 2014, more than [...]
City Moves for 10 November 2015 | Who’s switching jobs November 9, 2015 BNP PARIBAS INVESTMENT PARTNERS The asset management division of BNP Paribas has announced the appointment of Laurent Gueunier as head of alternative debt management. He joins from Axa Investment Managers, where he was head of structured finance. Gueunier has also worked within structured credit at JP Morgan and began his career within commodities trading at [...]
Wada report calls for Russia to be banned from athletics for “deeply rooted culture of cheating” November 9, 2015 Russia should be banned from athletics for allowing a “deeply rooted culture of cheating” to fester, according to a bombshell report published today by the World Anti-Doping Agency (Wada). Wada’s independent commission also called for 10 individuals, including five athletes, to be banned from the sport for life, and said Moscow’s anti-doping laboratory should have [...]
Apple iPad Pro UK release date 2015 and price: When will iPad Pro go on sale and how much will it cost? The new 12.9-inch iPad will launch in 40 countries on Wednesday 11 November November 9, 2015 Apple fans, start your engines: the US tech giant has just announced the launch date of its monster, 12.9-inch iPad Pro. And you've only got a couple of days to wait… In a statement today the company said the iPad Pro will go on sale in stores and be available to order in 40 countries – including [...]
OECD cuts global growth forecast to 2.9 per cent as headwinds from emerging markets “greatly increase” November 9, 2015 The Organisation for Economic Cooperation and Development has cut its global growth forecast for 2.9 per cent. The Paris-based think tank attributed a "sharp slowdown" in emerging markets, which it called "deeply concerning". "Headwinds [in emerging economies] have generally increased, reflecting weaker commodity prices, tighter credit conditions and lower potential output growth, with the risk [...]
Britain needs to concentrate on high-growth markets instead of emerging economies – EY November 9, 2015 Britain should concentrate less on the emerging economies and more on high-growth markets if it wants to increase its share of global exports, a report by financial services company EY says today. Launched to coincide with United Kingdom Trade & Investment’s (UKTI) export week, EY Item Club’s analysis draws research undertaken over the past three [...]
Best of the Brokers for 09 November 2015 November 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com S&P Capital has maintained its “sell” rating on Coca-Cola HBC, despite healthy volume growth of 5.4 per cent reported in its third-quarter results. Negative currency impact led to a revenue decline in the third quarter year-on-year. Weakness in Russia has been noted as [...]
Alan Pardew urges Crystal Palace to use Liverpool win as springboard after Scott Dann’s late header ends Jurgen Klopp’s Anfield honeymoon November 8, 2015 Liverpool 1, Crystal Palace 2 Crystal Palace manager Alan Pardew urged his team to draw belief from their latest notable scalp after the Eagles brought an abrupt end to Jurgen Klopp’s Liverpool honeymoon. Defender Scott Dann’s 81st-minute header lifted Palace to seventh in the Premier League, two points off the top four, after Reds midfielder [...]