How much does a house in the UK really cost? April 15, 2014 Buying a home in the UK will set you back £235,000 on average, according to the latest figures published this morning by the Office for National Statistics (ONS). “But hold on a minute,” I hear the news-hounds among you say. “Yesterday I read that it was much higher than that.” And indeed you may have. [...]
Barclays hires Crawford Gillies to head up its remuneration panel April 14, 2014 BARCLAYS is set to hire City heavyweight Crawford Gillies to chair the board’s remuneration committee in a move that could defuse a simmering row over bankers’ pay. The appointment of Gillies as a non-executive director is likely to be announced today, according to a Sky News report. Gillies, who is already a director for Standard [...]
Land Rover is a 4 x soar with new Virgin tie-up April 14, 2014 WE ALL know Land Rover is an all terrain vehicle, but now the car-maker is taking things one giant leap further by becoming Virgin Galactic’s first official partner. So does this mean our favourite Chelsea Tractors are to become moon buggies as well? Will they be sprouting wings and taking to the skies themselves? No, it [...]
What do Liberum Capital, George Best and the Highlands have in common? April 14, 2014 Liberum Capital has recently had quite the honour bestowed upon it. The stockbroker, based usually in the heart of the City at Ropemaker Place, is taking to the skies – kind of. Flybe has named one of its planes after it. It’s called The Spirit of Liberum. Troubled airline Flybe has just gone [...]
Watchdog set to probe BT’s fibre pricing April 14, 2014 BT IS PREPARING for a battle with the regulator to defend its wholesale pricing of superfast fibre to other operators such as Sky and TalkTalk. Last May TalkTalk complained to Ofcom, alleging that BT had been abusing a dominant position by making the wholesale price, that all providers pay, too close to its own fibre [...]
The week in brief April 14, 2014 OMD awarded £21m UK Disney media account OMD has won Disney’s £21m UK media planning and buying account (part of a wider review into Disney’s business in Europe, the Middle East and Africa). Havas Media will be responsible for local markets in Benelux, France, Italy, Spain and Portugal. Disney’s EMEA incumbent agency Carat is contracted [...]
Running your personal best time through the rainforest April 13, 2014 The day after the London Marathon, Kasmira Jefford tells us where to head for the next race IT IS is not yet eight in the morning but already the heat and humidity is cloying as I run down the long, red-earth road that skirts the south side of the Angkor Wat temple in Siem Reap, [...]
European rugby future resolved April 10, 2014 RUGBY UNION: The European Rugby Champions Cup is to replace the Heineken Cup next season, it has been confirmed. A second competition, the European Rugby Challenge Cup, will offer a route into the top tournament, while Italian and minor sides will take part in a qualifying competition. BT and Sky are set to share rights.
Best of the Brokers for 10 April 2014 April 9, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com KINGFISHER UBS has boosted Kingfisher from a “neutral” to a “buy” rating with its target price rising from 440p to 470p. The broker believes the home improvement retailer’s proposed deal to buy the French hardware firm Monsieur Bricolage could boost earnings per share by [...]
Why one analyst is so bearish on BT April 9, 2014 BT’s shares have been cooling for the past month, falling around 10 per cent, and now broker Bernstein has downgraded BT to “market-perform” on fears it may overspend on upcoming Premier League auction. “BT's ambition in TV is clear, what is not is how far they are willing to push Sky in the next round [...]