Ignore the pessimists, equities are going up. Here’s why January 24, 2014 Peter Garnry of Saxo Bank is very optimistic when it comes to the future. Innovation is making things better for humanity, and Garnry thinks it's also makes things better for investors, because it pushes up the equity-risk premium "significantly". The chart below shows the S&P 500 performance (excluding dividends) since 1927. Performance is on a [...]
Highest court throws out legal challenge to High Speed Two January 22, 2014 CAMPAIGNERS against High Speed Two have lost their final legal appeal in the UK after two years of fighting the rail project in the courts – though one group pledged to appeal to the European authorities. Transport minister Baroness Kramer said the unanimous decision in the Supreme Court yesterday “fully vindicated” the government’s work on [...]
Army veteran tapping into the global gaming market January 12, 2014 Annabel Palmer talks Grand Theft Auto and going East with Paul Sulyok, founder of commerce platform Green Man Gaming COMPUTER games have come a long way since Spacewar! was created in 1962. Last year, Grand Theft Auto V took $2.2bn (£1.33bn) within its first week after launch – a feat even Hollywood’s biggest blockbusters would [...]
Disruptive technology isn’t a miracle: We can harness its future power now | City A.M. December 20, 2013 THE ASTONISHING rise of firms like Twitter (founded just seven years ago, yet now expected to float for $10bn), is often seen as a grand romantic narrative – an exciting story, difficult to predict. But transformation, disruption, and change should be easier to forecast. The only weapon we need is the deceptively simple power of [...]
The queen of Motown December 10, 2013 GENERAL Motors named Mary Barra as its next chief executive yesterday, making her the first woman to hold the top job in the firm’s 105-year history and one of the most powerful female figures in global business. Barra is currently a senior vice president at GM, responsible for global product development. She will replace current [...]
City Moves for 09 December 2013 | Who’s switching jobs December 8, 2013 Lombard The asset finance provider has announced the hire of Lee Simms as head of agriculture. He joined Lombard 10 years ago, and has since held various roles in sales and strategy. JP Morgan Private Bank Faraj Saghri has been named head of the private bank for the UK and Nordics. He has worked at [...]
HS2 bill begins its long route to the starting line November 25, 2013 THE GOVERNMENT kicked off years of parliamentary jostling over the High Speed 2 project yesterday by publishing the law needed to start building work. The hybrid bill was hailed as a major step forward by supporters and a vanity project by campaigners attempting to block the scheme. The bill sets out street by street the [...]
To Infiniti but probably not beyond November 18, 2013 This tech-heavy premium motor has an impressive array of gadgetry but fails to knock your socks off Performance first” is the motto of Infiniti, the premium car brand from the same company behind Nissan. You can tell it’s serious because, at the launch of its latest car in Barcelona, everyone from Infiniti is dressed like [...]
Who says green has to mean dull? November 11, 2013 The powerful and attractive new Porsche Panamera is a vast improvement on first generation hybrids PORSCHE has been selling its hybrid Panamera since 2011 but this is its first plug-in car. Its predecessor, like other first generation hybrids, had an absurdly limited electric-only range of just two miles, which meant its hybrid components only served [...]
The real McHoy October 20, 2013 Annabel Palmer talks to Sir Chris Hoy: Olympic athlete turned entrepreneur BRITAIN has caught the cycling bug. Close to 7m people hop on a bike once a month, a rise of 1m in four years. Not only are City professionals now donning full lycra for their daily commutes, but the craze has inspired entrepreneurial flair [...]