Wall Street big guns fail to fire up the market – New York Report January 27, 2015 DISAPPOINTING results from a number of bellwether companies dragged Wall Street down yesterday. Company results pointed to weakening conditions, while an unexpected decline in durable goods orders also weighed on sentiment. The day’s losses were broad, with nine of the 10 primary S&P 500 sectors lower on the day, though tech was the biggest drag [...]
After the economy lost momentum in the fourth quarter of 2014, should the UK fear a slowdown? January 27, 2015 Nancy Curtin, chief investment officer of Close Brothers Asset Management, says Yes The figures for the fourth quarter point to UK growth losing pace, and we are likely to see this continue into the first half of 2015. Economic growth remains too imbalanced. While improved consumer spending is supporting a buoyant services sector, production and construction [...]
Foxtons share price falls as revenues drop 12 per cent January 27, 2015 The figures Not a good day for Foxtons shareholders. Shares fell 2.4 per cent in early trading as the upmarket estate agent – known for its trendy Minis and even trendier, bar-like offices – has posted fourth quarter results showing revenues fell 12 per cent in the three months to the end of December. That was [...]
Post Office Money plans price war to take ground from banks January 26, 2015 THE POST Office yesterday launched a new push to take ground from the big banks, announcing it wants to be a “leading financial services provider” by 2020. It is rebranding its range of financial products as Post Office Money, in a bid to unify its brand, much of which is provided by Bank of Ireland. The institution [...]
Bombardier sells military aviation training business to CAE January 26, 2015 Aerospace giant Bombardier has agreed to sell military-training business to CAE for $15.9m. The company plans to use the money to focus on its core business. Bombardier's military aviation training business consists of 200 employees supporting NATO training in Canada. Bombardier is the world's only maker of both plains and trains and is headquartered in [...]
City Moves for 26 January 2015 | Who’s switching jobs January 26, 2015 Spencer Ogden The energy recruitment specialist has announced two appointments. Brad Lewington (pictured) has been promoted to director of Europe, the Middle East, and Africa, alongside his existing position as head of Asia Pacific. Kristen Zeilerbauer becomes managing director in London. Renaissance Capital The investment bank has announced the appointment of Seki Mutukwa to its [...]
Post Office to challenge major banks for top spot in financial services January 25, 2015 The Post Office is in for major changes this week as the aged company sets its sights on one of the top spots in Britain's financial services industry. According to Sky News, the Post Office is hoping to become one of the country's leading financial services providers and will announce on Monday its plan to [...]
Christie’s 2014 sales go down in art history January 20, 2015 THE WORLD’S leading art business and auction house Christie’s yesterday reported art sales of £5.1bn for the year ended December 2014, the highest such figure of any art company in the history of the market. The total was a was up 12 per cent year-on-year, driven by growth in all the company’s activities and across [...]
Update: Paris hostages freed after gunman hands himself in January 16, 2015 Update: A gunman who took two people hostage in a post office in the Paris suburb of Colombes today has handed himself in to police, with the siege ending without injury. According to French newspaper Liberation the "unbalanced" man, who is believed to have been armed with a Kalashnikov and handgun, had no connection to [...]
Cineworld finance boss Philip Bowcock on the relevance of cinema in the digital age January 14, 2015 The art of cinema and the movie business are now at a crossroads,” Martin Scorsese, the veteran filmmaker, wrote in an open letter published in the Italian magazine L’Espresso last year. “In the future, you’ll probably see less and less of what we recognise as cinema on multiplex screens and more and more of it [...]