Cricket Comment: Root is now a master of all trades June 24, 2015 ENGLAND produced another eye-catching limited-overs performance when beating New Zealand in their T20 international at Old Trafford on Tuesday and Yorkshire’s Joe Root once again delivered with the bat. He has been on fire during the last 18 months or so since being dropped for the final Ashes Test at Sydney during the 2013-14 tour, [...]
Chil the kite could soar above rivals in Victoria Cup May 7, 2015 ASCOT’S card tomorrow looks tricky as it is without the imponderables of whether the rain will come and how many non-runners there could be consequently . The big betting heat is the Victoria Cup (3.45pm) and my two against the field are ZARWAAN and CHIL THE KITE. Zarwaan would be a really confident selection at [...]
City Moves for 17 March 2015 | Who’s switching jobs March 16, 2015 Investec Investec Investment Banking has appointed Serge Rissi as a director in its financial sponsor transaction group. He has 15 years of M&A experience, and most recently worked as a director at Quayle Munro. Rissi has also held roles at UBS Warburg and Hawkpoint. Rathbone Brothers The investment management firm has announced the appointment of [...]
Best of the Brokers for 24 March 2015 March 23, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com INVESTEC Numis reiterated its “hold” rating on the asset management group following its pre-close update. The broker said it had made some “very modest forecast changes” as a result of the update, with predicted earnings per share revised downwards, from 36.4p to 35.6p. [...]
Sanne share price rises 10 per cent on its first day of trading after IPO April 1, 2015 Shares in corporate administration provider Sanne Group surged on their debut yesterday, opening at 221p per share, a 10 per cent premium on its listing price. The company raised £142m when it floated last Friday in a move which valued the company at £232m. Previous majority holder Inflexion Private Equity said the initial public offer [...]
Troubled grocer Morrisons set for FTSE 100 demotion June 1, 2015 Morrisons is facing relegation from the FTSE 100 this month, having been earmarked for demotion by the stock market's committee. The troubled supermarket, whose share price has fallen more than 15.5 per cent in a year, is the company “nearest to the 111th threshold” to enter the FTSE 250, the London Stock Exchange said [...]
Rate hikes ahoy or time to batten down the hatches? What eight analysts think of today’s UK GDP figures July 28, 2015 It's official: UK GDP grew 0.7 per cent during the second quarter, meaning the UK has now had 10 consecutive quarters of growth. But is it all good news? And what does it mean for the future of interest rates, which Bank of England governor Mark Carney has strongly hinted will begin to rise "around [...]
City Moves for 13 February 2015 | Who’s switching jobs February 12, 2015 Institute of Directors Lady Barbara Judge CBE has been appointed as the new chair of the IoD. A trained commercial lawyer, she is currently chair of the Pension Protect Fund and the Energy Institute of UCL, as well as non-executive director of Portmeirion Group. Lloyds Bank Commercial Banking Lucy Barton has been appointed as a [...]
Mining groups push market up as Lloyds falls – London Report May 18, 2015 Britain’s top share index nudged higher yesterday, thanks to gains in major mining companies, but it was held back by falls in Lloyds and pharmaceuticals company Hikma. The FTSE 100 index gave up early gains to trade up 8.38 points, or 0.1 per cent higher, at 6,968.87 by the close. The index hit a high [...]
Barclays and ARM weigh on FTSE amid a little sun from TUI – London Report March 25, 2015 BRITAIN’S leading share index gave up early gains yesterday, led down by a late drop in chip designer ARM and a fall in Barclays after a broker downgraded the stock. The blue chip FTSE 100 index was down 28.71 points, or 0.41 per cent, at 6,990.97 points by the close, having hit a record intra-day [...]