Best of the Brokers for 27 November 2013 November 26, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com HALFORDS UBS has a “buy” recommendation on the bike and car parts retailer and has raised its price target to 530p from 435p. The broker said that Halfords is beginning to improve its specialist credentials but the majority of the turnaround plan is [...]
Firstgroup set to appoint new chairman December 5, 2013 FIRSTGROUP is set to hire Aviva chairman John McFarlane to take the same role at the transport group, replacing Martin Gilbert. FirstGroup is expected to make an announcement today, according to Sky News. Gilbert said he would step down following First’s fundraising in May. He’s been at the firm since its 1995 foundation.
City Moves for 05 February 2014 | Who’s switching jobs February 4, 2014 Trowers & Hamlins The law firm has announced the appointment of Simon Owen as a partner in its banking and finance division. He was most recently at Squire Sanders, where he was a partner in its banking team and head of its banking practice before the Squires merger. Julius Baer The private banking group has recruited [...]
How Britain can unlock private capital for infrastructure April 8, 2014 WALK into China’s state planning agency in Beijing and you can pick up a 40-page guide to potential investment opportunities in the UK. That may seem like a small thing in itself, but it's yet another smart move by a commercially-savvy Treasury team bent on banging the drum for inward investment. Chinese investors have never [...]
Smith hopeful O’Connor will stay with Irish January 5, 2014 LONDON Irish director of rugby Brian Smith intends to pull out all the stops to keep hold of full-back James O’Connor after the Australian’s latest masterclass. O’Connor scored his first Exiles try and kicked 17 points in Saturday’s 22-9 triumph over Worcester Warriors. The 23-year-old joined the club in October and while he is already [...]
The pensions revolution March 19, 2014 City stunned as chancellor unveils greatest overhaul of savings for a generation A SWEEPING reform of the UK’s pension system that will revolutionise the way Britons save for retirement was cheered by campaigners yesterday, despite investors wiping billions of pounds off the value of the pension industry over fears that profits could be hit. The changes, [...]
The Queen’s list honours the City January 5, 2014 THE NEW Year’s Honours List of OBEs, CBEs, Knighthoods and everything in-between contains more decorations than Claridge’s Christmas Tree, and this year the City had a number of notable inclusions. Former Bank of England deputy governor Paul Tucker got a knighthood, as did former Lord Mayor Roger Gifford, while chair of Land Securities, Alison Carnwath, [...]
F&C snapped up by Canadians in £700m deal January 28, 2014 ONE of the City’s oldest fund managers was acquired by Canadian financial giant Bank of Montreal yesterday, despite a top F&C shareholder delaying its backing for the deal. F&C Fund Management, which traces its roots back to 1868, said it had agreed to the 120p a share offer from Bank of Montreal’s Canadian backer BMO [...]
Haskell targets regular place in Wasps’ line-up November 21, 2013 WATCHING rather than playing for England has been tough for James Haskell, who is determined to avoid a repeat at London Wasps. The back row has been plagued with tendinitis for more than a decade, but having featured for Wasps in the LV= Cup recently is desperate to win back his place, starting with Sunday’s [...]
Fired-up Sarries aiming to heal last year’s scars January 23, 2014 WITH Saracens’ three heartaches last season still fresh in the memory, lock Mouritz Botha insists everyone at the club is determined to ensure history does not repeat itself – starting with the LV= Cup. Despite promising so much, Sarries finished empty handed last term, losing at the semi-final stage of the Aviva Premiership, Heineken and [...]