Falling inflation set to prevent rate hike today January 7, 2015 CITY A.M.’s panel of economists have voted in favour of keeping interest rates at record lows of 0.5 per cent. Bank of England (BoE) officials will announce their latest decision at 12 noon today. The main concerns among our shadow monetary policy committee were inflation, growth and uncertainty. Inflation dropped to one per cent in November [...]
City Moves for 03 December 2014 | Who’s switching jobs December 2, 2014 Valad Europe The real estate investment manager has appointed Simon Marriott as head of UK real estate. He was most recently director in the real estate transactions team at PwC, and has also held roles at Oxford Properties, MGPA, and Invista REIM. Ontario Teachers’ Pension Plan Jo Taylor has been appointed managing director for Europe, [...]
SMPC votes 7-2 against rate hike November 5, 2014 OUR GUEST panel of city economists has voted strongly in favour of keeping the Bank of England’s policy rate at its record low of 0.5 per cent. The biggest concerns were low inflation – consumer price inflation fell to just two per cent in September – and further weak inflation in the coming months as [...]
City Moves for 10 September 2014 | Who’s switching jobs September 9, 2014 Northland Capital Partners The stockbroker has appointed Patrick Claridge as chief executive. He has over 30 years’ experience in the securities industry, and most recently worked at Merchant Securities. Claridge has also held senior roles at E*TRADE and TIR Securities. Chubb Insurance Jalil Rehman has been appointed chief executive of the insurance company in Europe. [...]
City A.M. shadow MPC votes 7-2 against interest rate hike October 8, 2014 Our panel of economists voted by a margin to seven to two to hold interest rates this month. The main concerns are Europe’s downturn, a lack of real wage growth in the UK and low inflation. However, a tightening labour market may signal higher inflation is round the corner, persuading some economists to [...]
Autumn Statement 2015: George Osborne’s speech transcript in full including stamp duty, business rates and corporation tax announcements November 25, 2015 Mr Speaker, this Spending Review delivers on the commitment we made to the British people that we would put security first. To protect our economic security, by taking the difficult decisions to live within our means and bring down our debt. To protect our national security, by defending our country’s interests abroad and keeping our [...]
Dismal Eurozone data adds to reasons not to hike interest rates September 3, 2014 Our panel of experts voted to hold interest rates again this week, with dismal data from the Eurozone adding to weak UK wage inflation as the major reasons mentioned not to tighten policy. The clear slowdown in the currency union has had little effect on hard economic data in the UK so far, but several [...]
RateSetter founders Peter Behrens and Rhydian Lewis talk banks, Australia and dwarves November 9, 2014 Ask the founders of a business if they’ve got a good setback story, and they’ll usually give you something fairly typecast. Not in the case of RateSetter. “Pete the painter,” answers Peter Behrens firmly, looking over to co-founder Rhydian Lewis. It seems completely off piste, but it actually shows that rumbling the status quo, [...]
Fog of war June 23, 2014 A new exhibition marks 100 years since the beginning of World War I From Robert Capa’s grainy pictures of the D-Day landings to Nick Ut’s photograph of the Vietnamese “Napalm Girl”, many of the 20th century’s most iconic images were taken in conflict zones. Some question the motives of war photographers – studies have shown [...]
Analyst Views: What did you make of Vodafone’s financial results? May 20, 2014 ROBERT GRINDLE | ESPIRITO SANTO 2015 is an interesting one… as the company makes substantial investments in order to make a clearer distinction between the quality of its network and the competition. Should this be achieved, then alongside an improving macro environment Vodafone shares should benefit. SIMON WEEDEN | CITIGROUP We expect the weaker guidance [...]