Best of the Brokers for 9 October 2014 October 8, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com EUROMONEY INSTITUTIONAL INVESTOR Westhouse securities has reiterated its “neutral” rating. It reduced its target price from 1,090p to 1,063p. It added that Euromoney’s pre-close update contained no real surprises, but confirmed that challenging trading conditions in banking and foreign exchange continued to constrain [...]
From Building Public Trust to European Diversity, the award for night with most awards held goes to… October 2, 2014 There’ll be some sore heads and award-laden pockets around the City this morning as its firms were treated to a variety of award ceremonies last night. PwC’s Building Public Trust awards took place on Park Lane, where four gongs were handed out recognising excellence in corporate reporting (no more pertinent an award in light of [...]
Fan’s attempt to give Red Bull its wings back fails to get off ground October 13, 2014 Following last week’s devastating news that Red Bull doesn’t give you wings and the drink brand’s subsequent $13m settlement for misleading advertising, one fan has taken into his own hands to cheer up the energy drink company. Davey Kulter set up a crowdfunding Indiegogo campaign to “give Red Bull its wings back”. He [...]
Best of the Brokers for 29 August 2014 August 28, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com N BROWN GROUP Investec has kept a “buy” rating, but cut the target price to 520p from 550p. The broker thinks while there are a plethora of new initiatives, the benefits from the implementation of a more retail and marketing-led trading strategy are [...]
Exclusive: CMC Markets plans more growth before IPO November 6, 2014 Online trading firm CMC Markets could float this time next year if the group grows as planned, chief executive Peter Cruddas told City A.M. yesterday. “I expect we can triple in size in the next five to seven years. I would be disappointed if we didn’t,” he said. “We are looking at a flotation, but there [...]
Giraffe restaurant’s co-founders Juliette and Russel Joffe quit July 28, 2014 Giraffe’s co-founders Juliette and Russel Joffe quit their jobs at the restaurant chain yesterday, just over one year after they and fellow founder Andrew Jacobs sold the chain to Tesco. Jacobs is staying on in his job, while the Joffes will continue some work with Tesco in a consulting capacity. Giraffe has 60 sites, including [...]
Pumpkin shortage threatens to ruin Halloween October 30, 2014 If you've left it until today to pick up a pumpkin to carve for Halloween, you might be out of luck. Owing to what farmers have described as the worst harvest in years, some shops have started reporting that they have sold out of the seasonal squash. Apparently it is this year's wet [...]
Supermarkets sweep to the bottom of FTSE – London Report October 1, 2014 BRITAIN’S top equity index fell yesterday to its lowest closing level in nearly six months, as a new slump in the shares of supermarket retailers hit the market. The sentiment was also hit by news that Britain’s manufacturing grew at the slowest rate in 17 months in September as demand weakened at home and in [...]
Banks lead the pack as FTSE bounces back – London Report October 6, 2014 GAINS in major bank stocks led Britain’s benchmark equity index higher yesterday, and troubled supermarket group Tesco rose after new board appointments. The blue-chip FTSE 100 index, which fell to its lowest closing level in nearly a year last week, closed up by 0.6 per cent, or 35.74 points, at 6,563.65 points. Among the financials, [...]
Darin Brown of WPP agency POSSIBLE on digital-focused advertising and the rise of gamification September 14, 2014 WPP has been rapidly building up its digital presence in recent years, partly by acquiring smaller agencies worldwide and folding them into POSSIBLE. Darin Brown, POSSIBLE’s Europe, Middle East and Africa chief executive, talks to City A.M. about creating digital-focused advertising, and why brands are increasingly looking at interactive campaigns. You’ve worked on both [...]