Warm weather to cool Christmas sales at Marks & Spencer January 4, 2016 The mildest December on record combined with intense competition on the high street is expected to spell a gloomy end of the year for retailers, with Next and Marks & Spencer the first to unveil this week how they fared over the crucial Christmas period. The wet and mild weather, security fears in the aftermath of the [...]
Best of the Brokers for 22 December 2015 December 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BOOHOO.COM As the end of 2015 approaches, fast-fashion retailer Boohoo will be celebrating its first full year as a listed company, or perhaps taking some time for reflection following a profit warning in January. In its first coverage of the company, Shore Capital [...]
ITV and miners gain but FTSE finishes down – London Report December 22, 2015 LOSSES from Associated British Foods and Smith & Nephew during yesterday’s trading dragged the FTSE 100 index down, as ITV, Glencore, and Antofagasta surged. The UK’s top blue-chip index closed 0.29 per cent down at 6,034 points. ITV led the pack after it emerged Comcast’s NBCUniversal was reportedly bidding to takeover the home of Downton [...]
At the close: FTSE 100 index closes down despite gains by Glencore, Antofagasta, ITV December 21, 2015 The FTSE 100 index closed down today, as losses from Associated British Foods (ABF) and Smith and Nephew were not compensated by gains at ITV, Glencore and Antofagasta. The UK's top blue-chip index closed 0.29 per cent down at 6,034 points ITV led the pack after it emerged Comcast's NBCUniversal was reportedly bidding to takeover [...]
FTSE 100 index opens up as miners and ITV make gains while Associated British Foods, Rolls-Royce and Smith and Nephew fall December 21, 2015 The FTSE 100 index opened up this morning, as losses from Primark owner Associated British Foods (ABF) and Rolls-Royce were compensated for by gains at miners, BG Group and ITV. The UK's top blue-chip index was 0.64 per cent up at 6,052 points in early morning trading. BG Group was 0.97 per cent higher at 916.85p per share [...]
Brazil’s pain has no end in sight as impeachment proceedings against President Dilma Rousseff kick off December 8, 2015 The soap opera of Brazilian politics continues as impeachment proceedings against President Dilma Rousseff kicked off last week. After months of lobbying, petitions to have the President impeached were accepted by the speaker of the lower house, Eduardo Cunha, one of the most powerful sitting politicians. The charges (which she denies) are that [...]
Marks and Spencer, Carlsberg, Young & Co Brewery: Best of the Brokers for 13 November 2015 November 13, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MARKS AND SPENCER RBC Capital Markets liked what they saw at Marks & Spencer’s summer season 2016 clothing preview so much, they made the retailer RBC’s “top pick” with a target price of 700p. The broker said he was encouraged M&S was [...]
Best of the Brokers for 11 November 2015 November 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com COMPAGNIE FINANCIERE RICHEMONT RBC Capital Markets has reiterated its “outperform” rating and €90 target price despite the broker reducing its 2016-17 earnings per share forecasts by around five per cent, reflecting a more difficult outlook in the second half of the year [...]
What’s in a name? Barclays has a knack for nomenclature November 5, 2015 There’s been a reshuffle on the boards of private wealth management consultancies this week. Head of strategy at RBC George King IV (not to be confused with British monarch King George IV) has moved to MASECO as a director. This particular King comes with some major financial credentials – he’s done stints at Barclays, Credit [...]
City Moves for 5 November 2015 | Who’s switching jobs November 4, 2015 RIDGEWAY PARTNERS The executive search firm has appointed Toby Crosthwaite as a partner. He joins from Russell Reynolds Associates, based in Singapore and London, where he worked on appointments in the insurance sector. In his new role, Crosthwaite will cover work in life insurance, general insurance, and reinsurance. RUSSELL INVESTMENTS Sarah Leslie has been appointed [...]