Weaker retail sales cast shadow over growth outlook for the US May 13, 2014 US RETAIL sales grew by a meagre 0.1 per cent in April, a shadow of the previous month when sales jumped by a revised 1.5 per cent. Sales in April were four per cent higher than a year earlier, the Commerce Department said, but still disappointed investors. Analysts at HSBC had expected sales “to turn [...]
US rebound evaporates as retail sales slump May 13, 2014 Not the number analysts were looking for. US retail sales grew by a meagre 0.1 per cent in April, a shadow of March's estimated 1.5 per cent leap (which has today been revised down to 0.4 per cent). Analysts at HSBC expected sales "to turn in a solid performance, as households continued to make up [...]
Why investors are fixated on just one number this afternoon May 13, 2014 It's a pretty sparse calendar for traders today, and one data point stands out head and shoulders above the rest. US retail sales numbers will be released at 1.30pm, and they'll help to decode a pretty messy picture. Their strength will give an indication of the strength of the US economy, now that it's clear [...]
City Moves for 13 May 2014 | Who’s switching jobs May 12, 2014 Canaccord Genuity Wealth Management The wealth management business has announced the appointment of Sasha Dabliz as head of marketing and communications. She was most recently at Schroders, where she worked on the integration of Cazenove Capital and Schroders Private Banking. Dabliz formerly held senior marketing roles at Brewin Dolphin and Killik, and also previously ran [...]
England miss out on fairytale as New Zealand clinch World Series May 11, 2014 ENGLAND beat Fiji to finish third in the Marriott London Sevens at Twickenham yesterday as they narrowly missed out on a fairytale ending to their HSBC World Series campaign. Defeat to Australia in the semi-finals cost the hosts the chance to repeat their pool stage victory over New Zealand, who won the event and clinched [...]
Analyst Views: What did you think of Morrisons’ first quarter performance? May 8, 2014 DAVE MCCARTHY | HSBC A seven per cent like-for-like decline is as bad a statement as we can recall. Morrisons is suffering from its own specific problems and from structural issues…If like-for-like sales do not improve soon, we could be facing another profit warning or downgrade. Things could get worse. MIKE DENNIS | CANTOR FITZGERALD [...]
HSBC in lead on swaps redress May 8, 2014 HSBC is ahead of the other big banks in contacting small firms who were mis-sold interest rate swaps, the Financial Conduct Authority said yesterday. The bank has sent outcome statements to 99 per cent of customers who opted into the scheme. Lloyds is next with 96 per cent, with Barclays at 78 per cent and [...]
Magnificent sevens to ride again May 8, 2014 Twickenham braced to host season finale to Sevens World Series AMID the exuberance and outlandish costumes it could be easy to forget that the Marriott London Sevens represents the business end of a gripping HSBC World Series season – and it is far from over. New Zealand may be in touching distance of winning the [...]
Monsters, face painting and cheerleaders May 8, 2014 HIGH-OCTANE rugby is not the only reason that 115,000-plus fans are set to flock to Twickenham for the climax to the HSBC Sevens World Series – there is also a host of off-field entertainment that contributes to the family-friendly carnival atmosphere. DRESS UP Fancy dress is a key component of the Marriott London Sevens experience [...]
The brutal circuits and watt bikes that lend England extra power May 8, 2014 PROWLER: it sounds like a new dating app, but is far, far nastier, and, it turns out, one of the many reasons why the England Sevens squad make the majority of professional athletes look like Mr Muscle. This piece of gym equipment – essentially a trolley stacked with weights – is just one element in [...]