What you need to know before the open – 11/10 October 11, 2013 European markets are expected to build on yesterday's sizeable gains today, with asian markets seeing a three-week high, following US markets' second best day for the year. The optimism comes as debt talks get underway, with anticipation of a near agreement being made to extend the deadline for raising the US debt ceiling. Moreover, politicians [...]
Dividends under threat as firms struggle with slump in earnings October 2, 2013 NEW RESEARCH by the Share Centre has found that dividend cover, which measures earnings against dividends paid to shareholders, has fallen to a three-year low. A lower dividend cover ratio suggests that profits have fallen, making a cut in dividends more likely. A higher ratio indicates a healthier profit level. Though FTSE 350 firms have [...]
Lloyds to be best capitalised bank in the UK says JP Morgan September 27, 2013 Lloyds is to be the best capitalized bank in the UK by 2015 according to JP Morgan. Capital progress will be helped by deferred tax assets (DTAs), considering that Lloyds is number one in the UK for negative capital deductions from DTAs. The bank restates its preference for Lloyds over RBS and following its down [...]
New heights for Lufthansa with order for 59 Boeing 777s and Airbuses September 19, 2013 Airline Lufthansa has announced the purchase of 59 new planes: 34 Boeing 777-9Xs and 25 Airbus A350-900s. (Release) The new planes will join the 107-strong fleet, serving to replace older 747-400s and Airbus A340-300, which be phased out by 2025. Lufthansa's order totals €14bn (£11.7bn) to date with an overall list value of €36bn (£30.2bn) for 295 new aircraft [...]
City Moves for 23 August 2013 | Who’s switching jobs August 22, 2013 Kleinwort Benson The private banking and wealth management firm has appointed Gemma Woodward as head of charities. She has previously held various roles at Newton’s Investment Management, Lloyds Private Banking, and Henderson Global Investors Private Asset Management. Deloitte Mark Stephenson has joined the business advisory firm as head of its UK and Switzerland manufacturing industry practice. [...]
Dacia has made quality on a budget December 16, 2013 The good-looking Duster comes with an even more attractive price tag for money-savvy SUV fans BARGAIN motoring options are not usually part of the brief for this column. But budget brand Dacia has been shaking things up so much recently that it’s impossible to ignore. Once, the Romanian carmaker was making cheap cars for central [...]
Rich Ricci and Bob Diamond eye up investment in new exchange August 19, 2013 FORMER Barclays executives Rich Ricci and Bob Diamond could be reunited as investors in an upstart stock exchange based in the City, it emerged yesterday. Aquis, which is aiming to launch this October, yesterday confirmed that it had sold a 30 per cent stake to Warsaw Stock Exchange for £5m. But it is the identity of [...]
What the other papers say this morning – 22 November 2013 November 21, 2013 FINANCIAL TIMES Independence could lose sterling Scotland will be forced to quit the sterling currency union if it votes for independence next year, a cabinet minister has said, in the starkest warning yet for Scottish voters to remain in the UK. Speaking to the Financial Times days before the Scottish government releases its vision for [...]
Not convinced? August 19, 2013 HERE ARE THE ALTERNATIVES BMW X5 £60,830 The X5 xDrive M50d SUV model is BMW’s rival to the Range Rover Sport. Powered by a V6 diesel engine, it has an impressive power output of 381bhp but it’s a good deal faster with a spritely 0 to 62mph acceleration time of just 5.4 seconds. Its fuel [...]
The ultimate post-Christmas regime January 15, 2014 City A.M. journalist Alex Dymoke tries out a ten week body transformation regime WHEN I was 16, I swapped tennis and football for something altogether less taxing – drinking. Since then, the closest I’ve got to doing any kind of sport was a game of pub golf during freshers’ week. Occasionally I was enlisted as [...]