Why the Rugby World Cup’s economic impact is nothing to get excited about September 18, 2015 The economic benefits of international sporting tournaments to national economies have been loudly trumpeted, not least by sporting bodies themselves. Whilst UK investors might witness some short-term movement in the markets following the Rugby World Cup, history suggests that the true lasting value on the UK economy is likely to be limited. Yes, the [...]
Domino’s UK sales heat up October 2, 2014 DOMINO’S served up a strong set of UK results yesterday, reporting a 12.9 per cent like-for-like sales growth to £165.7m over the 13 weeks to 28 September. Despite the strong UK figures, chief executive David Wild said German sales, which fell 9.9 per cent during the same period to €2.5m (£2m), had disappointed. “Progress in [...]
RBS share sale: Detractors have forgotten what a terrible state the bank was in August 4, 2015 Just a few years afterwards, it seems people have forgotten how momentous the financial crisis was – and in what a terrible state RBS was. And while criticism of the chancellor for pushing ahead with the first sale of the government’s shares in RBS is politically appealing for some and taxpayers will not ‘get back [...]
Tory MP and Saracens chairman behind flotation of estate agents June 18, 2015 A UK ESTATE agency backed by Saracens chairman Nigel Wray and Tory MP Kevin Hollinrake yesterday unveiled plans for a £17m float on the stock market. Hunters, which has 153 mostly franchised branches across the country, will list on the alternative investment market at the start of July by selling 22.3 per cent of the [...]
Apple share price shockwave put markets on edge as tech company stocks tumbled July 22, 2015 Technology stocks across the globe fell like dominoes yesterday, feeling the aftershock from Apple’s tumbling share price. The California-based smartphone giant dropped by more than seven per cent in pre-market trading after releasing its results for the third quarter, and its shares lost another four per cent of their value throughout yesterday. US [...]
Greek minister says that Greece will try to bring more to the table in debt talks June 20, 2015 Greece will try to put new proposals to creditors in its ongoing negotiations for a debt deal, a Greek minister has said. Although time is running out for leaders to break the deadlock between Greece and its creditors, the country's state minister has said that Alexis Tsipras will likely speak with European Commission chief Jean-Claude [...]
Best of the Brokers for 13 May 2015 May 12, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com THE RESTAURANT GROUP Berenberg said The Restaurant Group now looks undervalued against peers such as Domino’s Pizza, Greggs and Patisserie Valerie and reiterated its “buy” recommendation. The broker also kept a target price of 800p on the stock, which it said offered an [...]
Apple Pay in the UK: These are the retailers and restaurants signed up for the July launch June 9, 2015 Some of the UK's biggest retailers are lining up to start accepting Apple Pay when it launches in the UK next month. As well as being able to use your iPhone or Apple Watch to seamlessly glide through ticket barriers on the Tube, the Silicon Valley giant has its finger hovering over the button [...]
Ageing population? Our passwords are getting old even faster… June 3, 2015 It's not just the UK's population that is ageing – our passwords are too. Half of us use passwords that haven't been changed for more than five years, while a quarter have failed to update them in more than a decade, a new study has revealed. And it seems it's mostly laziness that [...]
Will the Greek crisis hit your investments? Investors will be just fine July 7, 2015 As the Greek financial crisis rolls on for another week, many investors will be wondering whether the situation will have an impact on their portfolios. On the ground in Greece, the situation is little short of catastrophic. Banks have been closed for over a week and ordinary people are scrabbling around for cash to fund [...]