Inside Track: City’s tech industry hopes are wrapped up in Just Eat April 3, 2014 JUST Eat shares got off to a very decent start in unconditional trading yesterday in a deal that has demolished some people’s reservations about the London new issues market for technology stocks. Contrary to what a number of experts said at City A.M.’s roundtable on the new issues market last June, London does seem prepared [...]
Nutmeg scores an investment January 28, 2014 ONLINE wealth management company Nutmeg has scored a winning investment from the chairman of Saracens rugby club Nigel Wray. Nick Hungerford, chief executive and co-founder of Nutmeg who launched the company three years ago said of Wray: “He is one of the UK’s most successful entrepreneurs and has vast experience across different global markets.” Wray [...]
Best of the Brokers for 28 January 2014 January 27, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com SMITH & NEPHEW UBS has upgraded the medical technology group from “neutral” to “buy” with a target price raised from 780p to 1,000p. The broker is impressed by the popularity of S&N’s new knee replacement, and thinks the firm’s wound care product Santyl can [...]
Hate meetings? There are solutions April 22, 2014 You can’t escape the corporate meeting boom, but you can stop wasting so much time OVER a third start late, we lose the equivalent of 31 hours a month each because they’re unproductive, and many people hate them anyway. Meetings are the bête noire of corporate life and, according to one survey, 39 per cent [...]
Four ways to cut down on social loafing April 10, 2014 Delegating clearly and obeying the “two pizza rule” will help your team work more effectively FRENCH engineer Max Ringelmann was measuring the force exerted by workers pulling on a rope about a century ago. He noticed something interesting. When more men were added to the experiment, the pull on the rope didn’t increase proportionally. And [...]
3 ways Morrisons will change your supermarket March 13, 2014 Morrisons’ extensive and rapid loss last year, and its foreseeable future profit warning, perhaps put it ahead of other supermarkets in terms of how quickly it needs to change. But the changes it needs and is planning to make affect all mainstream supermarkets. Indeed, the shares of all of them have lost this morning on [...]
London Report: Insurance firms start a deluge of UK earnings February 23, 2014 A BUMPER week for UK earnings kicks off today with results from Hiscox, one of the big home insurers reporting full-year figures. Figures from Hiscox, RSA and Direct Line could give more detailed estimates of losses for UK industry and themselves after recent flooding and storms. Aviva and L&G are also set to give end [...]
ACCA Comment: Why post-crisis regulation has proved far from perfect May 14, 2014 Blunt tools must be replaced with more responsive solutions THERE is celebration in the air now that the UK has come out of recession strongly. However, is it too soon to get out the bunting? Yes, lessons have been learned from the financial crisis, and we are looking healthier as an economy. But there could [...]
Best of the Brokers for 10 December 2013 December 9, 2013 SUPERGROUP Numis retains its hold rating for Supergroup, with a target price of 1,100p, ahead of the firm’s half-year results on Thursday. Analysts said they continue to have concerns over the longevity of the brand in the UK, but it is hard to argue with the consistent like-for-like sales delivery. DOMINO’S PIZZA Panmure Gordon has [...]
Trinity Mirror appoints two new board members starting in 2014 December 19, 2013 TRINITY Mirror, publisher of the Daily Mirror and more than 100 regional titles, yesterday appointed two new non-executive directors to its board. Helen Stevenson and Lee Ginsberg will join the Trinity Mirror’s board from 1 January 2014. Stevenson was previously marketing chief at Yell and Lloyds TSB, and currently serves as a non-executive director at [...]