Best of the Brokers for 02 June 2014 June 2, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ASOS N+1 Singer has lowered its target price on the online fashion retailer from 5300p to 4100p but maintained its “hold” rating on the stock. The broker is concerned that the group’s sales growth rate in overseas markets is under threat, and has [...]
Outside the box: SpaceWays founder David Fuchs talks unwanted cars, Mexico and sexiness October 26, 2014 Budding entrepreneurs will frequently tell you that it’s heartfelt passion driving them to set up a business. But the substance of many highly-successful companies isn’t all that exciting – think chipmakers, paper shredders, kebab boxes. “It’s not that I always dreamt of owning a storage business. Nobody does that. It’s not sexy to go [...]
What you need to know before the US open June 3, 2014 A lower open is expected for European markets this morning, as investors look towards inflation and unemployment numbers for the Eurozone. The prospect of new intervention from the European Central Bank, expected to be announced at its policy meeting this week, has been buoying market confidence. Asian counterparts moved higher in trading today, on the [...]
Work in Progress: Living in a postcard at One Tower Bridge July 11, 2014 While many new homes boast of their panoramic views across London, none are quite as iconic as the sight from One Tower Bridge. This landmark development from Berkeley is being built right next to one of the world’s most famous river crossings. It’s a mixed use site so, if you’re not planning on living [...]
London house prices: City closing in on West End’s values June 23, 2014 Residential property prices in the City are rapidly rising to match some of London’s most expensive areas, and could catch up with the costliest parts of the West End in just five years’ time. Typical house and flat prices in the City were 60 per cent lower than their equivalents in the ultra-prime areas of [...]
The sorry tale of forward guidance August 13, 2014 What remains of the Bank of England’s policy of forward guidance, launched just a year ago? In the light of yesterday’s Inflation Report, the answer has to be “not much”. The value of guidance from a central bank should be to provide a consistent and reliable indication of how it is thinking about its decisions [...]
So will Andrew Bailey be the lord of the ring (fence)? – Inside Track August 27, 2014 It is surprisingly easy to find bankers with positive things to say about Andrew Bailey, their chief regulator. By the end of the year, though, he could find that it isn’t only the weather that feels chillier whenever he meets bank executives. Already, the Prudential Regulation Authority (PRA) consultation on a new accountability regime [...]
Car auctioneer owner aims for listing hat-trick June 23, 2014 THE OWNER of British Car Auctions (BCA) is plotting another foray onto the London stock market, buoyed by the success of two similar share sales earlier this year. New York-based outfit Clayton, Dubilier & Rice, which bought BCA in February 2010, is on the verge of appointing half a dozen investment banks to bring the [...]
Create your grand design inside an Edwardian factory June 5, 2014 PROPERTY brochures are often packed with glossy computer generated images depicting pavement café culture at its peak on a summery afternoon in June. But the promotional material for Loud and Western on the Broughton Road in Fulham is stark and bare. The first four houses went on the market yesterday in what’s known in the [...]
Focus on… Ladbroke Grove: Feeling the love for Ladbroke Grove May 22, 2014 IT MAY be a small area, but Ladbroke Grove in west London is making a big impact on the property market. The area just north of Kensington and south of Paddington is a bustling collection of tree-lined streets packed with boutique shops, independent restaurants and Portobello Road Market. “It’s set itself apart from nearby areas [...]