Lord Mayor celebrates silver anniversary with visit to vaults September 12, 2013 LORD Mayor of the City of London Roger Gifford and Lady Mayoress, Dr Clare Gifford paid a visit to the London Silver Vaults this week to mark the 60th anniversary of the world’s largest collection of antique silver for sale – right in the heart of the City. The collection of 25 silver shops is [...]
Move into the heart of city living October 24, 2013 Make a smart international investment or simply live among some of the world’s most famous landmarks There are certain things non-Londoners take for granted that seem like every-day miracles to those living in the capital. Walking to work is one of them – the morning commute is inescapable in the Big Smoke. You can also [...]
Barratt profits jump as their typical house price rises to £194,000 September 11, 2013 Barratt Developments hasn't just seen pre-tax profits jump (up from £100m to £104.8m in the year ended 30 June) but average selling prices too (release). Some solid numbers, and dividend payments are set to recommence (not new information). On that basis, CS are calling Barratt up one to two per cent on the open. A [...]
Wall St The Week Ahead: US markets are ready for cut in fiscal stimulus September 15, 2013 MONTHS of anticipation will come to an end this week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds. But for all [...]
Clifford partners pick Layton to lead global firm November 27, 2013 LONDON corporate lawyer Matthew Layton has been named as the next global managing partner of Clifford Chance, replacing David Childs when he steps down early next year. Layton beat two opponents to the post in the partnership vote, seeing off competition from fellow London partner Andrew Carnegie and Paris boss Yves Wehrli. Layton will begin [...]
Japanese brewer in talks to buy Glaxo’s Ribena and Lucozade September 5, 2013 JAPANESE group Suntory Beverage & Food is in advanced talks to buy Lucozade and Ribena from pharmaceuticals giant GlaxoSmithKline (GSK). A person close to the company told City A.M. that the two drinks brands are likely to be sold for between £1bn to £1.5bn and that a deal could be completed within days. However, the [...]
Nuclear deal brings Iran in from the cold November 25, 2013 OIL PRICES fell sharply overnight after Iran agreed to give up some of its nuclear ambitions and key world powers pledged to suspend certain sanctions. Brent crude oil shed $2.29 to $108.69 (£66.94) a barrel, its biggest daily drop in a month, while US oil dived $1.09 to $93.75 a barrel after the deal, which [...]
What the other papers say this morning – 25 November 2013 November 25, 2013 FINANCIAL TIMES Trafigura sells Puma stake for $500m Trafigura, one of the world’s largest commodities trading houses, has raised $500m from the sale of a 10 per cent stake in Puma Energy in a deal that makes a stock market flotation of its fast-growing petrol station and oil terminal unit less likely. The company, which [...]
New York Report: Wall St soars as Washington nears debt deal October 16, 2013 US stocks closed more than one per cent higher yesterday after Senate leaders said they had a deal to reopen the federal government and raise the debt ceiling, which would avoid the threat of a debt default. US Senate majority leader Harry Reid and Senate republican leader Mitch McConnell said senators had come to an [...]
Homebuilder confidence beats expectations August 15, 2013 Confidence among US housebuilders rose unexpectedly in August, according to data from the National Association of Home Builders (NAHB). The NAHB’s housing market index measures home sales and expected home building in the future, and rose to 59 from 56 the month before. Analysts had expected to see a slight fall to 56. Paul Diggle, [...]