AO World’s share price rises as chairman Richard Rose reveals plans to step down March 3, 2016 AO World's non executive chairman Richard Rose is to step down from the board after eight years at the electrical retailer. Rose will stay on the board until a successor is found, most likely in time for the AGM in July. The company's senior independent director, Brian McBride, will lead the nominations committee process to find a [...]
Near-doubling of gains at McBride sends shares higher February 5, 2015 SHARES in McBride surged yesterday as profits at the company almost doubled in the last six months of 2014 Growth in Germany derived from prior year business wins was offset by a weaker performance in Italy and Spain and subdued revenues in UK and France. The company, which specialises in making household and personal care [...]
Cleansed at the National Theatre and A Girl Is a Half Formed Thing at the Young Vic reviewed February 25, 2016 Cleansed Dorfman (National Theatre) | ★★★☆☆ I was going to start this review by saying Sarah Kane’s Cleansed has lost a little of its shock value in the 18 years since it premiered. In this time the phrase “torture porn” has entered the popular vernacular and even your mum has probably seen The Human Centipede. [...]
Manufacturer McBride reveals savings of £12m in UK business January 5, 2015 BRITISH private label products maker McBride stated yesterday that it is on track to deliver savings of £12m by the end of June 2016 in its UK business, as a result of a continuing restructuring project. In a trading update, the firm said it had benefited from continued strong growth in Germany in the six [...]
Black Monday 2015 crash reaction: If the global stock markets start to panic, Twitter’s sure to follow suit… August 25, 2015 Suffice to say Twitter went into meltdown almost as quickly as the markets yesterday. Former top Treasury official Damian McBride kicked off the crazy yesterday morning with some helpful financial advice. “Get hard cash in a safe place now,” he urged. “Don’t assume banks and cashpoints will be open, or bank cards will work.” [...]
Asos share price falls as etailer confirms Nick Robertson to leave after 15 years; Nick Beighton to take reins September 2, 2015 Asos' share price tumbled this morning as the etailer confirmed boss Nick Robertson is stepping down as chief executive of the company he founded 15 years ago. Chief operating officer Nick Beighton will take on the reins with immediate effect. Robertson will stay on as a non-executive director. Beighton has been at Asos [...]
City Moves for 18 June 2015 | Who’s switching jobs June 17, 2015 BNP Paribas Investment Partners The asset management firm has appointed Matt Joyce as a portfolio manager within its multi asset solutions group. He joins from Schroders Investment Management, where he was a multi asset analyst and fund manager. Joyce has 12 years’ investment experience, and has also worked as an analyst and fund manager at [...]
Black Monday 2015: Don’t panic, the outlook after the stock market crash remains positive – despite volatility August 24, 2015 Yesterday’s dramatic moves in stock markets around the world, coming on top of the pronounced market volatility of recent weeks, will have concerned investors, with the lack of a single clear trigger making it harder to assess the potential for this volatility to be sustained. While the fluctuations we’ve seen over the last few [...]
Best of the Brokers for 09 July 2015 July 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS Panmure Gordon reiterated its “sell” rating on the food group, noting that while there is a positive investment case to be made based upon sustained roll out of Primark, the current valuation already implies double digit growth for the next [...]
City Moves for 12 June 2015 | Who’s switching jobs June 11, 2015 Standard Chartered Anju Patwardhan has joined the bank in the newly-appointed role of chief innovation officer. Patwardhan will become a member of the Standard Chartered’s technology and operations management group, and will oversee SC Studios, the bank’s innovation outpost in San Francisco. The experienced banker brings more than two decades of international financial services experience. [...]