CITY MOVES | WHO’S SWITCHING JOBS January 16, 2011 AllianceBernstein The global investment manager has appointed Wolfgang Kostner (pictured) to its distribution team. Having worked in London for Goldman Sachs Asset Management for nearly ten years in international marketing strategy, Kostner will now be based in Munich in his new role as vice president of strategic marketing and research. He will be concentrating on [...]
FASHION NEWS December 16, 2010 DUNHILL’S NEW DIGITAL COOL Alfred Dunhill has launched a new app called Day 8, a content hotspot for “images, articles and film housed within an online interface”, giving the Dunhill view of the world by showing the best of luxury and aesthetic taste. www.dunhill.com HUGO BOSS WRIT LARGE IN DUBAI Hugo Boss’s prominence in the [...]
BEST OF THE BROKERS January 11, 2011 BARRATT DEVELOPMENTS Panmure Gordon rates the housebuilder “buy” at a 147p target price as it believes the stock is the lowest-valued in the sector. It says Barratt has improved its operating performance, reduced costs and improved the quality of its offering since 2007, and the broker expects Barratt’s share price to rise to reflect this [...]
BEST OF THE BROKERS January 11, 2011 BARRATT DEVELOPMENTS Panmure Gordon rates the housebuilder “buy” at a 147p target price as it believes the stock is the lowest-valued in the sector. It says Barratt has improved its operating performance, reduced costs and improved the quality of its offering since 2007, and the broker expects Barratt’s share price to rise to reflect this [...]
Blacks sales in festive rise January 4, 2011 BLACKS Leisure said it had been boosted by sales over the festive period with total sales in its outdoor business up 12.9 per cent in December. Blacks confirmed that it is still in talks with parties – which it has not named – about a possible takeover of the company. Like-for-like sales were up 10.2 [...]
The UK’s largest housebuilder says the road to recovery will be long December 19, 2010 PERSIMMON chief executive Mike Farley is not looking for a magic bullet. The boss of the country’s largest housebuilder is clear that the sector has endured its worst slump since World War Two and faces at least a two-year road to recovery. The industry tends to listen when Farley speaks. Not just because he runs [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 21, 2011 FINANCIAL TIMES HEDGE FUNDS TOLD TO ACCEPT HIGH TAXES AS THE PRICE OF LONDON LIFE Hedge funds should accept higher taxes as the cost of doing business in London and stop threatening to move elsewhere, according to one of the world’s best-known copper traders. Michael Farmer, a Conservative party donor who runs the near-$1bn Red [...]
THE TIPSTER February 1, 2011 THE pound continues to push higher after positive manufacturing purchasing managers index (PMI) figures yesterday threw further doubt on the accuracy of last weeks poor fourth quarter GDP figures. Comments from the National Institute of Economic and Social Research (NIESR) that the Bank of England may have to raise rates three times by the end of [...]
THE TIPSTER February 1, 2011 THE pound continues to push higher after positive manufacturing purchasing managers index (PMI) figures yesterday threw further doubt on the accuracy of last weeks poor fourth quarter GDP figures. Comments from the National Institute of Economic and Social Research (NIESR) that the Bank of England may have to raise rates three times by the end of [...]
Cheery US data helps fuel a rebound for British markets January 26, 2011 BRITAIN’S top share index bounced back yesterday on hopes for stronger global growth after an upbeat speech overnight by US President Barack Obama and positive US housing data. The FTSE 100 closed up 51.50 points, or 0.9 per cent, at 5,969.21, after falling 0.4 per cent on Tuesday following news Britain’s economy shrank 0.5 per [...]