Best of the Brokers for 16 July 2014 July 16, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com HUNTING Goldman Sachs has downgraded to “neutral” from “buy”, reducing the target price to 900p from 965p. The broker thinks that Hunting is well positioned to benefit from strong activity in US onshore, but said the appreciation of sterling against the dollar could [...]
London house price growth slows down for third consecutive month January 13, 2015 Growth in the London and wider housing market continues to slow down, new data has revealed. Data from the Office for National Statistics (ONS) reveals average London house prices grew 15.3 per cent in the year to November 2014, down from the 17.2 per cent recorded in October. In the UK as a [...]
General Election 2015: Virgin Money CEO Jayne-Anne Gahia wants a strong leader who will back business April 13, 2015 ELECTION COUNTDOWN 23 DAYS Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. JAYNE-ANNE GADHIA: CEO VIRGIN MONEY I will vote for the party who has the strongest leader. Leadership is essential for success [...]
How did they do it? The strategies of the world’s greatest investors June 18, 2015 WARREN BUFFETT THE MOST SUCCESSFUL INVESTOR EVER Now aged 84, Nebraska-born Warren Buffett was the most successful investor of the twentieth century. Known as the “Oracle of Omaha” for his wisdom, at one point he was the richest man in the world with an estimated net worth of $71bn. Buffett is a [...]
From Field Day to the Chelsea Fringe, the best of summertime in London June 4, 2015 The summer season is finally upon us! This means music festivals, rooftop drinking and lounging around in the park. Don’t wait for the weather to arrive, take advantage of all the adventures you can have outdoors this weekend Field Day Saturday and Sunday, Victoria Park, fielddayfestivals.com This may have been Field Day’s [...]
The mansion made for Versace where Mayfair meets Milan March 12, 2015 Many houses are marketed as a fusion of the old and the new, east meets west or even luxury meets shabby chic. But 50 Charles Street is a rare fusion of Mayfair mansion and Milanese palazzo. This unusual combination is the result of one of London’s most ambitious conversion projects, designed to woo one of [...]
House prices climb over winter February 5, 2015 THE HOUSING market boom that saw price growth peak at 10.2 per cent year-on-year in July may not be over, according to one of the UK’s biggest mortgage lenders. House prices jumped two per cent in January – the biggest monthly increase since 2009, figures released yesterday by Halifax show. The average house price in the [...]
Argent and Related announce UK development joint venture March 2, 2015 BRITISH developer Argent and US- based real estate and investment firm Related have combined to form Argent Related. Both firms will exclusively conduct all future UK projects through the joint venture. One of those projects will be the south side of the new Brent Cross shopping centre in north west London. Argent and its joint [...]
City Moves for 13 April 2015 | Who’s switching jobs April 12, 2015 Cunningham Lindsey The claims management and third party administration services provider has appointed Mark Thompson as global head of major and complex loss, and chief executive of Cunningham Lindsey International. He has over 20 years’ experience managing loss adjusting and insurance forensic accounting. LME The London Metal Exchange has appointed Andrew Dodsworth as head of [...]
Balfour Beatty developing the Olympic Village March 2, 2015 BUILDER Balfour Beatty will move into property development with a deal to construct 1,500 homes at two new neighbourhoods at the Olympic Village site. Balfour has agreed to put in half of the equity required to complete the project – about £35m – and carry out the building work, which is expected to generate £400m [...]