City Moves for 13 April 2016 | Who’s switching jobs April 13, 2016 Peel Hunt Peel Hunt, the independent corporate broking, advisory and trading house focused on UK mid and small caps, is pleased to announce the appointment of Simon Gardner-Bond (pictured) to the role of natural resources specialist sales, effective immediately. Simon joins from Investec Asset Management, where he worked for five years as a senior analyst [...]
WanDisco share price plummets despite narrowing losses and reducing costs March 16, 2016 Shares in the big data software company WanDisco have taken a dive on the (AIM) dancefloor despite narrowing its losses and reducing costs. Chief David Richards' confidence failed to reassure investors and shares slipped more than 20 per cent. Sales fell 48 per cent for the year to the end of December, but deferred revenue from multi-year contracts resulted in [...]
Glencore share price falls after sale of agriculture stake disappoints April 6, 2016 Glencore shares fell today, after investors were left disappointed by the commodities miner and trader's sale of a minority stake its agriculture arm to Canada's largest pension fund. Glencore today confirmed it had sold a 40 per cent stake in its agriculture division to the Canada Pension Plan Investment Board (CPPIB) for $2.5bn (£1.8bn). The Swiss group's shares had popped at the [...]
Circle Oil share price tumbles as it announces a strategic review March 15, 2016 Circle Oil shares fell 20.2 per cent to 2.10p this afternoon, after the embattled oil and gas explorer said it had appointed a Investec Bank to conduct a strategic review. The Aim-listed firm said it had extended the redetermination of its $57.5m reserve based lending facility with the International Finance Corporation to 15th April, with [...]
Celebrities are racing to be the ambassadors of Investec Derby March 18, 2015 THE STARS started shining on June’s Investec Derby Festival at Epsom with yesterday’s announcement of its 2015 celebrity ambassadors. And it’s the fourth year that City A.M. is the official newspaper of the Derby, the greatest flat race in the world. The ambassadors are a diverse lot: former Epsom champion Frankie Dettori, Olympic Gold medalist [...]
Roux Sr and Jr bring their Michelin-starred food to the Investec Derby at Chez Roux at Blue Riband May 19, 2015 Last year, the World’s Greatest Flat Race joined forces with two of the world’s greatest chefs – Albert Roux and Michel Roux Jr – for Chez Roux on the Prince’s Lawn, a partnership that brought Michelin-starred gastronomy to the Investec Derby. The father and son duo are set for a return, this time taking over [...]
Bank of England, Federal Reserve and Bank of Japan to err on the side of caution this week March 13, 2016 Three of the world’s major central banks are expected to take a cautious approach this week as they look to underpin economic growth amid rising global uncertainties. The US Federal Reserve’s federal open market committee will decide on Wednesday whether to lift interest rates for the second time since the 2008-9 recession. “Given market volatility [...]
Racing betting: So Mi Dar to call the tune in the Musidora May 10, 2016 Trainer John Gosden has saddled three of the last five winners of the Tattersalls Musidora Stakes (3.45pm) and he will be hoping to improve on that already impressive record on Wednesday afternoon. The Newmarket handler sends the unbeaten filly SO MI DAR to York on the back of a gutsy win against the colts in [...]
Premier Foods’ under fire from top shareholder over collapsed bid talks with McCormick April 13, 2016 Premier Foods' third biggest shareholder has slammed the company for failing to recommend McCormick's 65p per share offer to the board, after its American suitor walked away today. Paulson & Co, a US hedge fund that owns a seven per cent stake in Premier and has already locked horns with the company over its handling of the [...]
Investec Comment: How cheap oil is boosting small businesses April 12, 2015 THE extraordinary decline in the price of oil has been one of the most important economic stories of the past year. Brent Crude fell from over $110 per barrel in June 2014 to below $50 in January 2015, slumping to multi-year lows. Prices have increased marginally since then, but with factors like the interim deal [...]