Glencore share price rises after chairman Tony Hayward buys more shares September 30, 2015 This is either a vote of confidence in the company's prospects, or a baby step towards a surreptitious management buyout – either way, one Glencore exec has decided to increase his stake in the commodities miner and trader today. Glencore chairman Tony Hayward has hoovered up an additional 100,000 shares at 91p per share, according to [...]
US-based Computer Sciences Corporation set to buy Xchanging in £480m deal, beating out a previous offer from Capita December 9, 2015 Business technology and services provider Xchanging’s board of directors today agreed to be purchased by US-based digital consultancy company Computer Sciences Corporation (CSC). CSC’s cash offer of 190p per share, which is worth about £480m, beat out an offer of 160p per share from outsourcing giant Capita, which had also shown an interest in buying [...]
Seven ways to sort out your finances and the best stocks to invest in March 30, 2016 Bank holiday season is upon us, and the end of the tax year is approaching too. With a few long weekends coming up, now is a good time to do some financial spring cleaning. Below are seven things you should do this springtime. 1. HIGHER EARNINGS: FOCUS ON MAXING OUT YOUR PENSION People earning over [...]
Best of the Brokers for 16 November 2015 November 15, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Numis raised their profit before tax and earnings per share forecasts for the 2016 and 2017 financial years “due to a combination of faster revenue growth, strong cost discipline and lower tax and interest charges.” They hike their target price for [...]
People, planet and profit: How to build sustainability into your business February 1, 2016 Every business wants to be sustainable – this is, by definition, about being set up to succeed over the long term. For a business to be truly sustainable, it is important to balance three priorities: people, planet and profit. We all rely on people and natural resources, and we’re looking to achieve a profit. If [...]
OneSavings Bank results: challenger bank reports a rise in its loan book November 4, 2015 Challenger OneSavings Bank reported a rise in its loan book for the first three quarters today, saying it continued to expect full-year growth to be a “few percentage points ahead” of the 29 per cent growth delivered last year. The specialist lending and retail savings bank first listed on the London Stock Exchange last year. The [...]
City Moves for 21 December 2015 | Who’s switching jobs December 20, 2015 HAMPSHIRE TRUST BANK Karen Brown and John Pollington have joined Hampshire Trust Bank’s Property Finance team as directors while Daniel Norman has been appointed as Property Finance Lending Manager. Karen, who has 12 years’ property finance experience, is based in Harrogate. Prior to joining Hampshire Trust Bank she ran her own training company and before [...]
Glencore share price ends sharply lower in race against time amid global commodities price rout September 28, 2015 After more than £2bn was wiped off Glencore today the company faces a race against time "As fears grew about the company's ability to withstand the prolonged rout in global metal prices." Shares in Glencore ended the day at a new record low, down 29.4 per cent to 68.62p per share in London. Other miners [...]
Best of the Brokers for 11 November 2015 November 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com COMPAGNIE FINANCIERE RICHEMONT RBC Capital Markets has reiterated its “outperform” rating and €90 target price despite the broker reducing its 2016-17 earnings per share forecasts by around five per cent, reflecting a more difficult outlook in the second half of the year [...]
Economists predict Bank of England will hold UK interest rates on Thursday November 1, 2015 Economists have predicted that the Bank of England (BoE) will keep interest rates at 0.5 per cent on Thursday. So-called Super Thursday will see the BoE release a range of information, including the interest rate decision, an inflation report and Monetary Policy Committee (MPC) meeting minutes. Dr Howard Archer, chief UK & European economist at [...]