Ovo and Cheshire East Council launch new energy provider Fairerpower March 16, 2015 The UK’s first community energy supplier in over 60 years, a partnership between Cheshire East Council and Ovo Energy, opens for business today. The initiative has been facilitated by Ovo Communities which aims to help local organisations “cut out the middle man” and become an energy company themselves, overseeing everything from supply and generation, to [...]
City Moves for 16 March 2015 | Who’s switching jobs March 16, 2015 Axa Assistance UK The assistance services firm has announced the appointment of Anthony Bradley as chief financial officer. He joined Axa Assistance UK in 2002, and has served as underwriting analyst, senior finance analyst, financial controller, and most recently as deputy chief financial officer. Covington & Burling The law firm has announced the appointment of [...]
Best of the Brokers for 16 March 2015 March 16, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com FENNER FinnCap reiterated its “hold” rating on the manufacturing firm after a trading update which prompted the broker to reduce its forecasts for 2015 and 2016. Year-end debt has been increased to £160m in part due to dollar debt translation. Target price is [...]
All eyes on the Budget ahead of May election – London Report March 16, 2015 THE BUDGET, which will be delivered by the coalition government on Wednesday, will be the highlight of the week, as Britons look to see whether there will be any giveaways before the May General Election. Speaking on the BBC Andrew Marr show, chancellor George Osborne promised a long-term Budget with “no giveaways, no gimmicks”. “This [...]
US markets in a panic about Fed rate hike – The week ahead on Wall St March 16, 2015 US STOCK markets are in the midst of a “patient panic” ahead of Wednesday’s Federal Reserve statement, when many investors expect a change in the Fed’s language that would send the clearest signal yet that a rate hike is coming soon. The S&P 500 has fallen 2.6 per cent since February’s stronger-than-expected jobs report a [...]
The Conservatives have outlived their usefulness: It’s time for a southern party March 16, 2015 Us southerners are over-taxed, says Kelvin MacKenzie. We must fight back I FEEL gloomy about the outcome of the General Election. If you could choose your enemy in politics, I presume David Cameron would pick Ed Miliband ahead of anybody else on the Labour benches with the possible exception of that portly prat Tom Watson. [...]
London will only solve its housing crisis if we face up to Green Belt myths March 15, 2015 London has been the most successful global city in the last quarter century. The brightest young people wish to live here, and it is a world leader in countless fields – professional and financial services, higher education, culture and sport among others. London’s population growth is a direct result of its success. But unless this [...]
Should chancellor George Osborne use the Budget to deliver a pre-election giveaway? March 15, 2015 John Longworth, director-general at the British Chambers of Commerce, says Yes. The current situation in the UK lends itself well to the chancellor being able to deliver a pre-election giveaway. Public finances have improved in recent months, the outlook for the economy is relatively positive, as highlighted in our recent economic forecast, and the OBR [...]
IonStar founders Liz and Tim Hughes talk connecting City talent, lifeboats, piano lessons and how to make a real difference March 15, 2015 Like most couples, Tim and Liz Hughes got to the stage in life where they wanted to start a family. The challenge they faced was that, as successful professional people, they wanted to make the most of their skills and abilities – but also their family life. “Throughout my career, I’ve watched women above me [...]
How a startup can benefit from a hybrid investment strategy March 15, 2015 Different kinds of investors bring different kinds of value to the table. Striking the right balance between them is vital for any young business. At JustPark, I’ve now had exposure to four different types of investor: a corporate investor, an angel investor, a venture capital firm, and currently the crowd – the thousands of people [...]
