London Report: China trade data surprise breaks FTSE’s losing run August 8, 2013 THE FTSE 100 benchmark equity index broke a four-day losing streak yesterday as forecast-beating trade data from China, the world’s biggest metals consumer, lifted mining stocks. China’s exports and imports both rose more than expected in July, in a tentative sign of economic recovery. The basic materials sector added 12 points to Britain’s FTSE 100, [...]
Croft out for season but career not over, says Leicester boss September 11, 2013 LEICESTER boss Richard Cockerill has played down fears that Tom Croft’s career could be in jeopardy after the injury-plagued England flanker was ruled out for the season just one game into the campaign. Croft has undergone knee surgery after a blow to the joint in Sunday’s Aviva Premiership opener against Worcester left him with a [...]
Best of the Brokers for 15 August 2013 August 14, 2013 JUPITER Cantor Fitzgerald keeps its “buy” rating and target at 431p following a placing by big investor TA Associates at 350p per share. The broker remains impressed by the fund manager’s cost control and prospects for a dividend. AVIVA Canaccord Genuity has upgraded the insurer from “hold” to “buy” and raised its target from 385p [...]
London Report: BP’s court win sees FTSE defy US shutdown October 3, 2013 THE FTSE 100 rose yesterday, boosted by heavyweight BP which won a rare legal battle related to its oil spill in the Gulf of Mexico, but ongoing US government shutdown uncertainty sapped momentum. Energy firm BP – the UK’s fifth biggest company by market capitalisation – rose 1.1 per cent after it won a legal [...]
London Report: Carney’s first inflation report in the spotlight August 4, 2013 NEW Bank of England governor Mark Carney will take centre stage this week as he announces the latest Quarterly Inflation Report, plus plans to adopt forward guidance on interest rates for the first time. Forward guidance would give the bank’s Monetary Policy Committee (MPC) a third method of influencing the economy, alongside interest rates and [...]
City Moves for 13 September 2013 | Who’s switching jobs September 12, 2013 Aviva Investors The investment management business has appointed Andrew Davey as assistant fund manager to its Lime Property Fund. He joined the company in 2007. Deloitte Real Estate Steve Johns has joined the real estate business to head its City leasing team. Johns previously spent 17 years at Cushman & Wakefield, and was most recently [...]
Win Boris’s signed cycle shirt July 30, 2013 THERE are only four days to go until Mayor of London Boris Johnson captains his very own Team Boris in the Ride London 100 race – a 100 mile cycle challenge around London and Surrey. Cycling on the Mayor’s team are City pedallers from the likes of Cazenove Capital, Barclays, Aviva, and Azure Wealth. And [...]
JLT eyes targets in the Middle East July 30, 2013 INSURANCE broker Jardine Lloyd Thompson (JLT) is looking at potential acquisitions to grow its business in developing markets, one of its top executives said yesterday. “We are actively looking to build our geographical reach,” Mark Drummond Brady told City A.M., highlighting the Middle East, Indian subcontinent and sub-Saharan Africa as growth areas. “We have a pipeline of [...]
Aviva eyes 120 job losses November 29, 2012 Insurer Aviva said yesterday it would shed about 120 jobs as it merges its dedicated property claims service into its existing claims centres. The staff affected are based in Sheffield, where Aviva’s Asprea property claims management service is headquartered, the insurer said in an emailed statement yesterday. Aviva is cutting costs and selling under-performing businesses [...]
Aviva disposes of US operations in £1.1bn deal December 21, 2012 Insurer Aviva today said it had agreed to sell its US operations for $1.8bn (£1.1bn). Britain’s number two insurer, which will dispose of its US operations to Athene Holding, will retain its US asset management operations. The sale forms part of an overhaul launched by Aviva in July to offload 16 businesses aimed at bolstering [...]