FTSE quarterly review: Inmarsat’s share price tumbles ahead of expected relegation May 31, 2016 Inmarsat’s share price fell nearly four per cent today ahead of its expected demotion from the FTSE 100. The satellite services company is set to be replaced in the FTSE 100 by Hikma Pharmaceuticals. Read more: At the close: Brexit poll sends FTSE 100 down for the month While Inmarsat’s share price dropped to 719.5p, [...]
With diverging monetary policy and more political uncertainty, should investors expect 2017 to be the year that growth makes a comeback? January 3, 2017 This year is being heralded as a new dawn for markets. The economic malaise which has dogged developed economies since the financial crisis will finally subside; the battle against deflation has been won; fiscal stimulus is firmly on the agenda, and real growth will return. Such optimistic assessments may prove to be on the money. [...]
City Moves for 15 July 2016 | Who’s switching jobs July 15, 2016 CVC Capital Partners CVC Capital Partners has appointed Cathrin Petty partner and head of European healthcare. Cathrin will be based in CVC’s London office. She joins CVC from JP Morgan where she was head of healthcare in EMEA. Prior to this, she was a special partner at Vitruvian Partners and a partner at Apax Partners on their healthcare/life sciences [...]
More people want to work at Goldman Sachs than live in these six countries June 6, 2016 If you thought the market for jobs at top institutions was tough, take a moment to consider the prospects of any young student with hopes and dreams of working at Goldman Sachs. New figures reveal that an astonishing quarter of a million students have applied to the top investment bank for a position. And that's just this year [...]
Shadow MPC calls on Mark Carney to wait before pulling the trigger on another rate cut September 14, 2016 City economists have told Mark Carney to keep interest rates glued at their record low when the Bank of England meets today. City A.M.’s Shadow monetary policy committee (MPC) voted eight-to-one in favour of holding rates at 0.25 per cent, as experts said the governor and his fellow rate-setters should wait for more signs of [...]
City Moves for 5 July 2016 | Who’s switching jobs July 5, 2016 Bond Dickinson National law firm Bond Dickinson has appointed Charlie Reid as its new banking and finance partner in its London office. He joins the firm from Norton Rose Fulbright where he was a senior associate. Charlie gained experience in the London office of Morrison & Foerster developing its London banking practice for eight years. Prior to joining Morrison & [...]
Hedge fund boss Paul Marshall to make Brexit donation May 3, 2016 Hedge fund boss Paul Marshall is set to make a large donation to the campaign for the UK to leave the European Union. Marshall, a co-founder of one of the City’s most successful hedge funds Marshall Wace, will donate in excess of £100,000 to Vote Leave. Marshall only decided to hand over the cash in [...]
There is a 98 per cent chance the Bank of England will cut interest rates August 1, 2016 The Bank of England is almost certain to slash interest rates when its rate-setting monetary policy committee (MPC) meets for the second time since the EU referendum this week. Futures markets indicate there is a 98.1 per cent probability the MPC will cut rates to a new record-low of 0.25 per cent, slightly up on [...]
Before the bell: What you need to know before the US market open June 30, 2016 The Fed's stress tests were failed by two European banks further buffeting stocks hit by the Brexit vote, while Wall Street lenders have announced share-buyback plans. Here's what you need to know before the US market open at 2:30pm London time. Futures are pointing down ahead of the open, with the S&P off by 0.16 per [...]
Ding dong: Energy company set to announce plan for £8.5bn IPO May 11, 2016 Dong Energy is expected to announce its plan for an initial public offering (IPO) tomorrow. The flotation is expected to value the company around 80bn Danish crowns (£8.5bn). The majority state-owned utility company is Europe’s largest offshore wind farm developer and has a large operation in the UK, where it employs more than 700 staff. [...]