City Moves for 10 August 2015 | Who’s switching jobs August 9, 2015 Deloitte The business advisory firm has appointed Alan Teixeira as global director of international financial reporting standards research. He joins Deloitte after spending 10 years at the International Accounting Standards Board, most recently as its senior technical director overseeing its research and development programme. Teixeira has also worked as general manager of standards and quality [...]
FTSE buoyant as China reassures global investors – London Report August 26, 2015 AFTER China cut interest rates to calm markets, Britain’s top share index posted its biggest one-day rise since 2011 yesterday, following turbulence that has rocked equities globally. The FTSE 100 rebounded, rising 182.47 points, or 3.1 per cent, to 6,081.34 points by the close after dropping to its lowest level since 2012 in the previous [...]
Notion that Rickie Fowler is the most overrated golfer on the PGA Tour is nonsense September 9, 2015 America's Rickie Fowler topped a poll of the most overrated golfers on the PGA Tour in May – what a load of nonsense. In the same week as that insulting poll he went on to beat Sergio Garcia and Kevin Kisner in a play-off to claim the Players Championship at Sawgrass in the most [...]
Is the Stock Spirits activist investor rebellion an omen of things to come? May 24, 2016 The shareholder showdown that has broken out between Stock Spirits and family office Western Gate Private Investments in the last two months may seem unusual from the outside. Western Gate Private Investments, led by Portuguese tycoon Luis Amaral, is an almost 10 per cent shareholder in the European drinks company. It successfully overrode the board to appoint [...]
Chinese economic crisis: China cuts rates as a pick-me-up after stock market crash August 26, 2015 Aftershocks from Monday’s chaos rippled through global markets yesterday, with shares bouncing back in parts of the west and China providing a shot in the arm for its battered trading floors and wavering economy. Following the worst worldwide stock market rout in years, the FTSE came out fighting and recorded its biggest one-day rise [...]
Deutsche man in Hong Kong crash June 10, 2015 BRITISH trader Robert Ebert was arrested in Hong Kong yesterday after his £380,000 Ferrari supercar was involved in a crash that killed a 53-year-old security guard. Ebert, head of Asian equities trading for Deutsche Bank, was held on suspicion of dangerous driving and causing death but was later bailed without charge. Police said the accident [...]
Banks in scramble for Barclays’ coveted broking ticket as Deutsche and Credit Suisse invited to re-pitch May 27, 2015 Barclays, the international London-based bank led by Antony Jenkins, has decided to put its broking mandate up for review after four years. The group is currently served by Deutsche and Credit Suisse as joint brokers. A source close to the bank, which is valued at around £45bn, said yesterday the decision to look for new [...]
Optimal Payments share price rockets on optimism over Skrill takeover July 3, 2015 Shares in online payments provider Optimal Payments rocketed by more than 11 per cent this morning, after it told investors the long-awaited reverse takeover of rival Skrill would be complete by the end of the month. Read more: Optimal Payments aims for the main market after Skrill buyout In a trading update issued to the London [...]
City Moves for 7 August 2015 | Who’s switching jobs August 6, 2015 Brooks Macdonald The wealth management group has appointed Andrew Shepherd as its deputy chief executive. He is currently executive director at the group and joint managing director of Brooks Macdonald Asset Management, which he joined in 2002. IG Group David Horsley has been appointed head of finance at the online trading company. He joins from [...]
FTSE closes flat but miners fall to six-year low – London Report August 18, 2015 BRITAIN’S top share index closed flat yesterday, weakened by US data and by mining companies hitting multi-year lows. The FTSE 100 index closed down a tiny 0.007 per cent – or 0.44 points – at 6,550.30. This followed the release of a survey which showed manufacturing activity in New York state at its weakest level [...]