Banking on surprising the markets July 31, 2011 THIS week sees the release of interim figures from a number of UK banks, and few are holding out hope for particularly strong results. A generally weak UK economy that grew an anaemic 0.2 per cent in the second quarter, coupled with concerns about the risk of UK bank exposure to possible European default, have [...]
THE WEEK AHEAD in association with GFT July 31, 2011 COMPANY NEWS ● It’s a busy week for results. Today, Hiscox, HSBC, Intertek and Ultra Electronics Holdings announce. ● Barclays, Capital Shopping Centres, Cookson, Drax, Fresnillo, GKN, Meggitt, Millennium & Copthorne Hotels, Rotork, Weir and Xstrata all announce tomorrow. ● Announcing on Wednesday are Capital & Counties Properties, Ferrexpo, Legal & General, Rexam, Rightmove, Standard [...]
LEGAL EAGLE SETS THE PACE IN THE STANDARD CHARTERED CITY RACE July 17, 2011 CAN ANYBODY stop Emily Wicks of Punter Southall? Not content with fitting in extra study on top of her long-hours day job at the law firm, Wicks runs an average of 80 miles a week and represents Great Britain at cross country. So it was no surprise that the trainee actuary won this year’s Standard [...]
Monitise says its revenues will double July 13, 2011 Monitise surged yesterday after the payments technology firm reinforced its strong outlook for the upcoming financial year, with revenues expected to double. Full-year revenues are now expected to hit £14m, more than double the £6m reported last year. It also said it forecasts an increase in operating profit and cash generation. The firm, which delivers [...]
Standard Chartered warns on bank ringfencing plans July 12, 2011 GOVERNMENT-COMMISSIONED plans to force banks to “ring-fence” their retail and investment arms have been blasted for putting the economy at risk. Standard Chartered, the emerging-markets focused bank, said the central plank of the Independent Commission on Banking (ICB) review “would not address the causes of the crisis or improve financial stability”. “These proposals, coupled with [...]
How to throw the world’s greatest party: opulence, charity and trust July 12, 2011 SOME people just don’t know how to retire. It’s three years since he stepped down as deputy chairman at Man Group, but Stanley Fink – Lord Fink since this January – shows no signs of slowing down. In 2008, the “godfather” of the hedge fund industry announced that he wanted to devote more time to [...]
How to throw the world’s greatest party: opulence, charity and trust July 12, 2011 SOME people just don’t know how to retire. It’s three years since he stepped down as deputy chairman at Man Group, but Stanley Fink – Lord Fink since this January – shows no signs of slowing down. In 2008, the “godfather” of the hedge fund industry announced that he wanted to devote more time to [...]
REVEALED: THE CITY’S BEHIND-THE-SCENES BOARDROOM LUNCHES July 11, 2011 THE DAYS of conspicuous client entertainment are over, as the City’s fattest cats rein in their largesse in the fallout of the financial crisis. Or are they? Just days after the Bribery Act came into force, The Capitalist hears business is booming for a high-end catering service recreating City restaurants in the boardrooms of investment [...]
REVEALED: THE CITY’S BEHIND-THE-SCENES BOARDROOM LUNCHES July 11, 2011 THE DAYS of conspicuous client entertainment are over, as the City’s fattest cats rein in their largesse in the fallout of the financial crisis. Or are they? Just days after the Bribery Act came into force, The Capitalist hears business is booming for a high-end catering service recreating City restaurants in the boardrooms of investment [...]
StanChart PE spends £51m in Indian deal July 4, 2011 STANDARD Chartered Private Equity has snapped up a 10 per cent stake in Redington India, the IT supply chain manager, disclosures on the Bombay Stock Exchange showed yesterday. StanChart Private Equity, which is based in Mauritius, bought 39.7m shares at 91.89 rupees each for a total outlay of just over £51m. ECL Finance, an arm [...]