London Report: FTSE hits a five month high as banks recover October 24, 2013 BRITAIN’S main share index rose yesterday to a five-month high, boosted by strong earnings reports and a rebound in financial and basic material stocks. The blue-chip FTSE 100 index closed up 0.6 per cent, or 38.70 points, at 6,713.18 points, its first close above 6,700 since May. A daily close above 6,700 indicated that the [...]
SNP’s Salmond insists that Scotland could join EU February 17, 2014 Scottish first minister Alex Salmond insists that no EU member state has indicated it would block a move for a newly independent Scotland to join the political union. That clashes directly with European Commission president Jose Manuel Barroso, who on the BBC's Andrew Marr show said that "it will be extremely difficult to get the approval [...]
London Report: Bank falls stop FTSE’s nine-day winning streak October 23, 2013 THE UK’S benchmark equity index fell yesterday to end a nine-session winning streak, as a drop in heavyweight banking shares dragged the stock market down from five-month highs. Nevertheless, several traders felt any pullback would be relatively short-lived and saw the UK stock market rallying into the end of 2013. The benchmark FTSE 100 index [...]
An independent Scotland should use the pound without England’s permission. Here’s why February 12, 2014 The pound could still be an independent Scotland’s best bet. As chancellor George Osborne is set to rule out a currency union with an independent Scotland, a Yes vote might make ignoring Osborne the smart choice. Sam Bowman, research director at the Adam Smith Institute, says that “an independent Scotland would not need England’s permission [...]
An independent Scotland should use the pound without England’s permission. Here’s why February 12, 2014 The pound could still be an independent Scotland's best bet. As chancellor George Osborne is set to rule out a currency union with an independent Scotland, a Yes vote might make ignoring Osborne the smart choice. Sam Bowman, research director at the Adam Smith Institute, says that "an independent Scotland would not need England’s permission [...]
Air conditioning pioneer Volution Holdings airs out plans for listing June 11, 2014 The British manufacturing firm that installed extractor fans for Sir Winston Churchill during the Second World War is heading to the London stock market after unveiling plans for a £300m listing. Volution Holdings, which owns Vent-Axia – the engineering firm famed for supplying ventilation to 10 Downing Street during the war – will raise £72m [...]
City Moves for 09 October 2013 | Who’s switching jobs October 8, 2013 MacKay ShieldsThe fixed-income investment management firm has hired Matthew Nagele as managing director and head of distribution for the UK and Europe, the Middle East and Africa. He has previously held senior roles at Janus Capital Group and Old Mutual Asset Managers (UK). Jones DayThe law firm has announced the appointment of Michael Weir as a [...]
What the other papers say this morning – 19 March 2014 March 18, 2014 FINANCIAL TIMES Labour pledges power to Scotland The Labour party has pledged more powers for Scotland in an attempt to bolster pro-union support six months before September’s referendum on independence. The prospects for devolution have become a battleground between pro-union campaigners and nationalists who argue that only independence would let Scotland decide its economic destiny. [...]
Icap closes in on deal to end probe over Libor allegations September 5, 2013 BROKER DEALER ICAP is believed to be in advanced talks with US and British regulators over a deal to end an investigation into its alleged role in the manipulation of benchmark interest rates. According to people familiar with the negotiations, an agreement with the US Justice Department and Commodity Futures Trading Commission (CFTC) and the [...]
The Scottish nationalists aren’t credible on keeping sterling February 14, 2014 THE gloves are finally off. The London political establishment’s message to Scotland is clear: stay in the UK, or lose the pound. The nationalists are in deep trouble on this question, but as ever the argument is more complex than both sides might imagine.Is the Scottish National Party (SNP) right that it could keep sterling, [...]