FTSE 100 climbs on hopes EU summit will tackle crisis October 26, 2011 BRITAIN’S leading share index last night reached its highest closing level for two-and-half months. Defensive stocks performed well as investors awaited the outcome of a European Union summit, which opened last night, to resolve the two-year-old sovereign debt crisis. Investors also rewarded companies reporting strong figures in a patchy quarterly results season, with BG Group [...]
FTSE 100 climbs on hopes EU summit will tackle crisis October 26, 2011 BRITAIN’S leading share index last night reached its highest closing level for two-and-half months. Defensive stocks performed well as investors awaited the outcome of a European Union summit, which opened last night, to resolve the two-year-old sovereign debt crisis. Investors also rewarded companies reporting strong figures in a patchy quarterly results season, with BG Group [...]
Aviva loses its European chief January 19, 2011 Insurer Aviva is replacing its head of Europe for the second time in 18 months, after Andrea Moneta left the firm. Britain’s second-biggest insurer by market value said Moneta, the former chief financial officer at Italy’s UniCredit Group and ECB employee, would leave the company at the end of February. Igal Mayer has been appointed [...]
Glasenberg adds to stake in Glencore September 19, 2011 GLENCORE boss Ivan Glasenberg has made another show of confidence in the commodity trader, buying almost £13.5m of shares to add to his holding as part of a plan to use his dividend income to buy more shares. Glasenberg, who announced last week he had bought £10m of shares and would buy more, bought another [...]
PUBS WAR CAN WAIT AS JOE LEWIS EXPECTS NEW GREAT-GRANDCHILD September 14, 2011 ALL EYES remain on financier Joe Lewis, whose surprise appearance in London on his superyacht Aviva ten days ago has been satisfactorily explained by this week’s hostile move to take control of pub chain Mitchells & Butlers. Case closed. Or is it? As ever with the enigmatic Bahamas-based billionaire, the truth is rather more surprising [...]
PWC HOSTS AWARDS TO MARK BEST PRACTICES October 13, 2011 AS anyone who’s attended a City awards ceremony will know, it’s often hard to keep the attention of a room full of businessmen and women who are used to being online 24/7. But ITN news anchor Mary Nightingale had no such trouble on Wednesday night when she hosted the 9th annual PwC Building Public Trust [...]
PWC HOSTS AWARDS TO MARK BEST PRACTICES October 13, 2011 AS anyone who’s attended a City awards ceremony will know, it’s often hard to keep the attention of a room full of businessmen and women who are used to being online 24/7. But ITN news anchor Mary Nightingale had no such trouble on Wednesday night when she hosted the 9th annual PwC Building Public Trust [...]
Aviva to slash debt as Europe chief quits January 20, 2011 SPECULATION over the exit of Aviva’s European head Andrea Moneta overshadowed a promising update on the insurer’s strategy and finances yesterday. The world’s sixth-largest insurer told investors it planned to cut the hybrid debt on its balance sheet by at least £700m over the next three years, using internal cash to fund repayments of about [...]
Aviva to slash debt as Europe chief quits January 20, 2011 SPECULATION over the exit of Aviva’s European head Andrea Moneta overshadowed a promising update on the insurer’s strategy and finances yesterday. The world’s sixth-largest insurer told investors it planned to cut the hybrid debt on its balance sheet by at least £700m over the next three years, using internal cash to fund repayments of about [...]
CITY MOVES | WHO’S SWITCHING JOBS September 11, 2011 Merchant Securities The financial services group has appointed Dr Navid Malik as head of life sciences equity research. Malik joins from the investment banking arm of Matrix Group, where he was partner and head of life sciences research. Prior to that, he was a senior equity analyst for Collins Stewart and Williams de Broë, covering [...]