FTSE sticks above 6,000 after volatile day February 2, 2011 The FTSE’s mainstay miners and banks pushed the benchmark index to close just above 6,000 points – but profit taking and uncertainty over violent clashes in Egypt caused a turbulent day’s trading. The FTSE 100 closed up 42.25 points, or 0.7 per cent, at 6000.07, extending Tuesday’s 1.6 per cent rise. The index has recovered [...]
FTSE sticks above 6,000 after volatile day February 2, 2011 The FTSE’s mainstay miners and banks pushed the benchmark index to close just above 6,000 points – but profit taking and uncertainty over violent clashes in Egypt caused a turbulent day’s trading. The FTSE 100 closed up 42.25 points, or 0.7 per cent, at 6000.07, extending Tuesday’s 1.6 per cent rise. The index has recovered [...]
HSBC: London losing to Asia February 1, 2011 Banking there is “quite a noticeable” migration of business from London to Asia, according to HSBC chairman Douglas Flint. Speaking before the House of Commons Treasury committee, he pointed to “three 200,000 square foot buildings being taken by international banks in Singapore at the moment that might have gone somewhere else”. Two of the buildings [...]
FTSE shrugs off Egypt drama and rises on upbeat US data February 1, 2011 COMMODITY stocks and banks helped drive Britain’s top share index to a higher close yesterday, as investors shifted their focus from political unrest in Egypt to upbeat US economic data. The FTSE 100 index closed up 94.88 points, or 1.6 per cent, at 5,957.82, recouping nearly all the 1.7 per cent lost over the previous [...]
CITY MOVES | WHO’S SWITCHING JOBS January 31, 2011 HSBC HSBC today announces the appointment of Richard Jablonowski as managing director and head of investment counsellors to its private banking division. Based in London, he will report to Daniel Ellis, managing director and head of the investment group at HSBC private bank. Jablonowski joins from Merrill Lynch Global Wealth Management where he spent 11 [...]
Diary January 30, 2011 LIQUIDITY INFUSIONS Famous for the harsh schedule inflicted upon its toiling delegates, this year’s party merry-go-round at Davos was no exception. Drinks and well-watered dinners kick off from 6pm, with the central Belvedere hotel boasting around a dozen venues for simultaneous drunken revelry. They then proceeded to a collection of “nightcaps” at 10pm, and usually end [...]
Diary January 27, 2011 WALKING BOOTS ARE DE RIGEUR A score for good sense at the FT/HSBC breakfast event: six men were settled into white armchairs onstage for a panel debate yesterday, but only one man’s sensibly clad feet stood out. Gao Xiqing, president of China’s sovereign wealth fund, shunned the standard suede or polished leather business shoe. Not [...]
Diary January 27, 2011 WALKING BOOTS ARE DE RIGEUR A score for good sense at the FT/HSBC breakfast event: six men were settled into white armchairs onstage for a panel debate yesterday, but only one man’s sensibly clad feet stood out. Gao Xiqing, president of China’s sovereign wealth fund, shunned the standard suede or polished leather business shoe. Not [...]
Events January 27, 2011 DAVOS: FRIDAY 28 JAN 7.00am: Mahindra Group hosts a panel discussion on “Disruptive Demographics” in the Arabella Sheraton Hotel Seehof. 7.30am: The Confederation of Indian Industry and private equity group KKR host a breakfast in the Central Sporthotel. 7.30am: Standard Chartered breakfast debate on “too much or too little or just right” on regulation at [...]
Events January 27, 2011 DAVOS: FRIDAY 28 JAN 7.00am: Mahindra Group hosts a panel discussion on “Disruptive Demographics” in the Arabella Sheraton Hotel Seehof. 7.30am: The Confederation of Indian Industry and private equity group KKR host a breakfast in the Central Sporthotel. 7.30am: Standard Chartered breakfast debate on “too much or too little or just right” on regulation at [...]