City moves for 14 January – who’s switching jobs at Robeco, Greenberg Traurig and Aminex? January 14, 2019 Who’s moving roles today? Robeco Robeco, the pure-play international asset manager, has appointed two senior members to its global fixed income macro team. Jamie Stuttard joined the team as co-head of the global fixed income macro team and fixed income strategist. Regina Borromeo (pictured) joined the team as portfolio manager. Jamie will co-manage Robeco’s global total [...]
Competition and Markets Authority launches probe into bond market November 18, 2018 The UK’s competition watchdog has launched an investigation into a suspected financial services cartel in the bond market. The Competition and Markets Authority (CMA) said on Friday that it had launched a probe into alleged anti-competitive activity under Chapter One of the Competition Act 1998, which addresses price fixing and attempts to control markets. The [...]
Turkey has ‘only days’ to resolve lira crisis or risk instability to financial system and banking contagion | City A.M. August 13, 2018 Analysts have given Turkey just days to resolve the crisis before it spills over into longer-term implications for the country’s financial stability, with the contagion threatening banks including HSBC. Turkish President Recep Tayyip Erdogan this morning claimed the country was under economic “siege”, accusing the US of trying to “stab it in the back”. It [...]
Interserve’s rebel shareholder Coltrane ups stake in struggling outsourcer February 20, 2019 The rebellious shareholder trying to thwart outsourcing giant Interserve’s rescue deal has upped its stake in the firm, "putting its money where its mouth is" and piling more pressure on the contractor. Coltrane Asset Management, a 27.3 per cent stakeholder which previously owned only 17.5 per cent through shares and 9.8 through other financial instruments, launched [...]
Lloyds Banking Group boosts profits 24 per cent and reveals £1.75bn share buyback scheme February 20, 2019 Lloyds Banking Group’s profits surged 24 per cent in 2018, it revealed today, as it announced a £1.75bn share buyback scheme. The bank said it was "confident in the future" of the UK economy, citing record employment, surging wages and low interest rates. Read more: HSBC boss John Flint needs short term rigour as well [...]
Barclays shares: Optimists see an opportunity April 29, 2019 By Graeme Evans from interactive investor. These results do not impress, but there’s lots going on at Barclays and plenty to interest investors. Without the attention generated by activist investor Edward Bramson, it’s likely that last week’s lacklustre investment banking performance at Barclays (LSE:BARC) may have been passed off as just another quarter blighted by [...]
Investment platform AJ Bell boosts customers ahead of float October 19, 2018 Investment platform and stockbroker AJ Bell said today it had increased customer numbers by 20 per cent in the last financial year ahead of a planned main market listing. In the year to 30 September customer numbers increased 20 per cent to 197,912 and assets under administration grew 16 per cent to £46.1bn. Read more: [...]
Your road map to the Isa universe: Make the most of your tax-free allowance March 10, 2020 There are just 27 days to go before the tax year ends on 5 April. For savers and investors, that means there are only a few weeks left to make use of their Individual Savings Account (Isa) allowance. Introduced in 1999, Isas allow people to invest up to £20,000 into savings each tax year, and [...]
UK bank shares: A pre-Brexit view March 12, 2019 Some UK bank shares have made massive profits for shareholders, but how should you play the sector now? It’s been a few weeks since the last of the big UK-listed banks published results for 2018, and share price performance since has been varied. Brexit, of course, has played its part and, with some lenders up [...]
International Investing – the whys and wherefores February 11, 2019 In 1926, engineer, inventor and philosopher Nicolas Tesla, said “”When wireless is perfectly applied the whole earth will be converted into a huge brain. We shall be able to communicate with one another instantly, irrespective of distance… and the instruments through which we shall be able to do his will be amazingly simple compared with [...]