How the result might affect UK companies November 7, 2012 As the dust settled on President Obama’s second-term victory, share prices were quick to react yesterday to the impact of another four years of his reign. Financial shares lost ground as any hopes the Volcker rule, part of the Dodd-Frank reforms, curbing proprietary trading by Wall Street banks in securities and derivatives, would be repealed [...]
City Moves | Who’s switching jobs October 14, 2012 Royal Bank of Scotland John Shelley has joined RBS as chief risk officer, Asia Pacific, for all RBS businesses in the region. Shelley began his banking career with NatWest and RBS in the UK, and he has previously worked for Coutts Private Banking in Asia and has since held a number of senior roles with [...]
Direct Line IPO nears take-off September 11, 2012 ROYAL Bank of Scotland is widely expected to officially launch the sale process for the IPO of its insurance unit Direct Line as early as tomorrow, sources said last night. Some say that the float, which will be the largest in London this year if it goes ahead, will value the business at around £3bn. [...]
Royal Bank of Scotland pulls plug on Peacocks January 15, 2012 PEACOCKS, the fashion retail chain, is teetering on the brink of administration after Royal Bank of Scotland, one of its senior lenders, pulled the plug on talks to refinance the company. A syndicate of 18 lenders, including Barclays, Goldman Sachs and hedge funds including Och Ziff and Perry Capital, had jointly been working on a [...]
UK shares lifted by banking gains on hopes for Spanish bailout soon October 15, 2012 UK shares rose yesterday, buoyed by gains for heavyweight banks as the sector tracked continental peers on expectations Spain was moving closer to asking for a bailout. A 12.29 point, or 0.2 per cent, move higher to 5,805.61 points was not enough to take the FTSE 100 out of its recent tight trading range, however, [...]
UK shares lifted by banking gains on hopes for Spanish bailout soon October 15, 2012 UK shares rose yesterday, buoyed by gains for heavyweight banks as the sector tracked continental peers on expectations Spain was moving closer to asking for a bailout. A 12.29 point, or 0.2 per cent, move higher to 5,805.61 points was not enough to take the FTSE 100 out of its recent tight trading range, however, [...]
RBS sells on offices to Axa and Norway in real estate unwind October 10, 2012 ROYAL Bank of Scotland has sold two office blocks in Germany to Axa’s real estate investment arm and the Norway’s state pension fund for €784m (£631m) in a further push to unwind its asset base. The two buildings, in Frankfurt and Berlin, are thought to be part of RBS’s German Pegasus portfolio, which it took [...]
Business network LinkedIn nets ten millionth member in the UK September 17, 2012 BUSINESS social network LinkedIn yesterday celebrated passing the 10m membership mark in the UK. The tally means an estimated four out of five British business professionals are now registered. LinkedIn, which began in 2003, has over 175m members worldwide, and has shown strong growth in the UK. It passed the 5m mark in 2010. Hotpots [...]
Business network LinkedIn nets ten millionth member in the UK September 17, 2012 BUSINESS social network LinkedIn yesterday celebrated passing the 10m membership mark in the UK. The tally means an estimated four out of five British business professionals are now registered. LinkedIn, which began in 2003, has over 175m members worldwide, and has shown strong growth in the UK. It passed the 5m mark in 2010. Hotpots [...]
Banking shares buoy FTSE 100 October 17, 2012 The blue chip index opened marginally up this morning, buoyed by financials and miners. Investors were lifted by the latest unemployment figures, which show the number of jobless fell by 50,000 in the three months to August. On the leading index, Evraz, Eurasian Natural Resources, Royal Bank of Scotland, Lloyds Banking Group and Rio Tinto [...]