CITY CRIMS REFUSE TO STEAL BIKES ON DEMAND August 30, 2010 BETWEEN BoJo’s bikes and the craze for cycling to work, two wheels are very much in vogue. So it makes sense to take out insurance for your new mode of transport, right? Wrong. Not if a new campaign by insurer Aviva is anything to go by. Britain’s biggest insurer was so sure it was offering [...]
CITY MOVES | WHO’S SWITCHING JOBS September 5, 2010 Hermes Fund Managers The fund management group has appointed Chris Taylor as chief executive of its real estate investment management business. Taylor joins from Australian fund manager QIC, where he has been head of European property for the past four years. Prior to that, he was at HSBC Specialist Investments as head of European property, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 17, 2010 FINANCIAL TIMES CRIMINAL GANGS TARGET INSIDER DEALING Organised criminals in the UK are becoming increasingly involved in financial frauds including insider share dealing that they see as lucrative and low risk, investigators have warned. A long-term trend of prosecutions in the US has shown the same shift by crime gangs to more sophisticated frauds. FUNDING [...]
CITY MOVES | WHO’S SWITCHING JOBS August 31, 2010 Russell-Cooke LLP The London law firm has continued its expansion by hiring Edward Wanambwa as employment partner. He joins from CM Murray LLP, having trained at Bryan Cave and previously worked at Clifford Chance. He has been tasked with building the firm’s business immigration practice, having worked on immigration issues throughout his career. This brings [...]
BEST OF THE BROKERS June 20, 2010 BAYER Citigroup said it believes that Bayer is an attractive “buy”. Citi said that sentiment is going to be set by the Xarelto data and it remains positive on this asset. According to Citi trading appears to have improved in Crop Science, Materials remains robust and the company will benefit from recent currency moves. WILLIAM [...]
M&A activity saves FTSE from fourth day of losses but volumes remain thin August 23, 2010 BRITAIN’S leading share index ended a three-session losing run yesterday, helped by a spate of corporate takeover activity, though trading was thin. HSBC said it was in talks to buy up to 70 per cent in South Africa’s fourth-largest bank, Nedbank, in which insurer Old Mutual has a controlling stake. HSBC added 0.8 per cent [...]
SPORT | IN BRIEF August 10, 2010 Simmonds leads British 1-2 SWIMMING: Lizzie Simmonds led Britain to a one-two finish in the 200m backstroke at the European Championships in Budapest yesterday. Gemma Spofforth took silver as Simmonds, the world No1 at 200m this year, sealed gold in a time of two minutes 7.04 seconds. Earlier in the day, Britain’s Liam Tancock battled [...]
Insurers set to raise dividends in results week August 1, 2010 THE INSURANCE sector earnings season is expected to deliver growing profits and dividend increases this week, though uncertainty over new European rules could dampen forecasts, according to analysts. Legal & General is set to kick off on Wednesday with a widely tipped dividend rise. Analysts have forecast operating profits of up to £412m for the [...]
Failed $400m RidgeWorth deal hits Henderson’s profits July 8, 2010 FUND management group Henderson said yesterday its failed takeover of US fund manager RidgeWorth had made a sizeable dent to its profit forecasts. In a trading update, Henderson said recurring profits for the six months to end-June will be between £47m and £49m – six per cent lower than expected. That compares with the £27m [...]
EARNINGS SEASON | CALENDAR August 1, 2010 Monday 2 August Xchanging – UK Thomas Cook – UK Hammerson – UK Tullett Prebon – UK HSBC – UK Intertek – UK Mouchel – UK Qinetiq – UK Berkshire Hathaway – US Warner Music Group – US Linde – Germany BNP Paribas – France Air Liquide – France Tuesday 3 August ITV – UK [...]