London business activity dives as growth dwindles November 12, 2012 THE UK looks set to crash back into contraction in the fourth quarter, as data out today reveals a fall in business activity in London and across the country. The collapse in London is especially worrying – it dived on the Lloyds purchasing managers’ index (PMI) business survey from 52.1 to 49.1 – a 42-month [...]
The optimists come out to play for the first day of 2013 January 2, 2013 For those hardy souls returning to work yesterday after the Christmas break the financial markets provided some welcome and slightly unexpected cheer. Talks in the US aimed at averting a stalemate on the so-called fiscal cliff succeeded (just) and a bill that many Republicans dislike because it contains too few spending cuts passed through the [...]
City Moves | Who’s switching jobs December 9, 2012 Old Burlington Investments Noreen Kelly has been appointed business development manager at the investment business. She was previously a relationship manager at Octopus Investment Management. In her new role, Kelly will market Old Burlington’s funds to financial advisers. Sainsbury’s Angie Risley has been appointed group human resources director at the supermarket. She was most recently [...]
FTSE dented by miners March 28, 2012 The FTSE 100 was pegged back by miners in early trading as the index lost some of the momentum built up over recent weeks. Nagging doubts over the rate of growth that can be sustained in China continued to cast a shadow over the sector and the price of copper fell. Steelmaker Evraz warned over [...]
Ten top City of London givers December 20, 2012 MICHAEL SPENCER BROKING The Icap Charity Day celebrated its 20th anniversary this December, raising £11m for charities in the process. The annual pre-Christmas event is a celebrity-studded occasion on which all revenues and commissions from the world’s leading interdealer broker are donated. Chief executive Michael Spencer has played a major role in the success of [...]
Who’s switching jobs November 12, 2012 KNG Securities The fixed income product provider has appointed Andrea Podesta as managing partner and head of fixed income. He joins from Bank of America Merrill Lynch, where he was managing director and head of southern Europe fixed income sales. BNY Mellon The financial services firm has appointed Alan Cottam as regional business head for [...]
FTSE falls from four-year high as analysts warn on energy shares January 14, 2013 BRITAIN’S leading shares fell yesterday after touching a 4-1/2 year high early in the session, with technical analysts noting the index could be set for a minor correction. Energy stocks, among Friday’s biggest gainers, were the main drag on blue-chip sentiment as Nomura warned that the sector was inexpensive for a reason and attractive price-to-earnings [...]
Lancashire Holdings warns of premium pressure in January November 8, 2012 LLOYD’S of London insurer Lancashire Holdings said yesterday that premium rates will be squeezed in January – and expressed “surprise” at the optimism exhibited by some of its rivals. Nonetheless a quiet third quarter, largely unaffected by major catastrophes, enabled the firm to announce a special dividend of around 56p a share – with a total [...]
Lancashire Holdings warns of premium pressure in January November 8, 2012 LLOYD’S of London insurer Lancashire Holdings said yesterday that premium rates will be squeezed in January – and expressed “surprise” at the optimism exhibited by some of its rivals. Nonetheless a quiet third quarter, largely unaffected by major catastrophes, enabled the firm to announce a special dividend of around 56p a share – with a total [...]
Andy Haste to join Lloyd’s as deputy chair October 31, 2012 AFTER a short break from the world of insurance, RSA’s former chief executive Andy Haste is planning a return to the sector as deputy chairman of Lloyd’s of London. Haste will begin a three-year term at the UK’s insurance and reinsurance market today, stepping in to succeed Dr Andreas Prindl, who is retiring. He bowed [...]