BoA veteran Jim O’Neil set for UKFI role July 19, 2010 UKFI, the body set up to manage the taxpayer’s stakes in the banks, has welcomed Bank of America Merrill Lynch veteran Jim O’Neil as the latest in a long line of senior executives to parade through its revolving door. O’Neil, who last year advised Lloyds Banking Group on its £22.5bn recapitalisation, will be doing the [...]
Banks boost FTSE past the 5,400 mark after quiet day August 9, 2010 FINANCIAL stocks boosted the UK’s leading share index yesterday, rallying from falls in the previous session following weak US jobs data and supported by energy markers which gained in tandem with crude. The FTSE 100 was up 78.13 points, or 1.5 per cent, at 5,410.52, having closed 0.6 per cent lower on Friday, albeit in [...]
CITY MOVES | WHO’S SWITCHING JOBS May 24, 2010 Matrix Group Matrix Group has expanded its investment banking business after appointing Paul James as chief operating officer (COO) of the investment banking arm. James moves into the role with immediate effect and joins after 20 years experience in investment banking. He was most recently COO of global banking and markets HSBC and has previously [...]
Ohuruogu: I may miss Euros July 5, 2010 OLYMPIC champion Christine Ohuruogu has told City.A.M she is likely to miss next month’s European Championships in Barcelona. Ohuruogu, 26, was absent from the 400m startline at last weekend’s Aviva UK Championships in Birmingham after picking up an untimely quadricep muscle injury in training. She was initially upbeat about the prognosis but further medical tests [...]
Ohuruogu: I may miss Euros July 5, 2010 OLYMPIC champion Christine Ohuruogu has told City.A.M she is likely to miss next month’s European Championships in Barcelona. Ohuruogu, 26, was absent from the 400m startline at last weekend’s Aviva UK Championships in Birmingham after picking up an untimely quadricep muscle injury in training. She was initially upbeat about the prognosis but further medical tests [...]
Aviva unveils new UK chief November 26, 2009 INSURER Aviva has announced a shake-up of its business with a new boss and management structure. The move will see its UK Life and Pensions unit come under the leadership of new chief executive Mark Hodges. Under the restructure, which will take effect on 1 January, a series of other executive changes will also be [...]
FTSE ends lower as Barclays leads banking sector retreat August 5, 2010 BRITAIN’S top shares closed down yesterday, with Barclays leading banking shares lower after it posted first-half numbers and downbeat US weekly jobless claims data later in the day only adding to the downward pressure. The FTSE 100 closed down 20.38 points, or 0.4 per cent, at 5,365.78, having fallen back from a session high of [...]
CITY VIEWS: HOW WILL THE UK ECONOMY FARE THIS YEAR? May 27, 2010 MICHAEL EPHGRABE | AVIVA “I think that things will get tougher because we haven’t seen the worst yet. Economists are forecasting growth, but I don’t think it will be as high as they are predicting. Things will definitely get worse before they get better.” ASTON SINFIELD | SYNERGY SELECTION “Generally the mood is positive. The [...]
CITY VIEWS: HOW WILL THE UK ECONOMY FARE THIS YEAR? May 27, 2010 MICHAEL EPHGRABE | AVIVA “I think that things will get tougher because we haven’t seen the worst yet. Economists are forecasting growth, but I don’t think it will be as high as they are predicting. Things will definitely get worse before they get better.” ASTON SINFIELD | SYNERGY SELECTION “Generally the mood is positive. The [...]
CITY MOVES | WHO’S SWITCHING JOBS May 10, 2010 Conduit Capital Markets The derivatives and securities dealer has hired ex-3i managing partner Bruce Carnegie-Brown as its new non-executive chairman. Carnegie-Brown has been working for 3i since 2007, latterly as managing partner and chairman of the financial services practice. Prior to that, he was chief executive of Marsh, and spent 18 years at JP Morgan, [...]