Omega board faces coup January 3, 2010 OMEGA Insurance is under increasing pressure to replace the directors of its board after Invesco Perpetual, its largest shareholder, secured the backing of other investors to request a special general meeting. Neil Woodford, Invesco’s star fund manager, wants to oust Walter Fiederowicz and replace him with former Benfield man John Coldman as chairman of the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 16, 2010 FINANCIAL TIMES EX-EMPLOYEE SUES SOCGEN FOR џ12M Societe Genrale, France’s second-largest bank, is being sued for more than џ12.5m (£11.3m) by its former head of European fixed income after his contract was terminated at the start of the credit crunch. The High Court heard yesterday that Raphael Geys, its London-based former managing director of European [...]
London rises as miners and energy companies set pace March 1, 2010 LONDON’S top share index rose one per cent yesterday as big gains from miners and energy stocks, boosted by firmer commodity prices, outpaced faltering banks following disappointing results from HSBC. The FTSE 100 closed 51.42 points higher at 5,405.94 points, having hit a five-week high earlier in the session of 5,420.83. The index has rebounded [...]
FTSE rises as commodities and financials set the pace March 3, 2010 BRITAIN’S leading shares gained 0.9 per cent yesterday, boosted by strength in miners and oils, banks and life insurers, as upbeat US data lifted Wall Street. At the close, the FTSE 100 was 49.15 points higher at 5,533.21, ending at a seven-week peak on its fourth straight session of gains. “All the figures were pretty [...]
THE LONDON REPORT February 9, 2010 BRITAIN’S top share index closed up yesterday, led higher by miners and banks, but lingering concerns over Europe’s fiscal problems weighed on sentiment. The FTSE 100 ended 19.51 points or 0.4 per cent ahead at 5,111.84, having hit a session high of 5,132.93. Metals prices regained some ground after sharp falls last week, helping mining [...]
CITY MOVES WHO’S SWITCHING JOBS December 3, 2009 AvivaAviva, the insurance group, announced yesterday that Mary Francis CBE had been appointed as a member of the board’s nomination committee, and took the role on with effect from 2 December this year. Francis is also a senior independent director of Centrica, and a non-executive director at Cable & Wireless. She formerly held senior positions [...]
Good day for blue-chips sees FTSE flirt with the 5,300 level February 17, 2010 Britain’s top share index rose for the third consecutive day yesterday, led by financials and miners on bullish corporate results and economic data, and adding to growing optimism over the health of the global economy. The FTSE 100 ended up 32.58 points, or 0.6 per cent at 5,276.64, touching a two-week high during the session [...]
Aviva offloads its Australian life unit June 21, 2009 INSURANCE giant Aviva last night announced that it is to sell Aviva Austalia Holdings, its Australian life and pensions business and wealth management platform, to National Australia Bank (NAB). Aviva is expected to pocket A$925m (£452m) from the deal. The group will gain A$825m cash consideration from NAB on completion, with a further amount of [...]
Aviva offloads its Australian life unit June 21, 2009 INSURANCE giant Aviva last night announced that it is to sell Aviva Austalia Holdings, its Australian life and pensions business and wealth management platform, to National Australia Bank (NAB). Aviva is expected to pocket A$925m (£452m) from the deal. The group will gain A$825m cash consideration from NAB on completion, with a further amount of [...]
Banks suffer as concerns over their Greek exposure weigh February 11, 2010 BRITAIN’S top share index closed 0.6 per cent higher on Thursday, as gains in commodities outpaced falls in banks, which remained mired in uncertainty over Eurozone’s plans to deal with Greece’s debt problems. BT Group slumped 8.8 per cent, topping the losers’s list on the FTSE 100 and hitting a more than six-month low after [...]