Miners lead FTSE advance May 28, 2012 The FTSE tracked rises across Europe as a poll in Greece showed that that the pro-austerity conservative party in the debt laden state was ahead in the polls. According to the figures the New Democracy party could gain about a quarter of the votes, making it the biggest party with elections due on 17 June. [...]
Miners lead FTSE advance May 28, 2012 The FTSE tracked rises across Europe as a poll in Greece showed that that the pro-austerity conservative party in the debt laden state was ahead in the polls. According to the figures the New Democracy party could gain about a quarter of the votes, making it the biggest party with elections due on 17 June. [...]
Banks rally fuelled by emergency credit plan June 15, 2012 The FTSE 100 saw rises fuelled by a rally in banking shares as the Government and the Bank of England announced plans to pump in £100bn of credit into the economy. Emergency measures to breathe new life into the economy were unveiled by Chancellor George Osborne last night with the money printing presses to be [...]
FTSE flat as investors ponder aftermath of bailout June 12, 2012 London stocks remained flat this morning as investors took time to consider their positions in the aftermath of volatile trading on Monday. With few major firms announcing results the focus remained on the Eurozone, where the weekend’s bailout of Spanish banks appears to have done little to calm markets. Focus will now shift to Greece, [...]
Beazley leaves catastrophes in the past to increase premiums May 10, 2012 LLOYD’S of London insurer Beazley yesterday said it has recovered from last year’s catastrophe claims and had increased premiums written in the first quarter by nine per cent. Rates on renewals were also up two per cent, helping it write business totalling $465m (£288m) – up from $426m in the equivalent period last year. “The first [...]
CITY MOVES | WHO’S SWITCHING JOBS June 11, 2012 Bellzone Mining The resource development company has appointed Glenn Baldwin as its next chief executive, effective 3 September. He joins from Consolidated Minerals, where he has been chief executive since September 2010, and replaces Nik Zuks. Baldwin has previously held senior roles at Gold Fields, Ivanhoe Nickel and Platinum, Southern Era Diamonds and Anglo American. [...]
No large claims helps Lloyd’s May 1, 2012 LLOYD’S of London insurance market said yesterday that there had been no change to its expected performance for 2012 thanks to a lack of major claims in the first quarter of this year. The market said the excess of its central assets over solvency shortfalls rose to £3.2bn in the first three months of 2012, [...]
FTSE lurches towards worst month since August May 30, 2012 The FTSE 100 dipped this morning as the Eurozone’s debt woes continued to cast a shadow and hopes that China would trigger further fiscal stimulus were dealt a blow. Investors are awaiting the European Commission’s economic strategy on how austerity measures can be introduced without quashing the growth required for recovery. Concerns about Spain’s ability [...]
CITY MOVES | WHO’S SWITCHING JOBS June 12, 2012 Bargate Murray Alfred Merckx has been appointed as a partner and head of the City law firm’s newly formed aviation department. He joins from Dubai-based JetEx Flight Support, where he was general counsel. Merckx has extensive experience in business aviation and has served as a partner at Sinclair Roche and Thomas Cooper. Ixaris The electronic [...]
Lloyd’s given the slip of the Titanic’s rescuer April 18, 2012 THE insurance group Marsh has presented to Lloyd’s of London the original insurance slip for the RMS Carpathia, the ship that rescued more than 700 survivors from the HMS Titanic after she sank 100 years ago (pictured). The insurance slip contains a summary of the Carpathia’s insurance policy and the signatures of more than 80 [...]