Blue-chips remain level after mixed day of economic news November 15, 2011 BRITAIN’S top shares were flat after a roller-coaster session yesterday, with weaker banks and integrated oils just countering a rally by miners as growth and debt crisis worries in the Eurozone offset positive signs on the US economy late in the day. At the close, the FTSE 100 index was down 1.60 points or 0.03 [...]
FTSE slides to a six-week low over Eurozone debt worries November 21, 2011 BRITAIN’S FTSE 100 slid to its lowest close in six weeks, with worries mounting over the health of the global economy as the US and Europe wrestled with their respective debt problems. London’s blue chip index fell 140.34 points, or 2.6 per cent to 5,222.60 yesterday, its sixth straight day of losses and adding to [...]
Banks slash IT contractors’ pay October 10, 2011 Banks including Nomura and Royal Bank of Scotland have cut pay rates for IT contractors and other temporary workers by 10 per cent and more as they take an increasingly hard line on costs. In a manoeuvre still rarely seen since the height of the financial crisis, Nomura, Japan’s biggest investment bank, cut wages for [...]
Banks slash IT contractors’ pay October 10, 2011 Banks including Nomura and Royal Bank of Scotland have cut pay rates for IT contractors and other temporary workers by 10 per cent and more as they take an increasingly hard line on costs. In a manoeuvre still rarely seen since the height of the financial crisis, Nomura, Japan’s biggest investment bank, cut wages for [...]
Shareholder activism proves that regulating pay would be senseless May 9, 2012 ANDREW Moss, who had been in charge of Aviva since 2007, became the third chief executive to quit amid increasing shareholder discontent in recent weeks, following David Brennan at AstraZeneca and Trinity Mirror’s Sly Bailey. Just what is going on with the public limited company, one of the great inventions of capitalism? It has provided [...]
Shareholder activism proves that regulating pay would be senseless May 9, 2012 ANDREW Moss, who had been in charge of Aviva since 2007, became the third chief executive to quit amid increasing shareholder discontent in recent weeks, following David Brennan at AstraZeneca and Trinity Mirror’s Sly Bailey. Just what is going on with the public limited company, one of the great inventions of capitalism? It has provided [...]
Lloyds launches £1bn sale of property loans September 20, 2011 Part-nationalised bank Lloyds has launched the sale of a portfolio of commercial property loans worth £1bn, sources told Reuters. The property loan sale is being handled by investment bank JP Morgan Cazenove and is part of Lloyds’ ongoing moves to shed non-core assets and restructure its balance sheet. Lloyds had said in August that it [...]
Share price is undervalued, says Diamond October 4, 2011 THEY could not have timed it any better – or should that be any worse? Some of the biggest names in banking came together in London yesterday as industry shares fell over fears politicians are failing to tackle the Eurozone crisis. Bob Diamond, chief executive of Barclays, told the Bank of America Merrill Lynch conference [...]
RBS inks deal for mobile apps August 31, 2011 ROYAL Bank of Scotland has penned a deal with mobile banking specialist Monitise to expand its phone banking and payments services. Monitise said the five year partnership will see it build new, more interactive mobile apps for RBS, NatWest and Ulster Bank customers, in an extension of existing ties between the two companies. Shares in [...]
Clegg: Banking reform could happen before 2019 September 20, 2011 Wide-ranging banking reforms could be in place well before the 2019 deadline proposed earlier this month by a government-backed commission, Deputy Prime Minister Nick Clegg said on Tuesday. John Vickers, head of the Independent Banking Commission, the body set up by the government to come up with ideas for reform, recommended that the changes should [...]