CITY MOVES | WHO’S SWITCHING JOBS March 19, 2012 Patron Capital The pan-European institutional investor has appointed Mark Collins as chairman of its UK investment division, as it looks to invest over £1bn in the UK market over the next year. Collins will also become a partner of Patron Capital Advisers, the investment adviser to Patron’s funds. Collins was formerly managing director of the [...]
FTSE resilient despite Greek deal fears March 7, 2012 The FTSE 100 proved resilient this morning as strong corporate results shored up the index despite falls on other markets across the globe. European shares overall steadied after two straight days of losses as investors braced for news on whether Greece would succeed in restructuring its huge debt pile. The Greek bond swap deal must [...]
Why the bulls are building a head of steam March 18, 2012 SO it’s another week and the bull market for stocks remains intact. The S&P 500 has breached the 1,400 level for the first time since June 2008, while in Europe equities are at fresh year highs, with Germany’s Dax up over 21 per cent. The FTSE is an underperformer, but still up an acceptable seven [...]
FTSE lifted by strong corporate results March 1, 2012 The FTSE 100 edged up this morning led by the financial and energy sectors, while heavyweights WPP and Man Group reporting strong results. London’s blue chip index gained despite losses in the US and Asia triggered by the Fed failing to signal and more stimulus measures and mixed economic data out of China. Factory figures [...]
FTSE lifted by strong corporate results March 1, 2012 The FTSE 100 edged up this morning led by the financial and energy sectors, while heavyweights WPP and Man Group reporting strong results. London’s blue chip index gained despite losses in the US and Asia triggered by the Fed failing to signal and more stimulus measures and mixed economic data out of China. Factory figures [...]
CapCo enjoys value hike and sells properties in West End February 29, 2012 CAPITAL & COUNTIES (CapCo), the owner of Covent Garden Market and Earl’s Court, has unveiled an 11.7 per cent hike in net asset value and the disposal of its West End properties. The listed developer reported a jump in NAV to 166p per share in 2011 thanks in part to a rise in its total [...]
More suitors woo Lloyd’s firm Hardy January 24, 2012 THE BATTLE to buy Lloyd’s of London insurer Hardy Underwriting is hotting up, after a pair of new bidders entered the fray. Montpelier Re and Mitsui Sumitomo are said to have expressed an interest in buying the firm and join a list of potential suitors that includes Lloyd’s rival Canopius, Bahrain based Arig and the [...]
FTSE gains fuelled by miners February 28, 2012 The FTSE 100 tracked overnight gains in Asia fuelled by lower oil prices and rising metal prices. Brent crude futures slipped to below $124 a barrel after a surge which had been triggered by fears over supply from the Middle East. A shortage would threaten to derail global growth and investors have been eyeing oil [...]
FTSE gains fuelled by miners February 28, 2012 The FTSE 100 tracked overnight gains in Asia fuelled by lower oil prices and rising metal prices. Brent crude futures slipped to below $124 a barrel after a surge which had been triggered by fears over supply from the Middle East. A shortage would threaten to derail global growth and investors have been eyeing oil [...]
FTSE up as Greek D-Day arrives February 20, 2012 Miners led the FTSE 100 upwards this morning as China moved to stimulate more growth in its economy and Eurozone chiefs were poised to finally sign a bailout agreement to save Greece. China’s central bank cut the amount of cash banks must hold in reserves, boosting lending capacity for the second time in nearly three [...]