Float to fuel new Energy Assets era March 19, 2012 GAS meter specialist Energy Assets has launched a £15m fundraising in a rare boost to the flagging IPO market. The company, which provides high-tech software to enable industrial and commercial companies to monitor their energy usage more accurately, is in line to be given a main listing on the FTSE on Thursday. Collins Stewart and [...]
Banks and mining stock fall on fear over Greece and Asia October 3, 2011 BRITAIN’S top share index began the final quarter of 2011 on a downbeat note as investors trimmed positions in banks and miners on familiar concerns over Greece’s debt problems and worries about growth in Asia. A 2012 draft budget approved by Greece’s cabinet on Sunday predicted a deficit of 8.5 per cent of gross domestic [...]
FTSE closes narrowly up after fight back from banks September 23, 2011 A strong rebound in banking stocks saw the FTSE end higher on Friday after a turbulent week, with investors pinning hopes on more action from the European Central Bank to deal with the region’s debt crisis. As traders cited market talk of help from France with some form of capital injection to bolster French banks’ [...]
FTSE ends in the red as hopes of intervention from Fed wane August 25, 2011 BRITAIN’S FTSE 100 fell yesterday, snapping three days of gains as investor hopes dwindled that Federal Reserve chairman Ben Bernanke would signal more stimulus measures and a rumour about a German short-selling ban triggered profit taking. The blue chip index fell deep into the red on talk a short selling ban may be enacted in [...]
CITY A.M. READERS TAKE ON A TRIATHLON: WHAT OUR TEAM LAUREUS RECRUITS SAID August 16, 2011 LAURA RAWSTRON | CITIGROUP It’s a daunting experience to reflect on. It really seems a great antidote to a world of such turbulent markets; what with the feelings of dignity, self-esteem, discipline and, of course, meeting some like-minded friends, it’s somehow enriching. ROBERT AKESTER | TOUCHBASE UNIFIED COMMUNICATIONS The chance to race in the heart [...]
CITY A.M. READERS TAKE ON A TRIATHLON: WHAT OUR TEAM LAUREUS RECRUITS SAID August 16, 2011 LAURA RAWSTRON | CITIGROUP It’s a daunting experience to reflect on. It really seems a great antidote to a world of such turbulent markets; what with the feelings of dignity, self-esteem, discipline and, of course, meeting some like-minded friends, it’s somehow enriching. ROBERT AKESTER | TOUCHBASE UNIFIED COMMUNICATIONS The chance to race in the heart [...]
Spotting the very best in charge and credit cards September 14, 2011 REMEMBER when the American Express Gold Card was the celebrity’s payment card of choice in the movies? Well, times have changed. Every bank is offering exclusive cards to its premium customers now – they’re always keen to sign up City high-fliers. But which bank is offering the best deal? Kevin Mountford from MoneySupermarket.com says: “None [...]
FTSE 100 ends higher after defensives lead a relief rally August 22, 2011 BRITISH blue-chip stocks rose to buck a three-session slide as dividend-yield hunters ploughed back into beaten-down defensive stocks, albeit in low volume, volatile trade that could have further to run, traders said. Vodafone, Royal Dutch Shell and GlaxoSmithKline added most points to the FTSE 100 index yesterday as the recent fall, which took six per [...]
Banks to take £7bn hit from Vickers reforms September 12, 2011 Britain’s banks should shield their retail operations from riskier investment banking units and boost capital levels to protect taxpayers from future crises, according to far-reaching proposals that could cost the industry £7bn a year. The Independent Commission on Banking (ICB) also said banks must hold core capital of at least 10 per cent in their [...]
FTSE at two-week low over poor data September 5, 2011 BRITAIN’S top share index was left nursing heavy losses yesterday after service sector data from China, the Eurozone and the UK intensified concerns the global economy is facing another recession. The FTSE 100 index ended down 189.45 points, or 3.6 per cent, at 5,102.58, its lowest close since 22 August, as global growth in services [...]