Troubled RBS loses Amlin brokership December 20, 2011 RBS HOARE Govett, the broking arm of RBS, shed another key client yesterday when insurer Amlin said it had switched advisers. Amlin, the biggest Lloyd’s of London insurer by market value, announced it had appointed Morgan Stanley and Numis Securities as its new joint brokers – replacing RBS Hoare Govett which had previously been its [...]
Troubled RBS loses Amlin brokership December 20, 2011 RBS HOARE Govett, the broking arm of RBS, shed another key client yesterday when insurer Amlin said it had switched advisers. Amlin, the biggest Lloyd’s of London insurer by market value, announced it had appointed Morgan Stanley and Numis Securities as its new joint brokers – replacing RBS Hoare Govett which had previously been its [...]
Commodities fuel FTSE gains January 3, 2012 The FTSE 100 was off to a positive start this morning led upwards by commodity stocks which were boosted by strong data from China. Asian markets were given a lift as the official Chinese purchasing managers’ index indicated a rise in factory activity in December and London followed suit. Industrial metals such as copper rose [...]
Hardy again in sights of rival Beazley December 21, 2011 BRITISH insurer Beazley is hatching a new plan to take over Hardy Underwriting, a year after abandoning an initial move on its smaller rival. The potential bid would comes at a time of consolidation in the Lloyd’s of London insurance market. Beazley revealed it was interested in talks following Hardy’s announcement this month of a [...]
LLOYDS TRADER, A BORIS BIKE, AND THE APPEAL December 12, 2011 THERE seems to be no limit to the feats of endurance some City workers will perform for a good cause. For Opportunity International, the charity behind City A.M.’s Christmas appeal, one brave Lloyds Banking Group trader decided to tackle a 200-mile bike ride in less than 24 hours. What made the challenge particularly gruelling was [...]
Investors waiting for Greece put the brakes on FTSE rally February 8, 2012 BRITAIN’S blue chips closed a touch lower yesterday as investors awaited more clarity on a Greek debt deal. Greek party leaders gathered to agree reforms needed to secure a new EU/IMF rescue package necessary to avoid a chaotic default that would aggravate Europe’s financial crisis. Rating agency Standard & Poor’s added pressure on negotiations between [...]
Resource stocks lift FTSE as Eurozone closes in on Greece debt deal January 23, 2012 The FTSE 100 started in positive territory this morning — with hopes that Eurozone finance ministers can nail down a final agreement over the festering Greek debt pile on the rise. Banking shares across Europe were buoyed by renewed optimism that Greece can avert a default which would derail the bloc’s efforts to stabilize struggling [...]
Resource stocks stoke FTSE gains January 10, 2012 The FTSE 100 saw solid gains this morning as resource and energy stocks were boosted by upbeat forecasts from US aluminium giant Alcoa and figures showing growing demand from China. Alcoa, the largest US aluminium producer, reported fourth-quarter revenue that beat Wall Street expectations, even though it registered a loss. The earnings news had a [...]
CITY MOVES | WHO’S SWITCHING JOBS January 5, 2012 Plethora Solutions Holdings James Mellon has been appointed as a non-executive director of the urological products developer. Mellon started his career with GT Management, and later became the co-founder and managing director of Thornton Management (Asia), based in Hong Kong. He is also co-founder of Regent Pacific Group and Charlemagne Capital, chairman of Manx Financial [...]
CITY MOVES | WHO’S SWITCHING JOBS January 5, 2012 Plethora Solutions Holdings James Mellon has been appointed as a non-executive director of the urological products developer. Mellon started his career with GT Management, and later became the co-founder and managing director of Thornton Management (Asia), based in Hong Kong. He is also co-founder of Regent Pacific Group and Charlemagne Capital, chairman of Manx Financial [...]