Strong earnings and Greek hopes cause FTSE to jump February 1, 2012 BULLISH company earnings reports and the prospect of Greece nearing a debt deal helped lift Britain’s FTSE 100 higher yesterday, while robust manufacturing data from China, the US and Europe boosted appetite for the mining sector. London’s blue chip index rose 109.11 points, or 1.9 per cent to 5,790.72. The index closed below 5,800, where [...]
Banks lead FTSE up after bond auctions boost January 13, 2012 Banks led the FTSE 100 up this morning as they were buoyed by tentative signs of recovery in the Eurozone. European shares and the single currency rose after positive comments on the region’s outlook from the European Central Bank and the success of Spain’s bond auction yesterday. Meanwhile Italy launched a €4.75bn bond auction today. [...]
Banks lead FTSE up after bond auctions boost January 13, 2012 Banks led the FTSE 100 up this morning as they were buoyed by tentative signs of recovery in the Eurozone. European shares and the single currency rose after positive comments on the region’s outlook from the European Central Bank and the success of Spain’s bond auction yesterday. Meanwhile Italy launched a €4.75bn bond auction today. [...]
UBS activists stay until 2012 December 19, 2011 SWISS bank UBS came under further criticism from a senior judge yesterday as it lost the latest round of a lengthy battle to evict protesters who have taken over its disused City office. Lord Justice Lloyd said activists at the “Bank of Ideas” can remain in the block until January and gave them permission to [...]
Miners fuel FTSE gains after China boost January 17, 2012 THE FTSE 100 was up this morning as better-than-expected economic data from China offset the damage caused to investor sentiment by S&P’s downgrade of the Eurozone’s rescue fund. China’s gross domestic product grew at an annual rate of 8.9 per cent from 9.1 per cent in the previous quarter, beating expectations for a 8.7 per [...]
CITY MOVES | WHO’S SWITCHING JOBS December 21, 2011 Cinven The private equity firm has made several appointments at Guardian Financial Services, the UK consolidator of closed life assurance funds acquired by Cinven in August. Jonathan Yates (pictured), formerly group finance director of Phoenix Group, joins as chief executive; Paul Dixon joins from Phoenix as chief investment officer; and Simon Davis, who previously ran [...]
CITY VIEWS: WOULD YOU SHOP IN THE CITY AT WEEKENDS? December 1, 2011 LUCY DILLAWAY | CALYX “I would if the trains were working. I live in East London, and the DLR is not always on. The trains aren’t consistent on the weekend, so it’s hard to come in. I’ll shop near home or online instead.” NICKY DOCKREE | AWD “Normally I’d go to the West End to [...]
Lloyds gets rid of half its holding in Thomas Cook November 23, 2011 THOMAS COOK’S largest stakeholder has ditched almost half of its shares, a day after the crisis-hit tour operator asked its bank lenders to come to its rescue for the second time in five weeks. Lloyds Banking Group sold around £4m worth of shares, shrinking its stake in the company from 8.96 to 4.67 per cent, [...]
London’s business growth slows to a 14 month low November 13, 2011 GROWTH in London’s business activity has plummeted to near-stagnation, according to the latest purchasing managers’ index (PMI) from Lloyds TSB and Markit. The index fell from a reading of 54.4 in September to a 14-month low of 50.4 last month, the survey showed. Scores of above 50 indicate some economic expansion. “Behind the overall slowdown [...]
London’s business growth slows to a 14 month low November 13, 2011 GROWTH in London’s business activity has plummeted to near-stagnation, according to the latest purchasing managers’ index (PMI) from Lloyds TSB and Markit. The index fell from a reading of 54.4 in September to a 14-month low of 50.4 last month, the survey showed. Scores of above 50 indicate some economic expansion. “Behind the overall slowdown [...]