Downgrade bombshell puts brakes on FTSE gains December 6, 2011 The brakes were slammed on the recovery in European markets this morning after ratings agency Standard and Poor’s warned 15 Eurozone countries – including Germany – that they were teetering on the edge of a downgrade. Asian stocks and the euro fell after S&P piled pressure on a plan to solve the region’s debt crisis [...]
London 2012 IMAGE OF THE WEEK October 20, 2011 LONDON 2012 | HEROES Richard Whitehead and local hero Scott Moorhouse launch Lloyds TSB’s Paralympic Torch Relay campaign. Between now and the start of the 2012 Olympic and Paralympic Games, City A.M. is publishing its Olympic Image of the Week. We welcome photographs from all sources – sponsors, athletes, local businesses, commuters, local residents – [...]
CITY MOVES | WHO’S SWITCHING JOBS December 4, 2011 Tenemos The banking software provider has appointed former SAP executive Dr Bernd-Michael Rumpf as global head of the company’s customer services group, reporting to chief executive Guy Dubois. Bernd-Michael previously spent 12 years at SAP, where his executive roles included head of field services and support. Prior to that, he was chief executive of SAP [...]
Year-end portfolio reshuffles help to boost the FTSE 100 December 22, 2011 BANKS buoyed the FTSE 100 yesterday as Goldman Sachs analysts said the take-up by lenders of ECB loans should be seen as an “important positive” and market bulls attempted to push the index through important technical levels. London’s blue chips closed up 67.23 points, or 1.3 per cent, at 5,456.97, although the index failed to [...]
FTSE falls on grim manufacturing data December 1, 2011 Investors’ sentiment dampened in London in early trading as negative factory figures from China put the brakes on yesterday’s market rises. The gains were fuelled by central banks moving to stimulate credit. China’s factory sector shrank in November for the first time in three years in the face of weakening demand both at home and [...]
CITY VIEWS: ARE YOU WORRIED ABOUT THE STATE OF THE UK ECONOMY? October 26, 2011 PETE GOAD | LLOYD’S OF LONDON “I am not overly concerned at the moment; it is definitely getting worse but I have every confidence that it will turn around over the next couple of years.” PAUL CLAYTON | JRP UNDERWRITING “Not really, not more than it was worrying me 20 years ago. What increasingly affects [...]
CITY VIEWS: ARE YOU WORRIED ABOUT THE STATE OF THE UK ECONOMY? October 26, 2011 PETE GOAD | LLOYD’S OF LONDON “I am not overly concerned at the moment; it is definitely getting worse but I have every confidence that it will turn around over the next couple of years.” PAUL CLAYTON | JRP UNDERWRITING “Not really, not more than it was worrying me 20 years ago. What increasingly affects [...]
German insurer set to test new issues market November 28, 2011 THERE is some positive news from Hannover, where Talanx Group, Germany’s third largest insurance entity, is considering a flotation. According to sources, there’s already been a beauty parade of potential advisers and a timetable should follow in short order. There’s one adviser in situ; Rothschild has been appointed to advise Talanx on the sale. The [...]
CITY VIEWS: WOULD YOU USE NETFLIX? October 24, 2011 PETER GODFREY | JRP UNDERWRITING “Yes. I have used similar things in the past. Whether I use this new one over the previous ones like LoveFilm depends mainly on the cost.” ALAN WALSH | LLOYD’S OF LONDON “I would not subscribe to Netflix. As I work in the City there isn’t very much time for [...]
CITY VIEWS: WOULD YOU USE NETFLIX? October 24, 2011 PETER GODFREY | JRP UNDERWRITING “Yes. I have used similar things in the past. Whether I use this new one over the previous ones like LoveFilm depends mainly on the cost.” ALAN WALSH | LLOYD’S OF LONDON “I would not subscribe to Netflix. As I work in the City there isn’t very much time for [...]