WHAT THE OTHER PAPERS SAY THIS MORNING September 19, 2011 FINANCIAL TIMES SIEMENS SHELTERS CASH AT ECB Siemens withdrew more than half a billion euros in cash deposits from a large French bank two weeks ago and transferred it to the ECB, in a sign of how companies are seeking havens amid Europe’s sovereign debt crisis. The German industrial group withdrew the money partly because [...]
CITY MOVES | WHO’S SWITCHING JOBS September 1, 2011 Brooks Madonald Funds The fund management arm of Brooks Macdonald Group has appointed Mark Watson as new business development manager. Watson, based in Brooks Macdonald’s London office in Mayfair, will develop relationships with IFAs, discretionary fund managers and other business professionals to promote BMF’s fund proposition. He joins from Zurich Assurance Company, where he worked [...]
FTSE flat after Slovak vote blow October 12, 2011 The FTSE 100 was flat this morning after Slovak lawmakers rejected a plan to expand the Eurozone rescue fund and the US earnings season kicked off with disappointing results. Slovakia’s decision rattled world markets as the plan — which would see Greece saved from economic abyss through new loans — is central to hopes that [...]
Jobs data boosts FTSE but US markets falter October 7, 2011 London stocks have closed slightly higher after better-than-expected US jobs figures prompted an afternoon rally, but US markets remain down after fresh downgrades of Spain and Italy. The FTSE 100 index spiked sharply when US figures showed 103,000 new jobs created, and while it gave up most of the gains it still closed up 0.2 [...]
Global markets hammered by US and China gloom September 22, 2011 The FTSE 100 plunged on opening today as a bleak view of the US economy from the Fed and fears over a slowdown in China – a key engine room in the global economy – took their toll. London tracked hefty falls on Wall Street and in Asia with the Hang Seng in Hong Kong [...]
BUSINESS HONOURS FOR INDIAN TYCOONS October 20, 2011 THERE was a reason Boris Johnson couldn’t attend the launch of Sonia Purnell’s Just Boris biography on Tuesday night. The London mayor was otherwise engaged presenting KP Singh, the chairman of India’s largest real estate developer DLF, with the entrepreneur of the year award at the Asian Awards. Singh, the Forbes billionaire who has made [...]
Banks breathe new life into markets September 16, 2011 Markets across Europe regained their footing today as moves by Eurozone chiefs to provide more liquidity buoyed banking stocks. Five central banks yesterday released potentially unlimited dollar liquidity to breathe new life into flagging world markets. A meeting today between US Treasury Secretary and European finance ministers to discuss leveraging the bloc’s bailout fund was [...]
Banks breathe new life into markets September 16, 2011 Markets across Europe regained their footing today as moves by Eurozone chiefs to provide more liquidity buoyed banking stocks. Five central banks yesterday released potentially unlimited dollar liquidity to breathe new life into flagging world markets. A meeting today between US Treasury Secretary and European finance ministers to discuss leveraging the bloc’s bailout fund was [...]
London grows at fastest rate for 16 months August 7, 2011 BUSINESS activity in London grew at its fastest rate for 16 months in July, according to a Lloyds TSB survey released today. Output grew in all regions except Northern Ireland, but London led the way with “by far the strongest expansion”. “July’s survey data points to an uneven regional recovery, with London advancing clear of [...]
MAYFAIR’S FINANCIERS HELP EAT ALL THE PIES October 18, 2011 PIES AND prosecco were yesterday on the menu at Dartmouth House at Mayfair’s answer to the long-running annual Gull’s Eggs lunch. Mayfair hedge fund managers met hotel brokers at the Macmillan Cancer Support fundraiser, including Jones Lang LaSalle’s Jonathan Goldman, who has a personal connection to the cause, having recently endured a 20-hour operation for [...]