Storm clouds pass as market recovers August 15, 2011 The FTSE 100 edged up this morning as the market recovery continued to gain traction. Following gains in Asia overnight London’s blue chip index opened down but quickly regained its footing. The gains came ahead of a crucial summit between France and Germany tomorrow to hammer out a solution to the Eurozone debt crisis which [...]
Banks rally but City frets over ringfence August 30, 2011 BRITISH banks’ share prices rallied dramatically yesterday as London played catch up with world markets after Monday’s holiday. Analysts said that investors were pricing in the possibility of further quantitative easing due to the Federal Reserve’s September meeting being extended from one to two days. But UK lenders were also helped by a bullish note [...]
At a glance: everything you need to know from the Vickers report September 12, 2011 ICB: THE BENEFITS OF RING-FENCING Sir John Vickers, chair of the Independent Commission on Banking (ICB), stuck to his guns in insisting that his ring-fence proposal is the best way to ensure Britain’s banks are more stable and do not require costly bailouts if they fail. His main argument is that a ring-fence will make it easier to [...]
Hiscox backs Bermuda tax base as catastrophes push it to £86m loss August 1, 2011 LLOYD’S insurer Hiscox said record levels of catastrophes over the past six months pushed it to an £85.6m pre-tax loss yesterday. Hiscox’s chief executive Bronek Masojada told City A.M. the period had been “very active” and 2011 would be “a record-breaking year” for disasters, but played down the impact on the insurer. “This is not [...]
A rally in commodities gives a rare fillip to the FTSE 100 September 6, 2011 A RALLY by hard-pressed commodity issues hauled Britain’s top share index higher yesterday as investors fished choppy waters for bargains after sharp falls in the past two sessions. At the close, the FTSE 100 index was up 54.26 points, or 1.1 per cent, at 5,156.84, having hit a peak of 5,190.2 in the morning and [...]
A rally in commodities gives a rare fillip to the FTSE 100 September 6, 2011 A RALLY by hard-pressed commodity issues hauled Britain’s top share index higher yesterday as investors fished choppy waters for bargains after sharp falls in the past two sessions. At the close, the FTSE 100 index was up 54.26 points, or 1.1 per cent, at 5,156.84, having hit a peak of 5,190.2 in the morning and [...]
FTSE edges up as investors eye US strategy August 31, 2011 The FTSE 100 opened solidly this morning as investors kept their eyes on the situation across the Atlantic with hopes still alive that the US Federal Reserve will trigger stimulus measures to boost the struggling economy. US stocks rose for a third straight day yesterday in a volatile session, after minutes from the latest Federal [...]
FTSE edges up as investors eye US strategy August 31, 2011 The FTSE 100 opened solidly this morning as investors kept their eyes on the situation across the Atlantic with hopes still alive that the US Federal Reserve will trigger stimulus measures to boost the struggling economy. US stocks rose for a third straight day yesterday in a volatile session, after minutes from the latest Federal [...]
JLT reaps emerging markets rewards July 29, 2011 Insurance broker Jardine Lloyd Thomson said its expansion into emerging markets had driven a 17 per cent increase in its retail business and ten per cent increase in its business to business broking lines. The group, which now operates in 130 countries, said its revenues and pre-tax profits each grew by a healthy nine per [...]
JLT reaps emerging markets rewards July 29, 2011 Insurance broker Jardine Lloyd Thomson said its expansion into emerging markets had driven a 17 per cent increase in its retail business and ten per cent increase in its business to business broking lines. The group, which now operates in 130 countries, said its revenues and pre-tax profits each grew by a healthy nine per [...]