CITY MOVES | WHO’S SWITCHING JOBS November 1, 2010 RBC Capital Markets The corporate and investment bank has hired Mark Sartori as head of European trading and sales trading, and Calum MacInnes as head of European sales. Sartori, pictured, was most recently at Macquarie Securities, where he was head of financial institutions. He has also worked at Fox-Pitt Kelton, Cazenove and Credit Suisse. MacInnes [...]
CITY MOVES | WHO’S SWITCHING JOBS November 1, 2010 RBC Capital Markets The corporate and investment bank has hired Mark Sartori as head of European trading and sales trading, and Calum MacInnes as head of European sales. Sartori, pictured, was most recently at Macquarie Securities, where he was head of financial institutions. He has also worked at Fox-Pitt Kelton, Cazenove and Credit Suisse. MacInnes [...]
WHAT HAS ENABLED MAJESTIC TO BUCK THE TOUGH CONSUMER TREND? November 15, 2010 KEITH BOWMAN | HARGREAVES LANSDOWN The half-year performance has been underwritten by a management decision to reduce the minimum order from twelve to six bottles, with the initiative proving popular with both existing and new customers. KATHARINE WYNNE | INVESTEC Majestic’s move to the six-bottle minimum appears to have added another gear to what was [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 14, 2010 FINANCIAL TIMES INVESTOR IRE OVER SIG CHIEF’S PAY Investec Asset Management has hit out at the board of SIG for ignoring investor outcry about the amount its chief executive is being paid. Investec, which owns 3.3 per cent of the Sheffield-based insulation and plasterboard maker, has written a letter to SIG to protest against a [...]
Bookies’ favourite loses maiden race December 14, 2010 HORSERACING clichés at the ready: thoroughbred betting exchange Betfair has fallen at the first hurdle; the bookies’ favourite has failed to win its maiden race, after the jockey dropped his whip in the final furlong. Turning to another mammal, it’s hard to be anything but bearish on Betfair’s first half results. Core revenue might have [...]
ANALYST VIEWS: DO YOU EXPECT REVISIONS IN THE GDP GROWTH RATE? November 22, 2010 HOWARD ARCHER | IHS GLOBAL INSIGHT I suspect that the year-on-year growth rate may be trimmed to 2.7 per cent from the currently reported rate of 2.8 per cent but there are currently no indications that the third-quarter GDP growth rate of 0.8 per cent quarter-on-quarter will be revised down. MICHAEL SAUNDERS | CITIGROUP I [...]
RUBENS AND CHARLES I WATCH LUXURY GONGS November 15, 2010 THE great and good of the British luxury brands industry gathered for one of the biggest events of the year last night, as its lobbying group, Walpole, held its annual awards. In Whitehall’s Banqueting Hall, under the glow of a delicately lit ceiling of Rubens masterpieces and near the site where King Charles I was [...]
RUBENS AND CHARLES I WATCH LUXURY GONGS November 15, 2010 THE great and good of the British luxury brands industry gathered for one of the biggest events of the year last night, as its lobbying group, Walpole, held its annual awards. In Whitehall’s Banqueting Hall, under the glow of a delicately lit ceiling of Rubens masterpieces and near the site where King Charles I was [...]
WHAT WILL THIS WEEK’S INFLATION REPORT SIGNIFY? November 7, 2010 PETER DIXON | COMMERZBANK If the Bank’s growth forecasts are to be believed, the MPC ought logically to be more disposed towards the views of Andrew Sentance than Adam Posen, ie, raise interest rates. MICHAEL SAUNDERS | CITIGROUP Now that the policy rate is anchored close to zero, the release of the Inflation Report has [...]
Banks hoist FTSE back above 6,000 after a losing streak January 11, 2011 BANKS, lifted by upbeat broker comment, helped hoist Britain’s top share index back above the 6,000 level yesterday as investors shrugged off Eurozone debt worries for the time being. The FTSE 100 index closed up 57.73 points, or 1 per cent, at 6,014.03, snapping a three-day losing streak. Banks were the standout gainers after falls [...]