Bullish brokers boost banks as energy and mining stocks sag March 28, 2011 BULLISH broker comment helped push the banking sector higher yesterday, as Britain’s top share index neared key technical resistance levels after its recent rally, with commodity stocks weighing on the upside. The FTSE 100 closed 3.73 points, or 0.1 per cent, higher at 5,904.49, near its 50-day moving average of 5,933.83. The index has traded [...]
DO-GOODING HEDGE FUND AUTHORS STRIP MEAT OFF MERVYN’S BONES October 14, 2010 FOLLOWING on from The Capitalist’s coverage of the launch of The Gathering Storm – a compilation of essays by hedgies, with all proceeds going to charities chosen by the writers – the book’s august authors gathered yesterday for cucumber sandwiches and wine at the Centre for the Study of Financial Innovation. As the discussion galloped [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
What the other papers say this morning March 1, 2011 FINANCIAL TIMES TOP 10 HEDGE FUNDS MAKE $28BN The top 10 hedge funds made $28bn for clients in the second half of last year, $2bn more than the net profits of Goldman Sachs, JPMorgan, Citigroup, Morgan Stanley, Barclays and HSBC combined, according to new data. Even the biggest of the hedge funds have only a [...]
There’s no place like Cheltenham March 13, 2011 A is for Atmosphere – The roar of the tapes going up for the start of the Supreme Novices’ Hurdle is enough to send shivers down the spine of the calmest of human beings. When the commentator mentions the hot favourite “is absolutely cruising” rounding the home turn, the noise carries you along. B is [...]
Hammering away at the property auction myths March 10, 2011 WITH repossessions on the rise, property auctions are a topic on everybody’s lips. While you might not be interested in a flat in Ireland, the increasing supply of homes under the hammer has certainly sparked the British public’s interest in the market. Charles Lucas, an auction expert at Chesterton & Humberts, says there are more [...]
Ashbrittle looks massive at 33/1 to land Cesarewitch for Beckett October 6, 2011 NEWMARKET stages its ‘Future Champions Day’ tomorrow with four Group races for two-year-olds featuring both the Dewhurst and the Middle Park Stakes. The latter is first up at 2.35pm over six furlongs and my eye was immediately drawn to French raider FAMILY ONE at a general 7/2. He’ll be making his seventh start of the [...]
Rolls-Royce is boosted by BA engine order January 6, 2011 ROLLS-ROYCE enjoyed a boost to its shares yesterday after signing a £3.2bn contract with British Airways for its Trent 900 and Trent 1000 engines. Confirmation of the deal, which was first mooted in 2007, will allow Rolls-Royce to book the orders on its balance sheet. Rolls-Royce chief executive Sir John Rose said: “We are pleased [...]
Swannell plans to juggle HMV and Marks & Spencer roles August 23, 2010 FORMER dealmaker Robert Swannell will remain on the board of HMV after taking the chair of Marks & Spencer in January, it is understood. Swannell, whose appointment as Sir Stuart Rose’s replacement was confirmed yesterday, will divide his time between the structurally challenged music chain and the all-purpose retailer. He will step down from the [...]