UK banks sign up to tax code November 30, 2010 IN A last minute scramble the UK’s 15 largest banks have signed up to a government code of practice aimed at reducing tax avoidance, deputy prime minister Nick Clegg said yesterday. The code, which had a deadline of 30 November, but until October had only been supported by four of the 15, requires the banks [...]
BEST OF THE BROKERS December 8, 2010 XSTRATA Standard & Poor’s rates the miner “buy” with a target price of £14.61. The broker was impressed by the firm’s confident outlook at a recent investor day, when it announced $23bn extra investment over the next five years that S&P thinks will grow volumes by 80 per cent compared with 2009. It adds the [...]
Tesco trading update sends investors running for cover January 13, 2011 BRITAIN’S leading share index fell yesterday as a disappointing trading update from Tesco upset food retailers and tobacco stocks were hit by a broker’s downgrade. At the close, the FTSE 100 was down 26.84 points, or 0.4 per cent, at 6,023.88, after hitting a 31-month closing peak on Wednesday. Tesco was the biggest FTSE 100 [...]
OTHER PRIZE SPONSORS BY CATEGORY FOR THIS YEAR’S CITY A.M. AWARDS June 30, 2011 Saxo Bank is a global investment bank specialising in online trading and investment across the international financial markets. Saxo Bank enables private investors and institutional clients to trade forex, contracts for difference, exchange-traded funds, stocks, futures, options and other derivatives via multi-award winning online trading platforms, as well as offering professional portfolio and fund management. [...]
Government meeting with banks “constructive” but overshadowed by Cable December 21, 2010 GOVERNMENT ministers have said talks with bank bosses were “constructive” but their efforts to pressure them to rein in bonuses and step up lending have been overshadowed by the row engulfing Vince Cable. The business secretary, the coalition’s most vocal opponent of bankers’ pay, was at the meeting, but has spent the day under fire [...]
St Ives says sales starting to improve November 30, 2010 NICHOLAS BURGESS | ROYAL BANK OF SCOTLAND Aberdeen’s full-year result has beaten consensus forecasts, yet remains at a 15 per cent discount to the broader sector. Reporting pre-tax profit of £210m took the firm eight per cent ahead of consensus of £195m. The outperformance looks evenly spread between performance fees and management fees. JAMES HAMILTON [...]
ANALYST VIEWS: WHAT DO YOU MAKE OF ABERDEEN’S RESULTS? November 30, 2010 NICHOLAS BURGESS | ROYAL BANK OF SCOTLAND Aberdeen’s full-year result has beaten consensus forecasts, yet remains at a 15 per cent discount to the broader sector. Reporting pre-tax profit of £210m took the firm eight per cent ahead of consensus of £195m. The outperformance looks evenly spread between performance fees and management fees. JAMES HAMILTON [...]
New Year boom sees FTSE lifted over the 6,000 mark January 4, 2011 BRITAIN’S top shares rose sharply yesterday, the first session of 2011, lifted back above the key 6,000 level by heavyweight oil stocks and banks, as solid economic data prompted a return of investor risk appetite. Fresnillo, the Mexican silver miner, jumped 85p to £17.53 on revived talk that billionaire Carlos Slim might be taking a [...]
CITY MOVES | WHO’S SWITCHING JOBS December 9, 2010 Adam & Company The private bank has hired Graham Storrie as managing director. He joins from parent company Royal Bank of Scotland, where he was most recently managing director of specialist advice. He brings with him over 30 years of experience in banking, investments and advice, having worked for organisations such as Standard Life, where [...]
CITY MOVES | WHO’S SWITCHING JOBS December 9, 2010 Adam & Company The private bank has hired Graham Storrie as managing director. He joins from parent company Royal Bank of Scotland, where he was most recently managing director of specialist advice. He brings with him over 30 years of experience in banking, investments and advice, having worked for organisations such as Standard Life, where [...]