FTSE has a rollercoaster day as US data undoes debt rally August 1, 2011 BRITAIN’S top share index shed 0.7 per cent yesterday after a rollercoaster session, with early strong gains on relief over a debt deal in Washington wiped out later by weak ISM data which threw the spotlight back on a faltering US economy. At the close, the FTSE 100 index was down 40.76 points, or 0.7 [...]
FTSE has a rollercoaster day as US data undoes debt rally August 1, 2011 BRITAIN’S top share index shed 0.7 per cent yesterday after a rollercoaster session, with early strong gains on relief over a debt deal in Washington wiped out later by weak ISM data which threw the spotlight back on a faltering US economy. At the close, the FTSE 100 index was down 40.76 points, or 0.7 [...]
CITY GRANDEES DEBATE FUTURE OF UK BANKING July 25, 2011 MAGIC circle law firm Freshfields Bruckhaus Deringer’s Fleet Street offices played host last night to a City crowd debating one of the most pertinent questions currently facing the UK’s politicians, regulators and bankers – whether the country’s biggest banks should be forcibly broken up, or whether other kinds of reforms are the best way forward. [...]
CITY MOVES | WHO’S SWITCHING JOBS May 22, 2011 AMEC The international engineering and project management group has appointed Deloitte’s John Connolly as its new chairman, to succeed Jock Green-Armytage. Connelly will retire from his current role as chief executive of Deloitte UK and global chairman of Deloitte Touche Tohamatsu on 31 May and will join the Amex board on 1 June. Connelly is [...]
CITY MOVES | WHO’S SWITCHING JOBS May 22, 2011 AMEC The international engineering and project management group has appointed Deloitte’s John Connolly as its new chairman, to succeed Jock Green-Armytage. Connelly will retire from his current role as chief executive of Deloitte UK and global chairman of Deloitte Touche Tohamatsu on 31 May and will join the Amex board on 1 June. Connelly is [...]
Banks take FTSE 100 to its fifth straight day of gains… June 30, 2011 BRITAIN’S top shares rose sharply yesterday after the Greek parliament passed a second austerity bill to secure emergency funds, with riskier assets such as oil stocks, banks and miners leading the charge higher. The FTSE 100 index closed up 89.76 points, or 1.5 per cent, at 5,945.71, its fifth consecutive day of gains, managing to [...]
FTSE digs in after gains July 5, 2011 The FTSE started solidly today after breaking the 6,000 barrier yesterday but bleak service sector data cast a shadow across European markets. Growth in the eurozone’s service sector slowed for a third straight month in June — sending negative signals to investors. The UK Markit/CIPS services PMI came in at 53.9 for June, down from [...]
Banks and commodities lift FTSE June 28, 2011 The FTSE 100 tracked gains in Asia and on Wall Street this morning as fears of an economic meltdown in Greece were eased with France moving to give the country a reprieve. Banking and commodity sectors saw a lift as new life was breathed into global markets. French President Nicolas Sarkozy said his country’s banks [...]
The big picture: London property July 10, 2011 Office Space IT’S a game of two halves for central London’s commercial property market: an early trip to the showers for the office sector, while the retail sector is playing into extra time. Across London’s core office pitches, from the financial zones of Canary Wharf and the City, to the media and head office blocks [...]
Europe’s debt disease threatens contagion June 27, 2011 THE Eurozone’s banks look perilously weak. Regulatory uncertainty and the Greek debt disaster present a bleak outlook. While the UK’s banks are much stronger, with less direct exposure to Greece, they too would be affected by a larger Eurozone implosion. Yet even if things go bad, there are opportunities for traders in Contracts for Difference [...]