City Moves for 23 July – Who’s switching jobs at RBC Capital Markets, Capital Group and Ergomed? July 22, 2019 Today’s City Moves includes RBC Capital Markets, Capital Group and Ergomed. RBC Capital Markets RBC Capital Markets has hired Allison MacKinnon – who will join the European debt capital markets (DCM) business – as a managing director, head of UK corporate DCM. Allison joins from ANZ where she was responsible for DCM, rates, FX, and [...]
City Moves for 15 July – Who’s switching jobs at IPSX, Cushman & Wakefield and RBC Capital Markets? July 15, 2019 Today’s City Moves includes IPSX, Cushman & Wakefield and RBC Capital Markets. IPSX IPSX Group, which operates the world’s first regulated securities exchange dedicated to commercial property, has announced two new senior leadership appointments as it prepares for its first listings. David Delaney will become IPSX’s group chief executive and Roger Clarke will take up [...]
RPS blames Aussies for share price collapse July 3, 2019 By Graeme Evans from interactive investor. Profit forecasts slashed and rising debt threatening the dividend, will this crash attract bidders? A recovery for RPS Group (LSE:RPS) since an October profit warning has proved to be short-lived after Australia’s slowing economy derailed progress at the environmental consultancy. The latest warning sent shares in the Abingdon-based business crashing by as much as [...]
Serco tried to merge with struggling Babcock June 16, 2019 Outsourcing giant Serco has tried twice to merge with its considerably bigger rival Babcock as they both grapple with a tough industry. Serco’s chair, Sir Roy Gardner, reportedly contacted Mike Turner, who heads Babcock’s board, at the end of 2018. Turner rejected the proposal, the Sunday Times reported. However, this did not stop Serco from [...]
Babcock charts its way back to success with plan to bolster earnings growth June 5, 2019 Babcock draws up plan to boost earnings growth
Petra Diamonds finds its second largest diamond at mine which produced crown jewel stones March 31, 2019 Petra Diamonds found the second largest diamond in its history last week in the South African mine where the world’s biggest stone was found over a century ago. The 425.1 carat diamond is a type II – the most collectable form which only makes up a fraction of global stocks. It is also completely colourless. [...]
Metrobank shares plunge as cash call spooks investors February 26, 2019 A fresh wave of investor concern loomed over Metro Bank tonight after an emergency cash call and news of a regulator probe spooked the City. The dog-friendly challenger bank made a shock move to rush out its full-year results this evening in a bid to quell concerns after announcing a plan to tap up investors [...]
A terrible year for deaths in 2018 could boost insurers’ balance sheets February 21, 2019 A grim year for deaths in 2018 could see insurers flush with cash as they release reserves earmarked for paying incomes to pensioners. According to analysts at Royal Bank of Canada (RBC) Capital Markets 2018, was “the worst year for deaths this millennium” with a prediction that the soon-to-be-published mortality tables used by UK insurers [...]
Off road: Is the car industry in reverse? January 14, 2019 The automotive industry faces recession and decline. Driverless cars are on the horizon, but has the moment for motors already passed? The first Model T Ford rolled off the production line in 1908. Available in “any colour… so long as it is black”, in the words of magnate Henry Ford, the car marked a breakthrough [...]
Fresnillo share price drops as Morgan Stanley warns of new Mexican laws November 22, 2018 Shares in mining giant Fresnillo fell today as the company was hit by a downgrade from Morgan Stanley. Fresnillo, which owns and operates gold and silver mines in Mexico, might be impacted by a string of newly proposed laws, Morgan Stanley said in a note to investors. The note sent shares in the FTSE 100 [...]