Stocks suffer on global growth fears June 6, 2011 Stocks have fallen this morning on a hangover from weak US employment data on Friday, and falls in Asian markets overnight. US non-farm payroll data showing just 54,000 new jobs were created in May shocked the markets, leaving the Nasdaq 1.5 per cent lower. In Asia, the Nikkei fell to an 11-week closing low today [...]
Stocks suffer on global growth fears June 6, 2011 Stocks have fallen this morning on a hangover from weak US employment data on Friday, and falls in Asian markets overnight. US non-farm payroll data showing just 54,000 new jobs were created in May shocked the markets, leaving the Nasdaq 1.5 per cent lower. In Asia, the Nikkei fell to an 11-week closing low today [...]
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. [...]
CITY MOVES | WHO’S SWITCHING JOBS May 30, 2011 BDO The accounting and professional services firm has appointed Tom Taylor as a risk director. Before joining BDO, Taylor worked at Lloyds Banking Group for four years, where he worked as chief risk officer and operations director in the bank’s European insurance operation. Prior to that, Taylor spent seven years as a director at Ernst [...]
Hammerson’s Nelson to be Lloyd’s chair April 18, 2011 JOHN Nelson, chairman of shopping centre developer Hammerson, was named the next chair of the Lloyd’s of London insurance market yesterday. Nelson, who is also deputy chairman of home improvement firm Kingfisher, will take over from long-standing chair Lord Levene in October. He will receive a £525,000 salary plus benefits for the post, which will [...]
Banks and commodities fall as Greek debt crisis lingers June 20, 2011 BANKS and commodity stocksdragged Britain’s top index lower yesterday, as Greece’s lingering debt crisis looks likely to stall the FTSE’s progress near-term, analysts said. Investors reacted negatively after European finance ministers postponed a final decision on extending a further €12bn in emergency loans to Greece. The International Monetary Fund weighed in, saying it needed to [...]
Economic shocks sent FTSE back below the 6,000 mark June 1, 2011 BRITAIN’S top share index dropped back yesterday as below-par US economic pointers and weak UK manufacturing and housing data intensified investor concerns about the strength of the global economy. At the close, the FTSE 100 index was down 61.38 points, or one per cent, at 5,928.61, reversing sharply in the afternoon after briefly pushing back [...]
Strong miners give FTSE a boost May 26, 2011 STRENGTH in heavyweight mining stocks helped Britain’s top share index edge higher yesterday, countering slippage by banks on Eurozone debt concerns. At the close, the FTSE 100 was up 10.9 points, or 0.2 per cent at 5,880.99, well below a morning spike above the psychologically important 5,900 level to 5,910.77. “The overall impression … is [...]
FTSE edges down as IMF scandal cast shadow over markets May 16, 2011 The FTSE 100 fell in early trading as the arrest of IMF chief Dominique Strauss-Kahn threatened to derail crisis talks on eurozone debt. Strauss-Kahn, who denies a sexual assault charge in the US, was a pivotal player in tackling the eurozone debt mountain. A bailout package for Portugal is set to be given the green [...]