FTSE hits a three-week low as fears of debt contagion in Eurozone take hold November 22, 2010 BBRITAIN’S top share index closed lower yesterday, hurt by banks and commodity stocks as initial upbeat sentiment over Ireland’s bailout subsided, giving way to fears over potential problems in other Eurozone countries. The FTSE 100 closed down 52 points, or 0.9 per cent, at 5,680.83, its lowest since October 29, retreating from 5,783.14 earlier in [...]
Hester: Banks to impose strict self limits on capital September 28, 2010 ROYAL Bank of Scotland chief executive Stephen Hester yesterday signalled his faith in the banking sector to act prudently in setting rigorous capital standards for itself above and beyond the scope of regulatory requirements. Hester, speaking yesterday at a conference organised by Bank of America Merrill Lynch, said he was not expecting a “one-off golden [...]
Mouchel calls in Deloitte as austerity bites December 2, 2010 MOUCHEL yesterday confirmed Deloitte has been drafted in to examine how far the firm’s future income could drop, sparking fears it could follow Connaught and Rok into administration. The engineering consulting and design group has been rocked by swingeing cuts in government spending, resulting in the haemorrhaging of contract income. Deloitte was called in by [...]
ANALYST VIEWS: WHAT DO YOU THINK OF ROBERT WALTERS’ RESULTS? October 6, 2010 KEAN MARDEN | ROYAL BANK OF SCOTLAND At the divisional level, Asia Pacific was softer than expected – according to the company this was driven by financial services hiring rather than a general loss of momentum around the Australian general election – and the UK’s stronger performance. CAROLINE DE LA SOUJEOLE | SEYMOUR PIERCE Robert [...]
HAYWARD: THIS YEAR’S HIGHEST PROFILE CEO December 6, 2010 CAUSE for former BP boss Tony Hayward to take comfort from the old adage, “all news is good news” – if he can. Data from media analysis firm Sweet & Maxwell reveals that he was the most high profile FTSE 100 chief executive in the last year. The beleaguered Hayward, who was banished from BP [...]
HAYWARD: THIS YEAR’S HIGHEST PROFILE CEO December 6, 2010 CAUSE for former BP boss Tony Hayward to take comfort from the old adage, “all news is good news” – if he can. Data from media analysis firm Sweet & Maxwell reveals that he was the most high profile FTSE 100 chief executive in the last year. The beleaguered Hayward, who was banished from BP [...]
Hodgson fears Torres switch October 20, 2010 NAPOLI VS LIVERPOOL LIVERPOOL manager Roy Hodgson has admitted striker Fernando Torres could jump ship for Manchester United if they lose their own prize asset, Wayne Rooney. Torres has emerged as the most likely target for Sir Alex Ferguson if, as expected, the United manager grants Rooney’s wish to leave Old Trafford. “I think I’d [...]
Hodgson fears Torres switch October 20, 2010 NAPOLI VS LIVERPOOL LIVERPOOL manager Roy Hodgson has admitted striker Fernando Torres could jump ship for Manchester United if they lose their own prize asset, Wayne Rooney. Torres has emerged as the most likely target for Sir Alex Ferguson if, as expected, the United manager grants Rooney’s wish to leave Old Trafford. “I think I’d [...]
UKFI to delay bank stake sale to influence lending October 25, 2010 PRIME Minister David Cameron yesterday indicated that the government will opt to retain its stakes in the banks for a while longer in order to influence their SME (small and medium sized enterprise) lending policies, rather than selling them off as soon as possible to maximise value for the taxpayer. Cameron, speaking at the CBI’s [...]
Lloyds Group tops ombudsman’s list for most complaints September 14, 2010 LLOYDS Banking Group topped the list of financial services companies that consumers have registered complaints with the Financial Ombudsman Service (FOS) about in the last six months, its latest figures revealed yesterday. Government-backed Lloyds TSB, was the subject of some 12,750 complaints during the six-month period. That was almost 5,000 more than Barclays Bank, which [...]