THE TIPSTER August 8, 2010 LAST week, Royal Bank of Scotland (RBS) released positive earnings, which followed upbeat performances from HSBC, Barclays and Lloyds Banking Group, indicating a recovery of the UK banking sector. An inverse head and shoulders bullish pattern is noted on daily charts of RBS and an important level of 49.7p has been broken, signalling further gains. [...]
CITY VIEWS: DID TONY HAYWARD MAKE THE RIGHT MOVE? July 27, 2010 CHRIS HOPKINS | LLOYD’S OF LONDON “From a PR perspective, it was a smart move, especially putting an American at the top of running the show. Tony Hayward made one too many gaffes and shot himself in the foot. As a company you always want your head to be more of a political figure.” RAFIQUE [...]
CITY MOVES | WHO’S SWITCHING JOBS August 17, 2010 World Gold Council The WGC has appointed David Badham as head of investment marketing for Europe, effective immediately. Badham joins from the Royal Bank of Scotland, where he was head of communications and marketing for the global markets division in the EMEA region. Prior to the acquisition of NatWest by RBS in 2000, he was [...]
CITY MOVES | WHO’S SWITCHING JOBS August 17, 2010 World Gold Council The WGC has appointed David Badham as head of investment marketing for Europe, effective immediately. Badham joins from the Royal Bank of Scotland, where he was head of communications and marketing for the global markets division in the EMEA region. Prior to the acquisition of NatWest by RBS in 2000, he was [...]
Santander to snap up RBS outlets August 2, 2010 BANKING group Santander is poised to announce its purchase of over 300 branches from Royal Bank of Scotland today, allowing the Spanish giant to significantly boost its presence on the British high street. Santander is set to end months of speculation by confirming it will buy the 318 branches that RBS acquired under the Williams [...]
BEST OF THE BROKERS July 29, 2010 EASYJET easyJet revealed strong revenue trends for the third quarter, according to Royal Bank of Scotland (RBS), which said it was, however, lower than expected. Profit guidance was unchanged as the volcano impact was confirmed at the top of the range. RBS reiterates its “hold” rating, noting operational instability is leading to incremental costs. CENTRICA [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 19, 2010 THE SUNDAYS The Sunday Telegraph CHEYNE CAPITAL SHUTS EQUITY FUND AFTER POOR PERFORMANCE London-based hedge fund Cheyne Capital has closed a much-heralded equities fund only a year after it opened. The fund, which it is believed was equivalent to around 1 per cent of the approximate £5bn Cheyne has under management, closed after a dissapointing [...]
Paulson plans to launch retail version of flagship hedge fund July 22, 2010 JOHN Paulson, the hedge fund tycoon who made millions betting against British banks during the financial crisis, is planning to launch a retail version of his flagship portfolio. New York-based Paulson & Co is marketing a mirror of its Advantage fund which would be based in Europe and open to high street investors and institutions. [...]
Bidding war for state’s banking assets boosts FTSE 100 as financials rally July 8, 2010 BANKS lifted Britain’s top shares yesterday, with Royal Bank of Scotland and Lloyds Banking Group top performers on reports that a new bid vehicle will seek to buy British banking assets. The FTSE 100 index was up 90.63 points, or 1.8 per cent, at 5,105.45, rising for a third consecutive day. It closed up 49.82 [...]
Bidding war for state’s banking assets boosts FTSE 100 as financials rally July 8, 2010 BANKS lifted Britain’s top shares yesterday, with Royal Bank of Scotland and Lloyds Banking Group top performers on reports that a new bid vehicle will seek to buy British banking assets. The FTSE 100 index was up 90.63 points, or 1.8 per cent, at 5,105.45, rising for a third consecutive day. It closed up 49.82 [...]