City Moves for 8 October 2014 | Who’s switching jobs October 7, 2014 Carmignac Group Obe Ejikeme has been appointed quantitative equity analyst in the asset manager’s fund management team. He was previously head of European equity and quantitative strategy at Bank of America Merrill Lynch, and has also worked at FactSet Research Systems. Old Mutual Global Investors The asset management firm has announced the appointment of Ian [...]
From Danish sperm and Ukip voters to banking stress tests and Tesco’s criminal probe: 10 things we learned this week October 31, 2014 There was plenty keeping us busy this week, and not all of it was Halloween related. What were the top 10 things we learned? 1. An inadvertent comment by a Royal Bank of Canada employee cost the firm several million dollars. The bank had been working on the record-breaking Alibaba IPO but voluntarily withdrew [...]
Giving: The City’s secret hobby December 18, 2014 With hundreds of millions given away each year, the financial services industry is one of the most charitable around. On the day they call the Notting Hill Carnival of the City, employees of leading brokerage firm ICAP come into work in fancy dress for an afternoon of trading, with all revenues raised going to charity. [...]
Singapore fund crashes into RAC stock market float plans September 23, 2014 RAC, the roadside recovery group that has been preparing itself for a £2bn flotation in London, is understood to be in takeover talks with GIC, the Singapore sovereign wealth fund. Sources said last night that RAC’s initial public offering timetable had come to a halt to allow talks to be held between private equity group [...]
Dealmaking hopes snap five-day losing streak for the FTSE – London Report July 28, 2015 HOPES for corporate deal-making and robust corporate results offset market turmoil in China and worries about emerging-market growth yesterday. The FTSE 100 index closed up 0.8 percent at 6,555.28 points, while the pan-European FTSEurofirst 300 index rose one per cent. RSA Insurance soared 18 per cent on news Zurich Insurance was considering a takeover bid. [...]
Uber taxi app: Founder Travis Kalanick’s plan to rid London of a million cars October 5, 2014 London will be less congested and less polluted, app founder tells Oliver Smith Travis Kalanick outlined what might be his most ambitious goal yet on Friday. Speaking to more than 2,000 business delegates at the Institute of Directors annual convention in the Royal Albert Hall, Kalanick said his four-year-old startup would aim to take a [...]
Ebola: Briton with the disease to be flown home August 24, 2014 A Briton who contracted the Ebola virus in Sierra Leone is to be flown back to the UK for treatment. The patient, who is as yet unnamed, is currently on an RAF flight destined for London. Once arrived, he or she will be taken to the Royal Free Hospital in London. According to reports, the [...]
Put your house on it …price boom ends October 8, 2014 HOUSE price growth slowed in September, an influential report from Halifax showed yesterday, adding to evidence that activity in the UK’s rampant property market was moderating. Prices rose 0.6 per cent last month and 9.6 per cent in the past year. But this still-substantial growth marks a continued slowdown from the annual growth of 10.2 [...]
FTSE wipes all 2015 gains as commodity stocks take a tumble – London Report July 27, 2015 The FTSE fell back to where it started this year, erasing all its gains made since January, down 8.4 per cent since hitting a record high in April. The blue-chip FTSE 100 index ended 1.1 per cent lower at 6,505.13 points, in its longest losing streak so far in 2015. Fears for economic [...]
FTSE falters as miners and oil stocks crumple – London Report August 19, 2015 THE FTSE 100 ended lower for a sixth consecutive session yesterday, dragged down by mining stocks as copper prices continue to trade near six-year lows. The blue chip index ended down 0.38 per cent, or 24.01 points, at 6,526.29, more than eight per cent below its record high of 7,122.74, reached in April. However, the [...]