LISTED PRODUCT NEWS June 16, 2010 MAY RECORD ETF MONTH FOR BARCLAYS As the stock markets plummeted in May, ETF trading volumes picked up sharply, according to figures from Barclays Stockbrokers. Monthly trading volumes were at their highest on record – up 44 per cent on the previous month and up 52 per cent on May 2009. Barclays Stockbrokers said that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 13, 2010 THE SUNDAYS The Sunday Telegraph $2.6M BUFFETT LUNCH WON BY ANONYMOUS BIDDER A mystery benefactor has paid $2.6m (£1.8m) to meet with billionaire investor Warren Buffett for a business lunch. The Sage of Omaha auctioned his time in aid of a San Francisco charity. This year’s auction brought in 25 per cent more than any [...]
Brit Insurance June 14, 2010 BRIT INSURANCE has been a source of frustration to investors for some time. Before Apollo came along, the stock was trading on less than 0.7 times 2010 net tangible assets (NTA), a deeper discount than many of its peers on the generally undervalued Lloyd’s of London market. Quite what a large-scale US private equity player wants with a [...]
Trio of efficiency experts drafted in to mobilise review of spending June 15, 2010 THE government has appointed cost-cutting stalwarts Sir Peter Gershon, Dr Martin Read and Lucy Neville-Rolfe to advise on tackling waste in public services, the Cabinet Office announced yesterday. The trio will form part of the Efficiency and Reform Group which is charged with finding savings in procurement, property and workforce costs. All three have advised [...]
Trio of efficiency experts drafted in to mobilise review of spending June 15, 2010 THE government has appointed cost-cutting stalwarts Sir Peter Gershon, Dr Martin Read and Lucy Neville-Rolfe to advise on tackling waste in public services, the Cabinet Office announced yesterday. The trio will form part of the Efficiency and Reform Group which is charged with finding savings in procurement, property and workforce costs. All three have advised [...]
CITY MOVES | WHO’S SWITCHING JOBS June 24, 2010 Hogan Lovells The law firm has boosted its banking team by hiring Stuart Brinkworth from rival SJ Berwin. Brinkworth is a partner at SJ Berwin, where he specialises in leveraged buy-outs, public bids, trade purchases and recapitalisations. He recently acted on key deals including advising lenders to Manchester City FC in connection with the £210m [...]
CITY MOVES | WHO’S SWITCHING JOBS June 24, 2010 Hogan Lovells The law firm has boosted its banking team by hiring Stuart Brinkworth from rival SJ Berwin. Brinkworth is a partner at SJ Berwin, where he specialises in leveraged buy-outs, public bids, trade purchases and recapitalisations. He recently acted on key deals including advising lenders to Manchester City FC in connection with the £210m [...]
BP May 26, 2010 LLOYD’S of London syndicates are taking BP to court to stop it from claiming on cover held by rig operator Transocean. But the oil spill is a drop in the ocean compared to other disasters. This year is set to be a relatively quiet year for the insurance market. These syndicates are only launching legal [...]
Bank and industry stocks up as FTSE 100 breaks 5,300 July 22, 2010 The FTSE 100 index jumped 1.9 per cent yesterday, boosted by strong banks ahead of today’s European stress test results, and by firmer miners and oils as US stocks rallied on earnings and data. Britain’s top share index closed up 99.17 points at 5,313.81, ending above 5,300 for the first time since 18 May, the [...]
Bank and industry stocks up as FTSE 100 breaks 5,300 July 22, 2010 The FTSE 100 index jumped 1.9 per cent yesterday, boosted by strong banks ahead of today’s European stress test results, and by firmer miners and oils as US stocks rallied on earnings and data. Britain’s top share index closed up 99.17 points at 5,313.81, ending above 5,300 for the first time since 18 May, the [...]