Thomas Cook soars on new banking deal November 28, 2011 Shares in Thomas Cook soared yesterday after the announcement of a new £200m bank facility to help secure the troubled tour operator’s survival. The travel firm’s banking syndicate – led by Barclays, HSBC, RBS and UniCredit – has agreed to replace the £100m short-term facility announced last Monday with this new provision, available until 30 [...]
Banks gain on US economic optimism January 5, 2012 BANKS led Wall Street to gains yesterday even as Europe struggled again, a sign investors are betting a relatively strong US economy will help US stocks outperform other markets. Overall gains were small, but banks advanced for a third day, supported by better-than-expected economic data. US financial shares continued to delink from their European peers [...]
Banks gain on US economic optimism January 5, 2012 BANKS led Wall Street to gains yesterday even as Europe struggled again, a sign investors are betting a relatively strong US economy will help US stocks outperform other markets. Overall gains were small, but banks advanced for a third day, supported by better-than-expected economic data. US financial shares continued to delink from their European peers [...]
Fresh nerves over euro debt put dampers on FTSE index January 5, 2012 BRITAIN’S blue-chip share index closed lower yesterday on growing fears that Eurozone countries and banks could struggle to tap markets this year. The FTSE 100 dropped 44.19 points, or 0.8 per cent, to close at 5,624.26, in tandem with most European indexes and the euro currency, after a French debt auction, though oversubscribed, failed to [...]
Fresh nerves over euro debt put dampers on FTSE index January 5, 2012 BRITAIN’S blue-chip share index closed lower yesterday on growing fears that Eurozone countries and banks could struggle to tap markets this year. The FTSE 100 dropped 44.19 points, or 0.8 per cent, to close at 5,624.26, in tandem with most European indexes and the euro currency, after a French debt auction, though oversubscribed, failed to [...]
Ruspetro IPO gets the nod January 17, 2012 THE Russian-based oil explorer Ruspetro became the first company in 2012 to get a London main market float off the ground yesterday as investors gave the thumbs-up to a $250m (£163m) fund-raising. Ruspetro priced the shares at 134p yesterday evening, towards the lower end of the range. But advisers said they were delighted with the [...]
Welcome to 2012’s two-speed world January 5, 2012 ON the face of it, it would seem that nothing changed during the holiday season. Take some of the news in today’s paper. Hungary is in ever-deeper crisis, the euro reached another 15-month low yesterday and Eurozone bank shares plunged, led by those of Italy’s UniCredit. Important stuff, certainly, but more of the same. It [...]
Bankers bid for €50m in bonus battle January 25, 2012 GERMAN investment bank Dresdner Kleinwort scrapped plans to pay €50m (£42m) in bonuses to its London traders even though the City regulator had been “breathing down its neck” over the loss of staff, a court has heard. Bankers were jumping ship to Goldman Sachs, Citigroup and Unicredit/HVB and the Financial Services Authority had become concerned [...]
Financials under pressure as Greek default fears rekindled January 9, 2012 BRITAIN’S FTSE 100 closed down yesterday with financials under pressure after a warning by German Chancellor Angela Merkel reignited fears of a Greek default, while GlaxoSmithKline fell on worries over its key lung drug Relovair. London’s blue chip index closed down 37.42 points or 0.7 per cent at 5,612.26, with volumes just 88 per cent [...]
CITY MOVES | WHO’S SWITCHING JOBS December 1, 2011 UniCredit The Italian commercial bank has hired Laurent Dupeyron, previously chief executive officer of Olympia Capital Management, to be the global head of wholesale and institution equity derivatives distribution. Prior to Olympia, from 1996 to 2008, he worked for Goldman Sachs in various positions in the equity derivatives and equity finance businesses, mostly as an [...]