Mining stocks lead weaker banking and power firms December 2, 2009 Britain’s leading share index ended 0.3 per cent higher yesterday as mining firms gained on the back of higher commodity prices, outpacing some weakness in banks and energy stocks. The FTSE 100 closed 15.22 points higher at 5,327.39, adding to Tuesday’s strength when the index recorded its biggest one-day gain in more than four months [...]
DO YOU WELCOME CONFIRMATION OF THE BREAK-UPS? November 3, 2009 PAUL MUMFORD CAVENDISH AM“The agreement to limit cash bonuses at both banks is evidently a political gesture rather than a move designed to tackle the structure of the financial system or remuneration itself.” JOHN CRIDLAND CBI“The priorities for the government must be financial stability and reduced risk for the taxpayer. It has done the right [...]
CITY MOVES WHO’S SWITCHING JOBS November 9, 2009 SVG Investment ManagersAdam Steiner has been promoted to chief executive of the investment management firm from his previous position as head of research. Steiner replaces Tony Dalwood, who formerly co-founded the firm’s public equities team with him in 2002 and has now been appointed as chief executive of SVG Advisers and chairman of the SVG [...]
FTSEdrops as windfall tax worries offset mining gains December 7, 2009 Britain’s top shares ended 0.2 per cent lower yesterday, with banks weak on concerns over a possible windfall tax, offsetting modest gains in miners and energy stocks which rebounded from earlier losses. The FTSE 100 closed 11.70 points lower at 5,310.66 points, paring some losses from earlier in the session when the index dropped to [...]
FIGHT FOR CITY OPENS UP WITH A GOOD CUPPA November 17, 2009 IF THERE’S one City high-flier who finds it hard to say no to a new opportunity, it must be Stuart Popham, the jovial senior partner of legal giant Clifford Chance. Popham – in addition to his role at the head of the world’s largest law firm, his chairmanship of the CBI’s London council, and his [...]
CITY A.M. TOASTS A NEW ERA IN ALLIANCE WITH INTERACTIVE INVESTOR December 14, 2009 IT WAS off to the iconic Gherkin building last night for one of the most exciting developments in the history of City A.M. – our newly-announced alliance with online financial services provider Interactive Investor. Guests at the party sipped champagne as they admired the view over the City, chatting about the partnership, under which we [...]
Traders look to hedge fund guru for lead on Barclays November 2, 2009 AFTER eight months of holding onto his 1.5 per cent stake in Barclays, one of London’s top hedge fund managers announced last week that he has sold his stake in the high-street bank, which has risen in value by 550 per cent over the period. Crispin Odey, head of Odey Asset Management, cited uncertainty over [...]
Lloyd’s names push up price of insurance November 9, 2009 LLOYD’S of London insurers Hiscox and Beazley are both taking advantage of softer competition in insurance across the globe to push up the price of policies, particularly in reinsurance. Both companies yesterday posted significant increases in premium income over the first nine months of 2009. Bermuda-based Hiscox unveiled a hefty 32 per cent lift in [...]
THE LONDON REPORT November 23, 2009 BRITAIN’S top share index ended sharply higher yesterday, snapping a four-day losing streak, with commodity and banking stocks rallying after comments by a senior US Federal Reserve official. The FTSE 100 index finished up 104.09 points, or 2 per cent, at 5,355.50 and recorded its biggest one-day percentage rise in more than six weeks. The [...]
THE LONDON REPORT November 30, 2009 BRITAIN’S leading share index shed 1.1 per cent yesterday, ending at session lows, dragged back by weakness in oil majors and banks on lingering anxiety over the impact of Dubai’s debt problems. By the close, the FTSE 100 was down 55.05 points at 5,190.68, its lowest closing level for three weeks. The blue chip index [...]