DAREDEVIL CHIEF ROLET BRINGS A BREATH OF FRESH AIR TO FUSTY LSE September 17, 2009 XAVIER Rolet is certainly freshening things up over at the London Stock Exchange. The exchange’s new boss has been busy over the past few weeks, having shaken up the LSE’s marketing team, struck a deal to replace its IT provider and got rid of its trusted PR adviser Finsbury (the super-spinner and its arch-rival Brunswick [...]
DAREDEVIL CHIEF ROLET BRINGS A BREATH OF FRESH AIR TO FUSTY LSE September 17, 2009 XAVIER Rolet is certainly freshening things up over at the London Stock Exchange. The exchange’s new boss has been busy over the past few weeks, having shaken up the LSE’s marketing team, struck a deal to replace its IT provider and got rid of its trusted PR adviser Finsbury (the super-spinner and its arch-rival Brunswick [...]
City cash calls dominate EU July 26, 2009 EQUITY issues in the UK have accounted for 46 per cent of the total issuance in Europe this year so far. The City scramble to raise capital meant giant offerings from HSBC, Rio Tinto and Lloyds Banking Group. Thomson Reuters data shows that of the $129.5bn (£78.8bn) of equity capital market activity seen in Europe [...]
The City lawyer who argues that banking has become even riskier November 4, 2009 T o David Morley, the phrase “it is better to travel than to arrive” must sound pretty strange, an expression invented only for those unfortunate souls who have not learnt to move at speed. For Morley, who joined top law firm Allen & Overy in 1980 and has led it as senior partner since last [...]
Cable would carve up rescued lenders July 20, 2009 AS Tory shadow chancellor George Osborne was laying out his blueprint for regulatory reform, Liberal Democrat counterpart Vince Cable was proposing his own solutions to the financial crisis, including the break-up of Royal Bank of Scotland and Lloyds Banking Group. Speaking at the London Stock Exchange, Cable said: “The Lloyds-HBOS merger should be unscrambled … [...]
Cable would carve up rescued lenders July 20, 2009 AS Tory shadow chancellor George Osborne was laying out his blueprint for regulatory reform, Liberal Democrat counterpart Vince Cable was proposing his own solutions to the financial crisis, including the break-up of Royal Bank of Scotland and Lloyds Banking Group. Speaking at the London Stock Exchange, Cable said: “The Lloyds-HBOS merger should be unscrambled … [...]
UKFI close to naming chair July 26, 2009 UK FINANCIAL Investments (UKFI) – the body which manages the government’s stakes in Lloyds Banking Group and Royal Bank of Scotland – will have a new chairman within weeks, sources said yesterday. The Treasury is leading the search for a candidate to chair UKFI and is believed to have placed Sir David Cooksey, a former [...]
CITY MOVES WHO’S SWITCHING JOBS August 4, 2009 Ernst & YoungErnst & Young is expanding its London and Bermuda business with the promotion of three staff. The insurance practice has admitted Richard Battersby and Jeff Soar as partners and promoted Andy Worth to director. Battersby will become the transactions advisory partner, Soar (pictured) will be providing tax services to Lloyd’s and London market [...]
Omega joins the big boys on the main London Stock Exchange market space July 7, 2009 OMEGA Insurance, the Lloyd’s of London underwriter, has ascended to the main market of the London Stock Exchange, after it last week boosted its control of Lloyds’ successful Syndicate 958. The insurer yesterday left the smaller Aim space to join bigger rivals on the main market, and is now one of seven non-life insurers on [...]
Oils and miners bring FTSE higher, while banks also rise August 20, 2009 BRITAIN’S leading share index gained 1.4 per cent as stocks enjoyed a broad-based recovery yesterday, with heavyweight oils and miners in demand as raw material prices rose while financials also rallied. By the close, the FTSE 100 was 66.91 points higher at 4,756.58, having reversed earlier losses to close slightly higher on Wednesday. The UK [...]