City Moves for 12 December 2014 | Who’s switching jobs December 11, 2014 Castle Harbour The financial services firm has appointed Eric Daniel to co-manage a new convertible bond fund. Daniel was formerly head of equity derivatives and convertible bond sales at Citigroup in Paris. He will run the Castle Harbour R&D Pure Global Convertibles Fund. Canaccord Genuity Nishad Vallonthaiel has been appointed head of electronic and programme [...]
Banks brace for record forex settlement fine November 11, 2014 BANKS in the UK will today be told how much they have to pay the banking regulator in fines, following a year-long investigation into the manipulation of foreign exchange markets. Six banks, including three based in the UK, will face record fines this morning as part of the forex probe. The combined penalty to be [...]
African Barrick Gold soars on cheerful HSBC outlook February 10, 2014 All that glitters certainly is gold for African Barrick Gold, the FTSE 250-quoted miner that soared over eight per cent this morning. As well as benefitting from a rise in the yellow metal price today, the company was given a boost by an upgrade from HSBC. This is an encouraging sign for ABG after a [...]
Hong Kong protests hit Asian markets September 29, 2014 Demonstrators thronged outside the Legislative Council in Hong Kong yesterday as the protest against the Chinese for free elections continued. The unrest has hit stocks for Asia-focused banks such as HSBC and Standard Chartered as well as miners Rio Tinto and BHP Billiton. It is likely to escalate tomorrow, which is China’s National Day holiday.
Jobless figures and MPC report at centre stage – London Week Ahead December 14, 2014 BY THE looks of this week’s economic calendar, traders thinking of taking off early for their Christmas holidays may be forced to rethink their travel plans. In the UK the minutes of the Monetary Policy Committee’s (MPC) last meeting will also be scrutinised. However, the report which has the greatest potential to move markets is [...]
Ed Balls talks business: Markets alone won’t deliver for the UK, says shadow chancellor February 9, 2015 It's been a bit of a bruising few days for those in the Labour Party charged with finessing its relationship with the UK’s top business leaders. But that won’t stop Ed Balls relishing the prospect of speaking at the British Chambers of Commerce’s annual conference tomorrow in front of hundreds of business leaders. [...]
Mark Carney: Banks will have to increase financial buffer to end “too big to fail”, but it’s going to cost them November 10, 2014 Banks will no longer be “too big to fail” if new rules aimed at ensuring banks have enough capital behind them in the event of another financial crisis drawn up by Mark Carney are approved. New proposals put together by the Financial Stability Board, led by Bank of England governor Carney, will curb the need for [...]
FTSE 100 edges up as oil and metals recover – London Report December 17, 2014 Energy and mining stocks rallied to help the UK’s top share index end slightly higher after a sharp decline earlier in the session, buoyed by a recovery in crude oil and industrial metals prices. Expectations the European Central Bank will take fresh measures to support the region’s economy and that the US Federal Reserve’s final [...]
City Moves for 09 December 2014 | Who’s switching jobs December 8, 2014 TSP The commercial property agency has announced two promotions. Jonathan Vanstone-Walker becomes director of surveying & agency. He joined TSP in 2011. Abigail Bridgland (pictured) becomes senior associate surveyor. She has been at the firm for two years. State Street Matt Davey has been appointed senior vice president and head of the asset manager client [...]
Trader mistake sends HSBC shares soaring January 30, 2014 Someone out there is probably feeling very daft right now, after a huge fat finger saw some hefty HSBC price action. A 1.6m share order saw shares rocket. Over 1.6m shares traded on that $HSBA spike to 688p, possibly a #HFT algo ran amok? Expensive mistake if so! #HSBC RO pic.twitter.com/5OtFjki1ty — IGSquawk (@IGSquawk) January [...]