Defensive shares lift FTSE but banks and miners weak January 26, 2010 BRITAIN’S leading share index added 0.3 per cent yesterday, as support for defensive issues, and a modest early rally on Wall Street, offset weakness in heavyweight miners and banks. At the close, the FTSE 100 index was up 16.54 points at 5,276.85, snapping a four-session losing streak, having earlier reached an intraday low for the [...]
CITY MOVES | WHO’S SWITCHING JOBS January 12, 2010 KBC Peel Hunt The mid and small cap corporate broking firm has made three senior hires. Stuart Duncan joins Peel Hunt’s equity research team from The Royal Bank of Scotland. Mark McGuinness, previously co-head of sales trading at Numis Securities, joins as a director in the sales trading team. Duncan and McGuinness join Andrew Chapman [...]
Aberdeen in running for RBS fund arm January 4, 2010 ABERDEEN Asset Management is up against several large players in the bidding for Royal Bank of Scotland’s funds division, City A.M. understands. Rival fund manager Schroders and hedge fund giant Man Group are thought to be among those running the rule over RBS Asset Management (RBSAM). RBSAM, which was earmarked for sale as long ago [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 2, 2009 FINANCIAL TIMES CIC IN €800M OFFER TO APAXChina Investment Corp, China’s sovereign wealth fund, is offering to invest as much as €800m (£723m) into Apax Partners’ €11.2bn private equity fund in a groundbreaking deal.The move, which would see CIC acquire a small stake in the management company of one of Europe’s biggest equity funds, shows [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 8, 2010 FINANCIAL TIMES GREECE SEEKS INVESTMENTS FROM LIBYA George Papandreou will travel to Libya today for talks with?Muammer Gaddafi on possible investments in Greece as Athens struggles with its debt crisis. The Greek prime minister will discuss potential investments by Libya’s sovereign wealth fund and its state-owned energy groups with the country’s leader, officials said. EMERGING [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 8, 2010 FINANCIAL TIMES GREECE SEEKS INVESTMENTS FROM LIBYA George Papandreou will travel to Libya today for talks with?Muammer Gaddafi on possible investments in Greece as Athens struggles with its debt crisis. The Greek prime minister will discuss potential investments by Libya’s sovereign wealth fund and its state-owned energy groups with the country’s leader, officials said. EMERGING [...]
Financials and US data boost London’s blue chip companies December 16, 2009 Britain’s leading share index rose 0.7 per cent yesterday as US data led to a rise in commodity stocks, and banks firmed on a report that the enforcement of capital adequacy rules would be delayed. The FTSE 100 finished 34.49 points higher at 5,320.26, after closing 0.6 per cent down at 5,285.77 on Tuesday. New [...]
Letter condemns RBS for irresponsible investments November 29, 2009 IAIN BANKS, the Scottish author, along with MPs and church leaders, has written to the chancellor to complain about the government’s handling of Royal Bank of Scotland. More than 30 people have signed a letter to Alistair Darling, complaining about how RBS is being allowed to invest. They say the government has written “a blank [...]
Wood eyeing Esure deal December 6, 2009 Insurance pioneer Peter Wood is understood to be preparing to buy out his Esure motor insurance business from Lloyds Banking Group. Esure, known for its “Calm down dear” TV ads starring celebrity Michael Winner, is thought to be worth £200m to £250m. Wood has lined up financing from buyout firm Penta Capital and hedge fund [...]
Rockspring buys up RBS assets November 22, 2009 Property fund manager Rockspring is set to buy a portfolio of UK industrial properties from taxpayer-owned Royal Bank of Scotland, in one of the first deals which will take distressed assets from a UK lender. A host of property companies are talking to UK banks to try to either buy or form joint ventures for [...]