London Report: FTSE nudges down to near month-long low after banks fall March 11, 2014 THE UK’S top equity index steadied yesterday after hitting a three-week low, with some investors seeing value in beaten-down stocks, although the market remained vulnerable to further declines in the near term. The blue-chip FTSE 100 index closed 0.06 per cent lower at 6,685.52 points after falling to 6,660.59, its lowest since the middle of [...]
High-yield debt is higher risk but can offer rewards February 26, 2013 Junk bonds may still be an attractive option for income investors INCOME investors have been hard hit by the financial crisis. The response of policymakers – injecting cheap money into the economy through monetary easing – has squashed yields to record lows. Now “safe” assets – like gilts or cash – return negative real yields. [...]
Who’s switching jobs December 11, 2012 UBS James Broderick has been appointed chief executive of wealth management, UK and Jersey, at the bank. He joins from JP Morgan, where he was head of its asset management business in Europe, Middle East and Africa. Broderick previously held roles at Wellington Management Company. Royal London Asset Management Rob Williams has been appointed head [...]
Who’s switching jobs December 5, 2012 Royal London Kerr Luscombe has been appointed group finance and strategy director at the financial services provider. He joined in 2011 as group strategy director, and has previously worked as finance director at Scottish Widows and Clerical Medical. Westhouse Holdings Simon Pettitt has been appointed head of the stockbroker’s fixed income business. He joins from Eurodekania. [...]
10 things every football fan needs to know about… BRAZIL October 20, 2013 Now we know the England team are going to be there in 2014, Emily Dicicco presents her top travel tips 1. Tickets – how and when shall I book?Tickets are available on FIFA.com and will be sold in three phases. The first two phases consist of both a random draw period and a first-come-first-served (FCFS) [...]
The economics and culture of Murray’s Wimbledon triumph July 12, 2013 HE DID it, he did it – and a euphoric nation roared with delight, celebrating a moment many of us feared would never happen and a new, 26-year old national hero. A Brit is Wimbledon champion, and this is real life, not a Hollywood rom-com. Needless to say, Andy Murray’s triumph is about much more [...]
Mixed results for Royal London February 7, 2012 Royal London has announced a six per cent increase in new business during 2011, despite a dreadful performance from its asset management arm. The UK’s largest mutual life and pensions company bagged £3,291m of new income but income at its RLAM division plummeted by 67 per cent to £379m.
London Report: RBS weighs on FTSE but Yellen drives stocks up February 27, 2014 BRITAIN’S top share index edged up yesterday, lifted by positive US data and assurances from Federal Reserve chair Janet Yellen, despite a sharp sell-off in Royal Bank of Scotland and increasing tension over Ukraine. RBS skidded 7.7 per cent as its new chief exec outlined plans for a large-scale overhaul after the mostly state-owned lender [...]
London Report: Deutsche’s loss knocks the FTSE and UK banks January 20, 2014 BRITAIN’S FTSE 100 stalled near an eight-month high yesterday, held back by weak banking shares as a surprise loss at Germany’s Deutsche Bank was seen as a bad omen for UK lenders’ results. Britain’s main share index, however, was expected to resume its uptrend soon and hit highs not seen since 1999, boosted by a [...]
London Report: Interest rate hike threat takes shine off FTSE’s bull run January 22, 2014 THE UK’S FTSE 100 eased off eight month highs yesterday after strong jobs data raised the spectre of interest rate hikes and analysts highlighted concerns about companies’ weak earnings and high valuations. Data showed the unemployment rate dropped to 7.1 per cent in the three months to November, below even the most optimistic analyst forecast [...]