CITY MOVES | WHO’S SWITCHING JOBS March 7, 2010 Santander The Spanish banking group has appointed Damian McGann as head of business development in its corporate banking team. McGann has over 20 years of experience in the sector and joins from Lloyds Banking Group, where he previously headed up substantial businesses in the Midlands and Scotland. He will focus on a range of businesses, [...]
City Moves for 2 October 2009 | Who’s switching jobs October 1, 2009 Clydesdale BankThe bank, part of the National Australia Bank group, has appointed John Holm as a director in its corporate and structured finance team in London. Holm was previously director of insurance in Europe for National Australia Bank. He has also spent over 30 years working at the Royal Bank of Scotland, latterly in the [...]
Stocks in London rise on end of US recession and miners October 29, 2009 BETTER-than-expected economic growth from the United States and gains in banks and miners pushed Britain’s leading share index 1.1 percent higher yesterday. The FTSE 100 closed up 57.30 points at 5,137.72, reversing earlier losses, as US data signalled the country had come out of recession. The index has gained 49 per cent since hitting a [...]
THE LONDON REPORT October 22, 2009 The FTSE 100 closed one per cent, or 50.49 points, lower yesterday at 5,207.36, as weaker crude and metals weighed on energy stocks and miners. The index has rallied more than 50 per cent since hitting a low in early March, and is up 17 per cent this year. Energy stocks suffered with crude slipping [...]
THE LONDON REPORT October 22, 2009 The FTSE 100 closed one per cent, or 50.49 points, lower yesterday at 5,207.36, as weaker crude and metals weighed on energy stocks and miners. The index has rallied more than 50 per cent since hitting a low in early March, and is up 17 per cent this year. Energy stocks suffered with crude slipping [...]
BGGroup’s poor results push FTSE100 to three week low October 28, 2009 BRITAIN’s top shares fell 2.3 per cent to hit a three-week closing low yesterday, dragged down by falls in energy stocks after BG Group posted a sharp drop in net profit, while miners tracked weaker metals. The market also came under pressure on data showing new US homes sales unexpectedly tumbled in September, their first [...]
Forth Ports will hear bid as profit is up March 22, 2010 TAKEOVER target Forth Ports is ready to listen to suitor consortium Northstream. The UK’s biggest listed ports operator will be buoyed after its full-year results showed a swing back into black with pre-tax profits of £36.3m. The firm underwent a series of cost cutting measures that offset a loss of £30.7m the year before. However, [...]
Conservatives consider sale of bank stakes to private investors September 14, 2009 CONSERVATIVE shadow chancellor George Osborne would consider selling the government’s stakes in Lloyds Banking Group and Royal Bank of Scotland to non-banking investors, if the Tories win the general election. Osborne is understood to be in favour of greater diversity on the share registers of the banks and is keen to show that a Conservative [...]
British Land executives to set up firm October 8, 2009 PROPERTY group British Land is set for a boardroom shake-up after it emerged that its star director Andrew Jones was quitting the group, taking two committee members with him to set up a rival firm. Jones, 40, had already confirmed he was considering leaving but his decision to bring on board colleagues Valentine Beresford and [...]
British Land executives to set up firm October 8, 2009 PROPERTY group British Land is set for a boardroom shake-up after it emerged that its star director Andrew Jones was quitting the group, taking two committee members with him to set up a rival firm. Jones, 40, had already confirmed he was considering leaving but his decision to bring on board colleagues Valentine Beresford and [...]