The Capitalist: Labour’s boost for wealth advisors and bane for private schools plus friends like Boris’
BANKERS AND MINERS ARE IN DEMAND September 2, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKING LIKE all investors, those who use covered warrants will be starting to think about how to position themselves for a potential global upturn. Two sectors in particular have been at the forefront of the market’s summer rally: banking and mining. Given how low banking [...]
Bankers and miners lead the way past the 5,100 mark September 16, 2009 The FTSE 100 hit its highest closing level in a year yesterday, led by banks and miners and spurred by appetite for risky assets as optimism about the pace of global economic recovery intensified. The index closed up 82 points, or 1.6 per cent higher, at 5,124.13 – the highest close since late September last [...]
Bankers and miners lead the way past the 5,100 mark September 16, 2009 The FTSE 100 hit its highest closing level in a year yesterday, led by banks and miners and spurred by appetite for risky assets as optimism about the pace of global economic recovery intensified. The index closed up 82 points, or 1.6 per cent higher, at 5,124.13 – the highest close since late September last [...]
Lloyds considering JV asset sale July 26, 2009 Lloyds Banking Group is mulling a sale of some or all of its Bank of Scotland joint ventures arm, which invests in the property and hotel sectors, it emerged over the weekend. It was not clear yesterday which of the division’s assets would be put up for sale. The division has previously invested alongside property [...]
Lloyds considering JV asset sale July 26, 2009 Lloyds Banking Group is mulling a sale of some or all of its Bank of Scotland joint ventures arm, which invests in the property and hotel sectors, it emerged over the weekend. It was not clear yesterday which of the division’s assets would be put up for sale. The division has previously invested alongside property [...]
ANZ buys RBS Asian assets in a $550m deal August 4, 2009 AUSTRALIA and New Zealand Banking Group (ANZ) has agreed a $550m (£324.6m) deal to buy Asian assets from the Royal Bank of Scotland (RBS). The deal is its biggest overseas purchase, helping it to take on rivals HSBC and Standard Chartered in Asia’s fast-growing markets. ANZ has been in talks for weeks to buy retail [...]
C&G future uncertain as Lloyds stalls August 19, 2009 LLOYDS Banking Group said yesterday it was reviewing a decision to close all branches of its Cheltenham & Gloucester (C&G) unit, surprising employees and investors. Lloyds Banking Group, 43 per cent owned by the government, had said in June that the 164-branch network of C&G, which specialises in mortgages and savings, would be closed in [...]
BEST OF THE BROKERS August 16, 2009 PREMIER OILGoldman Sachs updated its estimates for Premier Oil following the firm’s recent successes in Vietnam and its prospects in Norway. As a result of the estimate changes, the broker has increased its 12-month price target to 1,507p from 1,423p, and continues to believe that Premier represents good value in its sector.WELLSTREAMAhead of Wellstream’s interim [...]
RBS nails down its Asian asset sell-off August 2, 2009 ROYAL Bank of Scotland was closing in on a sale of its Asian assets yesterday, as it emerged Australian bank ANZ is likely to pay A$1.1bn (£549m) for its operations in six Asian areas. ANZ said yesterday talks are “progressing well” over an asset purchase, including RBS’ operations in Taiwan. RBS, which is set to [...]
New RBS exec to get 917k golden hello August 18, 2009 ROYAL Bank of Scotland’s new head of its branch network will receive a £917,000 “golden hello”, it emerged yesterday, throwing fuel on the debate over executive pay at taxpayer-controlled banks. Brian Hartzer joined the bank’s management team this week from Australian bank ANZ, and is required only to remain at RBS for two years to [...]