Rudd to take helm of MAC fund June 18, 2009 Sir Nigel Rudd, former deputy chairman of Barclays is to chair a new fund set up by Marwyn Alternative Capital. It will specialise in small to mid-cap companies that have short term liquidity problems. Supported by Royal Bank of Scotland, the new fund will look at investing in construction, science and engineering, among other sectors. [...]
Sainsbury’s chair faces two jobs row July 15, 2009 J SAINSBURY chairman Sir Philip Hampton yesterday faced questions over his £396,000 pay packet and whether he had enough time to be the chairman of both Sainsbury’s and Royal Bank of Scotland (RBS). One shareholder at the retail giant’s annual meeting called on Hampton to halve his pay as long as he did both jobs. [...]
RBS to ease burden on debtors June 16, 2009 Royal Bank of Scotland is to delay foreclosures on commercial property assets, to give struggling customers more time to pay, the bank’s boss Stephen Hester said yesterday. He told the British Property Federation’s annual conference RBS is determined to “behave responsibly and to play a long game” to help customers manage debts. He added that [...]
RBS to ease burden on debtors June 16, 2009 Royal Bank of Scotland is to delay foreclosures on commercial property assets, to give struggling customers more time to pay, the bank’s boss Stephen Hester said yesterday. He told the British Property Federation’s annual conference RBS is determined to “behave responsibly and to play a long game” to help customers manage debts. He added that [...]
BEST OF THE BROKERS July 6, 2009 VICTREXKBC Peel Hunt has initiated coverage on Victrex, the high performance plastic manufacturers, with a “buy” recommendation and a target price of 650p, predicting strong profits growth for 2010. It says the current consensus is 8 per cent too low, and that should Victrex begin restocking then forecasts could be revised up again. AEGIS GROUPPanmure [...]
International Power leading the way for defensive stocks August 11, 2009 THE LARGE cap index shed 1.1 per cent yesterday, knocked by weakness in heavyweight banks, miners, and oils, but defensive stocks were back in favour once again. The FTSE 100 was 50.86 points lower at 4,671.34 by the close of the session, weakening for a second day after hitting a 10-month closing high of 4,731.56 [...]
More RBS staff face the axe June 9, 2009 Royal Bank of Scotland confirmed yesterday that 500 staff in its manufacturing division could lose their jobs as part of 4,500 redundancies announced in April. The bank said that cuts would be made across 28 centres, 140 coming with the closure of its Glasgow office.
BACK TO THE GREEN HOUSE FOR DE BLONAY February 3, 2010 THE City’s resident “Swiss funds fox”, Guy de Blonay, has barely warmed up his seat after his high-profile return to fund management group Jupiter, but already things are settling comfortably back into their old ways. De Blonay officially took up his new position at the group a week ago, after leaving his first job at [...]
Rally ends as weak miners nudge FTSE down slightly August 10, 2009 THE FTSE 100 edged down yesterday, with investors booking profits from hefty gains in miners and banks last week, while the market searched for direction as the earnings season tailed off. The index ended down 0.2 per cent, or 9.36 points at 4,722.20, not far from a 10-month closing high of 4,731.56 on Friday. A [...]
CITY MOVES WHO’S SWITCHING JOBS July 9, 2009 F&C Asset ManagementThe asset manager has appointed Jacob De Wit and Richard Wilson (pictured), respectively head of fixed income and head of equities at the firm, to its executive committee following its de-merger from Friends Provident. The news follows the appointment of Kieran Poynter, the former chairman of accountancy firm PwC, and former Henderson Group [...]