Bankers want tougher rules January 14, 2013 RETAIL bankers should be more closely regulated, the authorities should give tighter guidelines on training and more resources should be devoted to enforcing laws on fraud, the British Bankers’ Association said yesterday. Its chief Anthony Browne also told the Parliamentary Commission on Banking Standards that a new standards council would help improve bankers’ behaviour. And [...]
HSBC appoints new corporate Bank chiefs January 14, 2013 HSBC has appointed Dan Howlett and Ian Henley to run its European corporate banking arm, it revealed yesterday. Henley will be head of corporate banking across Europe while Howlett is the new head of corporate banking in the UK.
FTSE falls from four-year high as analysts warn on energy shares January 14, 2013 BRITAIN’S leading shares fell yesterday after touching a 4-1/2 year high early in the session, with technical analysts noting the index could be set for a minor correction. Energy stocks, among Friday’s biggest gainers, were the main drag on blue-chip sentiment as Nomura warned that the sector was inexpensive for a reason and attractive price-to-earnings [...]
Financial shares buoy FTSE 100 January 14, 2013 The blue chip index edged up in early trading, but failed to replicate strong gains overnight in Asia. Resources and financial shares were in favour this morning, with oil and gas services provider Petrofac the top FTSE 100 riser. Eurasian Natural Resources was up 1.58 per cent, as Credit Suisse upgraded the stock from “neutral” [...]
What the other papers say this morning January 13, 2013 FINANCIAL TIMES EU to foster unified telecoms market Europe’s telecommunications commissioner will lay down a series of far-reaching reforms this year to support the formation of a pan-European telecoms market, in order to foster greater competition and investment in a sector hard hit by the financial downturn. FTSE 100 chiefs offer best value Chief executives [...]
Great value mortgages are making their way to market January 13, 2013 A BLEAK wider economic picture has made the mortgage market difficult in recent years. Nonetheless, mortgage lending is set to expand by 8.3 per cent in 2013, according to the Council of Mortgage Lenders (CML). And since the Funding for Lending credit easing scheme was introduced last summer, there has been an increase in the [...]
Banks keep FTSE 100 above 6,100 level January 11, 2013 The blue chip index nudged up in early trading this morning – staying above the 6,100 level – as it consolidated overnight gains from the US, where the S&P 500 hit a five-year high. Financial stocks were bouncing about at the top of the FTSE 100 in early deals, with Barclays and RBS adding 1.8 [...]
China trade boost adds to hope that the slowdown has ended January 10, 2013 CHINESE export growth rocketed to a seven-month high in December, adding to evidence the world’s second biggest economy had turned a corner. Exports were 14.1 per cent higher in December than the same month in 2011, easily surpassing analyst expectations that the measure would show four per cent growth. This growth drove the Asian giant’s [...]
City Moves for 11 January 2013 | Who’s switching jobs January 10, 2013 Rathbones The investment management firm has appointed Mike Townsend as investment director. He joins from Coutts, where he was a senior private banker. Townsend has 34 years’ experience in wealth management, and is a member of the Chartered Institute for Securities and Investment. City Financial The fund management firm has appointed Mark Harris as manager [...]
Profit-taking cannot halt FTSE as it hits highest close since May 2008 January 10, 2013 BRITAIN’S top share index closed above the 6,100 resistance level for the first time since 22 May 2008, yesterday, recovering from a late wobble after a choppy trading session. The FTSE 100 index was up 2.86 points, or 0.1 per cent, at 6,101,51, having seen some late profit-taking erased in the closing auction, but the [...]