City Moves | Who’s switching jobs October 18, 2012 Barclays Mike Rigby has been appointed head of manufacturing, transport and logistics in Barclays’s corporate banking division. He joined the bank in 2008, and was previously corporate director in the manufacturing team. Rigby has also held roles at HSBC. Ernst & Young John Clarke has been appointed partner in the professional services firm’s operational transaction [...]
FTSE 100 at one-month highs October 18, 2012 The leading blue chip index was up this morning to a one-month high, with miners leading the pack once again. Evraz, Kazakhmys, Vedanta and Antofagasta all rose on the FTSE 100 in early trading, cheered by early signs of improvement in the economy of China. On the FTSE All-Share, insurer CPP Group rose 10.71 per [...]
FTSE 100 at one-month highs October 18, 2012 The leading blue chip index was up this morning to a one-month high, with miners leading the pack once again. Evraz, Kazakhmys, Vedanta and Antofagasta all rose on the FTSE 100 in early trading, cheered by early signs of improvement in the economy of China. On the FTSE All-Share, insurer CPP Group rose 10.71 per [...]
Banking shares buoy FTSE 100 October 17, 2012 The blue chip index opened marginally up this morning, buoyed by financials and miners. Investors were lifted by the latest unemployment figures, which show the number of jobless fell by 50,000 in the three months to August. On the leading index, Evraz, Eurasian Natural Resources, Royal Bank of Scotland, Lloyds Banking Group and Rio Tinto [...]
Has Goldman Sachs recovered from claims that its managers called clients muppets? October 16, 2012 YES Sarah Murphy Goldman Sachs’s brand has been through considerable tumult in recent times, but over the past six months it has seen a significant increase in the scores it receives from our UK BrandIndex. Back in March, the bank’s brand hit a major low when a former Goldman worker claimed management thought of their [...]
FTSE 100 up on banking and mining shares October 16, 2012 The blue chip index was up this morning, as investors reacted more positively to US macroeconomic data, consolidating gains in Asia and the US. Mining and banking stocks pushed the FTSE 100 up in early trading, with Lloyds, Evraz, Kazakhmys and Antofagasta leading the blue chip index. Insurer CPP Group topped the FTSE All-Share index [...]
UK shares lifted by banking gains on hopes for Spanish bailout soon October 15, 2012 UK shares rose yesterday, buoyed by gains for heavyweight banks as the sector tracked continental peers on expectations Spain was moving closer to asking for a bailout. A 12.29 point, or 0.2 per cent, move higher to 5,805.61 points was not enough to take the FTSE 100 out of its recent tight trading range, however, [...]
UK shares lifted by banking gains on hopes for Spanish bailout soon October 15, 2012 UK shares rose yesterday, buoyed by gains for heavyweight banks as the sector tracked continental peers on expectations Spain was moving closer to asking for a bailout. A 12.29 point, or 0.2 per cent, move higher to 5,805.61 points was not enough to take the FTSE 100 out of its recent tight trading range, however, [...]
Defensive stocks up on FTSE 100 October 15, 2012 The leading share index opened up this morning, helped by gains in defensive stocks. The markets have rallied since central banks took new stimulus measures to shore up the global economy, with the FTSE 100 up six per cent since late July. Medical retinal imaging firm Optos added 7.18 per cent in early deals today, [...]
RBS calls Virgin for deal rescue October 14, 2012 VIRGIN Money and two other institutions are in the running to take 316 branches from RBS, it emerged yesterday, two days after the planned sale to Santander collapsed. The sale was forced on RBS by the European Commission as part of the approval of its 2008 bailout, and must be completed by the end of [...]