BEST OF THE BROKERS June 10, 2010 MISYS Morgan Stanley raises its price target for Misys to 300p with an “overweight” rating saying the announcement of the share placing by Allscripts crystallises the value of healthcare. Morgan Stanley said it expects the positive stock reaction to continue. Misys estimates $1.35bn in proceeds from the share placing. ESSAR ENERGY JP Morgan Cazenove initiates [...]
Twilight distributor aims to put a stake through the heart of rivals October 11, 2010 LAST month Entertainment One chief executive Darren Throop was being served cocktails by a vampire. Nearby, a werewolf dressed only in a pair of tattered denim shorts performed an elaborate handstand. He was celebrating the release of one of the year’s biggest movies, the latest installment of the Twilight Saga, at a lavish party at [...]
CORPORATE EARNINGS TO SET THE TONE July 12, 2010 LAST week saw extraordinary gains on equity markets just when it looked like we were heading for another meltdown. In the preceding week, numerous technical support levels were breached as a number of major indices slumped below significant retracement levels. There was talk of “death crosses” appearing on various charts as 50-day moving averages slipped [...]
CORPORATE EARNINGS TO SET THE TONE July 12, 2010 LAST week saw extraordinary gains on equity markets just when it looked like we were heading for another meltdown. In the preceding week, numerous technical support levels were breached as a number of major indices slumped below significant retracement levels. There was talk of “death crosses” appearing on various charts as 50-day moving averages slipped [...]
Deutsche’s Jain tops EU power list July 11, 2010 DEUTSCHE Bank’s investment banking chief Anshu Jain has topped a power list of the 100 most influential people in European financial markets. Jain was named by Financial News as the most powerful financial individual in Europe, beating his own boss – Deutsche’s chief executive Josef Ackermann – into sixth place. This year’s list contains a [...]
Private banks have £10.9 trillion but can’t beat stocks July 8, 2010 PRIVATE banking firms now manage assets worth £10.9 trillion, a rise of £1.3 trillion since last year, though many firms fall behind the stock market in the profit stakes, a report claimed yesterday. Assets under management (AUM) rose 17 per cent on last year, though performance markers on efficiency have fallen 35 per cent, according [...]
CITY MOVES | WHO’S SWITCHING JOBS June 6, 2010 London Stock Exchange The exchange has hired Gay Huey Evans and Paul Heiden as non-executive directors and made Raffaele Jerusalmi an executive director. Huey Evans, pictured, is vice chair of investment banking and investment management at Barclays. Heiden is executive chairman of Talaris Topco and a non-executive at United Utilities, while Jerusalmi is director of capital [...]
CITY LOSES TO OCTOPUS IN FOOTY FORECASTS July 12, 2010 OH, HOW they chortled in the City yesterday at comparisons between the world’s most famous cephalopod and those investment banks who dared to put out predictions on the outcome of the World Cup. Paul the psychic octopus, they sniggered, had managed to get EVERY SINGLE ONE of his predictions correct, beating statistical odds of 1/256. [...]
Mid-cap M&A activity surges as economy rebounds July 12, 2010 SMALL and mid-size companies have been increasingly active on the M&A scene in the first half of the year, dabbling in a greater number of more lucrative deals as the economic tide begins to turn. The value of global mid-market mergers and acquisitions, among companies valued up to $500m, surged by 42.3 per cent to [...]
Goldman tops global M&A adviser table June 24, 2010 GOLDMAN Sachs has established itself as the most in-demand mergers and acquisitions adviser in the world over the first half of the year, brushing off concerns that the SEC’s high-profile fraud allegations would damage its reputation. Goldman, which trailed Morgan Stanley in the rankings at this point last year, leapfrogged its arch-rival comfortably during the [...]