CITY MOVES | WHO’S SWITCHING JOBS April 13, 2010 Hoare Capital The agency broker has appointed Tim Cartmell as chief operating officer and promoted Sergio Marques and Andrew Sheppard to partner. Cartmell (pictured) currently runs the firm’s credit desk, having previously held positions as head of gilt sales at JP Morgan and head of UK credit sales at Dresdner Kleinwort. Marques is responsible for [...]
SABMiller in flat sales but Peroni fizzes May 20, 2010 BREWING giant SABMiller expects consumer spending to recover at the end of 2010 – with only a slight lift in beer sales at the World Cup in South Africa. The world’s second biggest brewer – which earns over 85 per cent of its profit from emerging markets – posted a 17 per cent rise in [...]
SABMiller in flat sales but Peroni fizzes May 20, 2010 BREWING giant SABMiller expects consumer spending to recover at the end of 2010 – with only a slight lift in beer sales at the World Cup in South Africa. The world’s second biggest brewer – which earns over 85 per cent of its profit from emerging markets – posted a 17 per cent rise in [...]
GROWTH NUMBERS SET TO BE SLASHED June 13, 2010 THERE will be a quiet revolution in British economic policy today when the first official but independent forecasts for growth and public borrowing are published. A new Office for Budget Responsibility, headed by Sir Alan Budd, will unveil its initial forecasts at 10am this morning. It is expected to sharply revise down former chancellor Alistair [...]
Return of optimism bolsters FTSE as JP Morgan cheers October 14, 2009 BRITAIN’S top share index surged 2 per cent yesterday, hitting its highest closing level in more than a year, as quarterly earnings from JPMorgan Chase and Intel lifted investor's sentiment. The FTSE 100 ended up 101.95 points higher at 5,256.10, after closing 1.1 per cent weaker on Tuesday. The UK benchmark, which tumbled more than [...]
The Tipster April 18, 2010 INVESTMENT company the Alliance Trust has been a solid performer in the FTSE 100 over the past 12 months, gaining 31 per cent in value, which should please most shareholders when its final results are announced today. It is currently trading at the upper resistance of an 18-month-old bull channel, so any pullback to the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 20, 2010 FINANCIAL TIMES GOOGLE DEBATES OVER FACE RECOGNITION TECHNOLOGY Google executives are wrestling over whether to launch controversial facial recognition technology after a barrage of criticism over its privacy policies. Eric Schmidt, chief executive, said a series of public disputes over privacy issues had caused the management team to review its procedures and the launch of [...]
LISTED PRODUCT NEWS May 26, 2010 GOLD DRIVES SOURCE ETC JUMP Since the launch of its Exchange-Traded Commodities (ETC) platform in April last year, Source, the ETF provider, has seen its assets soar to more than €500m (£427m), making it the second biggest collateralised ETC provider in Europe. Most of Source’s products are US Treasury Bill-secured ETCs listed on Xetra but [...]
CITY MOVES | WHO’S SWITCHING JOBS June 10, 2010 Coutts Private Office The private bank has appointed Stephen Eggins as a senior client partner based in London, responsible for looking after ultra-high net worth (UHNW) clients. Eggins has over 20 years of experience in financial services and joins from Credit Suisse, where he also advised UHNW individuals. Prior to that, he worked at US [...]
CITY MOVES | WHO’S SWITCHING JOBS May 13, 2010 State Street Global Advisors The investment manager has appointed Lynn Blake as head of index equity. Blake, 45, is a long-standing veteran of the firm, having first joined 23 years ago. She has held positions as a portfolio manager and head of non-US markets in the global structured products group. She succeeds Paul Brakke, 53, [...]