CITY MOVES | WHO’S SWITCHING JOBS May 25, 2010 Electra Private Equity Electra has appointed Colette Bowe as chairman after three years on the board. Bowe, an economist, began her career at the Department of Trade and Industry and then became chief executive of the Personal Investment Authority and chairman of European asset management at Robert Fleming. She is currently a board member at [...]
CITY MOVES | WHO’S SWITCHING JOBS May 25, 2010 Electra Private Equity Electra has appointed Colette Bowe as chairman after three years on the board. Bowe, an economist, began her career at the Department of Trade and Industry and then became chief executive of the Personal Investment Authority and chairman of European asset management at Robert Fleming. She is currently a board member at [...]
WINTERS IS OUSTED FROM JP MORGAN September 29, 2009 BILL Winters, JP Morgan Chase’s senior figure in European investment banking, has been sensationally ousted, after chief executive and chairman Jamie Dimon made it clear that he did not want the popular banker to succeed him. Winters, whose departure was announced yesterday, will be succeeded as co-chief executive of JP Morgan by the group’s head [...]
Record deal won by Dana Petroleum June 14, 2010 LISTED oil and gas group Dana Petroleum yesterday sealed a deal to buy Petro Canada Netherlands for €328m (£272.7m) in cash, its biggest ever acquisition, in order to open up access to the Dutch North Sea. Dana, which has oil and gas assets in the UK and North Africa, will put the deal to shareholders [...]
JP MORGAN EXEC: NO ONE INNOCENT September 28, 2009 THE co-chief executive of JP Morgan’s investment banking arm has blamed “greedy bankers, investors and borrowers” for the financial crisis. Bill Winters’ comments – which will be seen as an attack on Wall Street, the City and clients – were made earlier this week during a closed-doors debate at the Investment Management Association. City rainmaker [...]
Banks drag FTSE down even lower June 2, 2010 BRITAIN’S top share index fell yesterday, led down by banks, but finished well off session lows on fresh hopes for economic recovery after strong US pending home sales data. The FTSE 100 closed 11.98 points or 0.2 per cent lower at 5,151.32, having dropped as low as 5,072.53. The index fell 0.5 per cent on [...]
Banks drag FTSE down even lower June 2, 2010 BRITAIN’S top share index fell yesterday, led down by banks, but finished well off session lows on fresh hopes for economic recovery after strong US pending home sales data. The FTSE 100 closed 11.98 points or 0.2 per cent lower at 5,151.32, having dropped as low as 5,072.53. The index fell 0.5 per cent on [...]
FTSE 100 hits 22-month high as solid US results boost investor sentiment April 14, 2010 BRITAIN’s top share index hit a 22-month closing high yesterday, as solid results from JP Morgan and Intel and strong US retail sales lifted hopes that a recovery in the world’s biggest economy is gaining momentum. The FTSE 100 closed up 34.59 points, or 0.6 per cent, at 5,796.25 — its highest close since June [...]
Essar Energy makes lacklustre start to life on London markets May 4, 2010 FIRST-day trading in shares in Essar Energy was weak yesterday, leaving the closing price of the new stock at 389.5p, below an already reduced issue price of 420p a share. Dealers said that the group, which is 76 per cent owned by its Indian parent, had inadvertently chosen a bad day for first day dealings [...]
FSA to indict printing ring March 28, 2010 CHARGES against more than eight individuals connected to an insider trading ring are set to be handed down by the Financial Services Authority (FSA) this week. It is understood that the financial regulator is preparing to criminally charge a group of former JP Morgan Cazenove and UBS employees, who were arrested in July 2008. The [...]