OSBORNE: BANK IS KING OF CITY June 16, 2010 GEORGE Osborne unveiled sweeping changes to the way the City is regulated last night, scrapping the Financial Services Authority and giving a beefed-up Bank of England huge powers. Bank governor Mervyn King is set to become one of most influential central bankers in the world under the shake-up, with responsibility for maintaining the overall stability [...]
CITY PHILANTHROPISTS LURED BY PROMISE OF SOME GOLDEN EGGS May 18, 2010 OFF to the Merchant Taylors Hall on Threadneedle Street yesterday for what has become a stalwart of the City’s calendar – the annual Gulls’ Eggs lunch. This year marked the 22nd anniversary of the affair, which has traditionally used the excuse of what must be the shortest season of any earthly foodstuff to bring hundreds [...]
Music is still playing for Latin America carnival May 4, 2010 LATIN America has always been seen as dangerously volatile by many institutional investors, but the recent stock market carnival is looking like a party too good to miss. The region’s leading economy, Brazil, is now firmly established as one of the BRIC big four. It is also due to host the World Cup in 2014 [...]
For corporate advisers, small can be beautiful May 26, 2010 BEING a mergers and acquisitions (M&A) banker in one of the bulge bracket banks used to be a fast-track way to find yourself labelled one of the elite Masters of the Universe. But these days it is as easy to find the rising stars of corporate finance in smaller advisory boutiques. Recent data for the [...]
JP Morgan AM puts Thompson in top UK job October 8, 2009 JP MORGAN Asset Management, the two-century old fund manager, has appointed Roger Thompson as head of its UK arm. Thompson has been at the firm for 16 years and is moving up to the top job after serving as chief financial officer of its international business since 2003. A former PricewaterhouseCoopers auditor, who is also [...]
JP Morgan AM puts Thompson in top UK job October 8, 2009 JP MORGAN Asset Management, the two-century old fund manager, has appointed Roger Thompson as head of its UK arm. Thompson has been at the firm for 16 years and is moving up to the top job after serving as chief financial officer of its international business since 2003. A former PricewaterhouseCoopers auditor, who is also [...]
JP Morgan hired as Sony sells stake in rival Shine October 8, 2009 TV PRODUCTION firm Shine has appointed JP Morgan to sell Sony’s 21 per cent stake in its business, since Shine’s global ambitions have put the firms increasingly in competition. Shine, which is chaired by its founder Elisabeth Murdoch, has grown significantly from the mid-sized UK-focused operation that Sony invested in four years ago. “While Shine [...]
JP Morgan moots Cazenove buyout September 20, 2009 JP MORGAN and its joint venture partner Cazenove are understood to be weighing up an agreement that would see Cazenove sell its interest in the company to the US bank. Under the terms of the deal that saw Cazenove and JPMorgan Chase launch the venture in 2005, JPMorgan has an option to call, and Cazenove [...]
BP profit up but investors fret over oil spill tragedy April 27, 2010 BP failed yesterday to calm investor fears about the oil spill in the Gulf of Mexico, despite recording mammoth profits. The oil giant’s profits hit $5.6bn (£3.6bn) in the first quarter of 2010, more than double the level of last year, thanks to higher oil and gas prices. The underlying results were well ahead of [...]
Amadeus IPO sees success at €11 a share April 27, 2010 Travel reservations firm Amadeus last night shrugged off a fickle listings market and closed books on a €1.36bn (£1.18bn) initial public offering (IPO) with the sale four times oversubscribed. The IPO priced at €11 per share, above the midpoint of the price range which was set at €9.2 to €12.2 per share when it was [...]