US unit could be up for sale, says Wimpey January 21, 2010 TAYLOR Wimpey, one of Britain’s biggest housebuilders, is understood to be considering spinning off its North American business through a sale or stock market flotation, which could enable it to slash its debt mountain. The company’s adviser JP Morgan Cazenove is thought to have started sounding out rival and other institutions on their appetite for [...]
Traders turning to stars for answers February 28, 2010 I’M sitting in an opulent suite at the Four Seasons Hampshire with about 20 other people, sipping tea and nibbling cakes. We’re here in deepest darkest Dogmersfield, a former hunting park of Henry VIII, to find out what the future holds – and what the chaotic present means – from one of the world’s most [...]
JP MORGAN CAZENOVE IAN HANNAM June 9, 2009 JP Morgan Cazenove’s (JP M Caz) top dealmaker Ian Hannam was the chief adviser on the Heritage-Genel merger. He’s tipped to be the big beast of 2009’s bonus pool, having reeled in most of the company’s big deals. He, along-side JP M Caz’s new chief executive, Naguib Kheraj, secured advisership on the HSBC, Xstrata, Land [...]
JP MORGAN CAZENOVE IAN HANNAM June 9, 2009 JP Morgan Cazenove’s (JP M Caz) top dealmaker Ian Hannam was the chief adviser on the Heritage-Genel merger. He’s tipped to be the big beast of 2009’s bonus pool, having reeled in most of the company’s big deals. He, along-side JP M Caz’s new chief executive, Naguib Kheraj, secured advisership on the HSBC, Xstrata, Land [...]
Obama shouldn’t break up the banks January 21, 2010 BARACK Obama might be planning to limit the size of investment banks and the risks they can take on, but those who support a newer version of the legislation that emerged in the Great Depression – such as the now-defunct Glass Steagall Act – should take note: If the recent glut of US bank earnings [...]
JPM Caz still leading FTSE adviser pack… November 29, 2009 BLUE-blooded City brokerage JP Morgan Cazenove is still proving its mettle as the City’s dominant corporate broking player, topping the adviser leaderboard again over the past quarter despite uncertainty caused by its imminent takeover by JP Morgan. The latest Hemscott adviser rankings guide, published today, shows that the firm advises a total of 240 broking [...]
CITY MOVES | WHO’S SWITCHING JOBS February 3, 2010 GLG Partners The asset management group has appointed Raffaele Costa as its new co-head of marketing. Costa, 40, has worked at GLG since it was founded in 1995, when he joined as a portfolio manager specialising in US and European equities. Prior to that, he was at Goldman Sachs. Costa will now work alongside co-chief executive [...]
REVENUES ARE CRUCIAL TO US EARNINGS January 18, 2010 CFD MARKET STRATEGIST, GFT LAST year finished on a high note for global equity markets and this euphoria carried through into the first week of 2010. But after having shot out of their starting blocks, equities have clipped the first hurdle as the fourth quarter earnings season kicked off in the US. Aluminium giant Alcoa [...]
EU has been hiding its debt for years February 15, 2010 IT is astonishing how short our collective memories have become. It was once well-known that Greece, Italy and other countries had used dodgy tricks to embellish their public finances prior to the launch of Economic and Monetary Union to meet the entry requirements; yet now everybody is pretending to be surprised or even shocked. Even [...]
Boris: exodus from City to knock public finances January 10, 2010 MAYOR Boris Johnson yesterday called on the Treasury Select Committee to launch an “urgent” investigation into the government’s new tax on bank bonuses, which he said would seriously endanger the City’s position as a competitive global financial centre. The Mayor’s advisers predict up to 9,000 bankers could leave the UK for more favourable jurisdictions due [...]