Winterhill set to raise £6m in Aim float January 10, 2010 INSOLVENCY services specialist Winterhill will today announce its intention to raise £6m through an initial public offering (IPO) on London’s Aim market, as it seeks to capitalise on the spate of corporate bankruptcies coming out of the recession. Directors Andrew and Neil Duckworth, who founded asset valuation and disposal firm Winterhill Asset in 1998, intend [...]
JP Morgan rules FTSE broking roost May 31, 2009 JP MORGAN Cazenove continues to dominate the FTSE broking world after gaining four new clients over the second quarter of the year, the latest adviser rankings guide from financial information company Hemscott has shown. JP Morgan Cazenove has a total of 228 clients, up from 224 at the end of the first quarter of 2009. [...]
JP Morgan rules FTSE broking roost May 31, 2009 JP MORGAN Cazenove continues to dominate the FTSE broking world after gaining four new clients over the second quarter of the year, the latest adviser rankings guide from financial information company Hemscott has shown. JP Morgan Cazenove has a total of 228 clients, up from 224 at the end of the first quarter of 2009. [...]
Hershey lines up $10bn for Cadbury bid January 17, 2010 IN a gripping twist to the Cadbury saga, Hershey yesterday appeared to be lining up a staggering $10bn (£6.15bn) bank loan. The US confectioner seems determined to fight against the odds to snap up hostile takeover target Cadbury. The loan, believed to be from banks including JP Morgan and Bank of America, would give it [...]
Foreign banks urged to lend to UK firms December 7, 2009 FOREIGN banks were yesterday asked to provide billions of pounds in loans to cash-strapped small businesses at a secret meeting with chancellor Alistair Darling and business secretary Lord Mandelson. The government lobbied senior executives from Goldman Sachs, Deutsche Bank, JP Morgan Chase, UBS, and BNP Paribas at a covert meeting in a bid to get [...]
US taxpayers start to reap good returns December 3, 2009 US taxpayers have so far made about $11bn (£6.7bn) from the state bailout of troubled banks, with Bank of America becoming the latest firm to repay its bailout money. Bank of America surprisingly said on Wednesday night it would repay the entire $45bn it received from the government under the Troubled Asset Relief Programme (Tarp), [...]
Morgan gets them motoring April 29, 2010 EOIN MORGAN produced another batting masterclass to send England spirits soaring ahead of today’s start of the World Twenty20 in the Caribbean. The diminutive Irish-born left-hander added to his glowing reputation in limited-overs cricket with a match-winning knock to help England wrap up a five-wicket warm-up win over South Africa in Barbados. Morgan smashed 63 [...]
Go against the grain and take a punt on the buck January 12, 2010 INVESTORS have found plenty of reasons to sell the dollar in recent months, including a terrible fiscal outlook in the US and a central bank that remains wedded to stimulus measures and low interest rates. Added to that list this week was a weak start to the US earnings season after aluminium producer Alcoa reported [...]
Caz set to cede power to JPMorgan November 15, 2009 BLUE-blooded stockbroker Cazenove is set to sell the remaining 50 per cent of its business to joint owner JP Morgan, in a bumper deal that will spark multi-million pound windfalls for its veteran former partners and star-performing current staff. Under the terms of a joint venture struck by the pair in 2004, JP Morgan has [...]
DIMON TIPPED FOR US TREASURY POST November 23, 2009 JP Morgan Chase chief executive Jamie Dimon is being tipped as an eventual successor to US Treasury Secretary Tim Geithner. Dimon has won plaudits for returning the bank to a steady footing. Whereas Geithner has come under fire over the dollar’s weakness, the US government’s growing deficit and rising unemployment.