Hoare Capital grabs veteran credit experts September 20, 2009 HOARE Capital, the wholesale broking boutique, has embarked on a hiring spree in its specialist credit team, ahead of a possible move to new offices in Mayfair. The firm, led by founding senior partner Nicholas Hoare, has brought in 10 new faces to its credit business. Among the appointments is Richard Gathercole, formerly of Bank [...]
BORIS ATTACKS BANKS IN U-TURN October 19, 2009 BORIS Johnson is prepared to haul bankers into City Hall to berate them over bonuses after he threw away his cheerleader outfit and attacked the City’s culture of “greed”. In a massive U-turn that followed months of outspoken defence of banks and the City, Boris said he would take a harder line with the industry. [...]
BORIS ATTACKS BANKS IN U-TURN October 19, 2009 BORIS Johnson is prepared to haul bankers into City Hall to berate them over bonuses after he threw away his cheerleader outfit and attacked the City’s culture of “greed”. In a massive U-turn that followed months of outspoken defence of banks and the City, Boris said he would take a harder line with the industry. [...]
CITY MOVES WHO’S SWITCHING JOBS October 11, 2009 McDermott Will & EmeryThe law firm has appointed Hugh Nineham as its new London office head, replacing Doron Ezickson, who steps down to return to full-time practice as head of international for the energy and commodities practice. Nineham joined the company in April 2008 from rival Lovells, where he previously headed up the firm’s international [...]
BEST OF THE BROKERS September 10, 2009 TESCOJP Morgan said that 2009/10 will be a year of two halves for Tesco in terms of like-for-like growth, margin development and competition. The broker reiterated its “underweight” rating and 335p target price, saying that the chain remains a company with great assets and management track record but that it faces challenges. GAME GROUPGame’s current [...]
A new Glass-Steagall Act wouldn’t work October 20, 2009 WHEN the Governor of the Bank of England – and if the Tories are elected, the next chief financial regulator – calls for investment banks to be separated from retail banks, everybody should sit up and listen carefully. King seems deadly serious, and George Osborne said last night that he agreed with much of the [...]
BEST OF THE BROKERS September 9, 2009 JOHN WOOD GROUPJP Morgan upgraded its rating for John Wood to “overweight” with an increased price target of 365p. The broker said that the shares are 13 per cent lower since 25 August, on concerns for Well Support’s exposure to onshore gas. It believes that these concerns are overdone and that earnings resilience is underappreciated. [...]
CITY MOVES WHO’S SWITCHING JOBS October 14, 2009 Ambrian PartnersThe stockbroking firm has appointed Philip Dorgan, one of the most respected retail analysts in the market, to its research team. Dorgan has been a retail analyst at rival broker Panmure Gordon for the past 13 years, latterly as head of research. He was also head of European retail at Goldman Sachs between 1988 [...]
CITY MOVES WHO’S SWITCHING JOBS October 14, 2009 Ambrian PartnersThe stockbroking firm has appointed Philip Dorgan, one of the most respected retail analysts in the market, to its research team. Dorgan has been a retail analyst at rival broker Panmure Gordon for the past 13 years, latterly as head of research. He was also head of European retail at Goldman Sachs between 1988 [...]
Earnings season is like X Factor for the City stars October 18, 2009 TWO important events have collided this autumn: X Factor and earnings season. So I’ve cast myself as CNBC’s Cheryl Cole. I’m not half as glam as Mrs Cole. I’m a foot taller and decidedly more pregnant, but I’m going to roll with it and leave my colleagues to argue over who wants to be Dannii, [...]