Neonet to offer dark liquidity July 13, 2009 Neonet, Sweden’s largest broker, yesterday announced it has started to offer access to “dark liquidity”, thereby strengthening its buy-side offering further. Neonet is the most recent member of SmartPool, the multi-lateral “dark pool” trading facility launched by NYSE Euronext in partnership with JP Morgan, HSBC and BNP Parabis five months ago. A dark pool is [...]
FRESH LEASE OF LIFE FOR EX-LLOYDS BANKING LAIR September 1, 2009 HIP hip, hooray; there’s a new flash drinking hole in town. Actually, they don’t come much flasher than the new Green’s Restaurant and Oyster Bar, which is situated in the grand confines of the old Lloyds banking hall on Cornhill. Simon Parker Bowles, one-time brother-in-law to Camilla and the owner of the original Green’s of [...]
JPMCaz unveils scathing Pru note July 8, 2009 JP Morgan Cazenove (JPM Caz) has published a controversial research note suggesting insurance heavyweight Prudential has “made full use of the vagaries of insurance accounting to present its results in a good light”. The note, a draft of which was shown to the firm last week, sparked concern when Pru proposed a number of changes [...]
Why a Vodafone and T-Mobile tie up makes sense July 1, 2009 FOR Sale. British mobile network operator. Number four in market. Unprofitable. One neglectful German owner. £3bn or nearest offer. If JP Morgan, which has been appointed to drum up interest in a potential sale of Deutsche Telekom’s T-Mobile UK, were to write a classified ad for the business, this is how it would read. One [...]
BEST OF THE BROKERS July 14, 2009 UNILEVERJP Morgan said that Unilever is on a path to growth and a higher valuation as it upgraded the stock to “overweight”. The broker said that, despite outperforming most peers in the year-to-date, Unilever still trades at discounts of nine per cent and 13 per cent to peers in foods and households and personal care [...]
BEST OF THE BROKERS July 22, 2009 BSKYBJP Morgan upgraded BSkyB to “neutral” from “underweight”, saying that the regulatory overhang has been removed in the short-term – with Ofcom unlikely to publish its next consultation document until the end of the year – and the focus can shift to operating performance and capital structure. But some factors stop the broker from being [...]
CITI HARD TO BEAT FOR A BRAVE PUNT August 10, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT ONE of the most popular CFD stocks right now is Citigroup, but perhaps what is surprising is the direction of trades – everyone is buying. But what is attracting people to a bank, which was fighting for its very survival earlier this year? It is certainly an impressive turnaround in [...]
CITI HARD TO BEAT FOR A BRAVE PUNT August 10, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT ONE of the most popular CFD stocks right now is Citigroup, but perhaps what is surprising is the direction of trades – everyone is buying. But what is attracting people to a bank, which was fighting for its very survival earlier this year? It is certainly an impressive turnaround in [...]
Regulation gurus speak to City June 23, 2009 EU regulation guru Jacques de Larosiere will join Financial Services Authority chairman Lord Adair Turner and Conservative Sir James Sassoon to speak at the Business for New Europe (BNE) conference. The trio, who have each produced recommendations on the future of regulation, will address an audience of business leaders at JP Morgan’s Victoria Embankment headquarters.
CITY ON THE CUSP OF APPOINTING NICK ANSTEE AS NEXT LORD MAYOR September 23, 2009 UNDER a week to go until the appointment of the man who will replace Lord Mayor Ian Luder at the helm of the City of London. The new boss won’t officially take up residence in his swanky Mansion House digs until his official inauguration in November, though the election – if you can call it [...]