Collins Stewart to enter big league November 9, 2010 BROKER and financial services group Collins Stewart has picked up its first FTSE 100 client. Randgold Resources, an Africa-focused gold mining and exploration company with a market capitalisation of £5.5bn, has hired Collins Stewart as its joint corporate broker, along with Bank of America Merrill Lynch. HSBC, which has advised Randgold since before it listed [...]
Collins Stewart to enter big league November 9, 2010 BROKER and financial services group Collins Stewart has picked up its first FTSE 100 client. Randgold Resources, an Africa-focused gold mining and exploration company with a market capitalisation of £5.5bn, has hired Collins Stewart as its joint corporate broker, along with Bank of America Merrill Lynch. HSBC, which has advised Randgold since before it listed [...]
Government meeting with banks “constructive” but overshadowed by Cable December 21, 2010 GOVERNMENT ministers have said talks with bank bosses were “constructive” but their efforts to pressure them to rein in bonuses and step up lending have been overshadowed by the row engulfing Vince Cable. The business secretary, the coalition’s most vocal opponent of bankers’ pay, was at the meeting, but has spent the day under fire [...]
Europe warns of pain for Allied Irish creditors December 21, 2010 ALLIED IRISH BANKS’ junior bondholders will have to take a big hit in a future restructuring, the European Commission has warned when approving billions of euros in state aid for Irish banks. Brussels’ threat triggered a fall in Irish sovereign debt, stoking fears the ongoing financial crisis means more pain including the spectre of forced [...]
HOW THE BANK LEVY WILL WORK October 21, 2010 Q.WHAT LEVEL IS THE LEVY BEING SET AT? A.The government gave no details on the rate at which the levy will be set. When it first unveiled plans in June, it said the initial rate would be 0.04 per cent rising to 0.07 per cent in 2012-13. However, many analysts think that rate is too [...]
HOW THE BANK LEVY WILL WORK October 21, 2010 Q.WHAT LEVEL IS THE LEVY BEING SET AT? A.The government gave no details on the rate at which the levy will be set. When it first unveiled plans in June, it said the initial rate would be 0.04 per cent rising to 0.07 per cent in 2012-13. However, many analysts think that rate is too [...]
London hits 31-month closing high as Portuguese fears fade January 12, 2011 BRITAIN’S top share index hit a 31-month closing high yesterday, boosted by banks after a successful bond sale in Portugal eased investor concerns over Europe’s sovereign debt crisis, and as miners tracked metals prices higher. The FTSE 100 ended up 36.69 points, or 0.6 per cent, at 6,050.72, its highest close since early June 2008, [...]
A bonanza of fresh, cheap funds for the retail investor November 3, 2010 HSBC is planning another series of emerging market exchange traded fund (ETF) launches as the price war in ETFs intensifies. Retail investor confidence in using funds tracking more exotic indices is growing and HSBC is cranking up its aggression with planned launches in the first half of 2011 tracking the MSCI India, MSCI Emerging Asia [...]
CABLE TO BANKS: I WON’T BE BULLIED December 19, 2010 BUSINESS secretary Vince Cable is on the warpath over bankers’ bonuses, announcing yesterday that he doesn’t care if tougher rules cause an exodus of financial firms from the UK. “We’re not going to be bullied,” he said, in relation to companies’ threats to leave the country due to an inability to recruit top talent. He [...]
CABLE TO BANKS: I WON’T BE BULLIED December 19, 2010 BUSINESS secretary Vince Cable is on the warpath over bankers’ bonuses, announcing yesterday that he doesn’t care if tougher rules cause an exodus of financial firms from the UK. “We’re not going to be bullied,” he said, in relation to companies’ threats to leave the country due to an inability to recruit top talent. He [...]