Taylor Wimpey sees profits at top end of market views November 16, 2010 HOUSEBUILDER Taylor Wimpey said it expects profit to be at the high end of estimates this year thanks to stable sales, while a £950m refinancing deal will give the firm more flexible trading conditions next year. The company has an order book worth £883m, down 8.4 per cent on last year, though the firm said [...]
CITY MOVES | WHO’S SWITCHING JOBS December 16, 2010 Bluefin Wealth Management Bluefin Wealth Management, a subsidiary of AXA, has appointed two new financial planners in its London office. Geoffrey Winchester (pictured) joins the firm from St James’s Place Wealth Management, where he was consulting on wealth management and has previously worked at Edward Jones and HSBC as a stockbroker. Paul Bradley joins Bluefin [...]
CITY MOVES | WHO’S SWITCHING JOBS December 16, 2010 Bluefin Wealth Management Bluefin Wealth Management, a subsidiary of AXA, has appointed two new financial planners in its London office. Geoffrey Winchester (pictured) joins the firm from St James’s Place Wealth Management, where he was consulting on wealth management and has previously worked at Edward Jones and HSBC as a stockbroker. Paul Bradley joins Bluefin [...]
France launches HSBC data probe April 14, 2010 French prosecutors have launched a money-laundering probe based on data stolen by an ex-employee of banking group HSBC, claiming it affected thousands of French clients with Swiss accounts. Prosecutor Eric de Montgolfier said the affair involved 8,231 French customers of HSBC who had accounts in Switzerland. Accounts held by around 7,000 Italians were also being [...]
HSBC trains bids to come today April 14, 2010 HSBC is preparing for a flood of bids today as it looks to shed its train leasing business, which owns roughly one-third of the UK’s rail rolling stock and is expected to be valued at £2bn. One of the bidders is a consortium of 3i Infrastructure, Star Capital and Morgan Stanley’s infrastructure fund. Others include [...]
What the other papers say this morning January 11, 2011 FINANCIAL TIMES LAWYERS URGE HUNT TO BE CAREFUL OVER SKY BID Jeremy Hunt must act carefully to avoid legal challenge to his role in regulating News Corp’s proposed bid for British Sky Broadcasting, after his department sent Rupert Murdoch’s company a key document, lawyers said. Three competition experts yesterday said the culture secretary’s move could [...]
City warns over rights issue rip off December 13, 2010 INVESTMENT banks have been slammed by the City’s top institutional investors for charging unfairly high fees to companies raising capital through rights issues. An inquiry commissioned by the Institutional Investor Council, backed by the Association of British Insurers and the National Association of Pension Funds, lashes out at investment banks today for charging underwriting fees [...]
City warns over rights issue rip off December 13, 2010 INVESTMENT banks have been slammed by the City’s top institutional investors for charging unfairly high fees to companies raising capital through rights issues. An inquiry commissioned by the Institutional Investor Council, backed by the Association of British Insurers and the National Association of Pension Funds, lashes out at investment banks today for charging underwriting fees [...]
US jobs data leads FTSE to a strong close January 5, 2011 THE FTSE continued its strong start to 2011 as a late afternoon rally enabled it to stick at levels not seen since 2008. The FTSE 100 closed 29.99 points or 0.5 per cent higher to close at 6,043.86, still ahead of the important 6,000 mark and far above levels seen in the recession. Impressive US [...]
Management team has its work cut out September 26, 2010 THE coup that cost Michael Geoghegan his job was caused by a dramatic boardroom rift in a bank famed for its conservatism. While this kind of putsch might be expected at one of its rivals, HSBC is a gentlemanly outfit where decorum is all. No-one can deny that the bank has promoted two of its [...]