Keeping a lookout for possible shocks December 19, 2010 MAY YOU live in interesting times may sound like a blessing, but in ancient China, it was considered a curse. Spread betters may be divided on which they think it is, but 2011 certainly looks likely to be interesting. Next year could see more bank crises in Europe, burst bubbles in Asia and painful austerity [...]
CITY MOVES | WHO’S SWITCHING JOBS December 13, 2010 Logica Seamus Keating, currently Logica’s chief operations and finance officer, has been announced as the firm’s chief executive for the Benelux countries. He will take up his new job as soon as a successor for his role as CFO has been found, replacing Wilbert Kieboom, who has decided to leave the group. Kieboom will, however, stay [...]
CITY MOVES | WHO’S SWITCHING JOBS November 29, 2010 CBRE Investors The global real estate investment management firm has announced the appointment of Jean Lamothe as President of CB Richard Ellis Investors Europe. Jean will be responsible for the strategic direction, operations, financial results, day-to-day management and leadership of the firm’s pan-European platform, including the UK. He also will oversee the existing direct investment [...]
CITY MOVES | WHO’S SWITCHING JOBS November 29, 2010 CBRE Investors The global real estate investment management firm has announced the appointment of Jean Lamothe as President of CB Richard Ellis Investors Europe. Jean will be responsible for the strategic direction, operations, financial results, day-to-day management and leadership of the firm’s pan-European platform, including the UK. He also will oversee the existing direct investment [...]
Westwood remains No1 despite Molinari victory November 7, 2010 ITALIAN Francesco Molinari denied Lee Westwood the perfect end to his perfect week by winning the HSBC Champions in Shanghai by one shot. Molinari held a single shot lead going into the final day and a fourth round 67 was enough to fend off Westwood, who this time last week was celebrating becoming world No1. [...]
Revealed: The UK’s Irish risk November 22, 2010 THREE major UK banks – RBS, Barclays and Lloyds – together havemore than €100bn (£860m) of exposure in Ireland, according to data seen by City A.M. Morgan Stanley conducted research on the levels of exposure in the three “peripheral” Eurozone countries, Ireland, Portugal and Greece. Unsurprisingly “the largest exposures are clustered in UK banks”, the [...]
Revealed: The UK’s Irish risk November 22, 2010 THREE major UK banks – RBS, Barclays and Lloyds – together havemore than €100bn (£860m) of exposure in Ireland, according to data seen by City A.M. Morgan Stanley conducted research on the levels of exposure in the three “peripheral” Eurozone countries, Ireland, Portugal and Greece. Unsurprisingly “the largest exposures are clustered in UK banks”, the [...]
Snow losers for traders looking for volatility January 16, 2011 THE Christmas trading results branded companies as either winners or “snow losers” last week. Tesco shocked the market by offering figures that analysts felt paled in comparison to Sainsbury’s. Thanks to 12,000 tonnes of grit, the supermarket deserved to take the title of winner of the festive race. Toy, clothing and leisure retailers also offered [...]
Post Office to serve banks’ customers November 9, 2010 Royal Bank of Scotland (RBS) and NatWest customers will be able to access current and business accounts at Britain’s 12,000 post offices after the government ditched plans for a state-backed Post Office bank. The agreement means post offices will provide services for 80 per cent of current accounts in Britain, postal affairs minister Edward Davey [...]
Post Office to serve banks’ customers November 9, 2010 Royal Bank of Scotland (RBS) and NatWest customers will be able to access current and business accounts at Britain’s 12,000 post offices after the government ditched plans for a state-backed Post Office bank. The agreement means post offices will provide services for 80 per cent of current accounts in Britain, postal affairs minister Edward Davey [...]