CITY MOVES | WHO’S SWITCHING JOBS September 29, 2010 Tullett Prebon The inter-dealer broker has re-hired Tory MP Michael Fallon as a non-executive director, just a few months after he resigned to pursue an unsuccessful campaign for the Treasury Select Committee chairmanship. Fallon, who lost out to Andrew Tyrie, rejoins Tullett a week after he replaced Lord Ashcroft as deputy chair of the Conservative [...]
CITY MOVES | WHO’S SWITCHING JOBS September 29, 2010 Tullett Prebon The inter-dealer broker has re-hired Tory MP Michael Fallon as a non-executive director, just a few months after he resigned to pursue an unsuccessful campaign for the Treasury Select Committee chairmanship. Fallon, who lost out to Andrew Tyrie, rejoins Tullett a week after he replaced Lord Ashcroft as deputy chair of the Conservative [...]
Shareholders urged to sign up to new Stewardship Code September 15, 2010 SPEAKERS at the ABI’s investment conference yesterday urged company shareholders to sign up to the government’s new Stewardship Code, arguing that improving the long-term attitude of investors is crucial in order to hold at bay radical changes to governance regulation at a European level. Peter Montagnon, who left the ABI earlier this year to become [...]
Pay reforms will go ahead September 5, 2010 CHANCELLOR George Osborne yesterday struck back at claims he is preparing to scrap plans to increase transparency over bank pay, insisting that the government remains “fully committed” to the proposals put forward last year by Sir David Walker. Under Walker’s proposed reforms, UK banks will have to reveal intricate details of pay structures, including how [...]
The return of the Turtle Traders: nature vs nurture November 1, 2010 DO YOU have to be born a successful trader or can anybody learn how to play the financial markets and make a tidy profit in the process? This debate has divided Wall Street and the Square Mile for decades and in 1984 35 year-old Richard Dennis, a commodities analyst from Chicago, set out to prove [...]
Emerging markets’ illness small but persistent October 10, 2010 FAR BE it for me to ruin your Monday but I am starting to get a bad feeling about emerging markets. Let me put that in context. On a medical scale I would call it more of a slight itch than a life-threatening condition, but it is definitely persistent. EMERGING MARKETS GROWTH SLOWS HSBC knows a thing [...]
Emerging markets’ illness small but persistent October 10, 2010 FAR BE it for me to ruin your Monday but I am starting to get a bad feeling about emerging markets. Let me put that in context. On a medical scale I would call it more of a slight itch than a life-threatening condition, but it is definitely persistent. EMERGING MARKETS GROWTH SLOWS HSBC knows a thing [...]
JP MORGAN BOSS DIMON WARNS ON UK REGIME October 20, 2010 MUCH has been made of rumours that JP Morgan is to abandon plans to build itself an all-singing, all-dancing new HQ in Canary Wharf, with talk rife that the UK’s punishing tax regime and regulatory changes are behind the bank’s reluctance to commit. And in a little-noticed interview aside recently, JP Morgan’s chief executive Jamie [...]
Turkey’s star is still rising for ETF investors November 3, 2010 WITH a near-record 18 IMF bailouts, Turkey might not seem like a smart investment to the untrained eye. But in just a decade the country has gone from a basket-case to a fully-fledged bull market. At this rate the country is tipped to grow faster than China in the next decade. News like this has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 12, 2010 FINANCIAL TIMES RESPITE OVER CITY BONUSES DETAILS Britain’s banks will be spared the embarrassment of giving details of big bonus payments to staff in their annual reports next spring after the Treasury admitted the relevant legislation will not be on the statute book in time. The delay to new disclosure requirements is likely to create [...]