JP Morgan Caz retains its lead in adviser rankings March 1, 2010 JP MORGAN Cazenove continues to lead the City’s broker adviser tables, according to the latest rankings from Hemscott. JP Morgan finishes the first quarter of the year with 241 clients, well ahead of Numis Securities which is in second place with 113 clients. Among FTSE 100 clients, JP Morgan Cazenove is again well in front, [...]
Shareholding slumps among UK individuals January 28, 2010 SHARE ownership among British individuals has fallen to an all-time low while foreign investors’ stakes in the stockmarket have risen, official figures published yesterday show. At the end of 2008, individual investors owned just 10.2 per cent of the stockmarket, according to the Office for National Statistics. The number represents a decline from 12.8 per [...]
Jefferies sets up event-driven trading desk February 16, 2010 JEFFERIES, the investment banking firm, has appointed Chris Blackburn as head of its new European event driven trading desk. The five-man London team, will work in tandem with a six-strong New York desk, offering sales, trading and analysis of European stocks involved in M&A, financial distress and other so-called “special situations”. The desk has been [...]
Mergers can give you stellar profits March 14, 2010 THE financial rumour mill went into overdrive on Friday after whisperings that Rupert Murdoch, the chairman of News Corporation, the global media group, was thinking about buying back BSkyB, the broadcaster he helped to found in 1990. It was mooted that Murdoch might even be willing to pay up to 735p per share, a 20 [...]
Majority of City lawyers support Tories May 4, 2010 HERE’S a thought: if our electorate comprised City lawyers – okay, maybe not that most appealing thought – the Tories would storm to an election win on Thursday. Legal Week magazine recently reckoned that almost two thirds of City partners (63 per cent) were backing Cameron. A survey by DLA Piper of 545 senior UK [...]
Kraft can up its Cadbury bid by 20 per cent, say analysts September 15, 2009 KRAFT could raise its offer for Cadbury by at least 20 per cent thanks to a boost from sale synergies, according to brokers Sandford Bernstein, who will today host a conference with Cadbury chief executive Todd Stitzer. Kraft’s bid was originally worth $16.7bn (£10.2bn), which valued each share at 745p. Cadbury has rejected the offer, [...]
CITY MOVES | WHO’S SWITCHING JOBS February 28, 2010 ARCHANT The media giant has appointed Mike Walsh, a leading figure in the worlds of advertising, brand marketing and charities, to its main Board as a non-executive director. Walsh is currently a director at advertising agency Ogilvy and Mather South Africa and a non executive at global brand identity and design company, The Brand Union. [...]
Stitzer set to woo investors December 13, 2009 CADBURY chief executive Todd Stitzer will today tell shareholders why they should not accept a hostile takeover from Kraft Foods as speculation mounted that the British confectioner is in talks with Hershey over a rival offer. Hershey is widely understood to be holding talks with Cadbury about a possible friendly takeover. At an eagerly anticipated [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 10, 2010 FINANCIAL TIMES BOCOM EYES $500M PRIVATE EQUITY FUND Bank of Communications is to launch a US dollar private equity fund in the latest sign of mounting Chinese interest in the asset class. BoCom International, the bank’s overseas arm, said on Wednesday it was targeting a $500m fund that would invest in mainland groups. The fund [...]
Cadbury signs up to Fairtrade July 22, 2009 The UK’s best-selling chocolate bar, Cadbury’s Dairy Milk, is set to become the largest brand to bear the Fairtrade logo, in a move which will see it try to steal market share from its ethical rivals. It is thought that the tie up between Fairtrade and Britain’s biggest selling chocolate bar will raise Fairtrade sales [...]