FTSE reshuffle sees new floats dominate the index June 8, 2010 TOUR operator Thomas Cook is set to lose its place in the FTSE 100 Index following the latest reshuffle of blue-chip stocks. The firm’s shares have fallen by a third in the past three months as the travel industry copes with the recession and Iceland’s volcanic ash cloud. The result of the reshuffle will be [...]
Jupiter prepares for first day of trading June 20, 2010 CITY investors will be closely watching Jupiter Fund Management’s debut on the London Stock Exchange today, after its shares rose from 165p to 190p in unofficial dealing. Rival asset manager Gartmore has disappointed since its initial public offering (IPO) in December. Its share price has almost halved from 217p to 117.7p amid fears over internal [...]
Jupiter prepares for first day of trading June 20, 2010 CITY investors will be closely watching Jupiter Fund Management’s debut on the London Stock Exchange today, after its shares rose from 165p to 190p in unofficial dealing. Rival asset manager Gartmore has disappointed since its initial public offering (IPO) in December. Its share price has almost halved from 217p to 117.7p amid fears over internal [...]
Jupiter stock bounces in first session June 21, 2010 FUND manager Jupiter returned to the London stock exchange yesterday, riding buoyant markets to debut 15 per cent above the price set in an initial public offer (IPO) last week. Jupiter raised £220m to pay off debt and secured a £33.5m windfall for its current owners in its IPO, which priced at 165p. By mid-morning, [...]
LSE to take on Eurex and Liffe in derivatives June 8, 2010 The London Stock Exchange (LSE) yesterday said it was to take on Europe’s two dominant derivatives exchanges within a year, to broaden its footprint beyond its traditional share trading base. Eurex, controlled by Deutsche Boerse and Liffe, part of transatlantic exchange NYSE Euronext, has long dominated exchange traded derivatives in Europe. “We are on track, [...]
The million euro silver lining July 29, 2010 THE final moments of a sports match can be excruciating. Even more so if you placed a heavy bet on one of the teams to win. That was what happened to Conor Foley, an avid rugby fan, when he watched New Zealand lose in a shock defeat to France in the quarterfinals of the Rugby [...]
Base metals can still shine in an uncertain environment August 8, 2010 THE global economy is at an important crossroads; economic data from the US has been patchy and signs of a slowdown in China are causing bouts of volatility in risky assets. However, base metal prices have held up well. The question is, will they continue to do so? The recent surge in base metal prices [...]
TOP FOREX STAR TAKES TIME OUT FROM RBS August 24, 2010 A BLOW for the Royal Bank of Scotland – and, by extension, to the rest of us – as one of the most celebrated foreign exchange traders in the City hops out of the bank’s revolving door. Mark Barnes stepped up to the role of global head of forex trading at RBS last year, and [...]
Smart traders will capitalise on this week’s FTSE reshuffle June 6, 2010 DURING the last month the top football teams in the Coca-Cola Championship have been vying for places in the Premier League. The lucky teams are Newcastle, West Bromwich Albion and Blackpool, replacing Portsmouth, Burnley and Hull City which have lingered at the bottom of football’s top flight. In the same spirit, the FTSE reshuffle is [...]
Bank’s chief hawk says businesses will grow Britain out of recession February 1, 2011 FOR seven months Andrew Sentance stood alone, the only Bank of England rate-setter brave enough to call out for a gradual rise in rates. Yet in January he was finally joined by one of his eight colleagues, Martin Weale, in his appeal for a gradual tightening in the central bank’s rates. “I don’t want to [...]