Geoghegan calls bottom as HSBC signals higher profits November 10, 2009 HSBC chief executive Michael Geoghegan yesterday stuck his head above the parapet by definitively calling an end to the crisis, as the bank revealed third quarter profits were “significantly ahead” of last year. “I believe that the biggest jolt has now passed through the global economy,” Geoghegan said. “But it is too early to claim [...]
WHAT ARE YOU EXPECTING FROM BARCLAYS AND HSBC THIS WEEK? November 8, 2009 DAVID BUIK BGC PARTNERSI’m expecting both results to be exceptionally good, both Barclays and HSBC have been buoyed by investment banking. HSBC will likely make another significant writedown from its US consumer lending business which has been a noose around its neck.JUSTIN URQUHART STEWART 7 INVESTMENT MANAGEMENTThese are going to be very good results and [...]
HSBC’s Green says banks and bankers should apologise October 7, 2009 HSBC CHAIRMAN Stephen Green yesterday said that the entire banking sector “owes the real world an apology”. Green said that while the world cannot do without banks – bankers need to learn the lessons of the financial crisis that has shaken the world’s economy. In an interview with BBC Worldwide, Green said: “I think the [...]
Mitie sees boost from acquisitions May 17, 2010 MITIE, the support services firm, said yesterday acquisitions had boosted full-year profits and it expected increased government outsourcing to continue to support growth. Mitie, which cleans Barclays and HSBC’s UK buildings, said the acquisitions of rivals Dalkia and EPS had increased its foothold in the social housing market and also meant it could offer more [...]
BP gains while UK economic headwinds subdue the FTSE July 12, 2010 A JUMP in the share price of BP on hopes that the Gulf of Mexico oil leak will soon be capped outweighed a weakness in miners to push the FTSE 100 share index higher for a fifth session yesterday. The index closed up 34.08 points, or 0.7 per cent, at 5,167.02 having last week gained [...]
‘Andy Murray is a better player than I ever was’ June 20, 2010 AS confidants go, Tim Henman is a pretty good asset when it comes to Wimbledon. Four-time semi-finalist and the most successful male British player since Fred Perry in the 1930s, there isn’t a blade of grass on the famous courts of SW19 that the former world No4 doesn’t know. So, who better for Andy Murray [...]
Bankers miss Pru fees but eye AIA float June 1, 2010 LONDON bankers will miss the fees bonanza promised by Prudential’s swoop on AIA, but advisers in Asia are rubbing their hands at the prospect of a listing for AIG’s Far Eastern arm. Prudential was preparing to shower £850m on a raft of investment banks led by Credit Suisse, HSBC and JPMorgan, and lawyers led by [...]
Bankers miss Pru fees but eye AIA float June 1, 2010 LONDON bankers will miss the fees bonanza promised by Prudential’s swoop on AIA, but advisers in Asia are rubbing their hands at the prospect of a listing for AIG’s Far Eastern arm. Prudential was preparing to shower £850m on a raft of investment banks led by Credit Suisse, HSBC and JPMorgan, and lawyers led by [...]
FTSE rises for fourth day in a row as miners offset a sharp decline for BP June 14, 2010 BRITAIN’S top share index closed higher yesterday for a fourth straight day, led by miners buoyed by firmer metals prices and offsetting a sharp fall in BP. The FTSE 100 index closed up 38.45 points, or 0.7 per cent, at 5,202.13, its highest close since 3 June. Mining stocks added the most points to the [...]
City Moves | who’s switching jobs Edited June 14, 2010 Future Capital Partners The investment boutique has hired Tim West as its new deputy chief executive. West joins from Babcock and Brown, where he was head of the London office and chief operating officer for the Europe, Middle East and Africa region. Prior to that, he held the position of European chief operating officer for [...]