TD Bank awarded gilt status March 29, 2010 US bank Toronto Dominion Bank said yesterday its London branch has been recognised as a gilt-edged market maker by the UK Debt Management Office and the London Stock Exchange. As a recognised market maker, Toronto Dominion Bank said it would participate in gilt auctions by the UK government. UK government bond issuances rose to £225.1bn [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 28, 2010 FINANCIAL TIMES TOKYO HIT BY CLAIMS OF INSIDER TRADING Japan’s financial regulator and the Tokyo Stock Exchange are investigating recent trading activity following allegations of widespread insider trading ahead of new share issues by Japanese companies. Regulators are examining possible insider trading involving recent share issues where short selling activity increased substantially in the run-up [...]
Still time for Essar to get this right April 15, 2010 THE London Stock Exchange’s biggest flotation in four years should be a cause for celebration in the City. The fact that the flotation is that of an Indian group that might have otherwise chosen Hong Kong or New York or anywhere else in the world to list its oil, gas and energy division, should make [...]
Don’t be caught unawares by bank volatility May 26, 2010 FEARS of sovereign debt contagion within the Eurozone have quickly turned into concerns about a European banking crisis. As if investors needed any further confirmation about the fragility of European banks, regional Spanish bank CajaSur was seized last weekend by the Bank of Spain after it had been crippled by property loan defaults. Plenty of [...]
Don’t be caught unawares by bank volatility May 26, 2010 FEARS of sovereign debt contagion within the Eurozone have quickly turned into concerns about a European banking crisis. As if investors needed any further confirmation about the fragility of European banks, regional Spanish bank CajaSur was seized last weekend by the Bank of Spain after it had been crippled by property loan defaults. Plenty of [...]
CITY MOVES | WHO’S SWITCHING JOBS October 6, 2010 Nomura Former RBS chief market strategist Bob Janjuah (pictured) and chief markets economist Kevin Gaynor have resurfaced at the Japanese investment bank, where they take up the roles of co-heads of cross asset allocation strategy. Perma-bear Janjuah made the headlines weeks before Lehman Brothers collapsed back in 2008, when he predicted the economic crisis. Geoff [...]
Government reforms should not damage City May 9, 2010 THIS election campaign was one of the most keenly contested and significant – both for the City and the UK – in recent generations. At the time of writing the composition of the next government is uncertain, but the issues affecting the economy and financial services industry remain far more clear cut. I hope the [...]
M&S success fails to stop a drop in the FTSE 100 index October 7, 2010 BRITAIN’S top share index closed lower yesterday, as weaker metals prices hurt mining stocks, while Marks & Spencer rose as investors warmed to a trading update from the retailer. The FTSE 100 closed 19.26 points, or 0.3 per cent, lower at 5,662.13, after rising 0.8 per cent on Wednesday to a five-month closing high. Mining [...]
M&S success fails to stop a drop in the FTSE 100 index October 7, 2010 BRITAIN’S top share index closed lower yesterday, as weaker metals prices hurt mining stocks, while Marks & Spencer rose as investors warmed to a trading update from the retailer. The FTSE 100 closed 19.26 points, or 0.3 per cent, lower at 5,662.13, after rising 0.8 per cent on Wednesday to a five-month closing high. Mining [...]
Kazakhmys chairman offloads chunk of shares to the Kazakh government October 5, 2010 Kazakhmys chairman Vladimir Kim has sold nearly a third of his stake in the company to the Kazakh government for about $1.3bn (£818m), sparking concerns about increasing government involvement in the copper producer. Kim sold about 11 per cent of the London-listed company to diversify his investments ahead of a possible secondary listing next year [...]