Car production sees 90pc rise in March as confidence rises April 22, 2010 LENDING to British firms fell at a slower pace in February than January but still recorded the second biggest annual percentage drop since records began, figures from the Bank of England (BoE) showed yesterday. There was better news for the housing market, however, with mortgage approvals rising for the first time since November and lenders [...]
Flow of lending to UK firms remains weak, warns BoE April 22, 2010 LENDING to British firms fell at a slower pace in February than January but still recorded the second biggest annual percentage drop since records began, figures from the Bank of England (BoE) showed yesterday. There was better news for the housing market, however, with mortgage approvals rising for the first time since November and lenders [...]
Be discerning about Europe’s banking sector June 13, 2010 THE last two years have been cataclysmic for the global banking sector. Yet most banks managed to stay afloat during the financial crisis and have returned to profitability this year. And after the wave of volatility that hit the markets in recent weeks, banking stocks are beginning to look cheap. But should investors be buying [...]
CITY VIEWS: WHO DO YOU THINK SHOULD BE THE NEXT LABOUR LEADER? August 23, 2010 ANTHONY ROBBINS | DEUTSCHE BANK “Since the general election, my interest in politics has waned. The next one is so far away that the outcome of the leadership contest is almost irrelevant. It will probably be David Miliband, but I’m not that bothered.” DAVID LLOYD | IN KIND DIRECT “The party needs someone younger and [...]
CITY VIEWS: WHO DO YOU THINK SHOULD BE THE NEXT LABOUR LEADER? August 23, 2010 ANTHONY ROBBINS | DEUTSCHE BANK “Since the general election, my interest in politics has waned. The next one is so far away that the outcome of the leadership contest is almost irrelevant. It will probably be David Miliband, but I’m not that bothered.” DAVID LLOYD | IN KIND DIRECT “The party needs someone younger and [...]
Harvey Nash sees City jobs bounce back September 30, 2010 RECRUITMENT specialist Harvey Nash said yesterday that a rise in jobs in financial services had helped the company to boost its profit. The firm saw pre-tax rise to £2.6m from £1.8m a year earlier as new life was breathed into the jobs market following the recession. An increase in regulation has seen companies recruit more [...]
Concerns over Goldman Sachs weigh on the FTSE 100 as mining shares fall April 19, 2010 UNCERTAINTY over the fallout from fraud charges against Goldman Sachs and the grounding of flights across Europe depressed London blue chips yesterday, led by risk-sensitive banks and miners and travel firms. The FTSE 100 closed down 16.05 points, or 0.3 per cent, at 5,727.91, extending Friday’s 1.4 per cent fall. Banks were rattled as investors [...]
CITY MOVES | WHO’S SWITCHING JOBS October 3, 2010 Merchant Securities The financial services group has appointed Chris Smith as its new head of institutional broking, focusing on establishing a research capability in the financials sector. Smith has covered financials for over 20 years, latterly at Jefferies International and Oriel Securities. He also previously worked for HSBC James Capel, where he was the top-ranked [...]
Home-builders ramp up incentives to lure hard-up first-time buyers December 2, 2010 HOME-BUILDERS have always offered buyers deals, but some are more valuable than others. Take, for example, the West Bromwich Building Society’s offer in 2004 of a free Rover car worth over £7,000 – a year before the car-maker went into administration. The downturn has left house-builders with new-builds sitting empty all over the country, and [...]
FTSE 100 bounces back after a strong performance from the financial sector October 18, 2010 Britain’s top shares rebounded yesterday after falls in the past two sessions, boosted by oils and banks, with better-than-expected results from Citigroup and hopes of more US economic stimulus improving sentiment. The FTSE 100 index ended 39.15 points, or 0.7 per cent, higher at 5,742.52 after falling last Thursday and Friday. The index is up [...]