Vintage year beckons for recruitment market April 14, 2010 WHISPER it quietly or you may be beaten to the chase, but the City is suffering a shortage of candidates for good jobs – a situation not seen since the economic downturn began. Now that those bonuses that have been paid out are safely stashed in the bank, the traditional spring job hunting can begin [...]
Dubai World close to deal with creditors March 23, 2010 DEBT-LADEN Dubai World will present plans to restructure its $26bn (£17.3bn)debt pile to creditors this week, with details emerging as soon as today, sources familiar with the talks said yesterday. The conglomerate, which has been locked in talks with its creditors, will discuss how it plans to repay its commitments with an informal bank panel, [...]
London’s FTSE 100 ends down after weak oil stocks weigh on the market March 22, 2010 BRITAIN’S top share index ended slightly lower yesterday, as weakness in oil stocks outpaced firmer drugmakers, as the US House of Representatives approved a healthcare reform bill, and with miners also in demand. The FTSE 100 ended down 5.58 points, or 0.1 per cent, at 5,644.54 after a volatile session which saw the index dip [...]
CITY MOVES | WHO’S SWITCHING JOBS February 11, 2010 HSBC The bank has appointed Chris Barrow as global head of sales for its recently-launched HSBC Prime Services business, targeted at hedge funds and institutional fund managers across Europe and Asia. Barrow joins from Nomura, where he was international head of sales for prime services, and has also worked as head of sales and marketing [...]
Pru boss looks to pivotal deal February 28, 2010 JUST over a year after his forerunner Mark Tucker failed to buy American International Group’s Asian business, Prudential boss Tidjane Thiam is ready for another bite of the cherry. Tucker’s offer was turned down by AIG in late 2008 on valuation grounds. Thiam’s plan to raise £15bn through what would be a record-breaking share placing [...]
Demand for bank shares lifts FTSE 100 to a 22-month high April 15, 2010 THE FTSE 100 share index hit a 22-month high for the second day yesterday, as US data and earnings reports fanned hopes that a recovery in the world’s largest economy was gathering pace, with banks also buoyed by bullish broker comment. The FTSE 100 closed 28.76 points higher at 5,825.01 – its highest close since [...]
Miners and banks boost FTSE 100 March 31, 2010 STRONGER miners and banking stocks outweighed falls from defensive stocks to leave Britain’s top share index slightly higher by the close yesterday while BSkyB gained after an expected pay-TV review from Ofcom. The FTSE 100 index ended 7.32 points, or 0.1 per cent, higher at 5,679.64 having closed 0.7 per cent lower on Tuesday and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 29, 2010 FINANCIAL TIMES STEEL INDUSTRY SET FOR A ‘NEW VOLATILITY’ Lakshmi Mittal warned yesterday that the impending large rise in the costs of iron ore would lead to “new volatility” in the steel industry by pushing up prices of the metal in a development that could harm the competitiveness of some of ArcelorMittal’s European plants. The [...]
MAN FROM THE PRU IN SPOT OF PULP FRICTION May 20, 2010 SEASONED investors will be familiar with the mountain of paperwork that traditionally accompanies any City deal, but it does rather take the biscuit when recipients are actually forced to order waste-disposal skips in order to get the documents off their hands. Yet this, ladies and gents, is the position which stockbroker Charles Stanley finds itself, [...]
MAN FROM THE PRU IN SPOT OF PULP FRICTION May 20, 2010 SEASONED investors will be familiar with the mountain of paperwork that traditionally accompanies any City deal, but it does rather take the biscuit when recipients are actually forced to order waste-disposal skips in order to get the documents off their hands. Yet this, ladies and gents, is the position which stockbroker Charles Stanley finds itself, [...]