THE CAPITALIST October 11, 2010 ONCE more, the hedge fund community unites for a good cause – this time not by shelling out enormous sums of money while being wined and dined at a charity gala dinner, a la Arki Busson, but by writing a book designed as a warning to policymakers all over the globe. Tonight will see swanky [...]
Budget fails to boost market as FTSE 100 treads water March 24, 2010 BRITAIN’S top shares added 0.1 per cent yesterday as strength in miners and banks was balanced out by weakness in energy issues, with little overall impact from a Budget that contained few surprises. At the close, the FTSE 100 was up 4.25 points at 5,677.88, having hit a fresh 21-month intra-day peak at 5,698.87 early [...]
LAWYER OF THE YEAR | The Shortlist September 5, 2010 OUR list of lawyers reflects the breadth of legal work in the City, from the head of a firm that has recently merged, to one who advised the government on the banking bailout, the chief of the financial regulator and a pace-setting female head of a flourishing boutique firm. Hard to compare? Yes, but they show [...]
BANK BOSS DIMON HIT BY HOUSE PRICE WOES September 5, 2010 LIFE sucks if you’re the boss of one of the world’s largest banks in the wake of the crisis – not only are you required to defend your dwindling pay package and parry stinging verbal attacks from politicians on an almost daily basis, but you’re also cursed with ill luck in the real estate arena. [...]
FTSE ends higher on oil and mining after upbeat US data April 6, 2010 BRITAIN’S top shares closed 0.6 per cent higher yesterday, lifted by firmer commodities after upbeat US data raised demand expectations, while Vodafone fell as Verizon merger talk cooled. The FTSE 100 ended up 35.46 points at 5,780.35, having earlier hit a fresh 21-month intra-day peak of 5,790.40. The index climbed 1.2 per cent on Thursday [...]
CITY VIEWS: DID TONY HAYWARD MAKE THE RIGHT MOVE? July 27, 2010 CHRIS HOPKINS | LLOYD’S OF LONDON “From a PR perspective, it was a smart move, especially putting an American at the top of running the show. Tony Hayward made one too many gaffes and shot himself in the foot. As a company you always want your head to be more of a political figure.” RAFIQUE [...]
IS LLOYDS BANKING GROUP NOW OVER THE WORST OF ITS WOES? August 5, 2009 SANDY CHEN PANMURE GORDONAlthough management expects impairment to abate in the second half of 2009, this is not usually what happens in the trough before a recession. We expect that book value of equity per share will continue to be eroded by further losses. We are comfortable with our full-year forecast of -35p earnings per [...]
IS LLOYDS BANKING GROUP NOW OVER THE WORST OF ITS WOES? August 5, 2009 SANDY CHEN PANMURE GORDONAlthough management expects impairment to abate in the second half of 2009, this is not usually what happens in the trough before a recession. We expect that book value of equity per share will continue to be eroded by further losses. We are comfortable with our full-year forecast of -35p earnings per [...]
THE TIPSTER August 4, 2010 BIt’s a busy day for central bankers. The Bank of England (BoE) and European Central Bank (ECB) both announce the outcome of their latest rate-setting meetings. Market participants expect a “no change” decision. But the market will get excited by the ECB’s statement this afternoon. This should tell us how happy the Bank is with [...]
CITY MOVES | WHO’S SWITCHING JOBS March 7, 2010 Santander The Spanish banking group has appointed Damian McGann as head of business development in its corporate banking team. McGann has over 20 years of experience in the sector and joins from Lloyds Banking Group, where he previously headed up substantial businesses in the Midlands and Scotland. He will focus on a range of businesses, [...]