Gains in banking shares lead the FTSE to a six-week high March 2, 2010 BRITAIN’S top share index hit a six-week closing high yesterday and rose for a third straight session, led by banks with HSBC firmer after the previous session’s post results sell-off. The FTSE 100 closed up 78.12 points, or 1.45 per cent, at 5,484.06, its highest closing level since January 19, after climbing 1 per cent [...]
CITY LOSES TO OCTOPUS IN FOOTY FORECASTS July 12, 2010 OH, HOW they chortled in the City yesterday at comparisons between the world’s most famous cephalopod and those investment banks who dared to put out predictions on the outcome of the World Cup. Paul the psychic octopus, they sniggered, had managed to get EVERY SINGLE ONE of his predictions correct, beating statistical odds of 1/256. [...]
CITY A.M. | SHADOW MPC July 7, 2010 ALLISTER HEATH | CITY A.M “The money supply is growing at a faster rate and while the PMI stats are slightly weaker, there will be no double-dip. Fiscal tightening won’t cause a recession. Inflation is too high so rates must go up by 0.25 per cent.” SIMON WARD | HENDERSON “Hike by 25 basis points. [...]
CITY A.M. | SHADOW MPC July 7, 2010 ALLISTER HEATH | CITY A.M “The money supply is growing at a faster rate and while the PMI stats are slightly weaker, there will be no double-dip. Fiscal tightening won’t cause a recession. Inflation is too high so rates must go up by 0.25 per cent.” SIMON WARD | HENDERSON “Hike by 25 basis points. [...]
Blackstone to launch a bank January 20, 2010 A NEW retail bank to be backed by US private equity group Blackstone is set to go up against Virgin Money and analyst Sandy Chen’s Walton & Co bank later this year in the race to snap up the assets of Northern Rock, RBS and Lloyds Banking Group. Blackstone has applied to the Financial Services [...]
Travelex hires Lloyds man as CEO January 13, 2010 TRAVELEX, the world’s largest foreign exchange provider, has lured Peter Jackson from Lloyds Banking Group to become its new chief executive. The 34-year-old will take the helm at Travelex early in the spring when he leaves Lloyds, where he heads up the consumer banking division. Jackson’s appointment fuelled speculation that the company, which is 56 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 8, 2010 FINANCIAL TIMES GREECE SEEKS INVESTMENTS FROM LIBYA George Papandreou will travel to Libya today for talks with?Muammer Gaddafi on possible investments in Greece as Athens struggles with its debt crisis. The Greek prime minister will discuss potential investments by Libya’s sovereign wealth fund and its state-owned energy groups with the country’s leader, officials said. EMERGING [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 8, 2010 FINANCIAL TIMES GREECE SEEKS INVESTMENTS FROM LIBYA George Papandreou will travel to Libya today for talks with?Muammer Gaddafi on possible investments in Greece as Athens struggles with its debt crisis. The Greek prime minister will discuss potential investments by Libya’s sovereign wealth fund and its state-owned energy groups with the country’s leader, officials said. EMERGING [...]
Santander plans London flotation February 8, 2010 SPANISH banking giant Santander may list its British and US operations on the stock market to free up cash for expansion. Abbey, Alliance & Leicester and the savings arm of Bradford & Bingley could return to the market at a joint value of £15bn under the plan, which is one of a number of capital-raising [...]
NEWS | IN BRIEF January 19, 2010 Deutsche Boerse takes a hit Stagnant US equity options markets killed revenue growth at Deutsche Boerse’s ISE unit last year, forcing it to take an impairment charge that will hit its 2009 net profit by around €200m (£174.5m), Boerse said late yesterday. In a statement sent after the close of trading, the Eurex derivatives exchange [...]