Sky Capital six in fraud charge July 8, 2009 SIX former employees of Wall Street retail brokerage Sky Capital were yesterday charged with running a $140m (£87.2m) “trans-Atlantic boiler room” to defraud investors in both the US and the UK. US prosecutors announced a criminal indictment of fraud against Sky Capital’s founder and chief executive Ross Mandell and five others, while the Securities and Exchange [...]
Sky Capital six in fraud charge July 8, 2009 SIX former employees of Wall Street retail brokerage Sky Capital were yesterday charged with running a $140m (£87.2m) “trans-Atlantic boiler room” to defraud investors in both the US and the UK. US prosecutors announced a criminal indictment of fraud against Sky Capital’s founder and chief executive Ross Mandell and five others, while the Securities and Exchange [...]
Sandler new candidate for Lloyds chair July 19, 2009 RON Sandler, the man parachuted in to Northern Rock by the government to turn the stricken mortage lender around, has emerged as a surprise candidate to succeed Sir Victor Blank as chairman of Lloyds Banking Group. The bank, which is 43 per cent owned by the taxpayer, has drawn up a shortlist of names for [...]
Pick wisely and small cap firms could prove a real goldmine July 22, 2009 INVESTING in small companies has traditionally been seen as a risky business, reserved only for those with plenty of experience and deep pockets. But with global diversified blue-chip stocks running into trouble, it is no surprise that investors have started to see the lower echelons of the FTSE index as more attractive. Indeed, only last [...]
BEST OF THE BROKERS June 3, 2009 VODAFONE GROUPCitigroup analysts returned from travelling with Vodafone managers to meet investors and were no less positive on the structural opportunity at the group than before. The broker remains a “buy” on the stock with a target price of 118p, but argues that targets could be increased, perhaps in November. The focus remains on shareholder [...]
BEST OF THE BROKERS June 3, 2009 VODAFONE GROUPCitigroup analysts returned from travelling with Vodafone managers to meet investors and were no less positive on the structural opportunity at the group than before. The broker remains a “buy” on the stock with a target price of 118p, but argues that targets could be increased, perhaps in November. The focus remains on shareholder [...]
LSE equity trading jumps in May June 7, 2009 The average daily value traded in equities on the London Stock Exchange increased nine per cent to £8.2bn in May compared with the daily average in April. However, the figure was still 36 per cent lower in comparison to the same month last year. The total equity value traded on the exchange in May was [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 16, 2009 THE SUNDAYSThe Sunday TelegraphBAE WARNS OF CREDIT THREAT TO SUPPLIERSBAE systems has warned that its supply chain is at risk from suppliers failing to obtain adequate credit. The defence giant is supplied by tens of thousands of smaller manufacturers that are far more vulnerable to the funding squeeze than the company itself. BAE has a [...]
Time to call a halt to the reporting season pile-up August 5, 2009 THE blizzard of blue chip companies reporting major results in the past fortnight has turned into an avalanche. Yesterday marked the last of the overwhelming diary days – at least for a while. The respite is a relief for the analysts tasked with producing research notes based on the results, not to mention shareholders and [...]
Reuters to leave the LSE June 22, 2009 FINANCIAL data provider Thomson Reuters said yesterday that it plans to withdraw its shares from the London Stock Exchange (LSE) to simplify its capital structure. The company, formed when Canadian data publishing company Thomson bought British news and financial information provider Reuters, said it would also remove its shares from the Nasdaq. It will retain [...]