THE LONDON REPORT September 1, 2009 THE FTSE 100 shed 1.8 per cent yesterday, dragged back by weakness in banks and commodity issues, fuelling doubts over the sustainability of this summer’s strong rally. At the close, the FTSE 100 was 89.20 points lower at 4,819.70 after ending 0.8 per cent higher on Friday, when it also touched a near 11-month high. [...]
GLOBAL MARKETS SURGE ON STRONG EARNINGS AND DATA July 23, 2009 INVESTORS were cheered yesterday as stocks on both sides of the Atlantic made healthy gains on largely positive corporate and economic news. In the UK, the FTSE 100 rose for a ninth day in a row by 1.5 per cent to 4,559.80, the highest closing level since early January. It was the longest winning run [...]
Brown has finally killed off New Labour September 3, 2009 WHAT a waste; what a u-turn. For the past six months, the FSA, the Treasury and many top banks had been beavering away on innovative proposals to reform bonuses. Their idea, which had been gaining influence globally and even been accepted by the Tories, was to retain basic freedom of contract and the incentivising properties [...]
Brown has finally killed off New Labour September 3, 2009 WHAT a waste; what a u-turn. For the past six months, the FSA, the Treasury and many top banks had been beavering away on innovative proposals to reform bonuses. Their idea, which had been gaining influence globally and even been accepted by the Tories, was to retain basic freedom of contract and the incentivising properties [...]
Goldman Sachs backs banks and helps to lift the markets August 18, 2009 THE FTSE 100 closed 0.9 per cent higher yesterday, led by gains in banks and miners which recovered from losses in the previous session, while data showed inflation held steady in July. The large-cap index closed 40.77 points higher at 4,685.78, recovering from a 1.4 per cent drop on Monday, its biggest one-day percentage loss [...]
Goldman Sachs backs banks and helps to lift the markets August 18, 2009 THE FTSE 100 closed 0.9 per cent higher yesterday, led by gains in banks and miners which recovered from losses in the previous session, while data showed inflation held steady in July. The large-cap index closed 40.77 points higher at 4,685.78, recovering from a 1.4 per cent drop on Monday, its biggest one-day percentage loss [...]
A PRODUCT WHATEVER YOUR VIEW August 5, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKING WHEN markets are choppy, clever traders look for new ways to diversify their tactics. One of the great things about covered warrants is their adaptability, which makes them a good addition to your trading armoury right now. For example, there are plenty of new [...]
Intermediate Capital in 351m fund raising as it eyes market opportunities July 2, 2009 PRIVATE equity lender Intermediate Capital Group (ICG) said yesterday that it plans to raise £351m to grow the business, boosting its share price by 3.16 per cent to 506p. IPG managing director Tom Atwood said the proceeds of the rights issue will allow the company to capitalise on the investment opportunities in the primary and [...]
Glass heads race to be the new finance director at RBS July 5, 2009 ROYAL Bank of Scotland (RBS) is considering the appointment of Simon Glass to replace Guy Whittaker as finance director. Glass, who joined RBS as deputy finance director three months ago from Standard Chartered, is believed to be heading the race to succeed Whittaker, who will part company with the 70 per cent state-owned bank before [...]
Banks back to winning ways July 19, 2009 MORGAN Stanley and Credit Suisse will continue the resurgence of fortunes among the world’s biggest banks this week, when they report second quarter results expected to show a gradual recovery. Wall Street giant Morgan Stanley, which reports on Wednesday, is forecast to show a slight improvement from the first quarter, cutting losses from $0.57 (£0.35) [...]