Huge demand for gilts sale led by banks June 16, 2009 THE DEBT Management Office (DMO) raised a greater-than-expected £7bn in a syndicated sale of 25-year gilts yesterday, easing fears of a lack of investor enthusiasm for British government debt. The DMO took orders for £15.25bn worth of gilts, making the sale by far the most popular syndicated sale of sovereign debt in history. Yields on [...]
Huge demand for gilts sale led by banks June 16, 2009 THE DEBT Management Office (DMO) raised a greater-than-expected £7bn in a syndicated sale of 25-year gilts yesterday, easing fears of a lack of investor enthusiasm for British government debt. The DMO took orders for £15.25bn worth of gilts, making the sale by far the most popular syndicated sale of sovereign debt in history. Yields on [...]
CITY MOVES WHO’S SWITCHING JOBS August 5, 2009 ExecutionExecution has taken on Joseph Dickerson to strengthen its banking equity research team. Joseph will be responsible for developing coverage on HSBC, Standard Chartered and the Spanish banking sector. He joins Execution from Citadel Investment group where he was a senior analyst. He will work with Fiona Swaffield and Anke Reigen in the company’s experienced [...]
CITY MOVES WHO’S SWITCHING JOBS August 5, 2009 ExecutionExecution has taken on Joseph Dickerson to strengthen its banking equity research team. Joseph will be responsible for developing coverage on HSBC, Standard Chartered and the Spanish banking sector. He joins Execution from Citadel Investment group where he was a senior analyst. He will work with Fiona Swaffield and Anke Reigen in the company’s experienced [...]
Nadal will beat injury in time for Wimbledon, says Henman June 10, 2009 FORMER British No1 Tim Henman expects defending champion Rafael Nadal to win his battle against knee injury in time for Wimbledon. Nadal has just 11 days to recover from tendonitis in both kneecaps before he is due to begin his campaign at SW19. The problem forced him to pull out of this week’s Aegon Championships [...]
ANZ favourite in race for RBS Asia operations May 27, 2009 AUSTRALIA and New Zealand Banking Group (ANZ) moved into pole position to clinch a deal for Royal Bank of Scotland’s (RBS) Asian assets after rival bidders HSBC and Standard Chartered failed to come up with firm bids. ANZ said it had submitted a non-binding bid for the assets and is raising up to A$2.85bn (£1.38bn) [...]
Saad sell-off spooks City June 9, 2009 SHARES in Berkeley Group fell by 5.2 per cent yesterday after Saad Group sold nearly half its stake in the construction company, heightening concerns over the future of the Saudi investment firm’s other holdings. Saad, which held 28.5 per cent of Berkeley at the end of April, sold 16m of shares at a discounted 701p [...]
Veteran City broker lured to join Oriel July 5, 2009 CORPORATE broking veteran Peter Meinertzhagen has been lured out of semi-retirement to join Oriel Securities, the broker run by his ex-colleague Simon Bragg, as an adviser. Meinertzhagen is best known in the City for advising some of Britain’s biggest companies during his 17-year tenure at the helm of Hoare Govett, now ABN Amro Hoare Govett [...]
Veteran City broker lured to join Oriel July 5, 2009 CORPORATE broking veteran Peter Meinertzhagen has been lured out of semi-retirement to join Oriel Securities, the broker run by his ex-colleague Simon Bragg, as an adviser. Meinertzhagen is best known in the City for advising some of Britain’s biggest companies during his 17-year tenure at the helm of Hoare Govett, now ABN Amro Hoare Govett [...]
Bank decision boosts market as the bankwagon rolls on August 6, 2009 THE LARGE-CAP index closed higher yesterday, driven by strength from banks after the Bank of England (BoE) surprised markets by expanding its quantitive easing plan to £175bn. The FTSE 100 closed 43.40 points higher, or 0.9 per cent, at 4,690.53, after hitting a fresh 2009 intraday high of 4,729.58 following the BoE announcement. The BoE [...]