Cowdery gets nod from UKFI August 16, 2009 RESOLUTION, the buyout vehicle headed by Clive Cowdery, is confident the Treasury would not bar it from bidding for the life insurance assets of Lloyds Banking Group due to its controversial tax-haven status. Cowdery has been given the green light and is now considering a bid for the Lloyds’ Clerical Medical unit, after dispatching an [...]
There’s no reason to be afraid of leverage October 26, 2009 LEVERAGE is often seen as a trader’s best friend but just last week, the Japanese Financial Services Agency announced a public consultation on proposals to limit leverage on contracts for difference (CFDs). The regulator has suggested that leverage would be limited to five times for shares, 10 times for equity indices and 50 times for [...]
City A.M. | Shadow mpc February 3, 2010 ALLISTER HEATH | CITY A.M. “Suspend QE, for the time being at least. A strong signal should be sent that a symbolic rate rise is imminent. It is hard to work out what is happening to liquidity but there seems to be enough of it at present.” SIMON WARD | HENDERSON “Stop QE and prepare [...]
Bankers and miners lead the way past the 5,100 mark September 16, 2009 The FTSE 100 hit its highest closing level in a year yesterday, led by banks and miners and spurred by appetite for risky assets as optimism about the pace of global economic recovery intensified. The index closed up 82 points, or 1.6 per cent higher, at 5,124.13 – the highest close since late September last [...]
Bankers and miners lead the way past the 5,100 mark September 16, 2009 The FTSE 100 hit its highest closing level in a year yesterday, led by banks and miners and spurred by appetite for risky assets as optimism about the pace of global economic recovery intensified. The index closed up 82 points, or 1.6 per cent higher, at 5,124.13 – the highest close since late September last [...]
THE NAME GAME IS ON FOR MANCHESTER UNITED’S RED KNIGHTS March 4, 2010 IS A setback in the offing for the self-styled “Red Knights”, the group of City businessmen plotting to seize control of Manchester United from current owners, the Glazer family? The Capitalist only asks having chanced upon another, very different, group bearing the same name while trawling the Internet yesterday. Actually, the moniker belongs to a [...]
FTSEputs in highest close in almost a year on bank gains September 14, 2009 THE UK benchmark share index closed up 0.2 per cent yesterday as buoyant banks and defensive stocks countered weak miners and oils, keeping the index above 5,000 amid optimism over the pace of the rally seen since March. The FTSE 100 closed up 7.38 points at 5,018.85, its highest closing level since late September 2008. [...]
Lloyds considering JV asset sale July 26, 2009 Lloyds Banking Group is mulling a sale of some or all of its Bank of Scotland joint ventures arm, which invests in the property and hotel sectors, it emerged over the weekend. It was not clear yesterday which of the division’s assets would be put up for sale. The division has previously invested alongside property [...]
Lloyds considering JV asset sale July 26, 2009 Lloyds Banking Group is mulling a sale of some or all of its Bank of Scotland joint ventures arm, which invests in the property and hotel sectors, it emerged over the weekend. It was not clear yesterday which of the division’s assets would be put up for sale. The division has previously invested alongside property [...]
FTSE SMASHES THROUGH 5,000 September 9, 2009 THE FTSE 100 share index closed above 5,000 yesterday, for the first time in nearly a year, fuelled by the return of mega-mergers and optimism for economic recovery The large-cap index breached the psychologically important level in early afternoon and, despite some wavering, closed up by 1.2 per cent at 5,004.30. This week so far [...]