Banking stocks are rock bottom, which could mean it’s time to buy July 18, 2008 Financials are at bargain basement prices and it could be time to get involved, reports Esther Shaw Northern Rock has been one of the most spectacular victims of the credit crisis, but much of the banking sector has experienced some stormy weather over the last year. Even large institutions like Barclays and Royal Bank of [...]
City workers get creative with life drawing twenty-seven storeys up July 14, 2008 Timothy Barber joins Citigroup employees indulging their artistic sides It’s easy to forget the noise and melee of Canary Wharf’s evening rush hour when you’re standing in the light filled open space of the 27th floor of Citgroup’s headquarters. Down below, thousands of tired workers are flooding from their offices into the tube and DLR [...]
Goldenport plans £220m LSE float November 3, 2005 Greek shipping line Goldenport said it plans to raise £80m through an initial public offering on the London Stock Exchange to buy more ships and pay off debt. Analysts put its market value at around £220m. A spokesman for Goldenport said that it plans to issue its prospectus and float on the LSE’s main market [...]
Do the banks have a Plan B? October 28, 2005 Now that consumer spending is slowing down, the banking sector needs to look for new sources of growth. British banks have investors worried. Not because of their current profitability, which is healthy, but because a slowdown in the economy may hit this industry harder than most. The banking sector still continues to make profits. In [...]
New Star set for float next month October 17, 2005 Renegade fund manager John Duffield is set to create 40 millionaires when he embarks on the £600m float of New Star Asset Management next month. The company will confirm its long expected float this morning alongside what analysts expect to be a sparkling set of results. The IPO is expected to take place next month [...]