CITY MOVES | WHO’S SWITCHING JOBS July 1, 2010 Credit Suisse The investment bank has appointed Levente Kulcsar as a director and head of exchanged traded funds for Germany and Austria. He joins the firm from Commerzbank, where he was head of international sales for Comstage ETF. The firm has also promoted Annabelle Wegner to ETF specialist head for institutional clients for the same [...]
Misys shares surge on £1bn Allscripts sale June 9, 2010 SOFTWARE giant Misys yesterday saw its stock rocket by a fifth after announcing it will part with its US healthcare joint venture for a staggering £1bn. Misys sold most of its 55 per cent stake in Allscripts for £900bn, in a deal that paves the way for Allscripts to complete an long-mooted merger with arch-rival [...]
SPREAD BET GURU July 18, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, what are the main weightings behind the FTSE 100 index? A. The FTSE 100 is a weighted index of the leading 100 companies, as measured by market value, that are listed on the London Stock Exchange. As you might expect, the companies with the highest market capitalisation have the [...]
SPREAD BET GURU July 18, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, what are the main weightings behind the FTSE 100 index? A. The FTSE 100 is a weighted index of the leading 100 companies, as measured by market value, that are listed on the London Stock Exchange. As you might expect, the companies with the highest market capitalisation have the [...]
CITY MOVES | WHO’S SWITCHING JOBS July 8, 2010 Jones Lang LaSalle The property-focused financial and professional services firm has appointed James Brown from Grosvenor as its new head of retail research and consultancy for the EMEA region. Brown is currently UK director of research at Grosvenor, where he is responsible for property market forecasting and analysis of demand, supply and values, local market [...]
HP axes 9,000 jobs in a $1bn restructuring June 1, 2010 HEWLETT-PACKARD (HP) said it aims to boost margins by cutting jobs and reallocating spending to more profitable technology services, shrinking its workforce by a net 3,000 jobs, or one per cent, over three years. The move, which will result in a $1bn charge, comes as rivals like IBM and Cisco Systems vie for supremacy in [...]
Don’t let a band of thieves ruin your World Cup June 21, 2010 WORRIED about invaders while you’re watching the World Cup? Set up your own CCTV network, which you can watch from the pub. Here are some of the easiest systems. D- Link Wireless Camera £100 www.d-link.co.uk Wireless cameras are easy to install. Connect the camera to your computer, then insert the CD and follow the steps. [...]
IBM aims high with new cloud computing service November 16, 2009 IBM has launched a new cloud computing service, in a bid to take on companies such as Amazon.com, Google and Microsoft. Cloud computing allows firms to run software and store information in remote data centers that can be accessed over the internet. IBM’s Smart Analytics Cloud will first be adopted internally. IBM, the world’s biggest [...]
Don’t bet on strong bank earnings July 18, 2010 REACTIONS were mixed as the first of the season’s US bank earnings rolled in last week. Some analysts – like GFT’s David Morrison – were blaming poor revenue growth reported by Citigroup and Bank of America-Merrill Lynch (BoA-ML) on Friday for the subsequent dip in the S&P 500 as it plunged 2.09 per cent in [...]
IBM plans a $5bn buyback October 27, 2009 IBM said yesterday it plans to spend another $5bn (£3.1bn) on share repurchases, boosting its total outstanding stock buyback programme to $9.2bn in a reflection of its strong cash flow. IBM said it will repurchase shares on the open market or in private transactions, depending on market conditions. It also said it expects to request [...]