CITY MOVES WHO’S SWITCHING JOBS October 6, 2009 ThreadneedleThe asset management firm has appointed Kris Haber as global head of hedge funds and head of the North American business. Haber, who will report directly to the firm’s chief executive Crispin Henderson, joins after a 13-year spell working for Lazard Asset Management, where he was most recently a managing director for global alternative investments. [...]
Aviva in Delta Lloyd listing next month October 5, 2009 INSURER Aviva yesterday said it was on track to sell off a chunk of its Dutch unit next month, raising hopes the firm will go on the hunt for buyout targets. Aviva said it will sell off part of the Delta Lloyd unit in November by listing the company on the Euronext stock exchange in [...]
Aviva in Delta Lloyd listing next month October 5, 2009 INSURER Aviva yesterday said it was on track to sell off a chunk of its Dutch unit next month, raising hopes the firm will go on the hunt for buyout targets. Aviva said it will sell off part of the Delta Lloyd unit in November by listing the company on the Euronext stock exchange in [...]
Trying to second-guess stocks is harder than ever October 4, 2009 EQUITY investors haven’t had much time for cliché this year. Earlier this year, they ignored dire predictions – coming from anyone with a keyboard or a microphone – that financial markets might never recover. Instead, they seized upon historically low valuations – and the trillions spent by governments around the world – and began the [...]
Switzerland ticks the boxes for bankers with a taste for nature October 1, 2009 EARLIER this year, the local governments of Geneva and Zug hosted an event called Make the Move at a Mayfair club, where they explained to hedge fund managers why they should move to Switzerland. The main reason they were willing to listen, of course, is the looming 50 per cent top rate of tax. Compare [...]
Land Registry figures show house prices in slight decline September 28, 2009 LAND Registry figures yesterday showed a slowdown in the pace of annual decline in house prices, with a 9.4 per cent drop in August after an 11.7 per cent fall in July and as much as 16 per cent in February. The figures came on the same day property data company Hometrack said the annual [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 28, 2009 FINANCIAL TIMESEDF JOB CREATES A HEADACHE FOR VEOLIAThe board of Veolia Environnement was meeting yesterday evening to weigh up the consequence of the nomination of Henri Proglio, long-time boss of the world’s largest water and waste group as the head of EDF, the French state controlled nuclear operator. Directors have been asked not only to [...]
Shares in Wolseley rocket as trading outpaces forecasts September 28, 2009 WOLSELEY, the building supplies group, saw its shares surge yesterday, despite reporting a loss, as headline numbers for the first half of the year beat expectations. The company, which is fighting a massive slump in the housing market, reported pre-tax losses for the year to 31 July of £766m, down from a profit of £399m [...]
Linklaters’ Mr Tough Guy on why the next two months are key for the City September 28, 2009 THE legal profession might be going through one of its biggest slumps in a decade – but you would not know that looking at Linklaters’ senior partner David Cheyne. A small, dapper man, he is relaxed and all smiles as he sits in a tastefully furnished ground floor meeting room at the firm’s Silk Street [...]
London and South East in homes boost September 27, 2009 HOUSE prices increased by 0.2 per cent in September, according to a survey published today. The survey, by the housing intelligence business Hometrack, records only the second monthly rise in house prices since July 2007. Hometrack’s director of research, Richard Donnell, warns however that “the headline growth marks what is essentially a London and South [...]