Pressure piled back on banks amid Eurozone gloom September 19, 2011 World markets slumped today as the Eurozone sovereign debt crisis appeared to be deepening as German Chancellor Angela Merkel suffered a regional election defeat which undermined her power. With the world looking to Germany to help steer the Eurozone out of stormy economic waters the confidence of investors was sapped. Meanwhile a series of meetings [...]
THE WEEK AHEAD September 11, 2011 COMPANY NEWS ● Today, Pan African Resources announces. The Aim-listed company is producing 100,000 ounces of gold per year and will be hoping for glittering results. ● Tomorrow, Abcam and Ashmore both announce. Abcam is a biotechnology company based in Cambridge’s Science Park, which sells research antibodies. ● On Wednesday, Barratt Developments and Galliford Try [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 2, 2011 FINANCIAL TIMES BTG GAINS TOP BANKER AS IT EYES EXPANSION Roger Jenkins, the high-profile former Barclays executive, has joined BTG Pactual as a managing partner as Brazil’s largest independent investment bank and asset manager gears up its ambitious expansion plans. Jenkins, a star banker best known for orchestrating a £7bn fundraising for Barclays from Middle [...]
CITY MOVES | WHO’S SWITCHING JOBS August 30, 2011 HSBC Private Bank HSBC Private Bank has appointed Katharine Brace as associate director on the media and entertainment team. Brace, who will report to Nick Price, managing director and global head of the media and entertainment group, joins from Barclays Wealth, where she was a vice president in the sports, media and entertainment team. Prior [...]
City sales set to net £250m for Ireland August 30, 2011 A NUMBER of major City property developments are expected to come up for grabs for £250m when a long-awaited sale by Irish investors begins next month. Among the buildings ready to be sold it 107 Cheapside, the upmarket development near St Paul’s Cathedral. The office and retail building, opened three years ago, was developed by [...]
JLT reaps emerging markets rewards July 29, 2011 Insurance broker Jardine Lloyd Thomson said its expansion into emerging markets had driven a 17 per cent increase in its retail business and ten per cent increase in its business to business broking lines. The group, which now operates in 130 countries, said its revenues and pre-tax profits each grew by a healthy nine per [...]
JLT reaps emerging markets rewards July 29, 2011 Insurance broker Jardine Lloyd Thomson said its expansion into emerging markets had driven a 17 per cent increase in its retail business and ten per cent increase in its business to business broking lines. The group, which now operates in 130 countries, said its revenues and pre-tax profits each grew by a healthy nine per [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 18, 2011 FINANCIAL TIMES FEARS OVER RETREAT ON VOLCKER BANK RULES The Volcker rule, which bans US banks from trading for their own account, is set to include exemptions that some officials fear will weaken its impact, people familiar with the situation have warned. In the wake of UBS’s $2.3bn (£1.4bn) loss last week, alleged to have [...]
RECLUSIVE TYCOONS VIEW €35M SHOW BOAT September 5, 2011 WHAT TO do when there are simply no luxury yachts on the market you want to buy? Easy – start your own yacht business and build your own, as Richard Beattie did when he discovered an alarming lack of “contemporary 21st-century superyachts” for sale. “I fully expected to just go and buy one I liked, [...]
Ikea growth is stunted by traffic rules July 4, 2011 IKEA said yesterday it was seeking to open three superstores in London but was being stymied by planning regulations. Chief executive Mikael Ohlsson (pictured) said he wanted to build his stores in the capital in run-down industrial areas. But he said traffic planning rules were standing in his way. The Swedish retailer already has four [...]