Advisers will get a slice of the limelight July 8, 2010 ADVISING on Lord Levene and Sir David Walker’s new retail bank is a particularly lucrative piece of business for Cenkos and Kinmont, who have already been hard at work preparing the team for what one insider described as “a pugnacious couple of months” ahead. Cenkos corporate broker Paul Hodges has so far been instrumental in [...]
CITY MOVES | WHO’S SWITCHING JOBS July 21, 2010 BANK OF IRELAND The bank has appointed Bill Greaves to the position of head of corporate banking in the UK. Greaves previously led the bank’s technology, media and telecoms team, which he established in early 2005 upon joining the group. Prior to that, he led the media team at Barclays. In his new role, he [...]
LISTED PRODUCT NEWS June 16, 2010 MAY RECORD ETF MONTH FOR BARCLAYS As the stock markets plummeted in May, ETF trading volumes picked up sharply, according to figures from Barclays Stockbrokers. Monthly trading volumes were at their highest on record – up 44 per cent on the previous month and up 52 per cent on May 2009. Barclays Stockbrokers said that [...]
M&S readies for investor anger on pay July 4, 2010 A STRONG set of first-quarter figures from retail bellwether Marks and Spencer this week looks set to be overshadowed by animosity at the firm’s annual shareholder meeting, with investors set to clash with executives over the eternally thorny issue of pay. Sir Stuart Rose will officially hand over the chief executive’s reins to ex-Morrisons man [...]
FTSE reshuffle sees new floats dominate the index June 8, 2010 TOUR operator Thomas Cook is set to lose its place in the FTSE 100 Index following the latest reshuffle of blue-chip stocks. The firm’s shares have fallen by a third in the past three months as the travel industry copes with the recession and Iceland’s volcanic ash cloud. The result of the reshuffle will be [...]
MARKET NEWS June 30, 2010 ETF SECURITIES’ AUM SOAR Exchange-traded funds (ETFs) provider ETF Securities has seen its assets under management (AUM) soar to $20bn as of 17 June, up 70 per cent on July 2009. Its holdings in Europe for its gold exchange-traded products have now surpassed a record $10bn, which is the largest in Europe. Its physical gold [...]
MARKET NEWS June 30, 2010 ETF SECURITIES’ AUM SOAR Exchange-traded funds (ETFs) provider ETF Securities has seen its assets under management (AUM) soar to $20bn as of 17 June, up 70 per cent on July 2009. Its holdings in Europe for its gold exchange-traded products have now surpassed a record $10bn, which is the largest in Europe. Its physical gold [...]
London sales are slowed by volcanic ash May 16, 2010 RETAIL sales growth in London has slowed after the ash cloud crisis took its toll, according to the British Retail Consortium. Sales were up 3.6 per cent in April while they had jumped by 5.1 per cent in the same month last year. The volcanic ash cloud which billowed across Europe grounded flights for six [...]
Inflation: a crippling tax on savings July 13, 2010 INFLATION did fall in June but once again it was a case of too little, too late. Consumer price inflation (CPI)?dipped to 3.2 per cent, reflecting a slowdown in fuel costs; yet that remains higher than the Bank of England’s 2 per cent target (and 1-3 per cent band). The retail price index, the older, [...]
Inflation: a crippling tax on savings July 13, 2010 INFLATION did fall in June but once again it was a case of too little, too late. Consumer price inflation (CPI)?dipped to 3.2 per cent, reflecting a slowdown in fuel costs; yet that remains higher than the Bank of England’s 2 per cent target (and 1-3 per cent band). The retail price index, the older, [...]