Winning the icy chukkas – the bank that hosts a snow-polo tournament February 6, 2011 THE game of polo is one of the oldest sports in the world. Originating in ancient Persia, it is thought to have begun as a way of training elite cavalry troops. It was brought back to Europe in the 19th century through the Calcutta Polo Club, established by two British officers in India who formalised [...]
FTSE dampened by commodities and banks January 14, 2011 LONDON eased to a close just over the 6,000 mark after stronger Wall Street sentiment failed to shake off concerns over China’s monetary policy tightening. The FTSE 100 ended down 21.81 points, or 0.4 per cent, at 6002.07, having closed 0.4 per cent lower yesterday, pulled lower by commodity stocks and banks. China’s central bank [...]
FTSE dampened by commodities and banks January 14, 2011 LONDON eased to a close just over the 6,000 mark after stronger Wall Street sentiment failed to shake off concerns over China’s monetary policy tightening. The FTSE 100 ended down 21.81 points, or 0.4 per cent, at 6002.07, having closed 0.4 per cent lower yesterday, pulled lower by commodity stocks and banks. China’s central bank [...]
Banks: retail sector is competitive December 7, 2010 LEADING banking industry figures yesterday defended the level of competition in the UK’s retail banking sector, in evidence to the Treasury Select Committee. Lloyds Banking Group chief executive Eric Daniels, whose bank faces the possibility of being broken up by the government, denied that the UK market was made uncompetitive by four of the top [...]
Banks: retail sector is competitive December 7, 2010 LEADING banking industry figures yesterday defended the level of competition in the UK’s retail banking sector, in evidence to the Treasury Select Committee. Lloyds Banking Group chief executive Eric Daniels, whose bank faces the possibility of being broken up by the government, denied that the UK market was made uncompetitive by four of the top [...]
CITY MOVES | WHO’S SWITCHING JOBS December 7, 2010 Aviva Investors Aviva Investors has appointed a new client portfolio manager for fixed income, Raphaelle Moysan (pictured). She will be responsible for liaising with potential clients with a focus on fixed income and absolute return. She will be based in London and report to Anne-Sophie Girault, while also working with the fixed income teams globally. [...]
Europe set to clamp down on dark pools December 6, 2010 TOP investment banks which offer their clients “dark pool” share trading platforms are facing an uphill battle to keep these trading venues outside the mainstream of market regulation. European regulators are set to publish a consultation paper tomorrow proposing controversial new rules to restrict the activities of the banks’ dark pools, which anonymously match large [...]
Taylor Wimpey sees profits at top end of market views November 16, 2010 HOUSEBUILDER Taylor Wimpey said it expects profit to be at the high end of estimates this year thanks to stable sales, while a £950m refinancing deal will give the firm more flexible trading conditions next year. The company has an order book worth £883m, down 8.4 per cent on last year, though the firm said [...]
ECONOMIST VIEWS: WILL THE MPC MOVE TO INCREASE QE THIS WEEK? October 31, 2010 SIMON HAYES | BARCLAYS CAPITAL “In the context of a policy stance that is already exceptionally loose… a further loosening would seem odd. I expect no change in policy… and continue to believe a three-way split is likely to persist for several months to come.” PETER DIXON | COMMERZBANK “The chances of a near-term expansion [...]
Do as we say, not as we do, says the Mirror January 12, 2011 EDITORS at the Daily Mirror could barely contain their excitement at the coming of bonus season yesterday, splashing their front page on the beleaguered chief executive of RBS, Stephen Hester under the headline “Do the right thing: give up your obscene £3m bonus”. “The Mirror calls on Mr Hester and all the other fatcat bankers [...]