CITY AM | SHADOW MPC May 9, 2010 ALLISTER HEATH | CITY A.M. “The economy is recovering and requires tighter policy. However, given the political uncertainty, rates should be kept on hold – with the option of an emergency MPC meeting in a few weeks if required.” SIMON WARD | NEW STAR “Raise rates by 25 basis points. The election result risks delaying [...]
PERSONAL FINANCE NEWS April 29, 2010 STATE-OWNED MORTGAGE LENDERS FAIL TO SATISFY State-owned mortgage providers are trailing behind smaller lenders and building societies for customer satisfaction, says a new survey from Which? Money. Bank of Scotland – part of Lloyds Banking Group – had the lowest score; just 41 per cent of customers were satisfied with the provider. Halifax (44 per [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 8, 2010 FINANCIAL TIMES GREECE SEEKS INVESTMENTS FROM LIBYA George Papandreou will travel to Libya today for talks with?Muammer Gaddafi on possible investments in Greece as Athens struggles with its debt crisis. The Greek prime minister will discuss potential investments by Libya’s sovereign wealth fund and its state-owned energy groups with the country’s leader, officials said. EMERGING [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 8, 2010 FINANCIAL TIMES GREECE SEEKS INVESTMENTS FROM LIBYA George Papandreou will travel to Libya today for talks with?Muammer Gaddafi on possible investments in Greece as Athens struggles with its debt crisis. The Greek prime minister will discuss potential investments by Libya’s sovereign wealth fund and its state-owned energy groups with the country’s leader, officials said. EMERGING [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 3, 2010 Financial times TNK-BP STEP UP SALE OF GAS FIELD TNK-BP, BP’s Russian joint oil venture, ratcheted up the pressure for a sale of its vast Kovykta gas field on Thursday, announcing that it was pushing the unit that owns the licence to the field into bankruptcy. The move raises the stakes over the future of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 3, 2010 Financial times TNK-BP STEP UP SALE OF GAS FIELD TNK-BP, BP’s Russian joint oil venture, ratcheted up the pressure for a sale of its vast Kovykta gas field on Thursday, announcing that it was pushing the unit that owns the licence to the field into bankruptcy. The move raises the stakes over the future of [...]
Goodwin adviser Greenburgh retires from BoA Merrill Lynch March 28, 2010 VETERAN dealmaker Matthew Greenburgh has retired from Merrill Lynch and is considering studying for a PhD in English Literature after 28 years in the City. Dubbed “Sir Fred Goodwin’s banker” for helping Royal Bank of Scotland take over ABN Amro in 2007, Greenburgh leaves a gap in the top ranks of the bank. Henrietta Baldock, head of [...]
Disappointed Eley eyeing Sochi medal February 28, 2010 SHORT-TRACK speed skater Jon Eley admits he is running out of chances to deliver on his Olympic promise, after another Winter Games passed without success. Eley said nothing less than a medal would do in Vancouver after reaching the final in Torino in 2006, but has now revised his four-year plan to an eight-year mission, [...]
CITY A.M. | SHADOW MPC April 7, 2010 ALLISTER HEATH | CITY A.M. “The Bank should hike rates by a symbolic 0.25 per cent to show that it is serious when it comes to fighting inflation and that it is confident the economy is growing again. The UK is weak but no longer in recession.” SIMON WARD | HENDERSON “Raise rates by 25 [...]
Choosing the right lender is crucial in a tough market June 3, 2010 HOUSES are selling like hotcakes thanks to fierce competition among buyers. The latest monthly survey from the Royal Institution of Chartered Surveyors (RICS) showed that houses are shifting quicker than new ones could come on to the market, despite the number of new sellers increasing. Even the dreaded gazumping is back. In such a market, [...]