HOW MUCH TENSION IS THERE AMONGST BANK OF ENGLAND MPC MEMBERS? July 4, 2010 MICHAEL SAUNDERS | CITIGROUP “Recent MPC comments hint at a vigorous debate, and some members appear to believe that a broader range of factors is behind the pick-up in inflation. If inflation expectations continue to rise then the MPC could feel obliged to hike rates to show they take the inflation target seriously.” PHILIP SHAW [...]
HOW MUCH TENSION IS THERE AMONGST BANK OF ENGLAND MPC MEMBERS? July 4, 2010 MICHAEL SAUNDERS | CITIGROUP “Recent MPC comments hint at a vigorous debate, and some members appear to believe that a broader range of factors is behind the pick-up in inflation. If inflation expectations continue to rise then the MPC could feel obliged to hike rates to show they take the inflation target seriously.” PHILIP SHAW [...]
LISTED PRODUCT NEWS June 9, 2010 WORLD CUP COMMISSION PROMOTION Barclays Stockbrokers is celebrating the World Cup in South Africa by offering a 4-4-2 promotion, relating to the famous football formation. From the evening of 12 June Barclays Stockbrokers will offer heavy discounts on online trading commissions of just £4.42 for as long as England stays in the tournament. This compares [...]
HSBC profits soar as loan losses halve August 2, 2010 FALLING toxic loan charges, booming growth in Asia, and the second best ever performance by HSBC’s investment banking division have lifted the bank’s profits more than twofold since the first half of 2009. HSBC smashed expectations yesterday with a 121 per cent rise in first-half pre-tax profit to $11.1bn (£6.98bn), comfortably above forecasts of a [...]
BID WAR BREAKS OUT AT LEHMAN ART SALE September 29, 2010 BIDDERS clamoured yesterday afternoon to snap up a piece of banking history, as the art collection from the UK offices of failed bank Lehman Brothers went under the hammer at Christie’s. The most frenzied bidding took place at the beginning of the auction, organised by administrators PwC, when the name sign from the bank’s reception [...]
BID WAR BREAKS OUT AT LEHMAN ART SALE September 29, 2010 BIDDERS clamoured yesterday afternoon to snap up a piece of banking history, as the art collection from the UK offices of failed bank Lehman Brothers went under the hammer at Christie’s. The most frenzied bidding took place at the beginning of the auction, organised by administrators PwC, when the name sign from the bank’s reception [...]
Carlyle spends £2.5bn on health supplements firm July 15, 2010 PRIVATE equity giant Carlyle made the latest in a string of high value acquisitions yesterday by purchasing US nutritional supplements maker NBTY for $3.8bn (£2.5bn). Carlyle’s $55 per share cash offer represents a 47 per cent premium to NBTY’s closing price on Wednesday, and is one of the biggest private equity deals of the year. [...]
The man who is set to bring more luxury to London’s five-star hotels November 14, 2010 LONDON’S five-star hotel market is set to take off over the next six months and a septuagenarian Maltese businessman called Alfred Pisani will be at the heart of the glamorous action. His £300m luxury Corinthia Hotel London, on Whitehall Place, is being completed and will take its first paying guests in April 2011. It is [...]
Former LTCM trader surfaces at London-based hedge fund July 12, 2010 ONE of the survivors of Long-Term Capital Management (LTCM), the US hedge fund infamously bailed out by Wall Street in the late 1990s, has resurfaced at London-based Capula Investment Management. Ayman Hindy became a partner at Capula last week, according to a regulatory filing. He has been working at the government fixed income specialist for [...]
BarCap expects to shed private equity business by the autumn May 23, 2010 BARCLAYS CAPITAL is expecting to shed its private equity arm by the autumn while at the same time raising £1.8bn from an independent fund, it is understood. The move is thought to have been agreed at Barclays Private Equity’s annual meeting and will see the business spun off from its parent company with no further [...]