TOP FOREX STAR TAKES TIME OUT FROM RBS August 24, 2010 A BLOW for the Royal Bank of Scotland – and, by extension, to the rest of us – as one of the most celebrated foreign exchange traders in the City hops out of the bank’s revolving door. Mark Barnes stepped up to the role of global head of forex trading at RBS last year, and [...]
Equity indices have lost their momentum to rise further June 23, 2010 DESPITE continued fears of an economic slowdown, global equities had proved somewhat resilient over the last fortnight with traders jumping on any piece of good news as an excuse to buy. But the 10-session winning streak in the MSCI World Index snapped on Tuesday and the index of global stocks has now shed 1.4 per [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2010 FINANCIAL TIMES ROLLS-ROYCE SPIRITS BUOYED BY GHOST Rolls-Royce says it will at least double its sales this year, thanks to the launch of its new Ghost model and a resurgance in demand for its high-priced cars around the world. Sales of the BMW-owned brand’s cars in China, where Rolls-Royce has seven dealerships, will for the [...]
Isis gets £12m in Occam sale June 2, 2010 ISIS Equity Partners, the small-cap buyout house, is eyeing new investment opportunities after selling marketing software maker Occam to services company St Ives for £12m. Isis said it made between 1.5 and two times its investment of £4.1m on the sale of Occam, which it bought into through a management buyout in 2004. The company, [...]
Feds may take bite of Apple… June 10, 2010 Apple’s growing feud with Google took a fresh twist yesterday, with US anti-trust regulators preparing to investigate Steve Jobs’ firm. The iPad-maker sparked fury at Google after announcing changes to its advertising platform, iAds, that effectively block rivals. It means Google will be excluded from the expected deluge of advertising revenue gathered from Apple’s iPad [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 4, 2010 FINANCIAL TIMES DIPLOMATS TO BECOME SALESMEN The job description for Britain’s ambassadors is to be rewritten to include tough targets for trade promotion and a requirement for the country’s top diplomats to tour the UK’s regions to showcase commercial opportunities abroad. As well as gliding through the corridors of foreign ministries and cultivating contacts with [...]
Barratt profit on target as house sales rise May 12, 2010 HOUSEBUILDER Barratt Developments said it will deliver a profit in the second half as it reported improved sales rates since February. The UK’s third largest housebuilder by market value, said its average selling price is expected to rise by 15 per cent by June 30, thanks to a shift in the type of houses being [...]
Baird Capital sees bid flurry as trade buyers flex muscles June 3, 2010 BAIRD Capital Partners Europe, the mid-market buyout firm, has received bids on all but one of its 12 portfolio companies as trade buying activity increases. The private equity firm, an arm of Milwaukee-based Baird Holding, said it had sold one investment and was looking to exit several more at attractive valuations. Last week it handed [...]
Baird Capital sees bid flurry as trade buyers flex muscles June 3, 2010 BAIRD Capital Partners Europe, the mid-market buyout firm, has received bids on all but one of its 12 portfolio companies as trade buying activity increases. The private equity firm, an arm of Milwaukee-based Baird Holding, said it had sold one investment and was looking to exit several more at attractive valuations. Last week it handed [...]
Cameron told to stand up for BP June 8, 2010 PRESSURE was growing on Prime Minister David Cameron last night to defend BP, the oil giant that has been under constant attack by US politicians in the wake of the Gulf of Mexico disaster. As BP’s share price fell again yesterday closing 4.97 per cent lower at 408.9p, President Barack Obama launched a scathing attack [...]