KICK OFF AT ESPN UK August 2, 2009 ESPN will today become the first non-UK channel to show Premier League football in the UK, as it launches its ESPN UK channel on Sky and Virgin Media. The channel will show 46 live Barclays Premier League matches – which it bought the rights to after Setanta UK went into administration – plus a selection [...]
Insurers fail to lift the FTSE as investors await US results October 7, 2009 BRITAIN’S leading shares closed lower yesterday as falls in oil majors and food retailers offset gains in insurers as investors waited for the start of the earnings seasons in the US to give a fresh direction. The FTSE 100 closed down 29.08 points, or 0.6 per cent, at 5,108.90, after ending 2.3 per cent higher [...]
CITY MOVES WHO’S SWITCHING JOBS August 12, 2009 RSAThe insurer has appointed Christian Torkington as its new UK chief operating officer. Torkington joins from Scottish Widows, where he was managing director of operations. Prior to that, he worked at Barclays in a variety of senior roles, and was also the chief executive of an economic development agency. RSIM Rensburg Sheppards Investment Management has [...]
NOMURA PREPARING FOR OXFORD AND CAMBRIDGE VARSITY CLASH October 29, 2009 THE City’s rugby aficionados and former Oxbridge contingent are already gearing up for this year’s Varsity match, which is being sponsored for the second year running by Japanese bank Nomura. Nomura stepped in at the last minute to save the day after it rescued the European operations of failed bank Lehman Brothers, the event’s former [...]
FSA TO PROBE KEY BARCAP BONUS DEALS August 17, 2009 &9632; FSA will demand to see the contracts of five traders&9632; JP Morgan and Barclays Capital in row over poached staff&9632; Think tank calls for Commission to report on high earners CITY watchdog the Financial Services Authority (FSA) last night said it will demand to see the contracts of five traders being hired by Barclays [...]
OSBORNE TELLS FSA: VETO BANK BONUSES September 6, 2009 SHADOW chancellor George Osborne has told the Financial Services Authority (FSA) to end the era of the “mega bonus” even for banks such as Barclays that were not bailed out. He said all banks are regulated entities potentially underpinned by the taxpayer so they should all face bonus curbs. He stopped short of calling for [...]
Why insider trading is hard to prove November 3, 2009 LAST month, the FBI smashed an alleged $20m insider trading scheme centring on the New York hedge fund Galleon, when they raided its offices and arrested billionaire financier Raj Rajaratnam and five accused accomplices. In the wake of criticism of the Financial Services Authority (FSA) in this country over its percveived toothlessness, the regulator is [...]
Why insider trading is hard to prove November 3, 2009 LAST month, the FBI smashed an alleged $20m insider trading scheme centring on the New York hedge fund Galleon, when they raided its offices and arrested billionaire financier Raj Rajaratnam and five accused accomplices. In the wake of criticism of the Financial Services Authority (FSA) in this country over its percveived toothlessness, the regulator is [...]
THE LONDON REPORT September 17, 2009 BANKING and energy stocks fuelled a 0.8 per cent gain for the FTSE 100 by close yesterday, up for a fifth straight day, as sentiment on the outlook for the global economy improved further. Britain’s blue chip index closed up 39.82 points at 5,163.95, its highest close since late September last year, having added 1.6 [...]
PENSIONS CRISIS AS DEFICITS SOAR August 4, 2009 FTSE 100 companies are running a combined pension deficit of £96bn, the largest ever recorded, a leading firm of consulting actuaries will reveal today. The collapse in stock markets means that the shortfall is more than twice the £41bn recorded a year ago, Lane Clark & Peacock’s (LCP) will say. The financial crisis has also [...]