Kraft’s Cadbury bid sparks a flurry of FTSEmerger hopes September 7, 2009 THE leading share index notched back up towards the 5,000-points mark yesterday, after a proposed bid for Cadbury by Kraft raised hopes of a more general pick-up in merger activity and lifted banks and commodity shares. The FTSE 100 rose 1.7 per cent to a close of 4,933.18, up 81.48 points, as it came close [...]
BarCap sees 5bn boost to revenues June 17, 2009 BARCLAYS Capital, the investment banking arm of Britain’s Barclays, should deliver returns on equity of 15 to 20 per cent despite expected regulatory changes, it said yesterday. Barclays also expects to boost annual revenues by over £5bn as it builds out its investment banking business in equities, mergers and acquisitions advisory and prime services, said [...]
RBS pay restrictions lead to loss of talented staff to competitors July 19, 2009 ROYAL Bank of Scotland has lost more than 700 of its top investment bankers to rivals as it labours under government restrictions on compensation policy. The bank cannot pay cash bonuses this year as a result of the government bailout which has left it 70 per cent owned by the Treasury. Rivals are understood to [...]
BlackRock nears BGI takeover June 9, 2009 BLACKROCK looks set to seal the deal to buy Barclays Global Investors (BGI) as early as today, sources say. The deal would merge the two giant firms to create the world’s biggest money manager. The US bank is expected to pay Barclays up to $13bn (£8.1bn) in a mixture of cash and shares. It is [...]
CITY MOVES WHO’S SWITCHING JOBS July 21, 2009 Julius BaerMarion Williams has joined the Swiss wealth management firm to promote its product range to UK clients and focus on third party relationships, including fund platforms and distributors. Williams joins the team from Threadneedle, where she worked with life companies, platforms, fund of funds, stockbrokers, IFAs and private banks. Prior to that, she was [...]
CITY MOVES WHO’S SWITCHING JOBS July 21, 2009 Julius BaerMarion Williams has joined the Swiss wealth management firm to promote its product range to UK clients and focus on third party relationships, including fund platforms and distributors. Williams joins the team from Threadneedle, where she worked with life companies, platforms, fund of funds, stockbrokers, IFAs and private banks. Prior to that, she was [...]
Green in front at Loch Lomond July 9, 2009 GOLF: Australian left-hander Richard Green fired a seven-under-par 64 to take a one-shot lead into the second round of the Barclays Scottish Open at Loch Lomond. Four players; home favourite Martin Laird, Irishman Paul McGinley, England’s Graeme Storm and Gonzalo Fernandez-Castano, of Spain, trail Green by a shot with another Australian, Adam Scott, a further [...]
Reed share placing to be unveiled July 29, 2009 BUSINESS and scientific magazine publisher Reed Elsevier is today expected to announce plans for a huge rights issue, as it attempts to reduce its $8.3bn (£5.1bn) debt-pile. The Anglo-Dutch company’s new chief executive, Ian Smith, will unveil plans to raise up to 10 per cent of its value through a share placing, as he announces [...]
Reed share placing to be unveiled July 29, 2009 BUSINESS and scientific magazine publisher Reed Elsevier is today expected to announce plans for a huge rights issue, as it attempts to reduce its $8.3bn (£5.1bn) debt-pile. The Anglo-Dutch company’s new chief executive, Ian Smith, will unveil plans to raise up to 10 per cent of its value through a share placing, as he announces [...]
BARCAP TRIUMPH IN SQUARE MILE RELAY September 10, 2009 THE City’s many sporting fanatics were out in force last night at the Bloomberg Square Mile Relay, which saw around 100 teams of ten runners competing over a specially-designed mile-long course. Special mention must go to third-placed West LB, second-placed Legal & General, and Barclays Capital, who broke L&G’s two-year winning streak to take this [...]