MPC stands united on QE July 22, 2009 IT WAS a unanimous vote from the Bank of England’s Monetary Policy Committee (MPC) to hold interest rates and keep quantitative easing (QE) at the current level of £125bn, minutes from the July meeting showed yesterday. The minutes of the 8-9 July meeting indicated that while the extension of QE was the central question for [...]
MPC stands united on QE July 22, 2009 IT WAS a unanimous vote from the Bank of England’s Monetary Policy Committee (MPC) to hold interest rates and keep quantitative easing (QE) at the current level of £125bn, minutes from the July meeting showed yesterday. The minutes of the 8-9 July meeting indicated that while the extension of QE was the central question for [...]
Branson and sheikh go for final frontier July 28, 2009 VIRGIN Galactic’s space flight business is selling a $280m (£170m) stake to Manchester City football club’s Middle Eastern owner. Sir Richard Branson will sell 32 per cent of the company to Sheikh Mansour bin Zayed al-Nahyan, who last month made a £1.5bn profit selling shares in Barclays. Branson aims to have commercial space flights running [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 6, 2009 THE SUNDAYSThe Sunday TelegraphG20 WILL CURB BANK BONUSESBonuses for bankers throughout the Western world will for the first time be subject to limits and checks as soon as next year after the G20 pledged to embark on an international crackdown on financiers’ pay. Banks will have caps imposed on the size of the bonus pot [...]
Walker’s way: evolution, not revolution July 16, 2009 WHENEVER anything goes wrong in British business, governments wheel out the corporate governance experts. Most of the time, this achieves absolutely nothing. Yesterday’s report by Sir David Walker, which is far from revolutionary, will achieve some – but not much – good. There are two main reasons why Walker won’t satisfy the ridiculously high ambitions [...]
A PRODUCT WHATEVER YOUR VIEW August 5, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKING WHEN markets are choppy, clever traders look for new ways to diversify their tactics. One of the great things about covered warrants is their adaptability, which makes them a good addition to your trading armoury right now. For example, there are plenty of new [...]
BarCap hires fierce critic May 19, 2009 BARCLAYS Capital (BarCap) is to hire a trio of Citigroup analysts, including one with a record of issuing notoriously bearish notes on the investment bank’s parent company, as it marches on with its hiring spree. Tom Rayner, a banking analyst with Citigroup, will join BarCap’s European equity research team, in a move that will raise [...]
INVESTMENT BANK PROFITS BOUNCE BACK June 30, 2009 THE WORLD’S best investment banks have clocked up bumper second quarter profits, reaping the benefits of a renewed focus on trading and capital markets underwriting, as well as the implosion of many rivals. While many institutions – such as RBS and Citigroup – are still finding conditions tough, a group of six is emerging as [...]
INVESTMENT BANK PROFITS BOUNCE BACK June 30, 2009 THE WORLD’S best investment banks have clocked up bumper second quarter profits, reaping the benefits of a renewed focus on trading and capital markets underwriting, as well as the implosion of many rivals. While many institutions – such as RBS and Citigroup – are still finding conditions tough, a group of six is emerging as [...]
DTZ slashes payout after dismal year July 21, 2009 TROUBLED commercial property agent DTZ yesterday announced it was axing its dividend after the economic turmoil sent it plunging into the red. The London-based group reported a £36.1m pre-tax loss for the full year to 30 April compared with a £20.1m profit the year before. The slump in commercial property values and transactions meant the [...]