BGI staff await 360m payout June 10, 2009 Staff at Barclays’ BGI asset management arm are set to receive a £360m windfall from its sale to US asset manager BlackRock. The group’s top four executives could net shares worth £115m.
THE LONDON REPORT August 5, 2009 The FTSE 100 closed down 0.5 per cent yesterday, after weaker than expected economic data in the US dragged equities lower, with oil producers and miners leading the losers. The index ended 24.24 points lower at 4,647.13, shy of Monday’s close when it hit its best closing level since the collapse of Lehman Brothers late [...]
CITY MOVES WHO’S SWITCHING JOBS June 28, 2009 Securities and Investment InstituteAlan Fleming, an associate at investment management firm JM Finn, has been elected president of the Yorkshire branch of the Securities and Investment Institute (SII). Fleming, 53, joined JM Finn in 2003 and continues to be involved with the management of client portfolios after 25 years in the investment management industry. He [...]
CITY MOVES WHO’S SWITCHING JOBS June 28, 2009 Securities and Investment InstituteAlan Fleming, an associate at investment management firm JM Finn, has been elected president of the Yorkshire branch of the Securities and Investment Institute (SII). Fleming, 53, joined JM Finn in 2003 and continues to be involved with the management of client portfolios after 25 years in the investment management industry. He [...]
Tomlinson named as NAPF head June 16, 2009 Lindsay Tomlinson, European vice chairman of soon-to-be-sold Barclays Global Investors, has been named as chairman of the National Association of Pension Funds (NAPF). Tomlinson is set to take over from Chris Hitchen whose two-year term expires in October. Lindsay, awarded an OBE for services to fund management in 2005, will have to tussle with rising [...]
Tomlinson named as NAPF head June 16, 2009 Lindsay Tomlinson, European vice chairman of soon-to-be-sold Barclays Global Investors, has been named as chairman of the National Association of Pension Funds (NAPF). Tomlinson is set to take over from Chris Hitchen whose two-year term expires in October. Lindsay, awarded an OBE for services to fund management in 2005, will have to tussle with rising [...]
BORIS IS A BLONDE BOMBSHELL IN BELGIUM September 2, 2009 LONDON’S flaxen-haired mayor just can’t help making waves wherever he goes. Boris Johnson was in Brussels yesterday, lobbying the European Union over its draft directive on the alternative investment management industry, in defence of the UK’s numerous hedge funds. But though he happily deployed his usual self-deprecatory sense of humour to good effect throughout the [...]
JJB agrees a refinancing June 3, 2009 JJB Sports yesterday said it had completed its £50m refinancing and ended its standstill agreement with banks, marking the final chapter of the group’s recent struggles. Following a crucial deal with landlords – which will see it pay no rent on stores that have already been closed – JJB is now able to draw on [...]
BarCap wants 65 more in M&A May 25, 2009 Barclays Capital will recruit up to another 65 bankers to its European mergers and acquisitions team before its hiring spree ends. Global head of M&A Paul Parker said the investment banking unit of Barclays was looking to add another 30 or 40 bankers in mainland Europe and up to 25 in the UK. Mark Warham, [...]
Fears over pace of economic recovery see FTSE stumble August 17, 2009 THE FTSE 100 fell 1.5 per cent by the close yesterday with mining, oil and banking stocks leading the losers, as global markets retracted amid concerns over the pace of global recovery. The index closed 68.96 points lower at 4,645.01, extending losses from Friday when it shed 0.9 per cent and marking its biggest one [...]