PWC BOARD GET THE X-FACTOR TREATMENT IN SURPRISE CONTEST July 28, 2009 RECENT surveys have shown that employees’ sense of job security has improved in recent months, but it seems it is now so high that poking fun at the board is back in vogue. The PwC board were half way through a three-week UK tour last week – in which they met 850 partners – when [...]
BarCap hiring spree continues May 21, 2009 BARCLAYS Capital (BarCap) continued its hiring spree yesterday, raiding its rivals for a pair of star M&A bankers. Matthew Ponsonby of Citigroup and Mark Warham will join the division as co-heads of mergers and acquisitions in Europe. The appointments continue the unit’s strategy of building European equities and M&A teams to match BarCap’s US operations. [...]
BarCap hiring spree continues May 21, 2009 BARCLAYS Capital (BarCap) continued its hiring spree yesterday, raiding its rivals for a pair of star M&A bankers. Matthew Ponsonby of Citigroup and Mark Warham will join the division as co-heads of mergers and acquisitions in Europe. The appointments continue the unit’s strategy of building European equities and M&A teams to match BarCap’s US operations. [...]
BEST OF THE BROKERS June 2, 2009 LADBROKESBarclays Capital is not convinced that Ladbroke’s overseas investment will give a particularly high return compared to peer William Hill’s online expansion. However, the broker believes the group is well-run and cash generative, with a high dividend yield. It initiated coverage of the stock with an “equal weight” rating. KCOM GROUPKCOM’s results show strong cost [...]
Pharmaceuticals inject more life into the FTSE 100’s rise July 22, 2009 THE FTSE 100 added 0.3 per cent yesterday, extending its winning streak to eight sessions thanks to modest gains on Wall Street and solid second-quarter results from drugs giant GlaxoSmithKline. At the close, the index was 12.56 points higher at 4,493.73, up 8.2 per cent over the past eight sessions. Drug maker Shire was the [...]
Pharmaceuticals inject more life into the FTSE 100’s rise July 22, 2009 THE FTSE 100 added 0.3 per cent yesterday, extending its winning streak to eight sessions thanks to modest gains on Wall Street and solid second-quarter results from drugs giant GlaxoSmithKline. At the close, the index was 12.56 points higher at 4,493.73, up 8.2 per cent over the past eight sessions. Drug maker Shire was the [...]
Goldman staff await bumper bonus payout June 21, 2009 INVESTMENT bankers at Goldman Sachs are expecting a bumper year for bonuses on the back of soaring profits at the Wall Street firm, in a sign that there will be no end to bumper payouts for bankers. The firm expects to book record profits for 2009, with revenues soaring due to dwindling competition and strong [...]
Collins Stewart hunts for successor to Terry Smith May 25, 2009 CITY stockbroker Collins Stewart has appointed headhunters to recruit two new non-executive directors, one of whom will be groomed to become the long-term successor to executive chairman Terry Smith. One of the non-executives is expected to become executive deputy chairman, with the potential to take the helm at the firm when Smith eventually steps down [...]
CITY MOVES WHO’S SWITCHING JOBS July 5, 2009 Canada Life International The wealth management firm has appointed Mark Armstrong as its new head of operations. Armstrong joins from Axa in the Isle of Man, where he was director of technical and proposition support. He has over 20 years of experience in offshore financial services, having also previously worked as finance director at Allied [...]
CITY MOVES WHO’S SWITCHING JOBS July 5, 2009 Canada Life International The wealth management firm has appointed Mark Armstrong as its new head of operations. Armstrong joins from Axa in the Isle of Man, where he was director of technical and proposition support. He has over 20 years of experience in offshore financial services, having also previously worked as finance director at Allied [...]