JOBS of the WEEK February 8, 2012 Investment Analyst UK Private Equity Fund £55,000-£85,000 This is an opportunity to join an established UK mid-market private equity fund as an analyst within its investment team. The successful candidate will be involved in every aspect of new investments, including deal screening, financial modelling, and deal execution. The fund plays an active role in the [...]
FTSE subdued as hopes pinned on a Greek deal February 7, 2012 BRITAIN’S blue-chip index closed flat yesterday after staging a late recovery on talk that Greece was making progress towards securing a bailout deal and avert a messy default. The FTSE 100 gauge ended the session 1.94 points lower at 5,890.26 as gains among banks and oil stocks offset heavy losses in the mining sector, which [...]
Eurozone fears halt rise on good fundamentals February 7, 2012 US stocks rose slightly yesterday, but with the outcome of discussions on a bailout package for Greece uncertain, investors are unlikely to make big bets in coming days. The Dow Jones industrial average was up 33.07 points, or 0.26 per cent, at 12,878.20. The Standard & Poor’s 500 Index was up 2.72 points, or 0.20 [...]
Carry on carry trading the Aussie dollar as rates held February 7, 2012 THE Reserve Bank of Australia caught the markets by surprise after holding interest rates yesterday – contrary to the expected cut. With December retail figures contracting, house prices dropping an average of 4.8 per cent year-on-year and housing construction in a 20 month slump, traders were poised for a 0.25 per cent cut in rate [...]
THE TIPSTER HUNTING FOR EURO BULL GAINS February 7, 2012 THE euro-dollar pair continues to hold onto ground above the $1.3000 level, but the nerve of the bulls is being tested as discussions in Greece drag on. Recent data has indicated that there are fewer euro shorts than there were at the beginning of the year, so can euro-dollar continue to push higher? Capital Spreads [...]
Making the Olympics a laboratory for new ways to sell a global brand February 7, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 170 DAYS TO GO GlaxoSmithKline’s head of global brand communication tells City A.M. why 2012 is win-win for GSK Q.what was your brand’s primary reason for being involved with the games? A.As a key British company, we really want to make sure that we can do whatever we [...]
FTSE 100 falls on doubts over deals for Greece and Glencore February 6, 2012 MINERS dragged Britain’s top share index lower yesterday, after doubt surfaced about Glencore’s potential merger with Xstrata, while banks waned in the absence of a debt deal for Greece. The FTSE 100 index ended down 8.87 points, or 0.2 per cent, at 5,892.20, remaining near six-month highs after strong US jobs data boosted appetite for [...]
Corporate results worries sink stocks February 6, 2012 US stocks closed slightly lower yesterday as lingering questions about Europe’s debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week rally. The S&P has risen about seven per cent so far this year, helped by a slew of better-than-expected US economic data, which was capped by Friday’s solid jobs report. [...]
Grey trading on the Facebook IPO price February 6, 2012 AS THE buzz continues about the Facebook public offering later this year, IG Markets is offering grey market trading on the social networking site’s market cap. The grey market allows shares to be traded on an unofficial market ahead of the IPO expected in May. When it filed with the Securities and Exchange Commission on [...]
A NEW THEME FOR THE EURO DESPITE AN AILING ATHENS February 6, 2012 ANOTHER week has passed by without a deal from Athens and the currency markets are clearly starting to suffer from headline fatigue. While the risks are quite serious, the markets continue to believe in an 11th hour deal – which is why the fallout in the euro has been relatively modest. Yet the longer the [...]