Investors waiting for Greece put the brakes on FTSE rally February 8, 2012 BRITAIN’S blue chips closed a touch lower yesterday as investors awaited more clarity on a Greek debt deal. Greek party leaders gathered to agree reforms needed to secure a new EU/IMF rescue package necessary to avoid a chaotic default that would aggravate Europe’s financial crisis. Rating agency Standard & Poor’s added pressure on negotiations between [...]
Delays in Eurozone keep markets flat February 8, 2012 US stocks closed flat in another thinly traded session yesterday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic default. Underlying confidence kept the Dow near an almost four-year high notched on Tuesday, though trading has been quiet since last week’s stellar employment report. [...]
Ever-increasing regulation is boosting compliance careers February 8, 2012 ADL PARTNERS FIVE years ago I was working on a compliance mandate for an investment bank. As well as compliance professionals, the client was open to seeing individuals from other professions, in this case legal. Yet to retain the interest of lawyers and stop them from terminating the conversation it was imperative not to mention [...]
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 [...]
