City Moves for 16 September 2013 | Who’s switching jobs September 15, 2013 Frostrow Capital The investment trust group has hired David Harris as marketing manager. He joins from Morgan Stanley, where he held associate positions in its FX corporate sales team and senior relationship management division. He began his career as a British Army infantry officer. Julius Baer The private bank has announced the appointment of Mazy [...]
You can either read the news or make it September 15, 2013 JP Morgan’s top investment banker in London tells David Hellier how he gets a buzz from his work life ON the morning I meet Viswas Raghavan, JP Morgan’s European head of investment banking, he is buzzing. The spectacular view from his office is of the docklands and the City of London but his gaze is [...]
Analyst of the year September 15, 2013 The role of the analyst has become increasingly important at such an uncertain time in the economy, when everyone is looking for guidance. This category’s nominees all stand out for their impressive foresight in their respective sectors and their revered reputations in the industry. Here is our pick of the analysts truly at the top [...]
Dealmaker of the year September 15, 2013 There’s been a lack of mergers and acquisitions so far this year but that doesn’t mean there haven’t been some exciting deals for bankers to get a buzz from. From innovative rights issues to a resurgence of flotations, with a few traditional acquisitions and sales thrown in, the year has been a lively one for [...]
Best of the Brokers for 16 September 2013 September 15, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com GALLIFORD TRY Peel Hunt reckons investors should “buy” the housebuilder, and has a target of 1,100p, ahead of final results due tomorrow. The broker predicts record profit of around £74m, up 19 per cent on last year thanks to higher margins, and expects [...]
London Report: Drop in inflation unlikely to help consumers long September 15, 2013 CONSUMERS are likely to receive a small piece of good news this week, with the inflation rate edging down for August. But the upbeat data is likely to come before more rising prices, as analysts predict consumer price inflation will reach three per cent soon. The inflation news, out tomorrow, is part of a slew [...]
Wall St The Week Ahead: US markets are ready for cut in fiscal stimulus September 15, 2013 MONTHS of anticipation will come to an end this week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds. But for all [...]
Any Other Business – 16/09 September 15, 2013 The old saying that sex sells, is apparently not the case for the gentlemen in the City of London. Based on prescription statistics released by NHS GP surgeries, the Sunday Times has found that the Square Mile boasts the lowest prescriptions for anti-impotence drug Viagra compared to men in other parts of the UK. The [...]
City marathon man races for GB in Triathlon final September 15, 2013 THE “FASTEST man in the City” Andrew Greenleaf – a consultant at financial services firm Capco – who came 45th in the London Marathon has upped his athletic game, competing for Team GB in the World Triathlon Grand Final yesterday. Greenleaf came in a very respectable 18th position out of 1,324 who finished the race.
Debt funds set for bumper returns as Lehman Europe repays all debt September 15, 2013 FIVE years on from the collapse of Lehman Brothers, creditors of the European arm are set to receive a full repayment, creating a windfall for distressed debt funds that bought bonds in the bankrupt bank. Hedge funds, including Paulson & Co, who bought Lehman debt when other investors rushed to sell, are now set to [...]