CITY MOVES | WHO’S SWITCHING JOBS| WHO’S SWITCHING JOBS September 27, 2011 Natixis Henrik Warebon (pictured) has joined Natixis as global head of commodities to lead commodities activities within the fixed income, commodities and treasury department. Warebon started his career at Goldman Sachs, followed by roles at Lehman Brothers, Hetco and BP, where he was global head of crude oil trading. In addition, Andy Gooch, head of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 14, 2011 FINANCIAL TIMES DEUTSCHE BÖRSE-NYSE DEAL TO SAVE EXTRA $1BN FOR CUSTOMERS Deutsche Börse and NYSE Euronext, the exchange operators planning to create the world’s largest bourse, have significantly raised their estimate of savings by banks from the deal, saying customers would save about $1bn more than previously estimated. VICKERS MEMBER CALLS FOR REPEAL OF BANK [...]
FTSE ends in the red as hopes of intervention from Fed wane August 25, 2011 BRITAIN’S FTSE 100 fell yesterday, snapping three days of gains as investor hopes dwindled that Federal Reserve chairman Ben Bernanke would signal more stimulus measures and a rumour about a German short-selling ban triggered profit taking. The blue chip index fell deep into the red on talk a short selling ban may be enacted in [...]
CITY MOVES | WHO’S SWITCHING JOBS July 28, 2011 Cisco Systems One of the world’s largest global IT companies has appointed Phil Read as operations director for its finance and professional services business. Read rejoins Cisco after a four-year stint as a sales and marketing director at BT. In his new role, he will be responsible for the sales and engineering teams responsible for [...]
Car dealer Pendragon to raise £75.2m through deeply discounted rights issue July 14, 2011 LISTED car dealer Pendragon yesterday said it plans to raise about £75.2m through a rights issue to reduce its debt. The nine-for-eight issue is to be priced at 10p per new ordinary share, representing an eye-watering 54 per cent discount to the stock’s Wednesday close. Shares in Pendragon had closed at 21.75p per unit on [...]
PULP FICTION: CITY FILM PRODUCER LEADS DEAL FOR £2M COMIC DEBUT July 12, 2011 ITS COMIC potential has been compared to The Full Monty, Kingpin and The Hangover, but it has been made on a shoestring of £2m – and by a former management consultant. The independent film, Pulp, is the brainchild of Adam Hamdy, who worked at the management consultancy Bridgewater before founding an internet start-up and retiring [...]
Commodity shares lift FTSE on sunny US and China stats July 7, 2011 COMMODITY stocks led the FTSE 100 sharply higher yesterday, as US jobs data boosted confidence that the world’s biggest economy was showing signs of picking up heading into second-half. Integrated oils rose along with crude oil as reports showed US private employers stepped up hiring in June and the number of Americans filing for jobless [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 3, 2011 FINANCIAL TIMES JLR IN 50 PER CENT BOOST TO SPENDING Jaguar Land Rover is to boost its spending on products by 50 per cent from about £1bn to £1.5bn as the UK’s largest premium carmaker prepares to launch the most important vehicle since Tata Motors bought the group from Ford Motor three years ago. CHI-X [...]
China gives support to Eurozone June 26, 2011 CHINESE premier Wen Jiabao is expected to throw his weight behind the future stability of the Eurozone when he meets with David Cameron at Downing Street today. As part of wide-ranging talks touching on issues from trade to human rights, Wen will discuss the use of China’s massive cash reserves and spending power to help [...]
Welcome to London’s business paper June 3, 2011 WELCOME to our first ever Saturday edition to celebrate the greatest and most exciting sporting event of the year. Here at City A.M., we are truly passionate about the Investec Derby as well as horse-racing in general. Our growing numbers of readers in and around London work very hard – but they also love to [...]