BEST OF THE BROKERS June 20, 2010 BAYER Citigroup said it believes that Bayer is an attractive “buy”. Citi said that sentiment is going to be set by the Xarelto data and it remains positive on this asset. According to Citi trading appears to have improved in Crop Science, Materials remains robust and the company will benefit from recent currency moves. WILLIAM [...]
CITY MOVES | WHO’S SWITCHING JOBS June 20, 2010 Aviva The insurance giant has appointed Dipak Warren as a corporate risk solutions director. Warren joins from Mitsui Sumitomo Insurance in London, which she joined in 2000. In her last role as active underwriter and director of the firm, she was responsible for the syndicate business plan and performance across property, casualty, motor, PI, marine, [...]
The bike and car parts retailer who wants to own Britain on the move June 20, 2010 Halfords and its chief executive David Wild are having a good recession. Earlier this month, the bikes and car maintenance retail chain posted a strong set of full-year figures: pre-tax profits rose 42 per cent to £110m, while sales rose three per cent to £832m. The FTSE 250 business said the trend for healthy living [...]
Time Warner set to make a move on Shed June 20, 2010 TIME WARNER, the media giant behind Sex and the City, is close to acquiring Shed Media, the producer of iconic shows such as Footballers’ Wives and Supernanny. Shed has already announced that takeover discussions with a management buy-out group, backed by Bowmark Capital and Darwin Private Equity, have fallen through but at the time it [...]
Public sector accountants to hit job market June 20, 2010 PUBLIC SECTOR spending cuts by the government could force over 16,500 accountants and finance staff into unemployment, according to new research. Recruitment firm Ambition said with the government’s planned £6.2bn public spending cuts, accounting and finance departments are expecting they will have to shed the jobs, which currently make up 2.3 per cent of the [...]
NOMURA READY FOR ROOF WITH A VIEW June 20, 2010 Only weeks to go now before the biggest decampment the City has seen in a while; Japanese bank Nomura’s move back to the City from the Canary Wharf offices it inherited from Lehman Brothers a few years back. The bank, which will move its staff floor by floor to minimise disruption, starting on 12 July, [...]
BILL OF THE WEEK June 20, 2010 AUSTERITY still seems to be the order of the day, if this little group dining at Camden’s Gilgamesh restaurant last week are anything to go by. Our diners barely touched their alcohol, claiming that they’d stick to a simple splash of bubbly (a few bottles of Louis Roederer Cristal, natch) because they had to stay [...]
Wake up your trading with a caffeine boost June 20, 2010 UNFORTUNATELY for those of you craving your third Monday morning coffee, feeding that caffeine addiction is getting even more expensive. Over the past week or so, we have seen the price of coffee beans surge by more than 20 per cent, taking them back towards the heady levels last seen at the height of the [...]
THE WORLD CUP TIPSTER June 20, 2010 SO FAR, the 2010 World Cup has been full of shocks and surprises. From England’s draw with the USA and Algeria to Germany and Spain’s defeats at the hands of Serbia and Switzerland, it has been difficult for traders to predict the outcome of some of these matches. But favourites Spain will be looking to [...]
THE TIPSTER June 20, 2010 NEWS of the BSkyB takeover bid has helped to push the firm’s share price up this week to 699p. Analysts predict that following the rejection of its low-ball attempt, Rupert Murdoch’s News Corp may be prepared to make a bid of up to £8 per share to acquire the remaining 61 per cent of the [...]
