CITY MOVES WHO’S SWITCHING JOBS April 11, 2012 HIG Europe The private equity firm has announced that Carl Harring has joined its London office as a managing director. He arrives from HgCapital, where he led a number of small and medium-sized European leveraged buyouts. He previously spent nine years at Apax Partners. Optos The medical retinal imaging firm has announced that Louisa Burdett [...]
BEST of the BROKERS April 11, 2012 BT GROUP JP Morgan Cazenove has downgraded the telecoms group from “overweight” to “neutral” following a strong share price performance that has seen it rise by 20 per cent over six months, compared to a drop of five per cent across the European telecoms sector. The broker sees revenue risk in both the full year [...]
Banks lead FTSE to a rebound in spite of jitters over the Eurozone April 11, 2012 BRITAIN’S top share index rebounded from a three-session slide yesterday as a rise in banking stocks following a positive broker comment and gains in mining shares boosted the index. The FTSE 100 index closed up 39.19 points, or 0.7 per cent at 5,634.74, reversing a downward spiral when the index surrendered almost all its remaining [...]
Good earnings help US shares bounce back April 11, 2012 AN encouraging start to earnings season helped US stocks rebound yesterday five days of losses that pushed the S&P 500 below a key technical level. Equities cut gains late in the session after the Federal Reserve said rising energy costs were a concern for economic growth. Atlanta Fed President Dennis Lockhart said the economy would [...]
I value the City: EU commissioner responds to criticisms by City A.M. April 11, 2012 I WOULD like to respond to Syed Kamall’s article in City A.M. last Tuesday on the European Commission’s draft measures to implement the EU directive on alternative investment fund managers (AIFMD) [The EC is now run by City-sceptics: An insider’s view]. The issue at stake is a European directive on alternative investment funds, adopted by [...]
Republican nominee seeks running mate: Should be loyal and able to swing April 11, 2012 LYNDON Johnson claimed it “was the worst thing that ever happened to me.” John Nance Garner said it wasn’t “worth a bucket of warm spit.” John Adams lamented it to be the “most insignificant office that ever the invention of man contrived or his imagination conceived.” The vice presidency has not always endeared itself to [...]
Have sentences for rioters been proportionate? April 11, 2012 YES Richard Harrington Last summer’s riots were unprecedented in scale, disorder and violence. The cause was mindless, reckless vandalism and the effect must be serious, effective sentencing. Gordon Thompson, sentenced yesterday, committed a crime that destroyed the livelihood of a longstanding company and endangered lives. As a standalone crime this merits a long custodial sentence [...]
RAPID RESPONSES April 11, 2012 Flight risk [Re: The economics of the airline industry are sheer hell, yesterday] I’m surprised David Crow has chosen to lump me in with Vijay Malya (the Indian entrepreneur behind Kingfisher Airlines) in his otherwise well observed critique of the modern airline industry. As the largest shareholder in easyJet I have, since 2008, been vocal [...]
Attracting attention in your job hunt is a subtle science April 11, 2012 WHAT value is there in seeking attention? The practice has a bad reputation, known as part of the power-play of ill-disciplined little children. But in a competitive job market, where even the best must struggle to win over recruiters or potential employers, some argue that there’s virtue in trying to be noticed in the early [...]
JOBS of the WEEK April 11, 2012 SENIOR QUANTITATIVE ENGINEER NORTH AMERICA $200k pa A rapidly growing investment management firm, based in New York, is looking for a quantitative strategist to join a small, focused team. A PhD is preferred but not necessary. http://www.cityamcareers.com/job/8326 PHP PUBLISHER INTEGRATIONS MANAGER CENTRAL LONDON £30k-£50k pa, plus excellent benefits The world’s biggest mobile ad network in [...]
