LAWYER OF THE YEAR | June 26, 2011 FROM up-and-coming dealmakers to City stalwarts, our shortlisted lawyers represent the vast pool of legal talent that London has to offer both domestic companies and those from further afield. Our diverse list may appear difficult to compare at first glance, but with their combined talents they represent a group of people who’ve made the most [...]
LAW FIRM OF THE YEAR | The Shortlist day six June 26, 2011 THOUGH pipeline deals that spurred record law firm profits last decade are yet to return, an influx of regulation and demand for innovative ways to raise capital means law firms are more in demand than ever. Whether running multi-billion pound IPOs or reforming how their businesses are run, our shortlisted firms are at the top [...]
CITY MOVES | WHO’S SWITCHING JOBS June 26, 2011 AXA Investment Managers The asset management company has appointed Lisa O’Connor as European head of consultant relations, reporting to Tim Gardener, global head of consultant relations, in the London office. In her new role, O’Connor will focus on developing AXA IM’s consultant relationships throughout the UK and Europe. O’Connor, who has more than 12 years’ [...]
BEST OF THE BROKERS June 26, 2011 Anglo American Goldman Sachs views the mining firm’s exploration efforts in Chile at its Collahuasi copper mine as a positive. The broker rates shares in the firm “buy”, given the potential the site holds for Anglo American. Goldman gives shares in the company a target price of 4,200p per unit. DS Smith UBS views the [...]
Bank stocks pressured by new capital requirements June 26, 2011 BANKING stocks could be under pressure this morning, following news over the weekend from Basel that additional capital requirements of up to 2.5 per cent were agreed to be imposed on those financial institutions deemed too big too fail – or, to use the technical term, Global Systemically Important Banks (GSIBs). GFT quotes two-way prices [...]
WALL STREET WEEK AHEAD June 26, 2011 A BOUNCE could be the cards for US stocks this week as bulls defend a key technical level and managers buy the quarter’s winners to prop up their books. But gains coming from healthcare, staples or other defensive sectors that have outperformed the market in the last several months would only support the notion that [...]
Warring Greek factions may finally destroy the country June 26, 2011 TOMORROW’S vote on the Greek austerity measures could be the do or die moment for any semblance of Greek economic survival. The Greek parliament will vote on measures to push through more public spending cuts, an increase in taxes and a sale of assets. Greece’s creditors are seeking reassurance that Greece is taking serious measures [...]
THE WEEK AHEAD in association with GFT June 26, 2011 COMPANIES ● Today, Ocado releases its half-year results. Its share price suffered last week on the back of JP Morgan Cazenove cutting its rating and the news that Waitrose is gearing up to compete with it directly in London. ● Tomorrow, Daisy will deliver its preliminary earnings release. The company sells internet and telecommunications services. [...]
THE TIPSTER June 26, 2011 THE UK retail sector is having a torrid time (see page 1) and Habitat’s move into administration at the end of last week was a major blow. The brand was huge in the 1980s, but the advent of companies such as IKEA really heaped on the pressure. It has therefore been a surprise for some [...]
HELICOPTER TRADE FEAT HITS A HIGH June 26, 2011 IT’S OFFICIAL: a new record has been set for the world’s highest currency trade, after Greg Secker took to the skies last Friday to make money out of thin air trading from a helicopter hovering 1,500 feet above the City. The flying trader hopped between the Isle of Dogs radio masts – moved on from [...]
