CITY MOVES | WHO’S SWITCHING JOBS May 10, 2010 Conduit Capital Markets The derivatives and securities dealer has hired ex-3i managing partner Bruce Carnegie-Brown as its new non-executive chairman. Carnegie-Brown has been working for 3i since 2007, latterly as managing partner and chairman of the financial services practice. Prior to that, he was chief executive of Marsh, and spent 18 years at JP Morgan, [...]
BOULTON, CAMPBELL IN BUST UP OF THE YEAR May 10, 2010 IF ANY readers were holed up behind a desk yesterday evening without access to a television, it’s time to indulge yourselves with a quick internet search, pronto. Yesterday’s Sky News coverage of Gordon Brown’s resignation as Prime Minister contained one of the best live TV snippets in years, as the channel’s political editor Adam Boulton [...]
CITY EYE May 10, 2010 The view down across the City from the dizzying heights of the Heron Tower, the tallest building in the Square Mile.
Asian indices will not move at the same pace May 10, 2010 ASIAN indices have not been immune to the Greek crisis and the wave of risk aversion that has been sweeping across the world, despite traders’ relatively bullish attitude towards the region. Major stock indices have all suffered: the Chinese Hang Seng H-Shares index has dropped 10 per cent since the middle of April, while the [...]
DEBT FEARS PROPEL GOLD AND SILVER May 10, 2010 CFD MARKET STRATEGIST, GFT THESE are truly extraordinary times. There is so much affecting financial markets that it’s difficult to know where to start. We’ve seen some odd movements recently, not least the drop in US equities last Thursday. US indices were already down 3 per cent when liquidity suddenly dried up. Bids in thousands [...]
Protect your portfolio from stormy markets May 10, 2010 TIPS on how to safeguard a portfolio from spikes in volatility could have saved investors a lot of money after a perfect storm of events sent markets reeling last week. A meltdown in Greece, a “fat finger” problem in the US and a hung parliament in the UK served as reminders that there are many [...]
CFD ANALYST PICKS May 10, 2010 TECHNICAL STRATEGIST JOEL KRUGER My pick: Buy FTSE 100 at 5,000 Expertise: Technical analysis Average time frame of trades: 5-10 days The market has come under intense pressure in recent days and the FTSE has fallen just shy of the previous 2010 lows of 5,038. At this point we would not rule out the potential [...]
Banks boost FTSE after Euro bailout May 10, 2010 BRITAIN’S leading share index scored its biggest one-day per cent rise in nearly 18 months yesterday as the $1 trillion (£645bn) Eurozone rescue package doused concerns of EU debt defaults and further economic dislocation. Bank stocks, which plunged last week on their exposure to debts of Greece and other EU states, led the advance as [...]
Wall St up as credit fears ease May 10, 2010 US stocks racked up their best one-day gain in over a year yesterday as an agreement on a $1 trillion (£645bn) emergency rescue package from the EU quelled fears a new credit crisis would derail European economies. The bailout fund approved by European leaders yesterday drove the S&P 500 to its highest opening jump on [...]
The return of iconic lips May 10, 2010 WHEN Tom Ford brings out a line of clothes, perfume, makeup – or even a film, as he did earlier this year – we all instantly know it’s going to be the season’s must-have (or must do). So with the launch of his Private Blend range of lipsticks, it has become blazingly obvious that any [...]
