CITY MOVES | WHO’S SWITCHING JOBS September 4, 2011 Troika Dialog The Russian investment bank has appointed Chris Weafer as chief strategist to develop Troika’s strategy for clients’ investments in Russia and the CIS. Weafer was formerly chief strategist for UralSib Bank in Moscow and chief strategist at Alfa Bank in Moscow. Weafer has additionally been appointed as a non-executive director of Niche, the [...]
BEST OF THE BROKERS September 4, 2011 THE RESTAURANT GROUP Brewin Research maintains a “conviction buy” stance for the Restaurant Group but lowers its 12-month price target to 335p from 352p to reflect the recent sell-off in the market. The broker says the Restaurant Group’s interim results published on Friday is further evidence of the firm’s ability to demonstrate trading resilience, unit [...]
Bank lawsuit looms large over the equity markets September 4, 2011 THIS morning’s direction for the markets will be dominated by the news which came out late on Friday evening that a US regulator is suing 17 financial institutions for mis-selling billions of dollars’ worth of mortgage bonds, which ultimately proved toxic when the US housing market collapsed. The targets included not only major US banks [...]
WALL STREET WEEK AHEAD September 4, 2011 Friday’s jobs report that showed hiring in the US unexpectedly ground to a halt in August is increasing speculation the Federal Reserve will move to stimulate the economy. But will it help stocks? Fed action – if it happens – is no longer viewed as the elixir for the stock market it once was. Wall [...]
Try for the goal of profiting from the Rugby World Cup September 4, 2011 CAN Martin Johnson do as coach what he did as captain eight years ago and lead England to glory in the Rugby World Cup? A bumpy build-up and an apparent lack of creativity in his squad selection suggest that Johnno will struggle to replicate his achievement. Sporting Index quotes the Red Rose at 41-44, where [...]
THE WEEK AHEAD September 4, 2011 COMPANY NEWS ● Lonrho announces today. It invests in infrastructure, transport, agribusiness, hotels and support services businesses in Africa. ● On Tuesday, Allstate, Ashtead and Genus all announce. The latter is a British-based business selling products manufactured using biotechnology to cattle and pig farmers. ● Amphenol will announce on Wednesday. Amphenol was founded in Chicago [...]
THE TIPSTER September 4, 2011 TRADERS in oil explorer Rockhopper probably don’t know whether they’re coming or going. The share price of the AIM listed oil and gas exploration company, based in the United Kingdom with licences to explore for oil and gas in the North Falkland Basin, have rocketed from 35p all the way up to 550p and back [...]
LONDON’S MAYORS IN THE FRAME FOR STYLE September 4, 2011 WHO ARE the City’s most stylish cyclists? Boris Johnson and Michael Bear, says fashion photographer Horst A Friedrichs, who has immortalised the Mayor of London and the Lord Mayor in a Square Mile photography exhibition of London cyclists on their two-wheeled vehicle of choice. Johnson and Bear are joined in the City Cycle Style exhibition, [...]
BILL OF THE WEEK September 4, 2011 THE ANTHOLOGIST, the Drake & Morgan-owned sister establishment to The Drift in the Heron Tower and The Parlour in Canary Wharf, is known for its mixology. So when six stockbrokers descended on the Gresham Street restaurant and bar, it was cocktails all round – from a Cream Tea Martini containing double-strength Earl Grey tea syrup [...]
The golf business pair in full swing September 4, 2011 IMAGINE if your son, that you put through university, came home one day and announced that he had quit his comfortable job in the City and was moving back in to start a business. And if that wasn’t scary enough, imagine that he and his friend racked up £30,000 worth of debt on credit cards [...]
