CITY MOVES | WHO’S SWITCHING JOBS April 13, 2010 Hoare Capital The agency broker has appointed Tim Cartmell as chief operating officer and promoted Sergio Marques and Andrew Sheppard to partner. Cartmell (pictured) currently runs the firm’s credit desk, having previously held positions as head of gilt sales at JP Morgan and head of UK credit sales at Dresdner Kleinwort. Marques is responsible for [...]
Oil and mining shares drag FTSE lower as commodity price falls take their toll April 13, 2010 BRITAIN’S leading shares shed 0.3 per cent yesterday as oils and miners fell back on lower commodity prices, while banks moved lower on investor caution ahead of first-quarter results in the United States. At the close, the FTSE 100 was down 15.99 points at 5,761.66, having been stuck in a tight 37 point trading range [...]
SPORT | IN BRIEF April 13, 2010 Ford to make Saints switch RUGBY UNION: Highly-rated fly-half Joe Ford has agreed a deal to join Northampton Saints from Leeds at the end of the season. The 19-year-old, whose dad Mike is the England defence coach, has enjoyed a fine season with Carnegie and is seen as one of England’s brightest young talents. He [...]
US stocks rise as investors buy ahead of bank results April 13, 2010 US stocks eked out a gain yesterday as investors looked ahead to earnings from big banks and tech bellwethers, even as disappointing revenue from Alcoa acted as a headwind. With the Standard & Poor’s index up about 40 per cent over the past year, some analysts say stock gains during earnings season could be minimal [...]
Hedging your dividends April 13, 2010 FOR the first time since 2007 institutional investors are ranking higher dividends as a top priority for investing in equities. According to the latest BofA Merrill Lynch Global Research Report fund manager survey, released yesterday, 27 per cent of fund managers would rather see firms distribute their cash as dividends to shareholders, compared with 23 [...]
DANNY GETS BAABAAS CALL April 13, 2010 ENGLAND outcast Danny Cipriani could get the chance to show coach Martin Johnson just what he’s missing after being named in the Barbarians squad. Cipriani is joined in the star-studded squad by Wasps team-mate and fellow international exile, Paul Sackey, for the games against England on 30 May and Ireland on 4 June.
Opportunities for growth in green Asia April 13, 2010 TAKE a trip around emerging Asia these days and you won’t just see skyscrapers and coal-fired power plants growing out of places where there were once nothing but fields. Wind turbines, solar energy plants, incinerator manufacturers, water treatment plants and microirrigation developments are just as likely to spring up before your eyes. There is now [...]
SHAGGAN AND OTHER TALES OF INTEREST April 13, 2010 DICK TURPIN MANAGING DIRECTOR, ARTEMIS THE Arabic word “shaggan” has no equivalent in English. It means the power some singers, such as Edith Piaf, have to imbue the lyrics of a song with an inexpressible melancholy; a yearning for better times. The shaggan has worked, it seems. As I write, the UK market is well [...]
CITY VIEWS: DOES ANDY MURRAY OWE IT TO BRITAIN TO PLAY IN THE DAVIS CUP? April 13, 2010 ANGUS NANAN | KERRY LONDON “Tennis is a very individual sport and you’re driven by your ambition as an individual rather than your ambition to play Davis Cup, so I can very much see where he is coming from. If we had a better team he might possibly be more up for it but I [...]
FUND MANAGEMENT NEWS April 13, 2010 FUND MANAGERS MOVE OVERSEAS The prospect of tighter regulation and higher taxes has led to an 80 per cent increase in fund managers’ enquiries about relocation from the UK, according to Laven Partners, the consulting group. The prospect that the fund management industry will be exposed to new rules from the Alternative Investment Fund Management [...]
