City Moves for 10 January 2013 | Who’s switching jobs January 9, 2013 RBS Guy Wylie has been appointed head of primary markets, Asia Pacific at RBS. He has over 20 years’ experience in banking, and most recently worked at UBS as head of Asian debt capital markets and leveraged finance. Wylie previously joined RBS in 2005, after spending several years with JP Morgan and Arthur Andersen in [...]
Best of the Brokers January 9, 2013 JOHN WOOD GROUP Goldman Sachs upgraded the oil and gas services company to “buy” from “neutral” and raised the target price by 28p to 940p yesterday, following “recent underperformance”. According to the analyst, the company contains a lucrative combination of relatively low risk, growth and high cash flow. John Wood is likely to benefit from [...]
Banking and mining shares drive FTSE to highest level since May ‘08 January 9, 2013 BRITAIN’S blue-chip stocks hit their highest level since May 2008 yesterday, with gains led by banking stocks and miners after a reassuring start to the US earnings season boosted demand for riskier assets. The FTSE 100 broke through a near two-year high at 6,105.77 in afternoon trade, following a strong opening on Wall Street, peaking [...]
Strong earnings boost appetite of US investors January 9, 2013 US stocks rose yesterday, rebounding from two days of losses, as investors turned their focus to the first prominent results of the earnings season. Stocks had retreated at the start of the week from the S&P 500’s highest point in five years, hit last Friday, on worries about possible earnings weakness. Shares of Alcoa were [...]
A new year’s career: How an MBA can boost your CV January 9, 2013 Despite a struggling economy, business schools are continuing to see a high number of applicants for their MBA programmes, as candidates seek career change and acceleration. This month will see a flurry of applications as either the January blues or a New Year’s resolution – or both – give candidates the final nudge they need [...]
Technology alone can’t save businesses from the threat of cyber criminals January 9, 2013 BRITAIN’s national security is in peril. According to a report released yesterday by the House of Commons Defence Select Committee, the threat to British IT systems from cyber attack is both rapidly evolving and increasingly significant. And it’s hard not to be convinced of the potential for disaster. In 2010, a highly-sophisticated computer worm known [...]
Bank regulators finally realise their decisions can help or hinder the economy January 9, 2013 WHAT was that bang? A lot of people are hearing the sound of stable doors being slammed shut after the horses have bolted. Professor John Kay – a trenchant critic of banks – wrote about it yesterday, saying that, after the financial crisis, it was natural for politicians to rush to solve yesterday’s problems. One [...]
The business case for a referendum on EU membership January 9, 2013 IN ALL likelihood, David Cameron will soon commit to holding an in-out referendum on Britain’s EU membership. Unsurprisingly, this has provoked a campaign against giving people a say on who ultimately governs us. There are two arguments. First, that “now is not the right time”, because speculation about the possibility of a referendum would create [...]
As the Tube reaches its 150th birthday, should London love or hate its underground railway? January 9, 2013 LOVE Wendy Neville We should be proud of London’s Underground for three reasons: longevity, design heritage and innovation. It’s amazing to think that a transport service largely dependent on infrastructure over 100 years old runs so smoothly and efficiently to carry over 3m passengers a day. There are occasional delays, but the service is good [...]
Rapid responses January 9, 2013 Commuting reality [Re: Further efficiencies are critical to making London’s railways thrive, yesterday] The current proposals for rail improvements are distinctly short sighted. Britain’s railways were built in Victorian times to take travellers from one city centre to another. But this no longer reflects the travel pattern of today’s rail users. The figures reveal a [...]
