City Moves for 6 August 2013 | Who’s switching jobs January 1, 2013 White and Case The law firm has announced the appointment of Ross Allardice as partner in its UK and European private equity team. He has 11 years’ experience working with private equity funds, and was most recently at Kirkland & Ellis. Barclays The bank’s corporate and employer solutions division has recruited Sean McGowan to its [...]
Best of the Brokers January 1, 2013 HANSTEEN HOLDINGS Peel Hunt rates the real estate investment trust “buy” and has a 79p target. The broker sees last week’s £60m industrial property acquisition as a classic deal for the firm, with low capital values and high yields coupled with asset management opportunities. VOLVO Morgan Stanley rates the carmaker “overweight” with a target of [...]
FTSE 100 predicted to top 6,000 in 2013 despite US budget hangover January 1, 2013 BRITAIN’S FTSE 100 index closed down 27.56 points on the final day of 2012 trading as investors remained anxious over whether US lawmakers can agree crucial budget strategy and avoid the “fiscal cliff”. But despite the fall, to a close of 5,897.81, analysts predict the blue chip share index will rise 8 per cent by [...]
US stocks up at end of 2012 as deal talks drag January 1, 2013 US stocks finished 2012 with their strongest day in more than a month, putting the S&P 500 up 13.4 per cent for the year, as lawmakers in Washington continued to thrash out crucial “fiscal cliff” negotiations. The S&P 500’s gain for the year marks its best performance since 2009, as stocks navigated through debt crises [...]
Three trading resolutions for 2013 January 1, 2013 SUCCESSFUL traders constantly learn and try to improve. The New Year is a great time to reflect on how you could erase some of your bad trading habits, and here are some pearls of wisdom from three respected traders. RESEARCH DEEPLY There were periods of low volatility in 2012, making opportunities hard to find. As [...]
Analyst picks for 2 January 2013 January 1, 2013 QUANTITATIVE STRATEGIST DAVID RODRIGUEZ My pick: Short Aussie dollar-dollar against December high Expertise: System trading Average time frame of trades: 2 days to 10 weeks Important evidence of a sentiment extreme suggests that the Australian dollar could continue lower in the foreseeable future. The Commodity Futures Trading Commission’s commitment of traders report recently showed that [...]
2013 will prove the power of global events to shape our economic lives January 1, 2013 IN MARKETS, a trading session can seem like a lifetime. This puts in context the old adage, attributed to Harold Wilson, that a week is a long time in politics. In truth, both activities have become even more frenetic, as events in distant corners of the globe hit trading screens and TVs with sometimes devastating [...]
London must regain its Victorian spirit to capitalise on the triumph of 2012 January 1, 2013 NOW the curtain has closed on a glorious 2012 for London and Britain, the stage is already being prepared for a very different year ahead. We’ll need to build on recent achievements to deliver a tangible legacy for future generations. We must up our game, rather than lower our expectations for 2013. This means focusing [...]
Make 2013 the year for educating your children financially January 1, 2013 CREATING a New Year’s resolution is as much a tradition at this time of year as Auld Lang Syne or fireworks. Whether done in jest, or with serious commitment, setting resolutions can inspire us to be and do better in the year ahead. Unfortunately, waning willpower and seemingly insurmountable ambitions will likely conspire against our [...]
Are there reasons to be optimistic about the British economy over the year ahead? January 1, 2013 YES Anna Leach Last year was a difficult one, but the labour market proved remarkably resilient. Employment levels are back above pre-crisis levels and unemployment has fallen – although considerable slack remains, with wage growth remaining weak. Nonetheless, combined with a relatively stable outlook for inflation and the supportive stance of monetary policy, this should [...]
