CITY MOVES | WHO’S SWITCHING JOBS July 31, 2012 Arle Capital Partners Hilary Ellis has been appointed human resources director at the private equity firm. She will also sit on the board of Alma Consulting, one of Arle’s portfolio companies. Ellis was most recently at Alstom, where she served as director of integration and change management. PensionsFirst Capital Hugo James has been appointed chief [...]
BEST of the BROKERS July 31, 2012 ITV Deutsche Bank has downgraded the broadcaster from “hold” to “sell” on a weak ad revenue outlook. DB says networks are “in denial” when assuming growth next year, and has cut its target from 80p to 72p. SAGE Peel Hunt has moved the software group to “sell” from a previous “hold” rating, saying the market [...]
US stocks take a breath ahead of Fed meeting July 31, 2012 US stocks fell yesterday with traders’ sights set again on today’s Federal Reserve statement on the economy and a possible new round of stimulus. The Nasdaq, which underperformed on Monday, was the smallest decliner among the three major US stock indexes in yesterday’s session, thanks in part to Apple shares’ gain of 2.6 per cent [...]
Disheartening words from Europe send FTSE 100 deeper into the red July 31, 2012 BRITAIN’S FTSE 100 fell yesterday, extending earlier losses, weighed by worries the European Central Bank may not deliver enough stimulus this week to tackle a global economic slowdown, as comments by German policymakers further dented expectations. At the close, the FTSE 100 was down 45.97 points, or 0.8 per cent, at 5,647.66, also weighed by [...]
PROPERTY GROUP OF THE YEAR July 31, 2012 IT HAS been another testing year for most industries, not least for the property sector. The main theme has been the continued lack of available debt, which has dried up development projects, while ongoing uncertainty in the global economy has shaken confidence and in turn stifled demand for space. But it has not all been [...]
INSURER OF THE YEAR July 31, 2012 OUR INSURER of the year award celebrates firms from across the industry, ranging from small specialists to global giants. Lloyd’s of London firms such as Lancashire qualify for their commitment to innovation and personal service in a global marketplace. Meanwhile the changing face of the British insurance business is recognised with the nomination of firms [...]
ANALYST OF THE YEAR July 31, 2012 TODAY’S shortlists for the third annual City A.M. awards kick off with the five analysts we have shortlisted who epitomise all that is positive about the City. Their independence and capacity to make accurate calls on stock or the wider economy ahead of rivals sets them apart. All have shown an ability to give detailed [...]
Libor is fundamentally flawed and threatens London’s global position July 31, 2012 ONE OF the most famous security posters of the Second World War read “Loose Lips Sink Ships”. The idea was to curtail careless talk and prevent giving away information to the enemy. The Libor scandal has featured a different problem: too little careful talk. The basics of the scandal are well-known. The British Bankers’ Association [...]
A champagne prize for the worst Treasury team in modern British history July 31, 2012 AN ENJOYABLE way of spending a few relaxing holiday hours on the beach is to think about the best team that ever played a particular sport. It can be the team as a whole – for example, is the 2012 British Olympic gymnastic team better than its Russian equivalent in 1980? Or you can construct [...]
Entrepreneurial nations win big in medal tables July 31, 2012 IT’S THE question on everyone’s lips. Which country will walk away from London 2012 with the biggest medal haul? Economists are no different from the general public. Several have come up with innovative ways of predicting what it takes for a country to win more medals than its competitors. Goldman Sachs found that national income [...]
