Motor insurer’s IPO could ignite the market September 16, 2015 Hastings’ float is putting the spark back into personal lines THE PERSONAL lines insurance market has been the less sexy relation to its commercial cousins in recent months. Zurich and RSA are dancing around the idea of a union, following the marriage of Aviva and Friends Life, not to mention XL Group’s successful play for [...]
Glencore share price rises with $2.5bn placing, climbing back from record low September 16, 2015 Shares in Glencore opened up by as much as four per cent on Wednesday morning, pleasing investors with a new share placing. The debt-stricken company is seeking to reverse its fortunes with the emergency share placing, which raised the $2.5bn (£1.63bn) it had promised investors. The commodities trader and mining company saw its shares plummet [...]
City Moves for 16 September 2015 | Who’s switching jobs September 15, 2015 BARCLAYS Ian Gilmartin has been appointed head of retail and wholesale for Barclays’s corporate bank. He has over 20 years’ experience and has spent the past five years as part of the leadership in Barclays’ retail and wholesale team. Gilmartin has also held roles at Dresdner Kleinwort Benson and Allied Irish Banks. DELOITTE The business [...]
UK public’s inflation expectations rebound from their record lows September 14, 2015 Expectations of inflation have bounced off record lows, according to survey data released by Barclays yesterday. The general public expect inflation to be 1.6 per cent over the next year, up from a record low of 1.3 per cent three months ago. Barclays has published its Basix inflation expectations figure since 1986. [...]
City Moves for 15 September 2015 | Who’s switching jobs September 14, 2015 Societe Generale Societe Generale Corporate and Investment Banking has announced two appointments in its global finance division. Alvaro Huete (pictured) becomes deputy head of global finance and head of global finance for the UK. He was previously global head of syndications and has also worked at Nomura, Banco Urquijo and Lloyds Bank. Terence Shanahan, previously [...]
London Fintech Week 2015 events: Who, what, where & when September 13, 2015 Trading apps at the ready; London Fintech Week starts today! With the capital being the biggest force for innovation in financial technology right now, this week of talks, conferences and startup demos will be the world’s biggest business geek-out. The events start at 8:30am each day and finishes late, so try to make [...]
US rate hike? Wall Street analysts divided over Federal Reserve’s upcoming interest rate decision September 13, 2015 As the Federal Reserve’s pivotal decision on US interest rates looms closers, Wall Street analysts remain divided on the likely outcome. To hike or not to hike? The Fed’s big decision is coming up quick, with the interest rate-setting meeting just days away, and a Bloomberg survey of analysts showed that half are expecting a [...]
All eyes on Fed after BoE leaves rates unchanged September 11, 2015 INVESTORS are turning their attention to the Federal Reserve, after the Bank of England left interest rates unchanged yesterday, saying that the threat to the world economy from China’s stock-market slump did not signal a slowdown for Britain. The Monetary Policy Committee (MPC) voted 8-1 to keep rates unchanged at a record-low 0.5 per cent, broadly [...]
New iPhone 6s release 2015: What 3D Touch and Apple’s new iPhone means for banking and the financial services industry September 10, 2015 The long-awaited iPhone 6S and iPhone 6S Plus are finally here and, despite being somewhat overshadowed at yesterday’s launch by the iPad Pro and Apple TV, they certainly hold much promise for the banking sector. In particular they have the potential to significantly improve mobile banking, thanks to several new and updated features. Improvements in [...]
City Moves for 10 September 2015 | Who’s switching jobs September 9, 2015 CBRE The commercial real estate services firm has appointed Oliver Segal as an associate director in its Central London lease consultancy team. He joins from Capita Property and Infrastructure, where he has worked since 2006, working on landlord and tenant, asset and portfolio management. Sarasin & Partners The asset manager has appointed Simon Steele and [...]