City Moves for 11 May 2015 | Who’s switching jobs May 10, 2015 DC Advisory The corporate finance adviser has announced the appointment of Colin Pollock as executive director in its European infrastructure team. He joins from Barclays, where he was director in the power, utilities, and infrastructure team within its investment banking division. UBS Global Asset Management The asset management firm has appointed Peter Cazalet as executive [...]
Best of the Brokers for 11 May 2015 May 10, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com DIXONS CARPHONE Barclays has reiterated its “overweight” rating and raised its target price by seven per cent to 515p after the group issued a positive trading update last week saying it had gained market share across its geographies. The broker rates Dixons Carphone [...]
A class of her own: Anthemis founder Amy Nauiokas talks gender and the future of banks May 10, 2015 What makes someone exceptional? Being chief executive of Barclays Stockbrokers by 34? Heading up four major departments at Cantor Fitzgerald in the wake of 9/11? Or setting up and running both a digital financial services investment and advisory firm and a media production company? These are just the highlights of Anthemis and Archer Gray founder [...]
General Election 2015: Shares, bonds and the pound all end higher after shock Tory win May 8, 2015 Shares, bonds and the pound all rallied today after the Tories swept to a shock win in the General Election, sparing investors from the inevitable uncertainty which would have come with a round of coalition negotiations. The FTSE 100 closed up by 2.2 per cent at 7,035 points this afternoon as the Tory party prepared [...]
City traders pull election all nighter May 7, 2015 THE MOST hotly-contested General Election in decades prompted City workers to stay glued to their terminals last night, with many still at their desks this morning. Traders strived to remain more eagle-eyed than bleary-eyed, watching over markets in case of sudden movements sparked by the race for Downing Street. The scope for market jolts was [...]
Bidding war for Telecity as rival offers £2.31bn May 7, 2015 DATA centre firm TelecityGroup received surprise takeover interest from US rival Equinix yesterday. Telecity has already been deep into talks to merge with Dutch counterpart Interxion, which pushed any other would-be buyers to declare their hands. Equinix’s £2.31bn bid sent Telecity’s share price soaring 21.7 per cent on the day. It follows the 15 per [...]
City Moves for 07 May 2015 | Who’s switching jobs May 6, 2015 Norton Rose Fulbright The law firm has appointed Richard Hughes as a partner in its London banking and finance practice. He joins from Simmons & Simmons in London. Hughes has over 25 years’ experience as a finance lawyer, and has also worked in-house. Silicon Valley Bank UK The financial services firm has appointed Gavin Hewitt [...]
UBS’ investment bank roars back with deal successes and soaring profits May 5, 2015 If you believe everything US investment bankers tell you, it is only a matter of time before a handful of American giants rule the world, and Europe’s challengers crumble into the dust. You can see why they are so confident, with Britain splitting its would-be universal banks with a ring-fence, and a series of [...]
City Moves for 06 May 2015 | Who’s switching jobs May 5, 2015 Cavendish Corporate Finance The sell-side advisory firm has appointed four people to its corporate finance team. Kate Gribbon (pictured) joins as associate director from Deloitte Corporate Finance, where she worked in its consumer business M&A advisory team. David Harris joins as senior researcher from PwC, where he worked in M&A research. Victoria Clarke joins as [...]
Barclays’ Lehman Brothers deal to claim disputed assets will go ahead May 5, 2015 The US Supreme Court has cemented a 2014 ruling which allowed Barclays to claim about $4bn (£2.65bn) of disputed assets in its purchase of much of Lehman Brothers’ brokerage unit. Barclays, which already controlled $3.5bn of the disputed $4bn, was granted leave to take over the assets by the US Court of Appeal last year. [...]