City Moves for 27 March 2015 | Who’s switching jobs March 26, 2015 Northern Trust David Burnett has been appointed head of hedge fund services in Europe, the Middle East and Africa (EMEA) at the financial services firm. He joined Northern Trust in 2011 as head of relationship management, EMEA. Burnett has also held positions at Omnium and Citadel Investment Group. Salamanca Group The merchant banking and operational [...]
Borse Dubai is going to sell its whole stake in the London Stock Exchange March 26, 2015 Shares in the London Stock Exchange were getting hammered this morning after Borse Dubai said it was selling its entire stake. The company's shares were down 10.3 per cent to 2,276 pence in early morning trade today. Borse’s 17.4 per cent stake will be sold through an accelerated book-building process, a source close to the [...]
EasyJet share price slides after narrowing first half losses March 26, 2015 The figures For the six months ended 31 March EasyJet is expecting narrow post pre-tax result of a loss of £5m to a profit of £10m. The outlook for first half capacity growth has been revised up 0.2 per cent to 3.7 per cent and revenue per seat has also been hiked by 0.5 per [...]
Accounts with benefits: The perks of premium bank accounts March 26, 2015 Nothing says “badge of success” quite like a private bank account. Historically, offering them to customers has been the preserve of the private bank, but in recent years, growing numbers of high street institutions have begun to offer packaged – or premium – accounts to customers with substantial savings and (more often than not) six-figure [...]
Banks are back: How the UK’s banking sector got its mojo back as dividend payments rise March 26, 2015 The UK’s banks are back on form and could be the best place to invest for good and growing dividends. British banks such as Lloyds, HSBC and Barclays were once the best places to invest for solid dividends. Ten years ago, banks provided a quarter of all dividends in the UK market, according to figures [...]
Barclays and ARM weigh on FTSE amid a little sun from TUI – London Report March 25, 2015 BRITAIN’S leading share index gave up early gains yesterday, led down by a late drop in chip designer ARM and a fall in Barclays after a broker downgraded the stock. The blue chip FTSE 100 index was down 28.71 points, or 0.41 per cent, at 6,990.97 points by the close, having hit a record intra-day [...]
HSBC chairman: Tech firms only want your data March 24, 2015 TECHNOLOGY firms offering payment and other finance services are only interested in harvesting your data, not in providing the service itself, HSBC’s chairman Douglas Flint said yesterday. He warned that this raised privacy and data protection worries, with customer information potentially passed around many more firms. “It is clear many people who want to get [...]
City Moves for 25 March 2015 | Who’s switching jobs March 24, 2015 UK Export Finance The export credit agency has appointed Margaret Eyres as head of direct lending. She was formerly head of export finance UK at Societe Generale. Eyres has 25 years’ experience in trade services, trade finance, and export finance, and has also held roles at Midland Bank International and ABN Amro. Panmure Gordon The [...]
Optimal Payments aims for the main market after Skrill buyout March 23, 2015 OPTIMAL Payments looks set to make a leap on to the FTSE 250 after it announced plans for a €1.1bn (£804m) reverse takeover of rival firm Skrill. Shares in the firm soared 24.66 per cent after it announced it would take over one of Europe’s leading digital payments firm. The acquisition will give the enlarged [...]
Analysts: Bank levy could drive Standard Chartered abroad March 23, 2015 George Osborne’s major new hike in the bank levy could prompt Standard Chartered to leave the UK, analysts at JP Morgan said yesterday, as the tax puts it at a disadvantage against global rivals. Such a move – to a location such as Singapore or Hong Kong – could take two or more years and cost [...]