FTSE 100 falls on weakness in mining shares September 24, 2012 The leading share index opened down this morning, as headline mining shares dropped on concerns over the weak global outlook. Miner Bumi led the fallers in early trade, as it announced it is to investigate its Indonesian operations for alleged financial irregularities. Miners Evraz, Anglo American and Ferrexpo lost 3.75 per cent, 3.3 per cent [...]
Energy giants sizing up Bord Gais disposal September 23, 2012 SOME OF Britain’s biggest energy firms are circling Ireland’s state-owned gas company as it gears up for privatisation. Bord Gais Energy is to be put on the block by Ireland’s National Treasury Management Agency (NTMA), which is looking to raise cash for the bailed-out country through asset disposals. Other stakes that will be sold by [...]
City Moves | Who’s switching jobs September 23, 2012 RBC Wealth Management The wealth management division of the Royal Bank of Canada has announced two appointments to the Americas desk of its UK private client wealth management team. Shehreen Quayyum joins as a director from HSBC Private Bank, where she was an associate director in its international team. She has also worked for HSBC [...]
FTSE 100 jumps on mining gains September 21, 2012 The blue chip index consolidated gains in Asia and the US this morning, as once again miners headed up the morning leaderboard on improved copper prices. Essar Energy and Ruspetro rose 4.15 per cent and 3.85 per cent respectively. Heavyweight miners Vedanta and Bumi added 3.42 per cent and 3.4 per cent respectively. Elsewhere, Abu [...]
Expect the goals to flow at the Etihad September 20, 2012 THE first Super Sunday of the season is nearly upon us and it promises to be an intriguing afternoon with Manchester City hosting Arsenal and Manchester United making the short trip to Anfield. Roberto Mancini will have to pick up his side after a demoralising 3-2 defeat at Real Madrid on Tuesday. It would have [...]
Pay boom over for UK bosses September 20, 2012 SALARIES for Britain’s top bosses are rising at below the rate of inflation and bonuses shrank in the last year, hit by the economic slump and tougher scrutiny of executive pay, according to research out today. The figures from Deloitte show that even FTSE 100 chief executives are feeling the pinch this year, with the [...]
Fund managers say more Libor resignations are on the way September 20, 2012 THE VAST majority of fund managers expect more heads to roll over the Libor crisis as more banks become implicated, according to a survey out today. Capital Spreads found 84 per cent expect more chief executives to follow former Barclays boss Bob Diamond in resigning over rate manipulation. “So far management at other major UK [...]
FTSE 100 down on weak Chinese data September 20, 2012 The FTSE 100 fell in early trading this morning, as the miners that rose on the blue chip index yesterday fell on weak manufacturing data from China, which spurred concerns about demand for the oil and metals market. Miner Ferrexpo, steelmaker Evraz and Aquarius Platinum led the fallers, down 5.5, 5.37 and 4.92 per cent [...]
FSA flagged up Diamond flaws September 19, 2012 BOB Diamond and Barclays chairman Marcus Agius were both warned in 2010 that the bank’s new chief executive could be undermined by the Libor-fixing investigation, according to official documents published yesterday. But the bank and the Financial Services Authority (FSA) still declared Diamond a suitable person to run a major bank, allowing him to take [...]
FTSE 100 rebounds on Japan’s stimulus September 19, 2012 The blue chip index opened up this morning, as investors were encouraged by the Bank of Japan’s decision to extend its asset purchase programme by 10 trillion yen. Miners led the index up in early trading, as investors were also buoyed by the end of the strike at Lonmin’s Marikana mine. Ferrexpo added 4.74 per [...]