EasyJet boss ejects Jefferies from cockpit April 25, 2012 WHEN Jefferies bought Hoare Govett for £1 from RBS in February, it expressed the hope that it would be able to retain some of its larger broking clients. So it will come as something of a blow to find that FTSE-250 firm easyJet, the discount airline headed by former Guardian media group chief Carolyn McCall, [...]
WHO’S SWITCHING JOBS April 25, 2012 Drivers Jonas Deloitte The provider of property consultancy services has announced that Jeremy Castle has joined as director in its planning team. Castle most recently spent four years leading planning strategy at Battersea Power Station as planning director of Treasury Holdings. He has also previously worked at Legal & General. In addition, Nigel Hawkey arrives [...]
FTSE rise aided by banks April 25, 2012 The FTSE 100 opened on the front foot this morning as the tech sector was given a boost by stellar sales from Apple in the US while banks also nudged up. But UK GDP figures showing that the country had plunged back into recession cast a shadow.The UK economy shrank by 0.2 per cent in [...]
Dutch finances remain healthy after fiscal row April 24, 2012 THE NETHERLANDS saw borrowing costs hold steady at a bond auction yesterday, despite the fall of its government on Monday, but the Italian government again saw yields rise on its debt. The Dutch government sold €1.995bn (£1.63bn) in two- and 25-year bonds, with yields of 0.523 per cent and 2.78 per cent respectively, both almost [...]
FTSE in modest rise as investors eye Fed April 24, 2012 The FTSE 100 saw a modest rally this morning led by banking and commodity stocks as investors looked for signs that the Federal Reserve will inject more liquidity into markets. London’s blue chip index was dented yesterday by uncertainty over who will be the next president of France, the collapse of the Dutch government and [...]
Strong pound could threaten UK’s recovery April 23, 2012 THE POUND hit a 20-month high against the euro yesterday as nervous investors fled political uncertainty to put cash in the UK. The euro fell 0.6 per cent in the day against the pound to 89.49p, its lowest since August 2010. Expectations that quantitative easing is coming to an end has also helped push up [...]
advisers vodafone and Cable & Wireless worldwide April 23, 2012 UBS Vodafone has put its long-standing team at UBS, headed by global co-head of investment banking Simon Warshaw, on the case to guide it through its acquisition of CWW. Oxford-educated Warshaw joined the Swiss bank in 1986 and has under his belt the former positions of head of EMEA investment banking, joint head of UK [...]
FTSE slumps as fresh fears over the Eurozone return to global markets April 23, 2012 BRITAIN’S top shares surrendered almost all of last week’s gains yesterday, led lower by commodity stocks and banks, as political uncertainty and disappointing economic data revived investor concerns over the Eurozone debt situation. The mood was darkened by data showing the Eurozone’s business slump deepened at a far faster pace than expected in April, suggesting [...]
Trading up in a sideways market April 23, 2012 WHEN it comes to the markets, most traders are agnostic about which way the market is moving, whether up or down, just as long as it is moving in a direction. Following the trend is one of the basics of spread betting. But markets move in a non-trending or sideways direction more often than they [...]
FTSE hit by Eurozone jitters April 23, 2012 The FTSE 100 slipped this morning as investors reacted badly to uncertainty in France as Nicolas Sarkozy lost the first round of the country’s presidential election. Sarkozy was narrowly beaten by socialist Francois Hollande who has said that he favours spending to boost growth rather than austerity. Meanwhile Spain’s economy probably contracted 0.4 per cent [...]