The clock is ticking to keep your savings from the taxman March 30, 2011 IF YOU are in the 20 per cent of Londoners who, according to research from Fidelity, put off getting their individual savings account (Isa) to the last week of the financial year, now is the time to shelter your savings from taxation. You will have to act quickly to pick up the best deals. Of [...]
Senior rainmaker who advised Harrods sale March 29, 2011 KEN Costa’s contacts book will be sorely missed at Lazard, which he is leaving at the end of this week for unknown reasons. During his three and a half years at the firm he is best known for pulling off the £1.5bn sale of Harrods to the Qatari royal family, a deal in which he [...]
Barclays Capital hires Morgan Stanley’s Connor to boost team March 29, 2011 BARCLAYS Capital yesterday hired Josh Connor from Morgan Stanley to lead its global transportation banking group within the firm’s Global Industrials Investment Banking Group. Connor will be based in New York and will join the firm in July. The hire follows a series of moves by the bank over the past few months to bolster [...]
UBS: Barclays too big for UK March 29, 2011 BARCLAYS will have no choice but to consider leaving the UK, according to prominent UBS banks analyst John Paul-Crutchley. In a note to investors asking if the bank could be “the first to leave” London, Paul-Crutchley said yesterday that Barlcays and JP Morgan are “broadly comparable”, except that the Fed has given JP Morgan permission [...]
Only 4.2pc of top bankers are women March 28, 2011 ONLY 17 of the top 220 most senior bankers on investment banks’ executive committees or equivalent are women, according to research published yesterday. The study, carried out by Financial News, shows that women make up just eight per cent of banks’ executive, corporate and investment banking committees – fewer than one female member for each [...]
Barclays Wealth mulls move back to Mayfair March 28, 2011 BARCLAYS Wealth is considering moving its high net worth team back to its Mayfair office after just over a year in Canary Wharf, City A.M. can confirm. Barclays Wealth, which has around 60 bankers in its high net worth division to manage assets for those with more than £5m to invest, could move back into [...]
Brokers’ notes boost UK banks March 28, 2011 SHARES in two major UK banks were boosted by bullish notes from brokers yesterday. Barclays and HSBC spent topped the FTSE 100 risers board after analysts at JP Morgan and Barclays Capital said investors should buy European banks. Barclays Capital analysts, led by Simon Samuels, said 11 of Europe’s biggest banks were trading at an [...]
Budget broadly welcomed by businesses, survey says March 28, 2011 CHANCELLOR George Osborne received a boost yesterday as businesses responded positively to last week’s Budget. Almost nine in ten (88 per cent) of corporate respondents said the Budget would aid private sector growth, Barclays Corporate revealed. Meanwhile a snap poll from the Federation of Small Businesses (FSB) showed that over twice as many, 39 per [...]
Bullish brokers boost banks as energy and mining stocks sag March 28, 2011 BULLISH broker comment helped push the banking sector higher yesterday, as Britain’s top share index neared key technical resistance levels after its recent rally, with commodity stocks weighing on the upside. The FTSE 100 closed 3.73 points, or 0.1 per cent, higher at 5,904.49, near its 50-day moving average of 5,933.83. The index has traded [...]
CITY MOVES | WHO’S SWITCHING JOBS March 28, 2011 Ambition UK Simon Lynch has been appointed as managing director of Ambition UK, the London arm of the boutique recruitment business. Lynch has worked at Ambition since November 2010, having joined as a director in the firm’s Hong Kong office. Previously, Lynch spent 11 years with Michael Page International, where he led the national technology [...]