CITY MOVES | WHO’S SWITCHING JOBS June 9, 2010 Evolution Group The investment banking group has appointed Philip Howell as a director of the group, effective immediately. Howell was appointed chief executive of Evolution’s investment management subsidiary, Williams de Broë, in February this year. He joined from Fortis Private Banking, where he had been regional chief executive since 2005 and was also a member [...]
FTSE sunk by BP’s oil slick woes June 8, 2010 Britain’s FTSE 100 share index fell yesterday, led down by energy shares as BP dropped again on fresh Gulf of Mexico oil slick worries and banks which were hit by Eurozone debt concerns and the threat of punitive taxes. By the close the FTSE 100 was off 40.91 points, or 0.8 per cent at 5,028.15 [...]
CITY MOVES | WHO’S SWITCHING JOBS June 7, 2010 Barclays Wealth. The wealth manager has appointed Aaron Gurwitz as chief investment officer and head of research, economics and strategy and Kevin Gardiner as head of global investment strategy. Gurwitz, pictured, joined the firm in 2008 as part of the Lehman Brothers acquisition, having previously worked for PIM and Goldman Sachs. Gardiner joined last year [...]
Stormy season sparks natural gas bull move June 7, 2010 IT HAS been a difficult six weeks or so for the energy markets. Whether it was the oil spill in the Gulf of Mexico, continued concerns about growth in emerging markets or no end in sight to the Eurozone sovereign debt crisis, investors were shunning riskier assets such as oil in favour of safe havens [...]
FTSE slides over euro debt worries June 7, 2010 BRITAIN’S leading share index fell yesterday, with energy and mining stocks easing along with commodities on demand worries as downbeat US jobs data last week and euro debt concerns sapped investor confidence. The FTSE 100 ended down 56.94 points, or 1.1 per cent at 5,069.06, marginally off the session low of 5,040.26, having shed 1.6 [...]
CITY MOVES | WHO’S SWITCHING JOBS June 6, 2010 London Stock Exchange The exchange has hired Gay Huey Evans and Paul Heiden as non-executive directors and made Raffaele Jerusalmi an executive director. Huey Evans, pictured, is vice chair of investment banking and investment management at Barclays. Heiden is executive chairman of Talaris Topco and a non-executive at United Utilities, while Jerusalmi is director of capital [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 3, 2010 Financial times TNK-BP STEP UP SALE OF GAS FIELD TNK-BP, BP’s Russian joint oil venture, ratcheted up the pressure for a sale of its vast Kovykta gas field on Thursday, announcing that it was pushing the unit that owns the licence to the field into bankruptcy. The move raises the stakes over the future of [...]
CITY VIEWS: WHAT DO YOU THINK WILL HAPPEN TO TAKE HOME PAY THIS YEAR? June 3, 2010 DAVID HAYES | WILLIS “Pay will basically remain stable. Some areas might see an increase and certain sectors will see a reduction. A lot of companies are looking to keep costs down to avoid having to cut staff numbers, which means a freeze on pay.” HUGH MASTIN | BARCLAYS GLOBAL INVESTMENT “Take home pay has [...]
PERSONAL FINANCE NEWS June 3, 2010 NO OVERSEAS FX FEES WITH KALIXA Whether you are heading to South Africa for the World Cup or elsewhere this summer, you ought to be thinking about your currency arrangements as early as possible. Kalixa, the pre-paid Mastercard, has announced this week that it will be waiving its standard foreign exchange fee for all point-of-sale [...]
Barclays buys Tricorona in climate push June 2, 2010 BARCLAYS yesterday agreed to buy Swedish carbon credits trader Tricorona, cementing the bank’s position as the biggest player in the emissions market. Barclays has offered eight Swedish kronor (70p) per share for Tricorona, representing a total consideration of around 1.13bn kronor, or £98m, and a premium of 40 per cent to the firm’s last closing [...]