Analyst Views: What do the latest results mean for Standard Chartered? August 5, 2015 IAN GORDON | INVESTEC “Standard Chartered has sharply underperformed sector peers, with the shares retreating by 17 per cent since peaking at 1,141p on 23 March. Our ‘hold’ recommendation and 970p RoE-g/CoE-g derived target price are maintained.” SANDY CHEN | CENKOS “We’re not exactly certain about how much to recalibrate our forecasts – but we’re [...]
Johnson talks up Anderson’s injury absence August 5, 2015 AUSTRALIA paceman Mitchell Johnson has warned England they will miss attack spearhead James Anderson whoever replaces him in the fourth Investec Ashes Test, which starts tomorrow. Johnson also called on the tourists to respond to last week’s eight-wicket drubbing at Edgbaston by levelling the series at Trent Bridge, in a match he regards as “a [...]
City Moves for 04 August 2015 | Who’s switching jobs August 3, 2015 Legal & General Investment Management Andrzej Pioch has been promoted to co-fund manager in the investment management company’s multi-index team. He joined Legal & General Investment Management in July 2014 as fund manager from Aviva Investors. Argo Group International Holdings The underwriter of specialty insurance and reinsurance products has appointed Steve McGill as global head [...]
Fragile Wood on track to replace Anderson in fourth Ashes Test August 3, 2015 ENGLAND expect paceman Mark Wood to replace the injured James Anderson in the fourth Investec Ashes Test against Australia this week despite lingering fitness concerns of his own. Wood took part in two bowling sessions yesterday at Trent Bridge as he nurses an ankle problem that kept him out of the eight-wicket victory in the [...]
Why I left the City to found a business – Investec Comment August 2, 2015 What makes a barrister, with a comfortable salary and a promising career, leave her job and risk everything by starting her own company? It’s a question – or a version of it – that many in the City with an entrepreneurial spirit will have asked themselves. I won’t pretend that it wasn’t a big decision [...]
Bell: Batting became easier with escalating scrutiny over my place August 2, 2015 RESURGENT England batsman Ian Bell revealed that escalating scrutiny over his place in the side provided the clarity of judgement which prompted a return to form during last week’s third Investec Ashes Test. Bell scored 53 and 65 not out as England dispatched Australia by eight wickets at Edgbaston to take a 2-1 series lead, [...]
Lloyds share price falls as profits come in below expectations while total PPI bill surges July 31, 2015 Shares in Lloyds were down 2.21 per cent this afternoon to 83.81p per share after profits missed expectations and it announced a £1.4bn provision to cover the cost of mis-selling payment protection insurance (PPI). The figures The state-backed bank said pre-tax profit rose 38 per cent to £1.19bn in the six months to the end of [...]
Improving Wedding Vow can cause Nassau upset July 31, 2015 BILL ESDAILE PREVIEWS SATURDAY’S RACING AT GLORIOUS GOODWOOD WHEN declarations were made yesterday for tomorrow’s Nassau Stakes (3.10pm), I was surprised to see all three Coolmore-owned fillies stand their ground. That said, Aidan O’Brien has had more non-runners than runners at Glorious Goodwood this week, so it wouldn’t come as a total shock if either [...]
Jimmy injury fear deflates victory surge July 31, 2015 FEARS that seamer James Anderson could miss the remainder of the series soured an otherwise assertive bowling display which left England on the brink of victory in the third Investec Ashes Test at Edgbaston yesterday. Fellow fast bowler Steven Finn continued his international renaissance with the fifth five-wicket haul of his Test career to leave [...]
Barclays boss John McFarlane looks to cut costs despite profit rise in bid to streamline bank July 30, 2015 Barclays, Britain’s largest bank after HSBC, yesterday delivered £3.1bn of pre-tax profits for the first half of this year, boosted by a 36 per cent rise in the performance of its investment banking arm, which chipped in almost half the total. The investment bank made £1.44bn pre-tax profit. John McFarlane, who joined the bank as [...]