WHAT THE OTHER PAPERS SAY THIS MORNING December 14, 2010 FINANCIAL TIMES INVESTOR IRE OVER SIG CHIEF’S PAY Investec Asset Management has hit out at the board of SIG for ignoring investor outcry about the amount its chief executive is being paid. Investec, which owns 3.3 per cent of the Sheffield-based insulation and plasterboard maker, has written a letter to SIG to protest against a [...]
Bookies’ favourite loses maiden race December 14, 2010 HORSERACING clichés at the ready: thoroughbred betting exchange Betfair has fallen at the first hurdle; the bookies’ favourite has failed to win its maiden race, after the jockey dropped his whip in the final furlong. Turning to another mammal, it’s hard to be anything but bearish on Betfair’s first half results. Core revenue might have [...]
JPMorgan tops brokers poll December 13, 2010 JPMORGAN Cazenove has proved its worth as a broker, banker and adviser over the past five years, new analysis showed yesterday. The bank has stayed in pole position from its 2005 ranking to lead the November 2010 table of stockbrokers and advisers, as well as stockbroking rankings for FTSE100, FTSE250 and small cap clients produced [...]
Fall in mining shares takes its toll as FTSE 100 closes lower December 8, 2010 WEAKNESS in heavyweight miners dragged the leading share index lower yesterday, although firmer banks, energy issues and some takeover speculation helped limit the falls. At the close, the FTSE 100 was down 13.92 points or 0.2 per cent at 5,794.53, having hit a three-week high on Tuesday. “It has been a choppy trading session today [...]
MPC poised to hold rates at 0.5 per cent December 8, 2010 INTEREST rates are expected to stay at 0.5 per cent today, after the Bank of England’s rate setting committee meet for the final time this year. A split has emerged in the Monetary Policy Committee (MPC) in recent months, with “hawk” Andrew Sentance pushing the case for a rate rise and “dove” Adam Posen arguing [...]
ANALYST VIEWS: WHAT NOW FOR DE LA RUE? December 6, 2010 PAUL JONES | PANMURE GORDON We believe this represents a fair level given our ongoing concerns regarding reputational damage. As we await further details, we switch our recommendation from ‘sell’ to ‘hold’. ADRIAN KEARSEY | EVOLUTION This will be the catalyst that switches investor attention away from the short term problems surrounding Paper-gate (and print [...]
Investec targets bonus earners with mortgages December 5, 2010 HIGH earning City workers can take advantage of falling house prices, after a custom made “million plus” mortgage service was launched today. Professionals will be able to borrow against their bonuses, as well as regular income, said Investec Specialist Private Bank, which is launching the scheme. The mortgages will only be offered to people borrowing [...]
ECONOMIST VIEWS: WHEN MIGHT THE MPC INCREASE RATES, IF AT ALL? December 5, 2010 PHILIP SHAW | INVESTEC BANK “I expect that we will begin to see rates go up in next year’s fourth quarter. It is likely that we will see evidence of a self-sustaining recovery, so the need for interest rates at very low emergency levels will fade. However, we are unlikely to be in for any [...]
CITY MOVES | WHO’S SWITCHING JOBS December 2, 2010 Renaissance Renaissance Group has announced that Robert Hanson has been appointed as the first member of its International Advisory Board. Hanson, currently chairman of Strand Hanson, the boutique investment bank in which both Renaissance Group and Hanson hold significant minority stakes, will advise Renaissance Group on investments, transactions and strategic issues. He remains a non-executive [...]
Flybe listing to take off in December November 30, 2010 REGIONAL airline Flybe yesterday announced plans to list in London in December in a bid to raise £60m. The initial public offering (IPO) would value the budget carrier, Europe’s largest regional airline, at about £240m and marks another stride in its ambitious growth strategy. “We are delighted to bring Flybe to the market. The company [...]