Mid-cap stock brokers steal a march on bulge-bracket names as the Mifid II era begins February 26, 2018 The City’s bulge-bracket brokers have struggled with increased competition from mid-cap specialists, according to analysis of the biggest winners and losers in client numbers over the last five years. The top three gainers over the five-year period were Peel Hunt, Numis, and Liberum, all of which were founded long after some of London’s oldest financial [...]
Investec’s share price bucks FTSE fall as new co-chief executives Fani Titi and Hendrik du Toit take over from Stephen Koseff and Bernard Kantor February 6, 2018 South African bank Investec, which has a weighty presence in the City, has become the latest institution to appoint co-chief executives as its “founding members” prepare to hand over to the next generation. Fani Titi, former non-executive director and chairman of Investec, and Hendrik du Toit, an executive director and the founding chief executive of [...]
Don’t listen to the naysayers: The City is Brexit-proof and will remain the world’s financial hub February 5, 2018 The City of London is in a strong position to maintain its status as the world’s financial capital. Many of the City’s strengths are deeply embedded and therefore “Brexit-proof”. Moreover, London is in pole position to become the centre of global fintech. But we cannot be complacent. The international environment is competitive. The biggest challenge [...]
Numis strengthens hold on top-tier AIM clients while FinnCap takes biggest share of junior market February 5, 2018 Numis Securities shored up its position as the top broker to the largest companies on London’s junior market in the latest rankings, while FinnCap stuck it out at the top of overall rankings. FinnCap was broker to the highest number of clients on the Alternative Investment Market (AIM) in January, despite losing four since October, [...]
Royal Bank of Scotland (RBS) nets £150m in sale of Lombard asset finance unit to Investec and Shawbrook January 3, 2018 Royal Bank of Scotland (RBS) has sold the offshore operations of its asset finance lender Lombard to Investec and Shawbrook. RBS will net around £150m from selling off its Channel Islands operations of the lender, which was founded in 1861. Investec and Shawbrook will split the Jersey and Guernsey assets division between them, although the [...]
RBS nets £150m in sale of Lombard asset finance unit to Investec and Shawbrook January 3, 2018 Royal Bank of Scotland (RBS) has sold the offshore operations of its asset finance lender Lombard to Investec and Shawbrook. RBS will net around £150m from selling off its Channel Islands operations of the lender, which was founded in 1861. Investec and Shawbrook will split the Jersey and Guernsey assets division between them, although the [...]
Crystal ball time: We asked the experts what’s in store for 2018 for stocks, bonds, currencies and economics January 3, 2018 At the start of 2017 investors might have been forgiven for expecting a more predictable year ahead. If they were, they were sorely disappointed by a year of intrigue – and yet asset prices kept rising, despite the drama. We asked the experts to dust off their crystal balls once more to see what lies [...]
Revealed: Behind the scenes of Carillion’s annus horribilis December 21, 2017 Troubled construction giant Carillion hit the headlines again yesterday after it announced its interim chief executive Keith Cochrane will be replaced almost three months earlier than planned. When Andrew Davies, who was set to take over on 2 April 2018, starts on 22 January, he will become the company’s third chief executive in six months. [...]
Carillion share price: Behind the scenes of the construction giant’s annus horribilis December 21, 2017 Troubled construction giant Carillion hit the headlines again yesterday after it announced its interim chief executive Keith Cochrane will be replaced almost three months earlier than planned. When Andrew Davies, who was set to take over on 2 April 2018, starts on 22 January, he will become the company’s third chief executive in six months. [...]
The UK drove a recovery in European private equity activity this year as UK buyout value doubled, according to CMBOR December 13, 2017 European private equity activity saw a rebound this year, thanks to a bull-run in the UK where the value of buyout deals almost doubled. The total amount spent by private equity firms on new buyouts in Europe hit €90.2bn (£79.4bn), up 50 per cent from last year and on a par with pre-Brexit referendum levels, [...]