FTSE flat as investors ponder aftermath of bailout June 12, 2012 London stocks remained flat this morning as investors took time to consider their positions in the aftermath of volatile trading on Monday. With few major firms announcing results the focus remained on the Eurozone, where the weekend’s bailout of Spanish banks appears to have done little to calm markets. Focus will now shift to Greece, [...]
CITY MOVES | WHO’S SWITCHING JOBS June 11, 2012 Bellzone Mining The resource development company has appointed Glenn Baldwin as its next chief executive, effective 3 September. He joins from Consolidated Minerals, where he has been chief executive since September 2010, and replaces Nik Zuks. Baldwin has previously held senior roles at Gold Fields, Ivanhoe Nickel and Platinum, Southern Era Diamonds and Anglo American. [...]
Northern firms drag down UK private sector June 10, 2012 BUSINESSES in the north of England fell further behind their southern rivals in May, helping to drag down growth in the UK private sector, figures out today show. The private sector remains in growth overall, with a purchasing managers’ index reading of 52.3 in May according to Lloyds TSB. However, it has slowed from 52.6 [...]
CITY MOVES WHO’S SWITCHING JOBS June 10, 2012 Vestra Wealth Management David Campbell (right) has been appointed managing partner at the London and Jersey-based wealth management firm. He was most recently at Deutsche Bank, where he ran its UK private wealth management division. Campbell also served as managing director and head of fixed income at both JP Morgan and Deutsche Bank. M&G Investments [...]
FTSE lurches towards worst month since August May 30, 2012 The FTSE 100 dipped this morning as the Eurozone’s debt woes continued to cast a shadow and hopes that China would trigger further fiscal stimulus were dealt a blow. Investors are awaiting the European Commission’s economic strategy on how austerity measures can be introduced without quashing the growth required for recovery. Concerns about Spain’s ability [...]
Miners lead FTSE advance May 28, 2012 The FTSE tracked rises across Europe as a poll in Greece showed that that the pro-austerity conservative party in the debt laden state was ahead in the polls. According to the figures the New Democracy party could gain about a quarter of the votes, making it the biggest party with elections due on 17 June. [...]
Germans push Greece to stick to bailout plan May 27, 2012 THE SWISS National Bank (SNB) is preparing contingency plans for a Greek exit from the Eurozone which could include capital controls, it emerged yesterday, while a leading German minister warned the country will not “pour money into a bottomless pit.” The Lloyd’s of London insurance market also said it has reduced its exposure to the [...]
Former Lloyds anti-fraud boss on £2.5m false expenses charge May 25, 2012 The former head of digital banking fraud and security at state-backed Lloyds bank has been charged with defrauding her employer by submitting £2.5m worth of false expense claims. Crown Prosecution Service (CPS) says it has authorised the Metropolitan Police to charge Jessica Harper with one count of fraud by abuse of position. The CPS said [...]
Bargain hunters help lift FTSE May 25, 2012 The FTSE 100 nosed up this morning as bargain hunters snapped up stocks which have been hit in recent sessions. On Monday the blue chip index was at a six-month low but has clawed back ground since then. Gains in Asia and on Wall Street overnight also served to lift sentiment. Insurer Aviva was the [...]
Fresh blow to London as Tungsten delays its float May 23, 2012 TUNGSTEN, the British bid vehicle founded by Edmund and Danny Truell, yesterday announced a raincheck on its IPO. Citing adverse market conditions, the financial services investment fund said it was postponing its flotation, set to raise £200m. The announcement will come as a blow to the London Stock Exchange, which was expecting to list Tungsten [...]