CITY VIEWS: WOULD YOU SHOP IN THE CITY AT WEEKENDS? December 1, 2011 LUCY DILLAWAY | CALYX “I would if the trains were working. I live in East London, and the DLR is not always on. The trains aren’t consistent on the weekend, so it’s hard to come in. I’ll shop near home or online instead.” NICKY DOCKREE | AWD “Normally I’d go to the West End to [...]
Property firm St Modwen sees big year December 1, 2011 PROPERTY regeneration company St Modwen expects its full-year results to buck the economic downturn, coming in at the upper end of forecasts. The company, which owns the Elephant and Castle and Edmonton Green shopping centres in London, said in a trading update that sales and buyer interest in its new sites have both been high, [...]
Commodities drag FTSE 100 down as euphoria wears off December 1, 2011 THE UK’s leading share index closed lower yesterday, led by weaker commodity prices, as earlier gains were reversed in tandem with a weaker showing on Wall Street as Wednesday’s boost from central bank intervention moves proved short-lived. At the close, the FTSE 100 index was down 16.08 points or 0.3 per cent at 5,489.34, just [...]
FTSE falls on grim manufacturing data December 1, 2011 Investors’ sentiment dampened in London in early trading as negative factory figures from China put the brakes on yesterday’s market rises. The gains were fuelled by central banks moving to stimulate credit. China’s factory sector shrank in November for the first time in three years in the face of weakening demand both at home and [...]
Banks hit by S&P downgrade November 30, 2011 The FTSE was dragged down this morning as Standard and Poor’s downgraded 15 banks including Barclays and HSBC while miners were hit by lower copper prices. The S&P cut, on banks mostly in Europe and the United States, hit the sector which has already taken a battering from the Eurozone debt crisis. Meanwhile Eurozone ministers [...]
FTSE down as storm clouds surround Osborne November 29, 2011 The FTSE opened down as stuttering UK growth cast a shadow over chancellor George Osborne’s Autumn statement on the economy to be delivered later today. Grim forecasts on growth from the OECD yesterday painted a bleak picture as the UK struggles to get its economic recovery into gear. The government has already indicated that billions [...]
German insurer set to test new issues market November 28, 2011 THERE is some positive news from Hannover, where Talanx Group, Germany’s third largest insurance entity, is considering a flotation. According to sources, there’s already been a beauty parade of potential advisers and a timetable should follow in short order. There’s one adviser in situ; Rothschild has been appointed to advise Talanx on the sale. The [...]
Banks lift markets after Italy IMF bailout claims November 28, 2011 Banking shares helped fuel rises on the FTSE 100 in early trading as reports in Italy suggested that the beleaguered country is to receive an aid package from the international Monetary Fund (IMF). The package would help shore up Italy’s finances by up to €600bn (£515.8bn), newspaper La Stampa said. But the IMF distanced itself [...]
STRICTLY BALLROOM AS HOGAN LOVELLS TAKES TO THE DANCEFLOOR November 27, 2011 PALE winter skin was smothered in fake tan and suits were replaced by sequins. Think The Only Way is Essex meets Strictly Come Dancing and you’re halfway to picturing the spectacle that was Hogan Lovells’ ballroom dancing contest. There is no record of what the law firm’s clients made of it all, but the Legally [...]
CITY MOVES | WHO’S SWITCHING JOBS November 27, 2011 Mayer Brown The global law firm has hired Bernd Bohr as a partner in the corporate and securities practice. Bohr is relocating from the New York office of Allen & Overy to support the expansion of Mayer Brown’s US M&A and capital markets practice in Europe. He specialises in SEC-registered securities offerings, public and private [...]