CITY MOVES | WHO’S SWITCHING JOBS October 19, 2011 Rockspring Rockspring Property Investment Managers has appointed Hugh Bigham (pictured) as head of capital raising and client services for North America. Bigham joins from the Sydney office of Principle Advisory Services, where he supported real estate and private equity managers. In addition, Julianne Cho joins from Cornerstone Real Estate Advisers as client services representative in [...]
Goldman plunges into red October 18, 2011 GOLDMAN Sachs shocked investors by reporting the second-ever quarterly loss in its history as a public company yesterday. The bank’s net income plunged to a $428m (£273m) loss, with pre-tax profits falling from $2.8bn last year to a $730m loss in the third quarter of this year. Chief executive Lloyd Blankfein admitted he was “disappointed”. [...]
MAYFAIR’S FINANCIERS HELP EAT ALL THE PIES October 18, 2011 PIES AND prosecco were yesterday on the menu at Dartmouth House at Mayfair’s answer to the long-running annual Gull’s Eggs lunch. Mayfair hedge fund managers met hotel brokers at the Macmillan Cancer Support fundraiser, including Jones Lang LaSalle’s Jonathan Goldman, who has a personal connection to the cause, having recently endured a 20-hour operation for [...]
Lloyds is harnessing the 2012 Games as a transformational opportunity October 18, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 282 DAYS TO GO Sally Hancock sets out why Lloyds Banking Group became a partner of the 2012 Olympics Q. What was your brand’s primary reason for being involved with the Games? A. We became the first National Partner of the London 2012 Olympic and Paralympic Games for [...]
CITY MOVES | WHO’S SWITCHING JOBS October 13, 2011 Maxifier The online ad campaign performance specialist has appointed Helen-Clifford Jones as head of UK and vice president of sales in EMEA. She will be responsible for leading the expansion of the UK and the move into EMEA. Jones has ten-years of experience in the digital media, publishing and advertising industries. Prior to joining Maxifier, [...]
Miners drag FTSE lower October 13, 2011 Miners led a retreat on the FTSE 100 today as copper prices dropped with global growth worries resurfacing following weaker-than-expected Chinese trade data. China’s trade surplus narrowed in September for a second month in a row as growth of exports and imports both fell below forecasts, reflecting global economic weakness. However in a boost for [...]
FTSE flat after Slovak vote blow October 12, 2011 The FTSE 100 was flat this morning after Slovak lawmakers rejected a plan to expand the Eurozone rescue fund and the US earnings season kicked off with disappointing results. Slovakia’s decision rattled world markets as the plan — which would see Greece saved from economic abyss through new loans — is central to hopes that [...]
AN AWKWARD MOMENT AS BANK CHIEFS RETURN TO PARLIAMENT October 11, 2011 BRITAIN’S bank chiefs were lucky enough to be called before another parliamentary committee today, following several outings already this year. Seated in the stuffy House of Lords hearing room, banking maestros were put through their paces on topics ranging from capital buffers to some “curious nexuses” that HSBC chair Douglas Flint wanted to discuss. Is [...]
Miners peg back FTSE as investors eye Slovak vote October 11, 2011 European shares slid this morning as investors eyed a key vote in Slovakia on whether it will back the Eurozone rescue package. The FTSEurofirst 300 index of top European shares was down 0.6 per cent while London’s blue chip index also edged down as miners opened weakly. Analysts said traders were cautious ahead of the [...]
FTSE solid as Eurozone pledge boosts confidence October 10, 2011 The FTSE 100 opened steadily this morning as investors eyed the news that Franco-Belgian bank Dexia has been rescued while Germany and France pledged to unveil a Eurozone debt crisis plan by the end of the month. German Chancellor Angela Merkel and French President Nicolas Sarkozy said after talks in Berlin on Sunday that their [...]