Jefferies Hoare Govett wins Sirius Minerals April 2, 2012 HOARE Govett, the former RBS broker sold to US investment bank Jefferies, has won a new mandate with Sirius Minerals, the firm looking for potash in Yorkshire. The renamed Jefferies Hoare Govett has been picked as joint broker alongside Macquarie and Liberum. Chris Fraser, managing director and chief executive of Sirius, said: “With its US [...]
FTSE buoyed by miners March 30, 2012 The FTSE 100 rebounded in early trading as mining stocks continued to edge up. In London copper prices climbed and are on track for a more than 10 per cent first-quarter gain. However more sluggish demand from China is still casting a shadow. Among miners Kazakhmys and Antofagasta were the star performers, up two per [...]
Six things to consider when trading soft commodities March 26, 2012 1 COMMODITY CATEGORIES Though most spread betters of commodities tend to focus on the energy sector and on hard commodities such as gold and silver, you can also take a position on softs. Typically listed are: cocoa, coffee, corn, lean hogs, live cattle, oats, soy, wheat and sugar. Commodities are then often split into various [...]
It’s not just lawyers who prosper in law March 14, 2012 LAW is bigger business than ever. Freshfields employs 5,000 people and has twenty-seven offices in sixteen countries. Linklaters also has twenty-seven offices in twenty countries. Its revenues in 2010-11 were £1.2bn. Of course, this is good news for lawyers. But non-lawyers work for law firms too. Of Freshfields’ 5,000 staff members, 2,000 are business services [...]
Hoare Govett’s larger clients look poachable February 27, 2012 JEFFERIES Group, the global investment firm that has picked up the Hoare Govett name and around 50 of its remaining employees, has done a good job in hanging on to many of the firm’s stars. So, corporate advisers like Paul Nicholls and Chris Zeal have made the move across to the new firm, as has [...]
Tate & Lyle’s growth slows February 9, 2012 TATE & LYLE said it was on track to deliver a “good performance” for the full year to March, with operating profits in line with expectations despite experiencing slower growth in the third quarter. Shares fell more than three per cent yesterday, making it one of the worst performers in the FTSE 100, after the [...]
Signs of a solution in Greece send the FTSE edging higher February 9, 2012 BRITAIN’S top share index closed modestly higher yesterday, supported by oil and banking stocks after BG Group reported strong results and Greece moved closer to securing a bailout package that will avert a chaotic default. The FTSE 100 closed 19.54 points or 0.3 per cent higher at 5,895.47 after hitting a six-month intraday high of [...]
FTSE up as Greek endgame arrives February 9, 2012 The FTSE 100 crawled up this morning as investors braced themselves for an expected decision on a Greek debt deal and the prospect of the Bank of England pumping in another £50bn into its quantitative easing programme. Greek officials said pension cuts were the sticking point in talks which have lurched from one crisis point [...]
BEST OF THE BROKERS December 18, 2011 BP Evolution has maintained its “buy” recommendation on BP, after the oil giant settled its dispute with contractor Cameron over the Macondo accident – although its target price of 510p is at “the lower end” of a valuation range that scales to 771p/sh. Evolution also notes that BP is talking to Ophir Energy about farming [...]
Banks and miners stem tide of FTSE losses November 24, 2011 The FTSE 100 was solid this morning as banks and miners stabilized the index which has taken a battering from the confidence sapping Eurozone crisis. Germany – seen as the kingpin in the bloc – yesterday sold just €3.6bn (£3bn) worth of 10-year bonds, from €6bn euros on offer. That sent shockwaves through markets which [...]