How to profit from the fund price war January 28, 2014 Increased competition between platforms is welcome – but the overhaul of charges won’t be a game-changer @AnnabelPalmer1 IN WHAT some are calling a price war, yet another investment platform (Barclays Stockbrokers) has unveiled sweeping changes to its pricing structures. It all began on 15 January, when Hargreaves Lansdown announced that it would overhaul its charges. [...]
Aviva old guard steps down for top Aussie job January 23, 2014 INSURANCE giant Aviva yesterday announced the resignation of its chief financial officer Pat Regan, just a year after he narrowly missed out on the job leading the company. Regan, who was made CFO in 2010, said he will step down in June to take up the reins as chief executive officer at Australian insurer QBE [...]
Private equity owners of Opodo are considering £1.2bn flotation January 14, 2014 THE PRIVATE-equity owners of the online travel agency Odigeo, which in turn owns the travel group Opodo, are working on plans to float the business sometime this year. London will be competing with Madrid to host the flotation, with some suggesting Madrid is favourite given that the management team of eDreams, a principle part of [...]
The funds that could see big gains this year January 14, 2014 But if you want your investments to do well, avoid 2013’s winners WITH the FTSE 100 nearing an all-time high and the S&P 500 rising by 29.6 per cent, 2013 was a bumper year for equity investors. Those who had backed a fund manager investing in small British companies or Japan – last year’s big [...]
City Moves for 14 January 2014 | Who’s switching jobs January 13, 2014 Saxo Bank The online trading and investment provider has announced the appointment of Matteo Cassina as global head of institutional business. He was formerly head of total trader at Merrill Lynch, and president of Citadel Execution Services. BNP Paribas Real Estate The real estate investment firm has recruited Simon Bailey as chief operating officer. He has [...]
Troubled RSA sees ratings put on negative watch by Fitch December 16, 2013 RATINGS agency Fitch has put RSA’s financial strength rating on negative watch after further concerns were raised about the insurer’s ability to maintain its position in the market. And Standard and Poor’s cut its credit rating on RSA and its core subsidiaries from A to A-, arguing that a series of profit warnings indicate management [...]
City Moves for 27 November 2013 | Who’s switching jobs November 26, 2013 Aecom Patrick Flaherty has been appointed managing director for the UK and Ireland at the technical and management support services firm. He joins from Fluor, where he was managing director of its UK operations and led its infrastructure business. Axa Investment Managers The asset management division of Axa has announced the appointment of John Porter [...]
Mid cap stocks gain favour as UK economic optimism rises November 26, 2013 But don’t write off the more international FTSE 100 blue chips THE UK recovery has finally taken hold. But not only is growth returning, many are now more optimistic about our economic prospects compared to other advanced nations. Last week, the OECD revised down its 2013 global growth forecasts to 2.7 per cent from 3.1 [...]
City Moves for 19 November 2013 | Who’s switching jobs November 18, 2013 Knight Frank The property company has hired Liz Crawford as an associate within its healthcare team. She was most recently at Humberts Leisure, where she was a director. Prior to that, Crawford was head of licenced and leisure at Lambert Smith Hampton. Axa Investment Management The investment management business has recruited Shajahan Alam as a solutions [...]
What the other papers say this morning – 04 November 2013 November 4, 2013 FINANCIAL TIMES Aircraft carrier cost to rise to £6.2bn Britain will this week reveal another substantial increase in the cost of building its two new aircraft carriers, declaring that total funding for the programme will rise by another £800m to £6.2bn.Philip Hammond, defence secretary, is expected to say that a new set of demands – [...]