ANALYST OF THE YEAR June 22, 2011 IT TAKES strong-minded individuals with deep knowledge of the sectors they cover to make calls that challenge popular thinking, but the five thinkers on CITY A.M.’s shortlist for Analyst of the Year have won respect for going against the grain – whether being sane on the Glencore IPO or criticising the Bank of England’s interest [...]
Glencore denies plans to sell metal warehousing unit June 22, 2011 The world’s largest listed diversified commodities trader, Glencore said it had no plans to sell its metals warehousing unit. Metals traders have in recent days said Glencore was planning to sell its warehousing business. “It’s completely untrue,” a Glencore spokesman told Reuters. Glencore said in March it wants to boost its presence in metals warehousing [...]
INVESTMENT BANK OF THE YEAR | The Shortlist day 3 June 21, 2011 This hasn’t been the easiest of times for investment banks but there are signs that deal activity, at least, is picking up to more normal levels. We have chosen JP Morgan because, as ever, it has shown itself to be strongly placed in most markets. Bank of America Merrill Lynch is something of a recovery [...]
TRADER OF THE YEAR June 21, 2011 They are far less visible than their counterparts in corporate finance or in the capital markets, but traders play a crucial role in many organisations. For this year’s selection we have chosen two traders for big banks, one hedge fund founder and one hedge fund trader. And then there’s a man from Glencore. Don’t miss [...]
Vallares defies gravity in new issues market June 20, 2011 SEBASTIAN Grigg looked even more ebullient than usual when I bumpedinto him at the weekend. The Credit Suisse investment banker was as pleased as could be about the manner in which Nat Rothschild’s new acquisition vehicle Vallares had managed to raise £1.3bn in funds, with Grigg’s bank as the lead adviser. Grigg is not the [...]
RISING STAR OF THE YEAR | THE SHORTLIST DAY 2 June 20, 2011 LUCKILY for all of us the City is full of rising stars, people we all think will make it to the top. This year’s selection includes Sam Smith, who has been making waves as head of the small cap broker finnCap. We’ve chosen two high-flying lawyers, one investment analyst and a fast rising star from [...]
PERSONALITY OF THE YEAR | The shortlist June 19, 2011 The past year has not been an easy one for the City of London, overshadowed as it has been by the austerity programme in the UK and the Eurozone crisis. But there will be much to be optimistic about and to celebrate at City A.M.’s second annual awards ceremony on 21 September. Our personality of [...]
Glencore loses auction June 16, 2011 Japanese trading house Itochu has pipped Glencore in an auction to buy a holding in Drummond’s Colombian coal operations. In a blow to the newly-listed FTSE 100 firm, Itochu successfully bid $1.5bn to beat Glencore’s offer for a 20 per cent stake in the plants and a chance to profit from Asia’s growing demand for [...]
Samsonite falls 11 per cent in HK debut June 16, 2011 Samsonite International, the world’s biggest luggage maker, has dropped 11 per cent in its Hong Kong trading debut, underscoring tepid investor appetite for initial public offerings as global markets struggle. Samsonite’s slump is the latest in a string of weak Hong Kong IPO performances as China’s strong growth shows signs of weakening and it bodes [...]
Weak banks help drive FTSE to three-month closing low June 15, 2011 BRITAIN’S top shares ended lower yesterday, weighed down by banks on worries over the UK government’s drive for tougher regulation and Europe’s debt crisis, while commodity stocks also pressured the index. The FTSE 100 closed down 60.58 points, or 1.0 per cent, at 5,742.55, its lowest finish since March 18. Banks fell ahead of chancellor [...]