CITY MOVES | WHO’S SWITCHING JOBS August 9, 2012 WH Ireland Richard Killingbeck has been appointed head of private wealth management at the stockbroking and wealth management firm. He joins on 18 September. Killingbeck spent over 11 years at Singer & Friedlander Investment Management, latterly as chief executive of its investment management business. He has also held senior positions at Close Brothers, where he [...]
Pixar goes Scottish in the brilliant Brave August 9, 2012 FILMS BRAVE Cert: PG **** Brave is not only Pixar’s first foray into fairytale, it’s the company’s first movie with a female lead. Set in Medieval Scotland, among roaring chieftains, sprites and fairies, Brave is cacophony of colour and sound, rendering clanland in a mosaic of gorgeous pastels. Many films are released in 3D to [...]
ANALYST VIEWS | HOW DID RIO TINTO DO AGAINST ANALYSTS’ EXPECTATIONS? August 8, 2012 JONATHAN JACKSON KILLIK & CO The shares have been weak and volatile performers this year, driven by near-term risks surrounding the outlook for global growth and higher industry costs. However, we are positive on the stock, and believe it is a highly liquid way to gain exposure to long-term emerging market growth. CAILEY BARKER NUMIS [...]
Knight Capital shares higher August 7, 2012 KNIGHT Capital shares showed signs of improvement yesterday, as the embattled market maker began to regain some of the share volume lost after software glitch caused a huge trading loss last week. Meanwhile, NYSE Euronext said yesterday Knight would resume its responsibilities as a designated market maker on the New York Stock Exchange next Monday. [...]
Knight Capital shares tank as it secures lifeline August 6, 2012 KNIGHT Capital said yesterday that a group of investors has rescued the firm in a $400m (£256.2m) deal that keeps the embattled leader in US equities market-making in business, but comes at a huge cost to existing shareholders. Chief executive Tom “TJ” Joyce said the new investors supported him and his management team, but it [...]
Knight in for $400 million lifeline after trading debacle August 6, 2012 Knight Capital Group looks set to enter into a $400m (£256m) financing deal with a group of investors, allowing the trading firm to open its doors today after a crippling $440 million loss. But it will come at a steep cost to shareholders, sources familiar with the situation said. Such a deal would help Knight [...]
Troubled Knight Capital nears a deal for funding August 5, 2012 US EQUITY traders will today give their verdict on stricken deal maker Knight Capital following an audacious last minute bid to save the firm, which last week lost $440m (£281m) due to a technical trading glitch. Several parties were locked in talks last night to provide a financing deal for the market maker, whose algorithmic [...]
Dark Knight pips Total Recall in US August 5, 2012 The Dark Knight Rises took the weekend box office title for a third time, beating back science fiction remake Total Recall. Dark Knight Rises brought in an estimated $36.4m from theatres in the US and Canada, distributor Warner Bros said yesterday. Total Recall finished in distant second place with $26m from Friday through Sunday.
Knight Capital looks for cash after $440m error August 2, 2012 US firm Knight Capital, the company behind a software glitch which led to trades being cancelled in New York on Wednesday, was scrambling to raise capital last night after it revealed the error had accidentally wiped $440m (£283m) off the company’s balance sheet. The New Jersey based equity broker, which placed the bad trades in [...]
Shares drop for fourth straight day on Wall St August 2, 2012 US stocks fell for a fourth day yesterday after European Central Bank President Mario Draghi disappointed investors hoping for immediate action to contain the Eurozone debt crisis. One of Wall Street’s top market makers, Knight Capital Group, was fighting for its survival after a trading glitch that roiled markets on Wednesday wiped out $440m the [...]