News by: Sarah Miloudi

'Unsatisfied' Diamond cuts Barclays' bonuses by 26%

by Sarah Miloudi on Feb 10, 2012 at 09:28

Barclays chief Bob Diamond has said he is unhappy with the sharp decline in the bank's return on equity, despite analysts offering a more upbeat interpretation of today's trading update.

Phoenix and CVC call time on bid talks

by Sarah Miloudi on Feb 10, 2012 at 09:15

The insurer and parent of Ignis Asset Management said that CVC Partner's offer did not chime with its expectations.

Barclays wealth arm delivers as investment bank profit slides

by Sarah Miloudi on Feb 10, 2012 at 07:37

Barclays' investment bank suffered its worst quarter in three years as the eurozone crisis hit the firm hard. But discretionary arm Barclays Wealth has delivered a 27% jump in before tax profit.

Glenstrata opposition grows as third investor questions deal

by Sarah Miloudi on Feb 10, 2012 at 07:23

Opposition to the all-share merger of Glencore and Xstrata has grown, as a third investor has spoken out about the blockbuster deal.

Is it time to sell Evy Hambro's world mining trust?

by Sarah Miloudi on Feb 10, 2012 at 07:00

Over three years the star manager has grown his BlackRock World Mining Trust's portfolio more than 100%, but the vehicle's usually wide discount has started to narrow and Hambro's peers are on his heels.

GaveKal's world: five themes running through its vision

by Sarah Miloudi on Feb 10, 2012 at 00:01

The US bear market has run its course and Steve Vannelli, manager of GaveKal's Global Platform Company fund, is positioning for better times ahead. He lists some of the themes running through his portfolio.

The big gold opportunity as Bank fires QE gun again

by Sarah Miloudi on Feb 09, 2012 at 13:36

Smith & Williamson's Ana Markova believes gold could hit $2,500 and the BoE's decision to pump an additional £50 billion into the UK adds further weight to her argument and potentially creates a big opportunity in gold shares.

Bank's £50bn QE boost fails to ease recession jitters

by Sarah Miloudi on Feb 09, 2012 at 12:02

(Update) The Bank of England has broadened its asset purchase programme by £50 billion, but investors are already questioning what happens next if the stimulus fails.

Alliance Trust Savings chief executive Burgess resigns

by Sarah Miloudi on Feb 09, 2012 at 11:42

Robert Burgess is stepping down as chief executive of Alliance Trust Savings (ATS) after three years at the helm.

Which boards are not splashing cash on their investment trusts?

by Sarah Miloudi on Feb 08, 2012 at 12:32

Analysis from Collins Stewart shows a number of investment trust managers and board directors are staying well clear of investing in their own funds.

Lloyds to cut 900 jobs

by Sarah Miloudi on Feb 07, 2012 at 13:56

Part-nationalised Lloyds Banking Group is to cut 900 jobs - part of wider plans unveiled last year to cull 15,000 posts across the company.

Why it's too soon to call the end of treasuries' bull run

by Sarah Miloudi on Feb 07, 2012 at 13:55

Risk assets have got off to a good start this year but strategists are sceptical about calling time on treasuries' bull run with so much uncertainty remaining in the global economy.

Hufton resigns from embattled Sloane Robinson Europe trust

by Sarah Miloudi on Feb 07, 2012 at 13:24

Michael Hufton has resigned from Sloane Robinson Europe, the investment trust which last week was tipped to offer investors a wind up or cash exit on the back of redemptions and poor performance.

Premier eyes acquisitions as it looks to return to profit

by Sarah Miloudi on Feb 07, 2012 at 13:14

Premier Fund Managers has outlined a long-term strategy to investors that involves growing its profitability and pinpointing key acquisition targets, as it looks to edge into profit.

Cumming and Buxton to vote against Glencore/Xstrata deal

by Sarah Miloudi, Dylan Lobo on Feb 07, 2012 at 11:05

(Update) Glencore and Xstrata have agreed a $90 billion all-share merger but Standard Life Investments' David Cumming and Schroders' Richard Buxton plan to vote against it.

Schroders unveils strategic bond fund for ex GLG AAA-rated star

by Sarah Miloudi on Feb 07, 2012 at 08:57

The asset manager plans to launch the Schroder Strategic Bond fund for former Citywire AAA-rated star Gareth Isaac, who joined the firm from GLG last year.

RLAM new business slumps 67%

by Sarah Miloudi on Feb 07, 2012 at 07:25

Net new business, excluding cash mandates, at Royal London Asset Management (RLAM) fell 67% over the 12 months ended in December.

Sants: firms must drop 'narrow' attitude to regulation

by Sarah Miloudi on Feb 07, 2012 at 07:08

Financial Services Authority chief executive Hector Sants has called on banks, insurers and brokers not to 'think about what they can get away with' under the new 'twin peaks' framework.

Is the emerging market rally a red herring?

by Sarah Miloudi on Feb 06, 2012 at 13:26

Emerging markets dominate the list of the world's best-performing indices year to date but can the region continue to go from strength to the strength.

Tenon told to raise £20m to plug black hole

by Sarah Miloudi on Feb 06, 2012 at 10:37

Accountant and advisory firm RSM Tenon has come under pressure to launch an emergency rights issue to raise £20 million in the wake of its profit warning.

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