Boutique investment bank and broker Numis Corporation appears to buck the trend of much of the City, saying its revenues had improved 6% in the past six months... more
Here's the disinterested assessment of Goldman Sachs on the impact of UBS's $2 billion rogue trader, seeing a handy chance to swipe at a rival...... more
Tom Wilson, an equities sales trader at Numis Securities, is the toast of his stockbroking firm after he dramatically saved the life of a man who jumped into the Thames - apparently with the intention of committing suicide... more
Daily Mail & General Trust becomes the latest media firm to warn over a slowdown in advertising, as revenues from its regional newspapers tumbled 12% since the start of the year... more
Healthcare just might be the most undersung sector in the communications business. Tough regulations mean that it lacks the glamour of some other areas of marketing... more
ITV chief executive Adam Crozier is not much more cheerful than an I’m A Celebrity contestant in a crate of rats - despite an 11% rise in group revenues... more
Forget the Qataris and the Russians. With Chinese investor Kenny Huang bidding for Liverpool Football Club, it looks as if investors from the Far East are the new big spenders... more
Merrill Lynch, UBS and many others may have had a torrid time in investment banking during the credit crunch, with a knock-on effect on their reputations, but things don’t look quite so bad in the refined world of private banking... more
In The Air: The betting in the City is News Corp’s efforts to buy BSkyB outright will succeed but will take nine to 12 months for regulators to clear the deal... more
Shares in St James's Place tumbled more than 10 per cent after the wealth manager failed to persuade the market that changes in the Budget will not lead to a drop in sales... more
Hard on the heels of yesterday’s record losses of £1.9 billion from housebuilder Taylor Wimpey comes news that Goldman Sachs has upgraded two other companies in the sector because it thinks they look good value for money... more
Retail: Home furnishings and fashion retailer Laura Ashley issued a profits warning after it was forced to increase promotional activity and the slide in the pound put pressure on margins... more
Brace yourself to feel irritated. The next three months, March in particular, will see the publication of hundreds of annual reports as companies pass their financial year-ends... more
Michael Spencer, the Tory party fund-raiser and one of the richest men in the City, revealed to have taken out loans against his substantial shareholding in stockbroker Numis and not made them public... more
Afternoon:
8°c
