Financial News

Financial newspaper is a newspaper specializing in Finance topics.

Articles from June 12, 2002

160 Jobs Go at WestLB and UBS Warburg
Byline: Nick Gilbert and Michael Hoare WestLB Panmure is to lay off 120 of the near 800 staff it employs in London and Dusseldorf and UBS Warburg is also cutting 43 bankers from its investment banking division.The German bank's job losses are...
Bankers Hope for Brewing Bonanza
South African Breweries (SAB) and Philip Morris, the US food and tobacco group, signalled what bankers are hoping is the start of the party in the brewing sector last week, writes Michael Hoare.The two announced the $5.6bn (E6bn) purchase by SAB...
Debate Rages on Internalisation
Jean-Francois Theodore, the head of Euronext, can never have imagined that the arcane question of internalisation would be such a fascinating subject for so many people. The current debate on internalisation the trading of shares in-house or away...
German Sell-Offs Suffer Cross-Holding Problems
Bankers in Germany are hoping trade sales will ease the pain of unwinding the country's intricate web of crossholdings but there remain huge obstacles.The giant banks and insurers that dominate Germany's corporate landscape are increasingly looking...
Hermes Aims to Extend Range of Pooled Funds
Hermes Pensions Management chief executive Tony Watson is planning to extend his firm's range of pooled fund offerings to take greater advantage of its investment strengths.Strong performance for its fixed-income and small-cap processes suggest...
NASDAQ Boss Set to Make over $20M
Byline: Margareta Pagano and William Wright Wick Simmons, chairman and chief executive of Nasdaq, stands to make a profit of over $20m (e22.4m) on his share options package if Nasdaq's shares appreciate by 10% per year over the term of the options.According...
Virt-X Piles on the Pressure for Best Execution
Virt-x, the Anglo-Swiss exchange, is lobbying hard for the introduction of a pan-European rule on best execution, which will force securities firms to check prices on different markets before trading on behalf of clients.Antoinette Hunziker-Ebneter,...