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+Vote!

Sensex slips 252 points

... sell-off and benchmark indices finally closed below the dotted line. An analyst from the leading broking house said, “Though the investors welcomed Prime Minister Manmohan Singh taking charge of the finance ministry, but statement from the new home minister P Chidambaram about the slow economic growth also affected the markets to some extent.” All the sectors in the BSE Sectoral indices...

+Vote!

Subdued global cues pull gold prices by 2%

... prices that reduce the appeal of yellow metal as hedge,'' Naveen Mathur, head-commodities, Angel Broking said. Price of light sweet crude oil price for delivery in January was down by $2.39 to $52.02 a barrel, while the rupee tumbled by another 21 paise to end its record low of Rs 50.28. Apart from precious metals, base metals like copper, nickel and zinc also continued to show weak trends...

17Vote!

London Scottish Bank forced into administration

Shares in the firm were suspended this morning at 2.62p and have plunged in value over the last year, due to its financial problems. In the six months to April 2008, it revealed losses of £7.4 million, while just one month later, it was forced to shut its loan broking operation.

+Vote!

Protherics PLC: Protherics PLC announces Offer Update

... (financial adviser to Protherics) Ian Crosbie Tel: 020 7029 8000 Chris Snoxall (corporate broking) Rothschild (financial adviser to BTG) Dr Lynn Drummond Tel: 020 7280 5000 Nomura Code Securities (broker to Protherics) Chris Collins Tel: 020 7776 1200 Piper Jaffray (joint broker and adviser to BTG) Neil Mackison / Jamie Adams Tel: 020 3142 8700 Credit Suisse (joint broker and adviser...

+Vote!

Resource Worldwide

Recruiter specializing in broking and trading positions, within derivatives, FX, equities and fixed income.

+Vote!

A room for everyone

... idea of reserving a room for himself full-time. His room was designed for a CEO of an insurance broking company he started, and is structured as a conference room. In décor terms, it’s simple to the point of being Spartan. “It’s everyone’s room,” he says. “I am not a cabin man.” Mr. Thyagarajan sits behind an unpretentious table in a corner. There’s a larger one for meetings. A goddess looks...

+Vote!

Markets to remain on positive note

... of Saturday that killed over 183 people and injuring over 300 people. An analyst from the leading broking house said, “I don’t expect any negative rally in the coming days. However after the recent terror attacks in the city, there might be short-term impact on the markets. But strong closing of US markets on Friday and some buying witnessed in domestic markets last week, we assume that...

+Vote!

Safety token

... tokens, Indiabulls is also learnt to have given a nod to a similar solution. “Every top 10 online broking portal is evaluating a two-factor authentication solution and you will see many more investing in these, despite the current slowdown in the market,”confirms Amuleek Bijral, country head of RSA Security. As online trading starts spreading its wings—about 50 lakh online account holders...

+Vote!

Advisers brought in to help with sale of Allen & Allen and Hero Insurance

... Group for £150m. Hero is being sold despite LV's push to become a significant operator in the UK broking market, and could fetch between £20m and £25m.

+Vote!

Derek Pain: AIM low – but Alexander David spots a target

The AIM market was once the place to be as the small caps enjoyed enviable adulation, investors were happy to splash out on buying the shares, and the stockbroking community felt that it had discovered a new and lucrative share market.

+Vote!

Trading under shadow of gun-battle

... this facility is located,'' the NSE official said. However, the official declined to name the broking houses which used the facility on Friday although sources said JP Morgan was one of those who used the NSE facility. On the other hand, ABN Amro's securities team worked from its office in Lower Parel, a central Mumbai location. In the BSE, which is located almost at the heart of the anti-terrorist...

+Vote!

Nigeria: Nipost Raises Alarm Over Stockbrokers' Indebtedness

Owing to the huge debt running into several millions of naira owed the Nigerian Postal Services (NIPOST) by stockbroking firms; the management has decided to appoint a settlement and collection bank.

+Vote!

Citigroup's India picks have a tough time

Market fears are that if the bank eventually decides to get out of its non-core businesses like broking and venture capital, there will be considerable wealth loss.

+Vote!

Hoteliers brace for hard times

... will have a much more serious impact on the industry,” said P. Phani Sekhar, fund manager, Angel Broking.According to Gautam Anand, vice-president, ITC Welcom, “We are obviously expecting massive cancellation. The situation looks very bleak for the next quarter.” He said hotels would now install extra security devices.Oberoi group chairman P.R.S. Oberoi told The Telegraph, “It is too early...

+Vote!

Sensex claws back, touches 9K-mark again

... gap and continue to remain encouraging for the entire trading session. An analyst from the leading broking house said, “Apart from strong global cues, we also witnessed some short covering in the markets. Further the positive European markets as well as the US index futures supported the uptrend in our markets in the last session of the day. The Nifty November futures contract is expiring...