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’Ocado (IPO) tombstone
Click on the tombstone for further biographical detail.
Welcome to the brave new world of insider trading investigations
Listen up hedgies, traders and investment bankers: you are being very closely watched indeed.
Regulators on both side of the Atlantic appear to have adopted a shock-and-awe campaign as far as cracking down on insider trading is concerned.
Streaky’s guilty, and he is going down (updated)
Via Bloomberg:
EX-CAZENOVE PARTNER GETS 21 MONTHS IN JAIL FOR INSIDER TRADING.
No details yet on disgorgement, or whether Malcolm Calvert has leave to appeal.
Updates (and the inevitable FSA press release) when available.
Streaky’s guilty, but will he go down?
The case against Malcolm Calvert – that he indulged in the crime of buying shares while in the possession of inside information – has been followed with keen interest across the City of London.
Not least because Calvert (Streaky to his friends) is a former Cazenove partner.
Sober times at the Toxic Pub Company
Not much festive cheer for shareholders of the Toxic Pub Company in Wednesday’s trading update, which covers the 16 weeks to 12 December.
There are no signs of improvement in either of its two divisions — in fact Punch’s managed business is materially underperforming peers like Mitchells &
The dogs of the FTSE 100 in 2009
Here they are, courtesy of Cazenove:
Now, go back a year and imagine you had bought the dogs of 2008.
This would have been a very profitable investment strategy: an equally weighted basket consisting of the top 10 biggest fallers would have gained 130 per cent this year,
Cazenove Capital buys Thornhill
Investment manager Cazenove Capital Management has acquired private client rival Thornhill for an undisclosed sum, in its first purchase under chief executive Andrew Ross. Cazenove Capital demerged from the broker of the same name five years ago.
JPMorgan sets £1bn Cazenove deal
JPMorgan will on Thursday unveil a £1bn deal to buy Cazenove, the UK broker with which it has had a joint venture for the past five years. The bank will pay about 535p a share in a deal in which David Mayhew,
Cazenove, the broker that got brokered
Us Brits think of Cazenove as being the epitome of shrewd.
After all, Cazenove partners are/were the masters of corporate broking, the ultimate financial weather-vane for London’s financial community. One-in-three Footsie bosses would/do count the firm’s urbane chairman,
JPMorgan takes over Cazenove
JPMorgan Chase is set to take ownership of Cazenove, the 190-year old stockbroker, in a £940m deal that will trigger bumper pay-outs for some of the City’s top financiers. The US investment bank, which entered a partnership with Cazenove five years ago,
Lloyds, RBS and state aid
The UK’s two part-nationalised banks, Lloyds Banking Group and RBS, are under pressure again on Wednesday morning as the market continues to fret about potential state aid remedies.
Since ING, the Dutch financial services group,
Cazenove, JPMorgan, close to deal
Top executives at Cazenove and JPMorgan are thought to be close to agreeing a price for Cazenove’s share of their JPMorgan Cazenove UK joint venture before the year’s end, reports the Independent on Sunday.
Those poor, frustrated bulls
Cute, innit?
That’s the perfect ‘V’-shaped recovery envisaged by the UK strategy team at Cazenove, comprised of Darren Winder and Robert Griffiths. Trouble is, the London equity market is refusing to acknowledge such a rosy scenario – something that has rather meddled with the Cazenove maths:
Clause and effect – that Xstrata rights issue
Now here’s an interesting market rumour:
Apparently corporate financiers at JP Morgan Cazenove and Deutsche Bank inserted a clause into the sub-underwritting agreement for Xstrata’s $5.9bn cash call.
Pickering departs from Cazenove
Robert Pickering is stepping down as chief executive of JPMorgan Cazenove in a surprise move that will result in David Mayhew, chairman, running the UK investment bank until a successor is found. Leaving after seven years at the helm,
Cazenove, Dexion, test hedge fund appetite
Investor appetite for hedge funds which weathered this summer’s market storms will be tested by the announcement on Monday of up to £300m ($612m) of new money raising by two listed funds that specialise in investing in the sector.