Our Equity Specialists are seeing opportunities in the Natural Resources sector, which despite global volatility, continues to prosper with buoyant fuel and metal prices. In addition, Oils (underpinned ENP sector), added high-value to the market, with strong drilling results reported in Q1.
Business confidence is having a knock on effect on the recruitment front, with sought after bankers developing a low risk appetite and reluctant to move into new opportunities.
It seems the outlook for banking remains challenging, according to a report released today by Financialnews.com, four leading investment banks are expected to cut jobs.
The cuts are said to be made due to ongoing uncertainty in the marketplace and lower than expected attrition this year. Dealogic reported that equity underwriting volumes for April and May are down by more than a half year on year, while debt underwriting is off a quarter and M&A activity volumes down more than 15%.
If you are interested in finding out more about a career in the Natural Resources sector, please contact Ian Colvin or Euan Corbett at Info@Alan-Mitchell.co.uk.